2022-05-12 16:00Financial Performance - In Q1 2022, the company reported a revenue of RMB 11,854 million, representing a year-on-year increase of 62.6%[8] - The net profit attributable to shareholders was RMB 2,843 million, reflecting a significant increase of 175.5% compared to the same period last year[8] - Operating revenue increased by 62.6% due to changes in product mix, price adjustments, and increased shipment volume[15] - Net profit attributable to shareholders increased by 175.5%, driven by the same factors as operating revenue[15] - Net profit excluding non-recurring gains and losses surged by 283.0%[15] - Basic and diluted earnings per share both reached 176.9% increase, reflecting the rise in net profit attributable to shareholders[15] - Total operating revenue for Q1 2022 reached 11,854,010 thousand RMB, a significant increase from 7,291,961 thousand RMB in Q1 2021, representing a growth of approximately 62.5%[25] - Operating profit for Q1 2022 was 3,649,604 thousand RMB, compared to 920,554 thousand RMB in Q1 2021, reflecting a substantial increase of approximately 295.5%[25] - Net profit for Q1 2022 was 3,650,392 thousand RMB, a significant rise from 919,723 thousand RMB in Q1 2021, marking an increase of around 296.1%[25] - The total comprehensive income amounted to 3,480,644, compared to 1,474,385 in the previous year, indicating a year-over-year increase of about 136%[26] Cash Flow and Investments - The company achieved a cash flow from operating activities of RMB 10,414 million, marking a year-on-year increase of 208%[8] - Cash flow from operating activities rose by 208.0% due to increased cash received from sales[15] - Cash flow from operating activities was 10,413,790, compared to 3,381,332 in the previous year, marking an increase of approximately 208.5%[28] - Cash flow from investing activities showed a net outflow of 27,093,630, compared to a net outflow of 6,645,745 in the previous year, indicating a significant increase in investment activities[29] - Cash flow from financing activities resulted in a net inflow of 887,187, contrasting with a net outflow of 1,681,583 in the same quarter last year, showing improved financing conditions[29] - The company received cash from sales of goods and services amounting to 16,989,706, which is a substantial increase from 8,051,761 in the previous year, representing a growth of about 111.5%[28] Assets and Liabilities - The total assets at the end of Q1 2022 were RMB 238,106 million, a 3.6% increase from the previous year[9] - Total assets as of March 31, 2022, were 238,105,885 thousand RMB, up from 229,932,806 thousand RMB at the end of 2021, representing an increase of about 3.8%[24] - Total liabilities as of March 31, 2022, were 70,815,167 thousand RMB, compared to 67,957,975 thousand RMB at the end of 2021, reflecting an increase of approximately 2.7%[24] - The company's total equity as of March 31, 2022, was 167,290,718 thousand RMB, up from 161,974,831 thousand RMB at the end of 2021, indicating a growth of about 3.9%[24] - The company reported a significant increase in contract liabilities, which rose to 10,136,194 thousand RMB in Q1 2022 from 6,669,302 thousand RMB in Q1 2021, marking an increase of approximately 52.8%[23] Research and Development - R&D expenses totaled RMB 1,051 million, accounting for 8.9% of revenue, a decrease of 5.0 percentage points year-on-year[8] - Research and development expenses for Q1 2022 amounted to 1,050,563 thousand RMB, slightly up from 1,015,562 thousand RMB in Q1 2021, showing a growth of about 3.4%[25] Shareholder Information - The total number of ordinary shareholders reached 329,887, with 75.5% of shares issued in Hong Kong[16] - HKSCC NOMINEES LIMITED holds 56.73% of shares, while other major shareholders include 大唐控股 (10.78%) and 鑫芯 (7.81%)[17] - The company has no known related party transactions among the top shareholders[20] Other Financial Metrics - The gross margin exceeded guidance, primarily due to the postponement of scheduled factory maintenance and lower-than-expected impact from the pandemic on certain factories[5] - The company expects Q2 2022 revenue to grow by 1% to 3% quarter-on-quarter, with a gross margin projected between 37% and 39%[6] - Capital expenditures for Q1 2022 were approximately RMB 55 million, with a total planned capital expenditure of RMB 320.5 million for the year, focusing on factory expansions and new projects[7] - Non-recurring gains totaled RMB 245,008 thousand, with government subsidies contributing RMB 285,687 thousand[14] - The company disposed of non-current assets, resulting in a gain of RMB 57,384 thousand[14] - The cash flow from operating activities was significantly bolstered by a cash inflow from other operating activities amounting to 788,400, compared to 849,625 in the previous year[28] - The company reported a decrease in other comprehensive income attributable to the parent company, with a net amount of -43,484 compared to 518,528 in the previous year[26]