翔丰华(300890) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 reached ¥451,276,112.35, representing a 189.24% increase compared to ¥156,019,189.09 in the same period last year[3] - Net profit attributable to shareholders was ¥36,681,605.75, an increase of 82.43% from ¥20,107,150.54 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥35,590,498.50, up 103.91% from ¥17,454,128.78 in the previous year[3] - Total operating revenue for Q1 2022 reached ¥451,276,112.35, a significant increase from ¥156,019,189.09 in the same period last year, representing a growth of approximately 189.5%[19] - Net profit for Q1 2022 was ¥36,544,172.76, compared to ¥20,107,150.54 in Q1 2021, reflecting an increase of approximately 81.6%[20] - Basic earnings per share for Q1 2022 were ¥0.3668, up from ¥0.2011 in the previous year, marking an increase of about 82.2%[22] - The company reported a gross profit of ¥34,854,184.37 for Q1 2022, compared to ¥19,352,649.54 in Q1 2021, indicating a growth of approximately 80.2%[19] Assets and Liabilities - The company's total assets increased by 5.78% to ¥2,497,760,289.38 from ¥2,361,367,621.93 at the end of the previous year[3] - The total assets of Shenzhen Xiangfenghua Technology Co., Ltd. reached CNY 2,497,760,289.38 as of the end of the first quarter, an increase from CNY 2,361,367,621.93 at the beginning of the year, representing a growth of approximately 5.76%[16] - The company's current assets totaled CNY 1,631,552,520.19, up from CNY 1,579,644,102.96, indicating an increase of about 3.88%[16] - The total liabilities, including short-term loans, were CNY 263,219,170.31, up from CNY 237,832,893.78, indicating an increase of approximately 10.67%[16] - Total liabilities as of Q1 2022 amounted to ¥1,287,982,306.32, compared to ¥1,205,184,375.15 in the previous year, showing an increase of approximately 6.9%[18] - Total equity attributable to shareholders of the parent company was ¥1,200,538,266.26, up from ¥1,146,806,096.99, indicating a growth of about 4.7%[18] Cash Flow - Operating cash flow for the period was negative at -¥8,435,326.05, a decline of 133.99% compared to a positive cash flow of ¥24,820,502.59 in the previous year[3] - The net cash flow from operating activities was -8,435,326.05, a decrease compared to 24,820,502.59 in the previous year[25] - The company reported a total cash outflow from operating activities of 279,462,051.76, compared to 109,656,843.93 in the previous year[25] - Cash inflow from operating activities totaled ¥271,026,725.71, compared to ¥134,477,346.52 in the previous year, reflecting an increase of about 101.0%[24] - The total cash inflow from investment activities was 51,339,163.84, down from 90,469,830.27 in the same period last year[25] - The net cash flow from investment activities was -14,149,114.77, compared to -118,421,541.14 in the previous year[25] - The cash inflow from financing activities totaled 227,315,945.62, an increase from 119,155,973.78 year-over-year[25] - The net cash flow from financing activities was -35,760,739.11, compared to -6,491,724.24 in the previous year[25] - The ending balance of cash and cash equivalents was 38,305,933.20, down from 64,904,719.14 at the end of the previous year[26] - The cash and cash equivalents decreased by 58,336,635.59 during the quarter, compared to a decrease of 100,047,604.05 in the previous year[25] Research and Development - Research and development expenses increased by 139.37% to ¥16,225,241.10, driven by stock incentive costs and ongoing R&D activities[8] - Research and development expenses for Q1 2022 were ¥16,225,241.10, compared to ¥6,778,172.31 in the same period last year, representing an increase of approximately 139.5%[19] - The company plans to establish a headquarters and five innovation research centers in Shanghai, aiming to enhance R&D capabilities and promote industrial development[13] - The company has approved a plan to issue stocks to specific investors to accelerate innovation in graphite and graphene new materials[13] Operating Costs - The company reported a significant increase in operating costs, which rose by 215.82% to ¥359,208,410.82, primarily due to increased sales volume in the electric vehicle sector[8] - Operating costs for the same period were ¥416,421,927.98, up from ¥136,666,539.55, indicating a rise of about 204.5%[19] Government Support and Strategic Partnerships - The company received government subsidies amounting to ¥804,147.77 during the quarter, which were included in the current period's profit[5] - The company has established relationships with various investment firms, indicating potential strategic partnerships for future growth[12]