Financial Performance - The company's revenue for Q1 2022 was ¥306,283,335.73, a decrease of 3.76% compared to ¥318,258,718.21 in the same period last year[3] - Net profit attributable to shareholders was ¥7,409,883.40, down 75.33% from ¥30,035,145.52 year-on-year[3] - Basic and diluted earnings per share were both ¥0.07, a decrease of 76.67% from ¥0.30 in the same period last year[3] - Total operating revenue for Q1 2022 was CNY 306,283,335.73, a decrease of 3.06% from CNY 318,258,718.21 in Q1 2021[20] - Net profit for Q1 2022 was CNY 7,409,883.40, down 75.3% compared to CNY 30,035,145.52 in Q1 2021[21] - Operating profit decreased significantly to CNY 7,185,973.89 from CNY 34,958,453.06, reflecting a decline of 79.5%[21] Cash Flow - The net cash flow from operating activities was -¥252,380,533.52, representing a significant decline of 1,547.99% compared to -¥15,314,484.65 in the previous year[3] - Cash flow from operating activities was CNY 288,497,251.00, down from CNY 359,256,726.64 in the previous year[24] - The company reported a total cash inflow from operating activities of 298,520,048.54 CNY, down from 369,065,975.58 CNY in the previous year[25] - The ending balance of cash and cash equivalents was 217,227,602.40 CNY, down from 462,140,152.22 CNY year-over-year, indicating a liquidity contraction[26] - The company experienced a decrease in cash and cash equivalents by 208,001,848.74 CNY during the quarter, compared to a decrease of 5,950,723.02 CNY in the previous year[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,445,046,284.19, down 7.40% from ¥1,560,478,817.11 at the end of the previous year[3] - Total liabilities decreased to CNY 280,989,024.74 from CNY 407,541,862.13, indicating a reduction of 30.9%[18] - The total current assets decreased from 1,171,729,820.92 CNY to 1,063,635,576.68 CNY, a reduction of approximately 9.2%[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,826[10] - The largest shareholder, Wang Mu, holds 45.00% of the shares, totaling 45,000,000 shares[10] - The company has a significant portion of its shares held by the top 10 shareholders, with the top three holding a combined 66.00%[10] - The total number of restricted shares at the end of the period is 69,375,000, with no shares released during the reporting period[13] Inventory and Receivables - The company reported a significant increase in accounts receivable by 33.86%, reaching ¥170,279,014.34 compared to ¥127,204,524.31 at the end of the previous year[7] - Inventory increased by 45.51% to ¥309,124,864.55, primarily due to tight shipping capacity and delayed deliveries from the previous year[7] - Accounts receivable increased from 127,204,524.31 CNY to 170,279,014.34 CNY, representing an increase of about 33.9%[16] - Inventory rose significantly from 212,440,082.31 CNY to 309,124,864.55 CNY, marking an increase of approximately 45.5%[16] Investment Activities - The company experienced a 431.67% increase in cash flow from investing activities, totaling ¥65,792,714.13, compared to ¥12,374,687.33 in the previous year[8] - Total cash inflow from investment activities was 335,709,489.06 CNY, slightly up from 332,574,436.99 CNY year-over-year[25] - The net cash flow from investment activities increased to 65,792,714.13 CNY from 12,374,687.33 CNY in the previous year, showing improved investment performance[25] - The company invested 2.15 million euros to acquire a 50% stake in Pinlive-Hochwald GmbH, enhancing its international presence[14] Operating Costs - Total operating costs increased to CNY 301,920,953.69, up 5.3% from CNY 285,891,270.57 in the previous year[20] - Sales expenses rose by 56.65% to ¥74,281,391.52, driven by increased agency fees and advertising costs for market promotion[7] - Cash paid for purchasing goods and services was 395,971,320.83 CNY, significantly higher than 279,490,310.48 CNY in the previous year, indicating increased operational costs[25] Research and Development - Research and development expenses were CNY 257,668.30, a decrease from CNY 330,250.39 in the previous year[21] Audit and Reliability - The company did not conduct an audit for the first quarter report, which may affect the reliability of the financial data presented[27]
品渥食品(300892) - 2022 Q1 - 季度财报