瑞丰新材(300910) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥396,296,314.31, representing a 60.65% increase compared to ¥246,685,994.38 in the same period last year[5] - The net profit attributable to shareholders decreased by 12.47% to ¥51,528,931.61 from ¥58,867,300.35 year-on-year[5] - The net profit after deducting non-recurring gains and losses dropped by 61.06% to ¥22,542,951.19 compared to ¥57,895,172.21 in the previous year[5] - The gross profit margin for Q1 2022 was approximately 8.4%, down from the previous year's margin[26] - The company's net profit for Q1 2022 was not explicitly stated, but the increase in revenue suggests a positive trend in profitability[26] - The company reported a total comprehensive income of CNY 51,514,748.38, down from CNY 58,867,300.35, reflecting a decline of 12.5%[30] - Basic earnings per share for the first quarter were CNY 0.34, compared to CNY 0.39 in the same period last year, representing a decrease of 12.8%[30] Cash Flow - The company's cash flow from operating activities was negative at -¥27,683,115.95, worsening by 110.04% from -¥13,179,652.72 in the same quarter last year[5] - The net cash flow from operating activities for Q1 2022 was -27,683,115.95 RMB, a decrease of 110.04% compared to -13,179,652.72 RMB in Q1 2021, primarily due to increased procurement costs and rising accounts receivable[11] - The net cash flow from investing activities decreased by 79.05%, from 134,777,737.60 RMB in Q1 2021 to 28,242,001.24 RMB in Q1 2022, attributed to increased long-term investments[11] - The cash inflow from investment activities was CNY 162,117,713.01, while cash outflow was CNY 133,875,711.77, resulting in a net cash inflow of CNY 28,242,001.24[33] - The cash and cash equivalents at the end of the period amounted to CNY 1,161,522,894.05, down from CNY 1,534,544,880.43 at the end of the previous year[35] Assets and Liabilities - Total assets increased by 7.00% to ¥2,629,880,465.37 from ¥2,457,893,505.96 at the end of the previous year[5] - The total liabilities increased to CNY 395,961,030.15 from CNY 299,957,162.61, representing a growth of 32%[23] - The company's equity attributable to shareholders rose to CNY 2,233,919,435.22, compared to CNY 2,157,936,343.35, an increase of 3.5%[25] Inventory and Accounts Receivable - The company's inventory rose by 34.59% to ¥390,126,390.51, attributed to rising raw material prices and supply chain challenges[7] - Accounts receivable increased to CNY 208,082,276.37 from CNY 164,343,060.88, reflecting a growth of 26.6%[21] - Inventory levels rose to CNY 390,126,390.51, compared to CNY 289,865,084.96, indicating a 34.5% increase[21] Research and Development - Research and development expenses surged by 189.36% to ¥20,425,162.17, reflecting increased investment in innovation[9] - Research and development expenses for Q1 2022 were CNY 20,425,162.17, significantly higher than CNY 7,058,683.49 in the previous year, reflecting a focus on innovation[26] Financing Activities - The net cash flow from financing activities increased significantly by 343.27%, from -5,461,702.01 RMB in Q1 2021 to 13,286,771.62 RMB in Q1 2022, mainly due to bank loans obtained during the period[11] - The company received CNY 18,955,500.00 from borrowings during the financing activities[33] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,721, with the top ten shareholders holding a combined 66.22% of shares[12] - The largest shareholder, Guo Chunxuan, held 37.22% of shares, amounting to 55,833,133 shares[12] Other Financial Metrics - The company incurred a total operating expense of CNY 437,872,935.17, compared to CNY 251,107,500.75 in the previous year, marking an increase of 74.4%[33] - The company recorded a foreign exchange loss of CNY 14,183.23 during the quarter[30] - The company is focusing on strategic procurement in response to raw material price fluctuations, which has impacted cash flow[11] - The increase in employee compensation and related payments also contributed to the negative cash flow from operating activities[11] - The company plans to continue expanding its market presence and investing in long-term projects[11]