Financial Performance - The company's operating revenue for Q1 2022 was ¥110,821,704.03, a decrease of 21.17% compared to ¥140,578,880.68 in the same period last year[4] - Net profit attributable to shareholders was ¥20,474,513.04, down 32.60% from ¥30,378,491.55 year-on-year[4] - Basic and diluted earnings per share were both ¥0.14, a reduction of 50.00% from ¥0.28 in the same period last year[4] - The weighted average return on equity decreased to 2.43%, down 5.02% from 7.45% in the previous year[4] - Total operating revenue for Q1 2022 was CNY 110,821,704.03, a decrease from CNY 140,578,880.68 in the previous period[25] - Net profit for Q1 2022 was CNY 20,474,513.04, down from CNY 30,378,491.55 in the same period last year, representing a decline of approximately 32.5%[27] - Earnings per share (EPS) for Q1 2022 was CNY 0.14, compared to CNY 0.28 in the previous year[27] - The company reported a profit before tax of CNY 24,152,648.27, down from CNY 35,739,401.84 in the previous year[26] Cash Flow - The net cash flow from operating activities was ¥35,190,035.39, reflecting a decline of 20.95% compared to ¥44,515,472.00 in the previous year[4] - The cash inflow from operating activities for Q1 2022 was CNY 112,136,321.24, a decrease of 10.8% compared to CNY 125,670,534.92 in Q1 2021[30] - The net cash outflow from operating activities was CNY 35,190,035.39, down from CNY 44,515,472.00 in the same period last year, representing a decline of 21.5%[30] - The cash inflow from investment activities totaled CNY 250,932,445.91, significantly higher than CNY 127,311,711.51 in Q1 2021, marking an increase of 96.8%[30] - The net cash outflow from investment activities was CNY 24,237,824.09, an improvement compared to CNY 122,085,724.71 in Q1 2021[30] - The cash and cash equivalents at the end of Q1 2022 stood at CNY 102,501,992.37, up from CNY 51,060,051.00 at the end of Q1 2021, reflecting a year-over-year increase of 100.5%[31] - The company reported a total cash inflow from operating activities of CNY 112,136,321.24, while cash outflow was CNY 76,946,285.85, resulting in a net cash flow of CNY 35,190,035.39[30] - The company’s cash inflow from investment activities included CNY 250,000,000.00 from recovered investments, which is a notable increase from CNY 127,000,000.00 in the previous year[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,052,342,999.18, an increase of 1.40% from ¥1,037,858,758.32 at the end of the previous year[4] - The company's total assets as of March 31, 2022, amount to CNY 1,052,342,999.18, an increase from CNY 1,037,858,758.32 at the beginning of the year[22] - Cash and cash equivalents at the end of the reporting period are CNY 479,345,505.64, up from CNY 468,991,705.84 at the beginning of the year[21] - The company's total current assets are CNY 976,372,516.96, compared to CNY 959,857,942.05 at the start of the year, reflecting a growth of approximately 1.1%[21] - The total liabilities decreased to CNY 199,633,066.22 from CNY 205,893,896.87[26] - The total liabilities include accounts payable of CNY 85,286,604.63, which is relatively stable compared to CNY 85,343,637.33 at the beginning of the year[22] - Total equity increased to CNY 852,709,932.96 from CNY 831,964,861.45, indicating a growth of approximately 2.2%[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,042[15] - The largest shareholder, Yantai Mingxiang Holdings Co., Ltd., holds 47.93% of shares, totaling 70,162,200 shares[15] - The total number of restricted shares at the end of the period is 109,800,000, with 1,887,144 shares released from restrictions during the period[18] Market Conditions - The company's main raw material prices continued to rise, leading to increased operating costs[9] - The commercial vehicle market faced significant pressure, with production and sales down 29.7% and 31.7% respectively in Q1 2022 compared to the previous year[8] Corporate Activities - The company held its first temporary shareholders' meeting on January 24, 2022, to elect the board of directors and supervisory board[19] - The company has not reported any new product or technology developments in the current quarter[19] - The company has not disclosed any mergers or acquisitions in the current reporting period[19] - The company did not conduct an audit for the Q1 2022 report, indicating that the figures presented are unaudited[32] Research and Development - Research and development expenses rose to CNY 6,139,265.08 from CNY 4,994,949.14, reflecting an increase of about 22.9%[26] - The company continues to focus on enhancing its product offerings and market expansion strategies, although specific new products or technologies were not detailed in the reports[28]
密封科技(301020) - 2022 Q1 - 季度财报