POWER HF(605100)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥240,663,974.69, representing a decrease of 49.57% compared to the same period last year[6]. - The net profit attributable to shareholders for Q1 2022 was ¥22,441,971.30, down 61.50% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥21,880,223.89, a decline of 62.36% compared to the previous year[6]. - Basic earnings per share for Q1 2022 were ¥0.18, down 73.13% year-on-year[7]. - The diluted earnings per share for Q1 2022 were also ¥0.18, reflecting the same percentage decrease of 73.13%[7]. - The company reported a comprehensive income total of CNY 19,226,170.90 for Q1 2022, down from CNY 58,921,206.52 in Q1 2021[25]. - Net profit for Q1 2022 was CNY 22,338,514.59, representing a decline of 61.7% from CNY 58,289,996.57 in Q1 2021[24]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 82.65% to ¥155,407,706.65, mainly due to an increase in accounts receivable collections[12]. - Cash inflow from operating activities in Q1 2022 was CNY 299,506,243.90, an increase of 38.4% compared to CNY 216,428,319.64 in Q1 2021[27]. - The net cash flow from operating activities was 85,083,083.03 in the previous year, representing an increase of approximately 83%[28]. - Cash outflow from operating activities totaled 131,345,236.61 in the same period last year, indicating a rise of about 9.5%[28]. - The total cash and cash equivalents at the end of the period were 632,284,279.16, a decrease of approximately 3.4%[29]. Assets and Liabilities - Total assets at the end of Q1 2022 were ¥2,277,344,650.39, a decrease of 1.78% from the end of the previous year[7]. - The total current assets as of March 31, 2022, amounted to RMB 1,349,329,491.23, a decrease from RMB 1,396,525,817.67 on December 31, 2021[21]. - The fixed assets as of March 31, 2022, were valued at RMB 499,267,565.19, down from RMB 512,090,393.96 at the end of 2021[21]. - Total liabilities as of Q1 2022 amounted to CNY 426,005,831.94, down from CNY 486,609,525.50 in Q1 2021[22]. - Total equity attributable to shareholders was CNY 1,851,047,448.32, slightly up from CNY 1,831,717,820.71 in Q1 2021[22]. Market and Operational Insights - The company reported non-recurring gains of ¥561,747.41 for the period, primarily from debt restructuring gains[10]. - The company’s operating performance was significantly impacted by COVID-19, leading to fluctuations compared to the same period last year[16]. - The company is focusing on deepening its market presence and enhancing communication with core customers to improve market share[18]. - The government has introduced several policies to stabilize growth, which is expected to boost demand for commercial vehicles and diesel engines[17]. - The company anticipates growth opportunities in the data center backup power market due to increased demand driven by the pandemic[17]. - The company aims to ensure supply chain stability and improve operational performance through proactive measures[18]. Research and Development - Research and development expenses for Q1 2022 were CNY 7,109,315.23, a decrease of 30.5% from CNY 10,314,485.41 in Q1 2021[24].