德宏股份(603701) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥127,649,105.42, representing a decrease of 20.62% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥5,800,506.41, down 60.49% year-on-year[5]. - The diluted earnings per share were ¥0.02, reflecting a decline of 66.67% compared to the previous year[6]. - The total operating costs for Q1 2022 were approximately ¥118.92 million, down 17.7% from ¥144.52 million in Q1 2021[23]. - Net profit for Q1 2022 was approximately ¥6.23 million, a decline of 57.6% compared to ¥14.69 million in Q1 2021[24]. - The total comprehensive income for Q1 2022 was approximately ¥6.23 million, significantly lower than ¥14.69 million in Q1 2021[24]. Cash Flow and Assets - The net cash flow from operating activities was ¥4,547,875.02, with an increase in cash collections from operating revenue[5][9]. - The company's cash and cash equivalents decreased to RMB 92,002,359.73 from RMB 125,635,092.07 at the end of 2021, reflecting a decline of approximately 26.9%[17]. - Cash and cash equivalents at the end of Q1 2022 totaled approximately ¥89.30 million, down from ¥119.63 million at the end of Q1 2021[29]. - The net cash flow from operating activities for Q1 2022 was approximately ¥4.55 million, recovering from a negative cash flow of ¥5.52 million in Q1 2021[28]. - Investment activities resulted in a net cash outflow of approximately ¥38.17 million in Q1 2022, compared to a net inflow of ¥26.59 million in Q1 2021[29]. Assets and Liabilities - Total assets at the end of the reporting period were ¥995,248,169.85, an increase of 3.81% from the end of the previous year[6]. - As of March 31, 2022, the company's total assets amounted to RMB 995,248,169.85, an increase from RMB 958,688,806.17 at the end of 2021[19]. - The company's total current liabilities as of March 31, 2022, were RMB 188,890,257.32, compared to RMB 164,615,182.10 at the end of 2021, showing an increase of approximately 14.7%[19]. - The company's total liabilities reached RMB 238,770,946.60, an increase from RMB 214,301,964.52 at the end of 2021, representing a rise of approximately 11.4%[19]. - The non-current assets totaled RMB 460,224,709.90, up from RMB 406,150,000.39 at the end of 2021, reflecting an increase of about 13.3%[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,456[11]. - The largest shareholder, Ningbo Zhenhai Investment Co., Ltd., held 30.14% of the shares, totaling 78,780,000 shares[12]. Market Context - The domestic commercial vehicle production and sales in January to March 2022 were 985,000 and 965,000 units, respectively, representing a year-on-year decline of 29.7% and 31.7%[14]. - The decrease in net profit was primarily due to a decline in sales revenue and rising raw material costs[9]. Research and Development - The company incurred research and development expenses of approximately ¥4.89 million in Q1 2022, a decrease of 12.7% from ¥5.60 million in Q1 2021[23]. Acquisitions - The company completed the acquisition of a 60% stake in Chongqing Plai En Zhongli Auto Parts Co., Ltd. for RMB 63 million on March 18, 2022[14].