长安汽车(000625) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥34.58 billion, an increase of 7.96% compared to ¥32.03 billion in the same period last year[2]. - Net profit attributable to shareholders was ¥4.54 billion, representing a significant increase of 431.45% from ¥853.59 million year-on-year[2]. - The net profit after deducting non-recurring gains and losses was ¥2.27 billion, up 215.24% from ¥720.09 million in the previous year[2]. - Basic and diluted earnings per share were both ¥0.59, reflecting an increase of 268.75% from ¥0.16 in the previous year[2]. - The company reported a significant increase in investment income, reaching ¥2.24 billion, a rise of 687.43% from ¥284.24 million year-on-year[6]. - Net profit for Q1 2022 reached CNY 4.53 billion, significantly up from CNY 855 million in Q1 2021, marking a year-over-year increase of 429.5%[18]. - The company's total equity reached CNY 61.18 billion, up from CNY 55.87 billion year-over-year, reflecting a growth of 9.5%[16]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥769.27 million, a decrease of 89.37% compared to ¥7.24 billion in the same period last year[2]. - The net cash flow from operating activities for the current period is ¥769,267,734.42, a significant decrease from ¥7,236,025,541.31 in the previous period[22]. - Total cash inflow from operating activities is ¥31,497,229,906.83, slightly down from ¥31,886,983,021.04 in the previous period[22]. - Cash outflow from operating activities increased to ¥30,727,962,172.41 from ¥24,650,957,479.73 in the previous period[22]. - The ending balance of cash and cash equivalents is ¥47,726,459,231.18, down from ¥38,083,986,337.83 in the previous period[23]. - The company received ¥386,634,433.61 in tax refunds, up from ¥179,407,299.39 in the previous period[22]. - The company’s cash outflow for taxes paid is ¥2,558,037,249.54, a decrease from ¥2,904,469,816.33 in the previous period[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥141.20 billion, an increase of 4.28% from ¥135.40 billion at the end of the previous year[2]. - The total liabilities as of Q1 2022 were CNY 80.02 billion, a slight increase from CNY 79.54 billion in the previous year[16]. - The company's current assets totaled CNY 93.51 billion, up from CNY 91.14 billion, indicating a growth of about 2.6%[14]. - The long-term equity investments increased significantly to CNY 17.44 billion from CNY 13.25 billion, representing a growth of approximately 31.5%[14]. - The company reported a notable increase in accounts receivable, rising to CNY 5.12 billion from CNY 1.68 billion, indicating a significant growth of approximately 205.5%[14]. - The company reported a significant increase in accounts payable, which rose to CNY 27.85 billion from CNY 23.65 billion, representing a growth of 17.5%[16]. Research and Development - Research and development expenses increased by 35.35% to ¥961.53 million, primarily due to increased commissioned development[6]. - Research and development expenses in Q1 2022 amounted to CNY 961.53 million, up 35.3% from CNY 710.39 million in Q1 2021[18]. Operational Challenges - The company faced significant cost pressures due to rising prices of raw materials and components, particularly lithium hydroxide and electrolytes, driven by the surge in new energy vehicle consumption[11]. - Changan Automobile implemented cost reduction and efficiency enhancement measures to mitigate the impact of rising raw material costs on operational results[11]. - The company experienced supply chain disruptions due to COVID-19, leading to shortages in chips and other components, which affected production capacity[12]. - Changan Automobile initiated a high-level on-site coordination mechanism to secure chip supplies and minimize production disruptions[12].