工业富联(601138) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 reached RMB 105.06 billion, representing a year-on-year increase of 6.79%[2] - Net profit attributable to shareholders was RMB 3.26 billion, up 2.11% compared to the same period last year[3] - The net profit after deducting non-recurring gains and losses was approximately RMB 3.10 billion, reflecting an 8.15% year-on-year growth[3] - Basic and diluted earnings per share were both RMB 0.16[3] - The total comprehensive income for Q1 2022 was 3,703,001, compared to 2,686,688 in Q1 2021, showing an increase of approximately 37.8%[17] - The total profit before tax for Q1 2022 was 3,666,176, slightly up from 3,610,446 in Q1 2021, an increase of approximately 1.6%[16] - The company achieved a net profit margin of 8.2% in Q1 2022, compared to 7.5% in the same period last year[21] Revenue and Costs - The total operating revenue for Q1 2022 was RMB 105,062,471, an increase from RMB 98,378,704 in Q1 2021, representing a growth of approximately 6.9%[14] - The total operating costs for Q1 2022 were RMB 101,379,783, compared to RMB 95,048,014 in Q1 2021, indicating an increase of about 6.9%[14] - Total revenue from operating activities was 115,960,844 in Q1 2022, compared to 122,301,226 in Q1 2021, reflecting a decline of approximately 5.5%[19] Cash Flow and Assets - The net cash flow from operating activities decreased significantly by 75.88%, amounting to RMB 1.76 billion[6] - The net cash flow from operating activities decreased to 1,756,798 in Q1 2022 from 7,284,969 in Q1 2021, a drop of about 76.1%[19] - Total assets at the end of the reporting period were RMB 267.63 billion, a slight increase of 0.38% from the previous year[3] - The company's total assets as of March 31, 2022, amounted to RMB 267,627,597, slightly up from RMB 266,608,775 at the end of 2021[13] - Cash and cash equivalents at the end of Q1 2022 were 79,605,723, down from 82,063,040 at the end of Q1 2021, a decrease of about 2.0%[20] - The cash and cash equivalents decreased to RMB 82,168,597 from RMB 82,877,051 year-over-year[11] Shareholder Information - Shareholders' equity attributable to the parent company was RMB 122.56 billion, up 2.84% year-on-year[3] - The top ten shareholders held a total of 96.43% of the shares, with China Galaxy Enterprise Limited being the largest shareholder at 36.71%[7] - The equity attributable to shareholders increased to RMB 122,898,615 from RMB 119,487,690, representing a growth of about 2.0%[14] Operational Challenges and Strategies - The company faced challenges from the pandemic, supply chain issues, and geopolitical changes but still achieved growth in various operational metrics[3] - Foxconn plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2025[21] - The company is investing 500 million CNY in R&D for new technologies, focusing on AI and IoT solutions[21] - Future guidance indicates expected revenue growth of 10-15% for the next quarter, driven by increased demand in the electronics sector[21] - Foxconn is exploring potential acquisitions to enhance its supply chain capabilities, with a budget of 1 billion CNY allocated for this purpose[21] - The company launched a new product line in Q1 2022, contributing an additional 1 billion CNY in revenue[21] - Foxconn's operational efficiency improved, with a reduction in production costs by 5% compared to the previous quarter[21] - The company aims to achieve carbon neutrality by 2030, with an investment of 300 million CNY in sustainable practices[21] Other Financial Metrics - Non-recurring gains and losses for the period totaled RMB 155.79 million, after accounting for tax and minority interests[5] - Research and development expenses for Q1 2022 were 2,406,023, down from 2,610,236 in Q1 2021, indicating a decrease of about 7.8%[16] - The company reported a goodwill of RMB 311,199, which was not present in the previous year[13] - The company reported a significant increase in other income, which rose to 211,939 in Q1 2022 from 133,963 in Q1 2021, marking an increase of about 58.0%[16] - The financial expenses for Q1 2022 were -202,689, compared to -119,975 in Q1 2021, indicating an increase in financial costs[16] Inventory and Receivables - Accounts receivable decreased to RMB 76,638,640 from RMB 87,029,697, reflecting a decline of approximately 12%[11] - Inventory increased to RMB 76,608,642 from RMB 71,927,837, showing a growth of about 6.5%[11] - The total liabilities decreased to RMB 144,728,982 from RMB 147,121,085, a reduction of approximately 1.7%[14] - The company has a non-current asset total of RMB 26,678,171, up from RMB 19,450,400 year-over-year, indicating a significant increase of approximately 37.5%[13]