SMEIC(600835)2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥3,957,043,299.51, representing a decrease of 15.02% compared to the same period last year[4] - The net profit attributable to shareholders was ¥165,646,612.99, down 34.28% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥166,296,692.86, a decrease of 30.99% compared to the previous year[4] - The basic earnings per share for the period was ¥0.16, reflecting a decline of 36.00% year-on-year[4] - In Q1 2022, the company's operating revenue and net profit both decreased year-on-year due to the impact of the pandemic[13] - Total operating revenue for Q1 2022 was approximately ¥3.96 billion, a decrease of 15% compared to ¥4.66 billion in Q1 2021[25] - Net profit for Q1 2022 was approximately ¥278 million, a decrease of 27.6% from ¥384 million in Q1 2021[27] - The company’s total comprehensive income attributable to shareholders was approximately ¥165.65 million in Q1 2022, compared to ¥252.05 million in Q1 2021, a decrease of 34.2%[30] - The company reported a profit before tax of approximately ¥322 million in Q1 2022, down from ¥438 million in Q1 2021, representing a decline of 26.6%[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥37,612,014,977.81, an increase of 1.08% from the end of the previous year[4] - The total assets increased from ¥37,211,624,416.36 at the end of 2021 to ¥37,612,014,977.81 at the end of Q1 2022, a rise of approximately 1.1%[19] - The total liabilities increased from ¥22,575,842,106.60 at the end of 2021 to ¥22,697,057,597.64 at the end of Q1 2022, reflecting a growth of about 0.5%[20] - The equity attributable to shareholders at the end of the reporting period was ¥12,481,215,085.35, up 1.35% from the previous year[4] Cash Flow - The net cash flow from operating activities was negative at -¥1,194,407,319.98, indicating a significant cash outflow[4] - Cash and cash equivalents decreased from ¥11,741,355,617.27 in Q1 2021 to ¥10,583,473,686.27 in Q1 2022, a decline of approximately 9.9%[16] - The net cash flow from operating activities was -1.45 billion in the previous period, indicating an improvement[33] - The net cash flow from investing activities was 123.39 million year-over-year[33] - The net cash flow from financing activities was 3.16 million in the previous period[33] - The total cash and cash equivalents at the end of the period stood at 6.70 billion in the previous year[33] - The company reported a net decrease in cash and cash equivalents of -1.33 billion in the prior period[33] Inventory and Receivables - Inventory increased by 8.03% primarily due to logistics constraints caused by the pandemic, delaying product shipments[7] - Accounts receivable increased from ¥3,833,034,674.20 in Q1 2021 to ¥4,017,214,035.60 in Q1 2022, representing a growth of about 4.8%[16] - Inventory rose from ¥9,381,861,037.89 in Q1 2021 to ¥10,135,064,701.85 in Q1 2022, an increase of approximately 8.0%[16] - Total current assets increased from ¥30,519,872,513.92 in Q1 2021 to ¥30,947,467,110.16 in Q1 2022, reflecting a growth of about 1.4%[16] Operational Adjustments - The company is actively participating in the construction of makeshift hospitals and ensuring the normal operation of elevator equipment during the pandemic[13] - The company has implemented an emergency maintenance mechanism to ensure timely maintenance and emergency rescue of elevator equipment across the country[13] - The company aims to recover the impact of the pandemic as quickly as possible after resuming work, ensuring to meet user delivery requirements[13] Expenses - Research and development expenses for Q1 2022 were approximately ¥90.54 million, a decrease of 25.7% from ¥121.82 million in Q1 2021[25] - Tax expenses for Q1 2022 were approximately ¥44.03 million, down from ¥53.54 million in Q1 2021, indicating a decrease of 17.7%[27] - The company’s financial expenses showed a slight improvement, with a net financial cost of approximately -¥40.91 million in Q1 2022 compared to -¥41.94 million in Q1 2021[25]