Securities code: Guizhou Chanhen Chemical Corporation(002895) securities abbreviation: Guizhou Chanhen Chemical Corporation(002895) Announcement No.: 2022045 convertible bond Code: 127043 convertible bond abbreviation: CHUANHENG convertible bond
Guizhou Chanhen Chemical Corporation(002895)
First quarter report 2022
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete
False records, misleading statements or material omissions. Important content tips: 1. The board of directors, the board of supervisors, directors, supervisors and senior managers guarantee that the quarterly report is true, accurate and complete without false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 2. The person in charge of the company, the person in charge of accounting and the person in charge of the accounting organization (Accounting Supervisor) declare that they guarantee the authenticity, accuracy and completeness of the financial information in the quarterly report. 3. Whether the first quarter report has been audited. □ yes √ No 1. Main financial data (I) main accounting data and financial indicators does the company need to retroactively adjust or restate the accounting data of previous years □ yes √ no
Increase or decrease in the reporting period compared with the same period of the previous year
Operating income (yuan): 6085052469438728759059 57.12%
Net profit attributable to shareholders of listed company (yuan) 104100108693411621833 205.13%
Net profit attributable to shareholders of listed company after deducting non recurring loss 102320919802399858827 326.36% (yuan)
Net cash flow from operating activities (yuan): 26579353 -5190539593 100.51%
Basic earnings per share (yuan / share) 0.2133 0.0705202.55%
Diluted earnings per share (yuan / share) 0.2131 0.0698205.30%
Weighted average return on net assets 2.88%, 1.15%, 1.73%
Increase or decrease at the end of the reporting period compared with the end of the previous year
Total assets (yuan): 802239526307692294248495 15.88%
Owner’s equity attributable to shareholders of listed company (yuan): 36687810075535593 Shenzhen Dvision Co.Ltd(300167) 8 3.08%
（2） Non recurring profit and loss items and amount √ applicable □ not applicable
Unit: Yuan
Description of the amount of the project in the current reporting period
Gains and losses on disposal of non current assets (including the write off part of the provision for asset impairment) -1404588
Government subsidies included in current profits and losses (closely related to the company’s normal business, consistent with
Government subsidy 138630465 in accordance with national policies and regulations and in accordance with certain standard quota or quota
Except for the effective hedging business related to the normal business of the company, the holding transaction
Profit and loss from changes in fair value arising from trading financial assets and trading financial liabilities, and 116973608
Investment income from disposal of trading financial assets, trading financial liabilities and available for sale financial assets
Other non operating income and expenditure other than the above -50858349
Less: income tax impact 27252290
Influence amount of minority shareholders’ equity (after tax) -1830043
Total 177918889–
Details of other profit and loss items that meet the definition of non recurring profit and loss: □ applicable √ not applicable. The company does not have details of other profit and loss items that meet the definition of non recurring profit and loss. Description of defining the non recurring profit and loss items listed in the explanatory announcement on information disclosure of companies offering securities to the public No. 1 – non recurring profit and loss as recurring profit and loss items □ applicable √ not applicable the company does not define the non recurring profit and loss items listed in the explanatory announcement on Information Disclosure of companies offering securities to the public No. 1 – non recurring profit and loss as recurring profit and loss items.
（3） Changes and reasons of main accounting data and financial indicators √ applicable □ not applicable
1. Changes and main reasons of main accounting data and financial indicators
(1) The operating revenue increased by 57.12% year-on-year, mainly due to the increase in the sales unit price of the company’s main products and the increase in the sales revenue of self-produced phosphate rock and phosphoric acid.
(2) The net profit attributable to shareholders of listed companies increased by 205.13% year-on-year, mainly due to the increase of gross profit margin and operating income.
(3) The net profit attributable to shareholders of listed companies after deducting non recurring profit and loss increased by 326.36% year-on-year, which was caused by the year-on-year increase of net profit attributable to shareholders of listed companies and the year-on-year decrease of non recurring profit and loss.
(4) The net cash flow from operating activities increased by 100.51% year-on-year, mainly due to the increase in operating income and the year-on-year increase in cash received from the sale of goods and the provision of labor services.
(5) Basic earnings per share increased by 202.55% year-on-year, mainly due to the year-on-year increase in net profit attributable to shareholders of listed companies.
(6) Diluted earnings per share increased by 205.3% year-on-year, mainly due to the year-on-year increase in net profit attributable to shareholders of listed companies.
2. Changes and main reasons of balance sheet items compared with the end of the previous year
(1) Monetary capital increased by 69.01%, mainly due to the increase in operating income and bank loans during the reporting period.
(2) Trading financial assets decreased by 100%, which was due to the recovery of structured deposit products at the end of the reporting period.
(3) The subject of derivative financial assets decreased by 61.83%, mainly due to the partial maturity of the forward foreign exchange settlement agreement at the end of the previous year.
