Financial Performance - The company's operating revenue for the first quarter reached CNY 6,192,440,410.38, representing a year-on-year increase of 4.20% compared to CNY 5,267,071,876.84 in the same period last year[2] - Net profit attributable to shareholders was CNY 1,376,869,097.74, a significant increase of 66.21% from CNY 827,503,592.29 in the previous year[2] - Basic earnings per share rose to CNY 0.1031, reflecting a growth of 53.19% from CNY 0.0668 in the previous year[2] - Operating profit for Q1 2022 reached RMB 1,633,230,265.13, up from RMB 1,011,263,934.51 in Q1 2021, representing a growth of 61.5%[23] - Net profit for Q1 2022 was RMB 1,376,869,097.74, compared to RMB 828,369,045.41 in Q1 2021, indicating a year-on-year increase of 66.0%[23] Cash Flow - The net cash flow from operating activities surged to CNY 4,136,971,185.16, marking a remarkable increase of 719.75% compared to CNY 1,281,474,448.07 in the same period last year[2] - The net cash flow from operating activities for Q1 2022 was CNY 4.14 billion, compared to CNY 504.66 million in Q1 2021, indicating a substantial increase of approximately 717%[30] - Cash inflow from investment activities in Q1 2022 was CNY 3.41 billion, down from CNY 7.35 billion in Q1 2021, a decrease of approximately 53%[32] - The net cash flow from financing activities in Q1 2022 was negative CNY 3.06 billion, compared to negative CNY 711 million in Q1 2021, indicating a worsening of financing conditions[32] - The cash inflow from sales of goods and services in Q1 2022 was CNY 6.99 billion, an increase from CNY 4.84 billion in Q1 2021, reflecting a growth of approximately 44.4%[30] Assets and Liabilities - The total assets at the end of the reporting period were CNY 131,816,171,892.31, showing a slight decrease of 0.60% from CNY 132,616,320,517.55 at the end of the previous year[2] - The total liabilities decreased slightly to CNY 99.25 billion from CNY 99.93 billion, a reduction of approximately 0.68%[14] - Current liabilities totaled CNY 53.50 billion, a slight decrease from CNY 53.88 billion, indicating a reduction of about 0.71%[13] - The company's total equity decreased to RMB 44,388,375,523.61 as of March 31, 2022, from RMB 45,875,497,840.38 at the end of 2021, a decline of 3.2%[20] - Total liabilities increased to RMB 30,012,183,938.94 as of March 31, 2022, from RMB 26,668,957,223.24 as of December 31, 2021, reflecting a rise of 8.9%[20] Shareholder Information - China Shipping Group Co., Ltd. directly holds 4,628,015,690 shares, accounting for 34.06% of the total share capital[8] - China Ocean Shipping Group Co., Ltd. holds 47,570,789 shares, representing 0.35% of the total share capital[8] - China Ocean Shipping Investment Holdings Co., Ltd. owns 1,447,917,519 shares, which is 10.66% of the total share capital[8] - The total shares held by the three major shareholders amount to 6,123,503,998 shares, constituting 45.07% of the total share capital[8] Research and Development - Research and development expenses increased by 270.92%, indicating a strong focus on technology updates and development[4] - Research and development expenses for Q1 2022 were RMB 7,270,083.00, significantly higher than RMB 1,960,003.74 in Q1 2021, showing an increase of 270.0%[22] Other Financial Metrics - The weighted average return on net assets improved by 1.28 percentage points, reaching 4.87% compared to 4.15% in the previous year[2] - Non-operating income decreased by 84.60%, primarily due to a reduction in income from the disposal of non-current assets[4] - The company reported a significant increase in receivables from insurance agency business, with a year-on-year growth of 188.72%[4] - The company reported other income of RMB 27,710,221.35 in Q1 2022, a significant increase from RMB 7,089,487.12 in Q1 2021, reflecting a growth of 290.5%[23] Cash and Cash Equivalents - Cash and cash equivalents decreased to 17,867,649,773.64 RMB from 18,019,560,160.08 RMB[11] - The cash and cash equivalents at the end of Q1 2022 stood at CNY 17.70 billion, a decrease from CNY 10.32 billion at the end of Q1 2021[32] - The total cash and cash equivalents at the end of Q1 2022 reached ¥6.23 billion, compared to ¥3.18 billion at the end of Q1 2021, reflecting a 96% increase[34] Governance and Oversight - The company emphasizes the importance of cautious investment decisions based on the quarterly report, which has not been reviewed by auditors[34] - The board of directors includes several executive and non-executive members, ensuring diverse oversight and governance[35]
中远海发(02866) - 2022 Q1 - 季度财报