新强联(300850) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was CNY 643,882,745.52, representing a 14.66% increase compared to CNY 561,544,544.37 in the same period last year[4] - Net profit attributable to shareholders was CNY 97,704,372.28, up 33.97% from CNY 72,928,713.54 year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 127,410,905.46, a 27.95% increase from CNY 99,582,054.46 in the previous year[4] - Basic and diluted earnings per share increased to CNY 0.50, up 25.00% from CNY 0.40 in the previous year[4] - The net profit for the current period is 101,041,650.68, an increase from 72,928,713.54 in the previous period, representing a growth of approximately 38.5%[40] - Operating profit for the current period is 114,947,679.20, compared to 82,573,038.98 in the previous period, indicating a growth of approximately 39.2%[40] - The total comprehensive income for the current period is 101,041,650.68, up from 72,928,713.54, marking an increase of around 38.5%[43] Cash Flow - The net cash flow from operating activities improved significantly to CNY 38,390,666.33, compared to a negative CNY 318,744,843.45 in the same period last year, marking a 112.04% increase[4] - Cash flow from operating activities generated a net amount of 38,390,666.33, a significant recovery from a negative cash flow of -318,744,843.45 in the previous period[48] - The net cash flow from investing activities was -$295.49 million, compared to -$417.23 million in the previous period, indicating an improvement[50] - Cash inflow from financing activities totaled $634.78 million, up from $210.17 million year-over-year[50] - The net cash flow from financing activities was $153.18 million, a decrease from $185.27 million in the previous period[50] - The ending balance of cash and cash equivalents was $379.03 million, down from $645.43 million at the beginning of the period[50] - Cash outflow for the acquisition of fixed assets and other long-term assets was $460.77 million, compared to $117.23 million previously[50] - Cash inflow from borrowings was $317.95 million, significantly higher than $99.84 million in the prior period[50] - Cash outflow for debt repayment was $310.00 million, compared to $15.38 million in the previous period[50] - The company reported a total cash outflow from investing activities of $1.02 billion, compared to $417.23 million previously[50] - The impact of exchange rate changes on cash and cash equivalents was -$262,095.02, a decrease from a positive impact of $1,279.67 in the previous period[50] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,684,323,595.80, a 6.84% increase from CNY 6,256,359,027.96 at the end of the previous year[4] - Total liabilities rose to ¥3,075,247,560.26 from ¥2,748,177,163.85, indicating an increase of 11.88%[34] - The company's non-current assets totaled ¥2,722,218,798.90, up from ¥2,175,639,770.45, reflecting a growth of 24.99%[32] Shareholder Information - The total number of common shareholders at the end of the reporting period is 16,467[12] - The largest shareholder, Xiao Zhengqiang, holds 20.14% of the shares, amounting to 39,058,350 shares[12] - The second-largest shareholder, Xiao Gaoqiang, holds 19.35% of the shares, totaling 37,526,650 shares[12] - Haitong Kaiyuan Investment Co., Ltd. holds 10.20% of the shares, equivalent to 19,783,763 shares[12] - The number of shares held by the top ten shareholders with unrestricted shares includes Haitong Kaiyuan Investment Co., Ltd. with 19,783,763 shares and Hong Kong Central Clearing Limited with 11,526,119 shares[15] - The company plans to release restricted shares totaling 13,746,351 shares, with 12,804,821 shares released during the reporting period[21] - The company has not identified any other related party relationships among the top ten shareholders[17] Research and Development - The company's R&D expenses rose to CNY 28,698,935.17, reflecting a 33.19% increase compared to CNY 21,547,437.81 in the same period last year[11] - Research and development expenses increased to 28,698,935.17 from 21,547,437.81, reflecting a rise of about 33.3%[40] Convertible Bonds - The total amount of funds to be raised from the issuance of convertible bonds is not more than RMB 150 million, intended for projects related to gearbox bearings and precision components[22] - The adjusted total amount for the issuance of convertible bonds is set at RMB 135.5 million, with RMB 99.5 million allocated for project construction and RMB 36 million for working capital[23] - The company has approved the issuance of convertible bonds at board meetings held on January 14 and February 21, 2022[22][23] - The company is in the process of issuing convertible bonds, pending approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission, which introduces uncertainty regarding the timeline[25] - The company has committed to timely information disclosure regarding the progress of its bond issuance to mitigate investment risks for shareholders[25] Other Financial Metrics - Total operating costs for the first quarter were ¥494,262,600.47, up from ¥451,888,515.54, indicating a year-over-year increase of 9.31%[35] - The company's cash and cash equivalents at the end of the quarter amounted to ¥1,202,088,258.25, compared to ¥942,975,810.64 at the beginning of the year, reflecting a significant increase of 27.54%[29] - Accounts receivable increased to ¥1,096,844,035.00 from ¥908,232,908.09, representing a growth of 20.73%[29] - The company recorded a financial expense of 28,476,152.32, which is an increase from 18,050,957.75, reflecting a rise of approximately 57.5%[40] - The company reported a tax expense of 13,399,818.52, up from 9,640,094.41, which is an increase of about 39.1%[40] - The investment income for the current period is 4,885,972.48, with a loss from joint ventures of -622,718.12[40] Audit Status - The first quarter report was not audited, indicating that the figures may be subject to change[51]