(4) The decrease of 55.22% in the accounts receivable financing account is due to the decrease in the business model of the company to manage such notes receivable, which aims at both receiving contract cash flow and selling.
(5) Prepayments increased by 101.14%, mainly due to the increase in prepayments for raw materials and trade commodities.
(6) The project under construction increased by 73.58%, which was due to the increase of project investment and special materials for engineering in the reporting period.
(7) Short term loans increased by 84.52%, mainly due to the needs of production and operation and the addition of Fuquan sub branch of Bank of China, Fuquan sub branch of Agricultural Bank of China and Bank Of Communications Co.Ltd(601328) short-term loans. (8) Accounts payable decreased by 30.79%, mainly due to the decrease of Engineering accounts payable.
(9) The subject of employee compensation payable decreased by 51.13%, mainly due to the payment of year-end bonus and other compensation payable at the end of the previous year in the reporting period.
(10) The tax payable decreased by 70.85%, mainly due to the payment of enterprise income tax at the end of last year in the reporting period.
(11) Other accounts payable increased by 118.13%, mainly due to the company’s implementation of equity incentive plan and new equity incentive repurchase obligations during the reporting period.
(12) Other accounts payable – interest payable increased by 63.38%, mainly due to the increase of accrued interest on unpaid convertible bonds.
(13) Long term loans increased by 79.08%, mainly due to the addition of long-term loans from Fuquan branch of China Construction Bank and Guangxi Beibu Gulf Bank.
(14) Treasury shares increased by 339345%, mainly due to the newly added treasury shares in the equity incentive plan during the reporting period.
(15) The special reserve account decreased by 37.39%, which was due to the increase of work safety expenses used in the reporting period.
(16) Minority shareholders’ equity increased by 119.27%, mainly due to the investment of minority shareholders’ capital in holding subsidiaries.
3. Changes and main reasons of income statement accounts compared with the same period of last year
(1) The operating revenue increased by 57.12% year-on-year, mainly due to the increase in the sales unit price of the company’s main products and the increase in the sales revenue of self-produced phosphate rock and phosphoric acid.
(2) The operating cost increased by 37.34% year-on-year, mainly due to the increase in the unit cost of sales of the company’s main products and the addition of phosphoric acid sales cost.
(3) Taxes and surcharges increased by 225.67% year-on-year, mainly due to the year-on-year increase of resource tax.
(4) The sales expenses decreased by 62.78% year-on-year, mainly due to the inclusion of contract related transportation expenses into operating costs during the reporting period in accordance with the Q & a related to the implementation of the fifth batch of accounting standards for business enterprises in 2021 issued by the accounting department of the Ministry of finance.
(5) Administrative expenses increased by 74.46% year-on-year, mainly due to the year-on-year increase in employee compensation and equity incentive expenses.
(6) R & D expenses increased by 82.92% year-on-year, mainly due to the year-on-year increase in employee compensation and test materials.
(7) The financial expenses increased by 773509% year-on-year, mainly due to the year-on-year increase in the interest on loans and convertible bonds during the reporting period. The received loan discount interest in the same period of last year offset part of the loan interest, so the interest expenses were less.
(8) Other income decreased by 81.93% year-on-year, due to the year-on-year decrease in government subsidies received in the reporting period.
(9) Investment income increased by 789.81% year-on-year, mainly due to the year-on-year increase in investment income and financial income calculated by equity method.
(10) The income from changes in fair value increased by 147.15% year-on-year, which was due to the year-on-year increase in the income from changes in fair value generated by derivative financial instruments.
(11) The credit impairment loss decreased by 499.33% year-on-year, mainly due to the decrease in the balance of accounts receivable at the end of the reporting period compared with the end of the previous year.
(12) The income from asset disposal decreased by 106.35% year-on-year, which was a loss in the reporting period and an income in the same period of last year.
(13) Operating profit increased by 168.99% year-on-year, mainly due to the year-on-year increase in gross profit margin and operating income during the reporting period.
(14) Non operating income decreased by 34.27% year-on-year, mainly due to the decrease in compensation received during the reporting period.
(15) The total profit increased by 171.67% year-on-year, mainly due to the year-on-year increase in operating profit.
(16) Income tax expenses increased by 79.02% year-on-year, mainly due to the increase in total profits.
(17) The profit and loss of minority shareholders increased by 45.79% year-on-year, mainly due to the year-on-year increase in the net profit of holding subsidiaries. 2、 Shareholder information (I) total number of ordinary shareholders, number of preferred shareholders whose voting rights have been restored and shareholding of the top ten shareholders
Unit: shares
Total number of common shareholders at the end of the reporting period 37748 total number of preferred 0 shareholders whose voting rights were restored at the end of the reporting period (if any)
Shareholding of top 10 shareholders
