美畅股份(300861) - 2022 Q1 - 季度财报

Main Financial Data Key Accounting Data and Financial Indicators The company achieved strong performance growth in Q1 2022, with operating revenue increasing by 83.62% and net profit attributable to shareholders by 49.18%, while total assets and owner's equity steadily increased and operating cash flow grew by 130.33% | Indicator | Current Period | Prior Year Period | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 665,954,428.56 | 362,683,330.08 | 83.62% | | Net Profit Attributable to Shareholders (RMB) | 284,638,562.58 | 190,808,378.51 | 49.18% | | Net Profit Attributable to Shareholders (Excl. Non-recurring Items) (RMB) | 268,246,060.05 | 148,499,228.27 | 80.64% | | Net Cash Flow from Operating Activities (RMB) | 279,141,640.65 | 121,190,172.35 | 130.33% | | Basic Earnings Per Share (RMB/share) | 0.71 | 0.48 | 47.92% | | Weighted Average Return on Net Assets | 6.84% | 5.38% | 1.46% | | | End of Current Period | End of Prior Year | Period-end vs. Period-start Change | | Total Assets (RMB) | 4,837,351,611.20 | 4,459,859,879.28 | 8.46% | | Owner's Equity Attributable to Shareholders (RMB) | 4,301,926,534.20 | 4,017,287,971.62 | 7.09% | Non-recurring Gains and Losses and Amounts In the current period, total non-recurring gains and losses amounted to RMB 16,392,502.53, primarily from fair value changes in financial assets held for trading and government grants | Item | Amount for Current Period (RMB) | | :--- | :--- | | Fair Value Changes in Financial Assets and Liabilities Held for Trading | 15,708,503.35 | | Government Grants Recognized in Current Profit/Loss | 6,410,714.30 | | Net Non-operating Income and Expenses | -1,087,999.87 | | Gains/Losses on Disposal of Non-current Assets | -5,343.56 | | Less: Income Tax Impact | 4,633,371.69 | | Total | 16,392,502.53 | Analysis of Changes in Key Financial Indicators Performance growth was primarily driven by increased demand for diamond wire due to global photovoltaic installed capacity growth, with the company achieving significant sales and revenue increases through capacity expansion and cost control, reaching 16.94 million kilometers in electroplated diamond wire sales in Q1 2022 - The core driver of performance growth was the strong increase in global photovoltaic installed capacity, leading to higher demand for diamond wire used in silicon wafer cutting[6] - The company implemented multi-dimensional measures such as capacity expansion, production line efficiency improvement, and enhanced cost control to meet market demand, laying the foundation for future technology R&D and talent acquisition[6] Key Business Indicators | Key Business Indicators | 2022 Q1 | | :--- | :--- | | Electroplated Diamond Wire Sales Volume | 16.94 million kilometers | | Operating Revenue | 666 million RMB | | Net Profit Attributable to Parent Company | 285 million RMB | Shareholder Information Common Shareholder Holdings As of the end of the reporting period, the company had 10,822 common shareholders, with the top two shareholders, Wu Ying and Zhang Yingjiu, holding 49.60% and 14.07% respectively, indicating a relatively concentrated equity structure - As of the end of the reporting period, the company had a total of 10,822 common shareholders[7] Top Shareholders' Holdings | Shareholder Name | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | | Wu Ying | 49.60% | 198,393,294 | | Zhang Yingjiu | 14.07% | 56,263,545 | | Jia Haibo | 7.80% | 31,187,684 | Quarterly Financial Statements Consolidated Balance Sheet As of Q1 2022, total assets reached RMB 4,837,351,611.20, an 8.46% increase from year-start, with a high proportion of current assets primarily from financial assets held for trading, and total liabilities of RMB 532,649,660.64 indicating a robust financial structure Key Balance Sheet Items | Key Balance Sheet Items (RMB) | Period-end Balance (2022-03-31) | Year-start Balance (2021-12-31) | | :--- | :--- | :--- | | Assets | | | | Cash and Cash Equivalents | 558,622,727.95 | 176,954,444.75 | | Financial Assets Held for Trading | 2,112,637,495.22 | 2,232,361,373.08 | | Accounts Receivable | 363,027,057.39 | 287,582,937.05 | | Inventories | 371,399,066.13 | 338,321,337.81 | | Fixed Assets | 605,438,201.06 | 625,312,393.89 | | Total Assets | 4,837,351,611.20 | 4,459,859,879.28 | | Liabilities | | | | Accounts Payable | 212,249,700.19 | 157,747,001.53 | | Total Liabilities | 532,649,660.64 | 442,571,907.66 | | Owner's Equity | | | | Total Owner's Equity Attributable to Parent Company | 4,301,926,534.20 | 4,017,287,971.62 | | Total Liabilities and Owner's Equity | 4,837,351,611.20 | 4,459,859,879.28 | Consolidated Income Statement In Q1 2022, operating revenue reached RMB 665,954,428.56, an 83.62% year-over-year increase, with total operating costs of RMB 348,257,475.84, up 80.94%, resulting in net profit attributable to the parent company of RMB 284,638,562.58, a 49.18% increase, and basic earnings per share of RMB 0.71 Key Income Statement Items | Key Income Statement Items (RMB) | Amount for Current Period (2022 Q1) | Amount for Prior Period (2021 Q1) | | :--- | :--- | :--- | | Total Operating Revenue | 665,954,428.56 | 362,683,330.08 | | Total Operating Costs | 348,257,475.84 | 192,479,640.06 | | Including: Operating Costs | 304,870,278.12 | 153,950,826.17 | | R&D Expenses | 7,529,154.46 | 17,017,031.27 | | Operating Profit | 335,857,377.51 | 213,436,135.79 | | Total Profit | 334,764,098.49 | 223,434,911.38 | | Net Profit | 284,613,978.94 | 190,808,378.51 | | Net Profit Attributable to Parent Company Owners | 284,638,562.58 | 190,808,378.51 | | Basic Earnings Per Share | 0.71 | 0.48 | Consolidated Cash Flow Statement In Q1 2022, net cash flow from operating activities was RMB 279,141,640.65, a 130.33% year-over-year increase driven by increased cash from sales, while net cash flow from investing activities significantly improved to RMB 122,229,727.98 from a prior year negative, with period-end cash and cash equivalents at RMB 553,389,470.68 Key Cash Flow Items | Key Cash Flow Items (RMB) | Amount for Current Period (2022 Q1) | Amount for Prior Period (2021 Q1) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 279,141,640.65 | 121,190,172.35 | | Net Cash Flow from Investing Activities | 122,229,727.98 | -1,396,405,076.83 | | Net Cash Flow from Financing Activities | -4,483,827.38 | 0.00 | | Net Increase in Cash and Cash Equivalents | 396,613,320.38 | -1,274,894,870.65 | | Cash and Cash Equivalents at Period-end | 553,389,470.68 | 220,369,283.53 | Audit Report Audit Opinion The company's Q1 2022 report is unaudited - The company's first-quarter report is unaudited[38]