TCEPC(600874)2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was RMB 107,155.2 million, representing a year-on-year increase of 22.42%[6] - The net profit attributable to shareholders was RMB 19,539.5 million, up 17.85% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 17,902.1 million, reflecting a growth of 23.71% year-on-year[6] - Basic and diluted earnings per share were both RMB 0.14, an increase of 20.69% year-on-year[8] - The weighted average return on equity was 2.71%, an increase of 0.23 percentage points compared to the previous year[8] - Net profit for the first quarter of 2022 was CNY 201,587 thousand, an increase of 15.5% compared to CNY 174,492 thousand in the same period of 2021[28] - Operating profit reached CNY 260,744 thousand, up 25.2% from CNY 208,108 thousand year-over-year[28] - Total comprehensive income for the period was CNY 201,587 thousand, compared to CNY 174,492 thousand in Q1 2021, marking a 15.5% growth[30] Cash Flow and Liquidity - The net cash flow from operating activities reached RMB 21,235.5 million, a significant increase of 412.37% compared to the previous year[6] - The company reported a net cash inflow from operating activities of CNY 212,355 thousand, compared to CNY 41,446 thousand in the same quarter last year[34] - The net cash flow from financing activities was -62,420,000, indicating a significant decrease compared to the previous year's net cash flow of 1,671,386,000[36] - Cash and cash equivalents at the end of the period totaled 2,026,062,000, down from 2,393,239,000 in the previous year[36] - The cash balance at the beginning of the period was 2,093,556,000, compared to 1,652,657,000 in the previous year[36] Assets and Liabilities - Total assets at the end of the reporting period were RMB 2,108,999.8 million, a slight increase of 0.12% from the end of the previous year[8] - The equity attributable to shareholders was RMB 731,559.3 million, up 2.74% from the previous year[8] - Total liabilities as of March 31, 2022, were CNY 12,782,126 thousand, compared to CNY 12,961,222 thousand at the end of 2021, indicating a decrease of about 1.4%[24] - The company's non-current liabilities totaled CNY 9,439,334 thousand as of March 31, 2022, down from CNY 9,750,450 thousand at the end of 2021[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 60,888[12] - The company received government subsidies amounting to RMB 2,011.5 million during the reporting period[9] Operating Costs and Expenses - The total operating costs for Q1 2022 were CNY 828,905 thousand, up from CNY 699,111 thousand in Q1 2021, indicating an increase of about 18.5%[24] - Research and development expenses increased to CNY 2,375 thousand, representing a 42% rise from CNY 1,673 thousand in the previous year[28] - Sales expenses rose to CNY 7,006 thousand, a 55% increase from CNY 4,525 thousand year-over-year[28] - Financial expenses decreased to CNY 55,158 thousand from CNY 75,321 thousand, indicating a reduction of 26.8%[28] - The company incurred tax expenses of CNY 58,438 thousand, which is an increase of 73.2% from CNY 33,753 thousand in the previous year[28] Financing Activities - The total cash inflow from financing activities was 343,382,000, while the total cash outflow was 405,802,000, resulting in a net outflow[36] - The company repaid debts amounting to 324,143,000, which is an increase from 253,747,000 in the previous year[36] - Dividends and interest payments totaled 81,659,000, compared to 45,126,000 in the previous year, reflecting a significant increase[36] - The cash inflow from loans received was 341,167,000, a decrease from 1,969,769,000 in the previous year[36] Accounting and Regulatory Matters - The company plans to revise and resubmit its non-public issuance of A-shares for 2021, pending approval from the China Securities Regulatory Commission[16] - The company has adopted new accounting standards starting from 2022, which may affect financial reporting[36]