Workflow
润禾材料(300727) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was CNY 306,099,172.96, representing a 21.27% increase compared to CNY 252,411,838.59 in the same period last year[3] - Net profit attributable to shareholders was CNY 25,560,849.46, up 23.41% from CNY 20,712,102.39 year-over-year[3] - Basic earnings per share increased by 25.00% to CNY 0.20 from CNY 0.16 in the same quarter last year[3] - The total operating revenue for Q1 2022 was CNY 306,099,172.96, an increase of 21.3% compared to CNY 252,411,838.59 in Q1 2021[25] - The net profit attributable to the parent company for Q1 2022 was CNY 25,560,849.46, representing a 23.5% increase from CNY 20,712,102.39 in Q1 2021[27] - The basic and diluted earnings per share for Q1 2022 were both CNY 0.20, compared to CNY 0.16 in Q1 2021, indicating a growth of 25%[27] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 261.09%, resulting in a negative cash flow of CNY -26,297,634.41, compared to a positive CNY 16,324,564.15 in the previous year[10] - Cash and cash equivalents at the end of the reporting period amount to 82,885,821.71 RMB, down from 126,952,239.80 RMB at the beginning of the year[21] - The cash inflow from operating activities totaled CNY 271,312,929.58, an increase of 40.0% compared to CNY 193,814,338.80 in the previous year[30] - The net cash outflow from operating activities was CNY -26,297,634.41, a decrease from a net inflow of CNY 16,324,564.15 in the same period last year[30] - The total cash and cash equivalents at the end of the period were CNY 58,630,499.25, down from CNY 68,989,324.33 at the end of the previous year[31] - The company reported a decrease in cash and cash equivalents by CNY 33,580,855.74 compared to a decrease of CNY 18,966,955.36 in the previous year[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,186,359,588.61, a slight decrease of 0.32% from CNY 1,190,206,022.10 at the end of the previous year[3] - The total liabilities decreased to CNY 480,015,684.87 in Q1 2022 from CNY 512,624,747.81 in Q1 2021, a reduction of approximately 6.4%[23] - The company's equity attributable to shareholders increased by 4.24% to CNY 706,343,903.74 from CNY 677,581,274.29 at the end of the previous year[3] Expenses and Costs - Total operating costs for Q1 2022 were CNY 279,805,929.98, up from CNY 229,199,025.71 in the same period last year, reflecting a growth of 21.9%[25] - Research and development expenses rose by 46.99% compared to the previous year, reflecting the company's commitment to technological innovation[9] - Research and development expenses for Q1 2022 were CNY 10,754,297.03, which is a significant increase of 47.4% compared to CNY 7,316,296.49 in Q1 2021[26] - The company reported a financial expense of CNY 659,015.86 in Q1 2022, compared to a financial income of CNY 567,114.47 in Q1 2021[26] Inventory and Receivables - The company’s inventory increased by 40.21%, primarily due to rising raw material prices[8] - Inventory at the end of the reporting period is 126,964,996.03 RMB, an increase from 90,550,758.24 RMB at the beginning of the year[21] - Accounts receivable at the end of the reporting period total 206,548,208.56 RMB, slightly down from 211,037,234.27 RMB at the beginning of the year[21] - The company experienced a 52.39% increase in accounts payable, attributed to higher procurement volumes driven by increased raw material prices[8] Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,513[13] - Zhejiang Runhe Holdings Co., Ltd. holds 41.45% of shares, amounting to 52,591,630 shares[13] - The total number of restricted shares at the beginning of the period was 14,251,184, with 603,216 shares released during the period[16] Future Plans and Approvals - The company plans to issue convertible bonds with a total fundraising amount reduced to no more than 292.35 million RMB[17] - The company has approved a 2022 restricted stock incentive plan, which was passed at the first extraordinary general meeting on February 15, 2022[17] Tax and Employee Expenses - The company received tax refunds totaling CNY 10,300,320.46, an increase of 108.0% from CNY 4,932,970.61 in the previous year[30] - The company paid CNY 14,163,392.96 in taxes, which is an increase of 149.0% compared to CNY 5,666,243.58 last year[30] - The cash paid to employees was CNY 45,413,762.75, up from CNY 27,817,612.55, reflecting a 63.0% increase[30]