Camel Group(601311)2022-04-25 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥3,113,066,941.11, representing a decrease of 3.54% compared to the same period last year[5] - Net profit attributable to shareholders was ¥140,124,372.39, down 49.11% year-on-year[5] - The diluted earnings per share for the period was ¥0.12, reflecting a decline of 50.00% compared to the previous year[5] - The decline in net profit was primarily due to decreased sales of mainframe accessories and export limitations, along with rising costs of raw materials and labor[8] - The company reported a decrease in net profit after deducting non-recurring gains and losses by 45.49% year-on-year[13] - The operating profit for the first quarter of 2022 was approximately 175.96 million, down from 345.11 million in the first quarter of 2021, indicating a decline of about 49.1%[30] - The net profit for the first quarter of 2022 was approximately 144.32 million, down from 282.50 million in the first quarter of 2021, representing a decrease of about 48.9%[32] - The total comprehensive income for the first quarter of 2022 was approximately 144.46 million, compared to 129.13 million in the same period of 2021, reflecting an increase of about 11.9%[32] Assets and Liabilities - Total assets increased by 3.62% to ¥13,405,531,049.70 compared to the end of the previous year[8] - Current assets increased to CNY 6,690,695,839.35 as of March 31, 2022, up from CNY 6,261,844,538.80 at the end of 2021, representing a growth of 6.8%[21] - Total liabilities increased to CNY 4,448,989,495.28 from CNY 4,156,558,590.55, representing a rise of 7.0%[26] - Non-current assets totaled CNY 6,714,835,210.35, slightly up from CNY 6,675,356,555.34, showing a growth of 0.6%[24] - The company's total equity increased to CNY 8,956,541,554.42 from CNY 8,780,642,503.59, reflecting a growth of 2.0%[26] - The total equity attributable to shareholders increased by 2.02% to ¥8,658,663,663.29 compared to the end of the previous year[8] Cash Flow - The net cash flow from operating activities was negative at -¥345,168,965.43, indicating a significant cash outflow[5] - The cash flow from operating activities for the first quarter of 2022 was negative at approximately -345.17 million, compared to -390.17 million in the first quarter of 2021, showing an improvement of about 11.5%[35] - Cash and cash equivalents at the end of the period reached 680,111,306.79 at the end of the previous period, marking an increase of 109%[37] - The net increase in cash and cash equivalents was 7,766,787.90 in the prior period[37] - Cash flow from investing activities totaled 456,477,770.32 in the previous period[37] - The company reported a net cash flow from investing activities of 189,157,193.93, indicating a decline of 24%[37] Costs and Expenses - The total operating costs for the first quarter of 2022 were approximately 3.04 billion, compared to 2.99 billion in the same period of 2021, indicating an increase of about 1.4%[30] - Research and development expenses increased to approximately 42.72 million in the first quarter of 2022, up from 26.65 million in the same period of 2021, marking a rise of about 60.4%[30] - The income tax expense for the first quarter of 2022 was approximately 28.36 million, down from 60.30 million in the first quarter of 2021, representing a decrease of about 53%[30] - The company reported a decrease in investment income, with a loss of approximately 5.55 million in the first quarter of 2022, compared to a loss of 15.12 million in the same period of 2021, indicating an improvement of about 63.3%[30] External Factors - The company experienced a significant impact on its performance due to external factors and changes in the automotive production structure influenced by the "National VI" policy[8]