通业科技(300960) - 2022 Q1 - 季度财报

Key Financial Data Key Accounting Data and Financial Indicators In Q1 2022, the company's performance significantly declined, with operating revenue decreasing by 28.58% year-on-year, and net profit attributable to the parent company turning from profit to a loss of CNY 10.84 million, a substantial decrease of 339.30%; however, net cash flow from operating activities significantly improved, turning positive with a 148.70% year-on-year increase Key Financial Indicators for Q1 2022 | Indicator | Current Period | Same Period Last Year | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 33,827,828.80 | 47,364,167.28 | -28.58% | | Net Profit Attributable to Shareholders of Listed Company (CNY) | -10,838,833.93 | 4,529,440.09 | -339.30% | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-recurring Gains and Losses (CNY) | -11,300,843.32 | 4,017,486.46 | -381.29% | | Net Cash Flow from Operating Activities (CNY) | 8,635,390.88 | -17,732,024.50 | 148.70% | | Basic Earnings Per Share (CNY/share) | -0.11 | 0.06 | -283.33% | | Total Assets (CNY) | 890,579,764.86 | 929,635,819.97 | -4.20% (Compared to End of Previous Year) | | Total Equity Attributable to Shareholders of Listed Company (CNY) | 626,591,407.42 | 637,406,620.37 | -1.70% (Compared to End of Previous Year) | Non-recurring Gains and Losses and Their Amounts During the current reporting period, the company's total non-recurring gains and losses amounted to CNY 0.462 million, primarily from government grants and investment income from bank wealth management products Non-recurring Gains and Losses for Q1 2022 | Item | Amount (CNY) | Description | | :--- | :--- | :--- | | Government Grants | 162,314.67 | Primarily allocated from relevant government projects | | Investment Income from Financial Assets Held for Trading | 329,205.49 | Investment income from bank wealth management products | | Other Non-operating Income and Expenses | 52,020.30 | - | | Less: Income Tax Impact | 81,531.07 | - | | Total | 462,009.39 | - | Analysis of Changes in Key Financial Indicators and Their Reasons During the reporting period, several of the company's financial indicators showed significant changes; prepayments and construction in progress substantially increased due to fundraising project construction, while selling and R&D expenses grew significantly due to business expansion and increased investment, and net profit declined sharply due to a combination of decreased revenue and increased costs and expenses, with operating cash flow significantly improving due to enhanced collection efforts - Balance Sheet item changes: Prepayments significantly increased by 239.21% due to advance payments for infrastructure projects of Shijiazhuang subsidiary; Construction in progress significantly increased by 859.24% due to fundraising project construction[7] - Income Statement item changes: Selling expenses increased by 58.19% due to increased after-sales service fees; R&D expenses increased by 45.83% due to increased investment, staff salary adjustments, and recruitment of high-end talent[8][9] - Net profit attributable to the parent company decreased by 339.30% year-on-year, primarily due to decreased sales revenue, increased R&D investment, higher employee compensation, and increased after-sales service fees[9] - Net cash flow from operating activities increased by 148.70% year-on-year, mainly due to the sales department's strengthened collection efforts and reduced tax payments[9] Shareholder Information Common Shareholder Holdings As of the end of the reporting period, the company had a total of 11,553 common shareholders, with a relatively concentrated equity structure where the top three shareholders, Xie Wei, Shenzhen Nvidia Investment Management Partnership, and Xu Jianying, collectively held over 66% of shares, and shareholders Xie Wei and Xu Jianying are a married couple acting in concert - As of the end of the reporting period, the company had a total of 11,553 common shareholders[11] Top Five Shareholders' Holdings | Shareholder Name | Shareholding Percentage | Number of Shares Held (shares) | | :--- | :--- | :--- | | Xie Wei | 33.87% | 34,680,000 | | Shenzhen Nvidia Investment Management Partnership (Limited Partnership) | 19.92% | 20,400,000 | | Xu Jianying | 12.62% | 12,920,000 | | Shenzhen Jiaxiang Xinlian Technology Co., Ltd. | 6.86% | 7,028,650 | | Shenzhen Yingweidi Investment Development