CAHIC(600195)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥1,123,215,357.53, a decrease of 12.93% compared to the same period last year[5] - Net profit attributable to shareholders was ¥134,110,195.38, down 17.06% year-on-year[5] - Basic earnings per share were ¥0.1320, reflecting a decrease of 17.09% year-on-year[5] - Total operating revenue for Q1 2022 was approximately 1.29 billion in Q1 2021[30] - Net profit for Q1 2022 was approximately 180.53 million in Q1 2021[32] Cash Flow - The net cash flow from operating activities was -¥261,001,755.79, an increase of 15.71% compared to the previous year[5] - Cash flow from operating activities for Q1 2022 was negative at approximately -225 million in Q1 2021[36] - Net cash flow from investing activities was -112,522,587.31, compared to -26,822,088.85 in the previous period[38] - Cash inflow from financing activities totaled 94,992,101.57, up from 30,725,246.20 in the prior period[38] - Net cash flow from financing activities was 30,445,666.79, compared to 10,125,733.71 in the last period[38] - The net increase in cash and cash equivalents was -342,936,872.22, compared to -242,246,762.06 in the previous period[38] - The ending balance of cash and cash equivalents was 861,785,216.50, compared to 770,073,268.47 at the end of the previous period[38] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,770,576,517.08, an increase of 4.49% from the end of the previous year[5] - Total liabilities amounted to CNY 1,732,227,637.18, up from CNY 1,562,752,238.50, indicating an increase of approximately 10.9%[26] - The company's total equity increased to CNY 6,038,348,879.90 from CNY 5,873,853,182.78, showing a growth of about 2.8%[26] - As of March 31, 2022, total current assets amounted to CNY 3,090,088,287.82, an increase from CNY 2,839,932,650.33 in the previous year[21] - Total non-current assets reached CNY 4,680,488,229.26, compared to CNY 4,596,672,770.95 in the previous year[24] Shareholder Equity - Shareholders' equity attributable to shareholders was ¥5,071,376,309.04, up 3.21% compared to the previous year[8] - The company’s retained earnings grew to CNY 3,076,213,213.57 from CNY 2,942,103,018.19, an increase of approximately 4.6%[26] Expenses - Research and development expenses for Q1 2022 were approximately 24.89 million in Q1 2021[30] - Sales expenses for Q1 2022 decreased to approximately 91.53 million in Q1 2021, a reduction of 34.7%[30] - Management expenses for Q1 2022 were approximately 70.21 million in Q1 2021[30] Other Financial Metrics - The weighted average return on net assets was 2.26%, a decrease of 1.28 percentage points year-on-year[5] - Other income rose by 292.68%, mainly due to increased government subsidies related to R&D projects[12] - The company reported a significant increase in prepayments by 187.64%, primarily due to increased supplier procurement prepayments[12] - Short-term borrowings increased by 44.38%, mainly due to increased short-term bank credit loans[12] - Accounts receivable rose significantly to CNY 897,551,899.54, up from CNY 542,570,625.19, indicating a growth of approximately 65.5%[21] - Inventory increased to CNY 935,473,713.35 from CNY 879,086,482.25, reflecting a growth of about 6.4%[21] - The company reported a significant increase in other receivables, which rose to CNY 44,922,303.54 from CNY 34,358,964.06, a growth of approximately 30.7%[21] - Short-term borrowings increased to CNY 166,039,461.74 from CNY 115,000,000.00, reflecting a growth of about 44.5%[24] - Investment income for Q1 2022 was approximately 65.80 million in Q1 2021[30] - Other comprehensive income after tax for Q1 2022 was approximately 6.86 million in Q1 2021[32] Accounting Standards - The company has adopted new accounting standards starting from 2022[38]