2022-04-27 11:44Financial Performance - Revenue for Q1 2022 reached RMB 66.83 billion, a 63.02% increase compared to RMB 40.99 billion in the same period last year[2] - Net profit attributable to shareholders was RMB 808.41 million, up 240.59% from RMB 237.36 million year-on-year[2] - Basic and diluted earnings per share were both RMB 0.28, reflecting a 250% increase from RMB 0.08 in the same period last year[2] - Operating profit for the current period was RMB 1.06 billion, up 64.2% from RMB 646.4 million in the previous period[22] - Net profit for the current period was RMB 911.51 million, representing an increase of 78.5% compared to RMB 511.05 million in the previous period[23] - Total comprehensive income for the current period was RMB 855.37 million, significantly higher than RMB 197.31 million in the previous period[25] Cash Flow - Net cash flow from operating activities surged to RMB 11.93 billion, an increase of 8,312.29% from RMB 141.86 million in the previous year[2] - The net cash flow from operating activities for Q1 2022 was ¥11,933,340,000, a significant increase of 8,312.29% compared to ¥141,856,000 in Q1 2021, primarily due to increased cash received from sales of goods and services[8] - Operating cash inflow for the current period reached CNY 66.16 billion, a significant increase from CNY 35.18 billion in the previous period, representing an increase of 88.1%[27] - Cash received from sales of goods and services was CNY 63.41 billion, up from CNY 32.38 billion, marking a growth of 96.1%[27] - Cash outflow from investment activities totaled CNY 16.99 billion, up from CNY 7.00 billion in the previous period, reflecting increased investment efforts[28] - Net cash flow from financing activities was -CNY 7.25 billion, compared to a positive CNY 20.44 billion in the previous period, indicating a shift in financing strategy[28] Assets and Liabilities - Total assets as of March 31, 2022, amounted to RMB 317.07 billion, a 7.20% increase from RMB 295.78 billion at the end of the previous year[2] - Current assets totaled RMB 174.20 billion, up from RMB 166.11 billion, indicating a growth of about 4.5%[17] - Total liabilities reached RMB 211.70 billion, compared to RMB 191.54 billion at the start of the year, marking an increase of around 10.5%[20] - The company's total liabilities decreased by 34.07% for non-current liabilities due within one year, amounting to RMB 8.56 billion, down from RMB 12.98 billion[6] - The company's cash and cash equivalents stood at RMB 42.18 billion, down from RMB 50.46 billion, a decline of approximately 16.4%[17] Research and Development - The company reported a significant increase in research and development expenses, totaling RMB 2.36 billion, a 93.94% rise from RMB 1.22 billion year-on-year[7] - Research and development expenses increased to RMB 2.36 billion, up 94.0% from RMB 1.22 billion in the previous period[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 405,607, with 29.97% held by HKSCC NOMINEES LIMITED and 17.64% by Wang Chuanfu[11] - Wang Chuanfu held 513,623,850 shares, representing 17.64% of the total shares, while Lu Xiangyang held 239,228,620 shares, accounting for 8.22%[11] Investment Activities - The net cash flow from investing activities in Q1 2022 was -¥12,596,291,000, representing a 162.55% increase in cash outflow compared to -¥4,797,704,000 in Q1 2021, mainly due to increased cash payments for the construction of fixed assets, intangible assets, and other long-term assets[8] - The increase in cash outflow from investing activities suggests ongoing investments in fixed and intangible assets, reflecting the company's growth strategy[8] Tax and Expenses - The company experienced a 149.10% increase in taxes and surcharges, totaling RMB 1.11 billion, compared to RMB 445.46 million in the same period last year[7] - The company reported a tax expense of RMB 142.95 million, slightly down from RMB 145.05 million in the previous period[23] - The company reported a decrease in financial expenses, with interest expenses at RMB 337.47 million, down from RMB 546.22 million in the previous period[22] - The company experienced a loss in investment income of RMB 200.53 million, compared to a loss of RMB 137.43 million in the previous period[22] Other Financial Metrics - The weighted average return on equity improved to 0.85%, up from 0.31% in the previous year[2] - Operating costs for Q1 2022 were RMB 58.54 billion, reflecting a 63.38% increase from RMB 35.83 billion in the same period last year[7] - The total operating costs for the current period were RMB 65.61 billion, an increase of 62.0% from RMB 40.50 billion in the previous period[22] - The company's contract liabilities surged to RMB 21.92 billion from RMB 14.93 billion, indicating a significant increase of approximately 46.8%[19]