GS(SH:601500)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥1,135,059,141.53, representing a year-on-year increase of 4.83%[6] - Net profit attributable to shareholders was ¥7,417,906.42, a decrease of 57.49% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was ¥355,074.77, down 91.99% year-on-year[6] - Basic earnings per share were ¥0.01, a decrease of 50.00% compared to the previous year[9] - Diluted earnings per share were also ¥0.01, down 50.00% year-on-year[9] - The weighted average return on equity was 0.17%, a decrease of 0.31 percentage points from the previous year[9] - Total operating revenue for Q1 2022 was CNY 1,135,059,141.53, an increase from CNY 1,082,777,645.45 in Q1 2021, representing a growth of approximately 4.83%[31] - Net profit for Q1 2022 was CNY 6,398,174.87, down from CNY 17,448,524.45 in Q1 2021, indicating a decline of approximately 63.39%[34] - Total comprehensive income attributable to the parent company was CNY 2,659,430.12, a decrease from the previous period[36] - Basic and diluted earnings per share were both CNY 0.01, down from CNY 0.02 in the previous period[36] Cash Flow and Liquidity - Net cash flow from operating activities was ¥3,969,255.63, reflecting a significant decline of 94.16%[6] - Cash inflow from operating activities totaled CNY 1,059,576,263.04, an increase of 17.2% compared to CNY 903,926,745.06 in the previous period[39] - Cash outflow from operating activities was CNY 1,055,607,007.41, up from CNY 836,008,785.77 in the previous period[39] - Cash and cash equivalents amounted to RMB 1,008,585,473.57, slightly down from RMB 1,022,640,961.85[22] - Cash and cash equivalents at the end of the period totaled CNY 304,728,272.70, compared to CNY 136,138,371.26 at the end of the previous period[39] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,054,190,964.29, an increase of 1.63% from the end of the previous year[9] - The company's total liabilities as of the reporting date were CNY 4,769,150,621.01, an increase from CNY 4,627,954,292.41 in the previous period[31] - The equity attributable to shareholders was ¥4,284,636,241.66, a slight increase of 0.08% compared to the previous year[9] - The company's total assets reached RMB 9,054,190,964.29, up from RMB 8,909,286,037.13[26] Operational Costs and Expenses - Total operating costs for Q1 2022 were CNY 1,124,193,551.54, compared to CNY 1,079,984,034.35 in Q1 2021, reflecting an increase of about 4.10%[31] - Research and development expenses for Q1 2022 amounted to CNY 14,371,793.25, a decrease from CNY 24,847,158.19 in Q1 2021, representing a reduction of approximately 42.00%[31] - The company reported a decrease in tax expenses to CNY 2,966,751.41 from CNY 5,197,559.20 in the previous year, a decline of about 42.00%[31] Investments and Equity Changes - The company completed the transfer of 20% equity in Wuxi Hongdou Sportswear Co., Ltd. to Jiangsu Hongdou Industrial Co., Ltd. for a price of RMB 4.4362 million in March 2022[18] - The company established General Intelligent (Cambodia) Co., Ltd. in January 2022 with a registered capital of USD 8 million, focusing on the production and sales of rubber products and tires[21] - The company’s long-term equity investments slightly decreased to RMB 420,782,398.62 from RMB 424,559,650.95[26] Inventory and Working Capital - The company’s inventory increased to RMB 1,702,254,944.74 from RMB 1,698,248,699.53, indicating a slight growth in stock levels[26] - Short-term borrowings rose to RMB 1,692,137,297.31 from RMB 1,495,359,974.45, reflecting increased leverage[26] - The company’s accounts payable decreased to RMB 960,620,996.71 from RMB 1,065,178,805.65, indicating improved cash flow management[26] - The company plans to permanently supplement its working capital with surplus funds of RMB 89,188,800 from a completed fundraising project[21]