环旭电子(601231) - 2022 Q1 - 季度财报

Revenue and Profit Growth - Revenue for Q1 2022 reached RMB 13,953,702,502.36, a 27.61% increase year-over-year[4] - Net profit attributable to shareholders of the listed company was RMB 438,949,141.54, up 79.40% year-over-year[4] - Total revenue for Q1 2022 reached RMB 1,395,370.25 million, a 27.61% increase YoY[12] - Total revenue for Q1 2022 reached 13.95 billion RMB, a 27.6% increase compared to 10.93 billion RMB in Q1 2021[18] - Net profit for Q1 2022 was 438.95 million RMB, up 79.4% from 244.70 million RMB in Q1 2021[18] - Operating profit rose by 60.4% to 499.57 million RMB in Q1 2022 compared to 311.42 million RMB in Q1 2021[18] EBITDA and Operating Performance - EBITDA for Q1 2022 was RMB 785.25 million, a 34.23% increase compared to the same period last year[5] - Cash flow from operating activities turned positive to RMB 1,693,989,778.99, compared to a negative RMB 217,236,055.57 in the same period last year[4] - Net cash flow from operating activities was RMB 1.69 billion, a significant improvement from a negative RMB 217.24 million in the same period last year[20] R&D and Financial Expenses - R&D expenses increased by 31.50% due to higher personnel costs and material costs for new product development[8] - Financial expenses surged by 188.77% primarily due to the recognition of interest expense amortization for convertible bonds[8] - R&D expenses increased by 31.5% to 387.94 million RMB in Q1 2022 compared to 295.00 million RMB in Q1 2021[18] - Interest expenses increased by 37.2% to 47.36 million RMB in Q1 2022 compared to 34.52 million RMB in Q1 2021[18] Asset and Liability Changes - Total assets decreased by 2.67% compared to the end of the previous year, standing at RMB 34,898,783,832.87[5] - Equity attributable to shareholders of the listed company increased by 2.52% to RMB 13,411,827,772.16[5] - Total assets decreased slightly to 34.90 billion RMB in Q1 2022 from 35.86 billion RMB in Q1 2021[17] - Total liabilities decreased to 21.49 billion RMB in Q1 2022 from 22.77 billion RMB in Q1 2021[17] - Total equity increased to 13.41 billion RMB in Q1 2022 from 13.08 billion RMB in Q1 2021[17] Cash Flow and Liquidity - Cash conversion cycle increased by 8 days to 53 days compared to the same period last year[5] - Cash and cash equivalents stood at RMB 6,735,119,182.52 as of March 31, 2022[16] - Inventory increased to RMB 10,574,210,702.39 as of March 31, 2022, up from RMB 9,037,562,662.64 at the end of 2021[16] - Sales of goods and services received cash of RMB 17.2 billion, a 21.9% increase compared to RMB 14.11 billion in the same period last year[20] - Cash received from investment returns increased to RMB 18.7 million, up from RMB 7.52 million in the previous year[20] - Cash outflow for investment activities was RMB 1.9 billion, compared to RMB 1.48 billion in the same period last year[21] - Net cash flow from financing activities was negative RMB 418.63 million, a sharp decline from RMB 3.52 billion in the same period last year[21] - Cash and cash equivalents at the end of the period were RMB 6.72 billion, down from RMB 9.36 billion in the same period last year[21] - Cash received from borrowing increased to RMB 3.89 billion, up from RMB 1.08 billion in the previous year[21] - Cash paid for the purchase of fixed assets, intangible assets, and other long-term assets was RMB 574.4 million, compared to RMB 268.73 million in the same period last year[20] - Cash received from tax refunds decreased to RMB 140.71 million, down from RMB 177.86 million in the previous year[20] - Cash paid for employee compensation and benefits was RMB 1.01 billion, a slight increase from RMB 968.17 million in the same period last year[20] Non-Recurring Items and Shareholder Information - Non-recurring gains and losses amounted to RMB 26,189,135.75, including government subsidies and gains from financial assets[7] - Total number of ordinary shareholders at the end of the reporting period is 54,290[10] - Huancheng Technology Co., Ltd. holds 1,683,749,126 shares, accounting for 76.17% of the total shares[10] Product Revenue Breakdown - Communications product revenue increased by 35.54% YoY to RMB 553,206.12 million in Q1 2022[12] - Consumer electronics product revenue grew by 15.65% YoY to RMB 398,954.79 million in Q1 2022[12] - Automotive electronics product revenue surged by 52.64% YoY to RMB 89,587.48 million in Q1 2022[12] Earnings Per Share and Comprehensive Income - Basic earnings per share increased to 0.20 RMB in Q1 2022 from 0.11 RMB in Q1 2021[19] - Other comprehensive income decreased to -90.86 million RMB in Q1 2022 from 61.56 million RMB in Q1 2021[19] PPA Impact and Revenue Growth Target - PPA impact on operating profit was RMB 1,235 million, accounting for 0.09% of revenue[13] - Q2 2022 revenue growth target is set at 20%-25% YoY[14]