Co., Ltd. | 1.72% | 1,757,162 | - Shareholders Xu Jianying and Xie Wei are a married couple and have signed a "Concerted Action Agreement," forming a concerted party[12] Changes in Restricted Shares During the reporting period, the total number of restricted shares remained unchanged, with 76,785,812 shares at period-end, all being restricted shares prior to the initial public offering, expected to be lifted on March 29, 2024 - During the reporting period, the number of restricted shares did not change, with a total of 76,785,812 shares at period-end[14] - All restricted shares are pre-IPO restricted shares, with an expected lifting date of March 29, 2024[14] Other Significant Matters Other Significant Matters During the current reporting period, the company had no other significant matters requiring disclosure - The company had no other significant matters during the current reporting period[15] Quarterly Financial Statements Financial Statements This section provides the company's unaudited consolidated balance sheet, consolidated income statement, and consolidated cash flow statement for the first quarter of 2022 Consolidated Balance Sheet As of March 31, 2022, the company's total assets were CNY 891 million, a 4.20% decrease from the end of the previous year; total equity attributable to shareholders of the listed company was CNY 627 million, a 1.70% decrease from the end of the previous year, with major asset changes including a 31.19% decrease in cash and cash equivalents and a 164.00% increase in financial assets held for trading Key Balance Sheet Items (March 31, 2022 vs December 31, 2021) | Item | Period-end Balance (CNY) | Beginning-of-year Balance (CNY) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 890,579,764.86 | 929,635,819.97 | -4.20% | | Cash and Cash Equivalents | 218,751,307.32 | 317,915,874.56 | -31.19% | | Financial Assets Held for Trading | 132,000,000.00 | 50,000,000.00 | 164.00% | | Accounts Receivable | 185,743,000.00 | 194,615,752.41 | -4.56% | | Inventories | 167,124,146.40 | 160,229,571.14 | 4.30% | | Total Liabilities | 263,988,357.44 | 292,229,199.60 | -9.66% | | Total Equity | 626,591,407.42 | 637,406,620.37 | -1.70% | Consolidated Income Statement In Q1 2022, the company achieved operating revenue of CNY 33.83 million, a 28.58% year-on-year decrease; total operating costs were CNY 45.43 million, a 1.9% year-on-year increase, with selling expenses and R&D expenses growing by 58.19% and 45.83% respectively, resulting in a net loss attributable to the parent company of CNY 10.84 million, compared to a net profit of CNY 4.53 million in the same period last year Key Income Statement Items (Q1 2022 vs Q1 2021) | Item | Amount for Current Period (CNY) | Amount for Prior Period (CNY) | Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 33,827,828.80 | 47,364,167.28 | -28.58% | | Total Operating Costs | 45,432,785.52 | 44,588,634.01 | 1.90% | | Selling Expenses | 8,026,769.60 | 5,074,057.31 | 58.19% | | Research and Development Expenses | 11,781,939.17 | 8,079,329.38 | 45.83% | | Total Profit | -10,661,549.27 | 5,428,540.61 | -296.42% | | Net Profit Attributable to Owners of the Parent Company | -10,838,833.93 | 4,529,440.09 | -339.30% | | Basic Earnings Per Share | -0.11 | 0.06 | -283.33% | Consolidated Cash Flow Statement In Q1 2022, net cash flow from operating activities was CNY 8.64 million, a significant improvement from CNY -17.73 million in the same period last year; net cash outflow from investing activities was CNY 92.38 million, primarily for purchasing wealth management products and project construction; net cash outflow from financing activities was CNY 14.59 million, with cash and cash equivalents at period-end totaling CNY 211 million Key Cash Flow Statement Items (Q1 2022 vs Q1 2021) | Item | Amount for Current Period (CNY) | Amount for Prior Period (CNY) | Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 8,635,390.88 | -17,732,024.50 | 148.70% | | Net Cash Flow from Investing Activities | -92,376,880.51 | -74,174,729.60 | -24.54% | | Net Cash Flow from Financing Activities | -14,588,662.17 | 242,313,262.95 | -106.02% | | Net Increase in Cash and Cash Equivalents | -98,330,151.80 | 150,406,508.85 | -165.38% | | Cash and Cash Equivalents at End of Period | 210,685,258.24 | 321,454,965.71 | -34.46% | Audit Report The company's first quarter 2022 report is unaudited - The company's first quarter report is unaudited[26]