Runjian (002929)2022-04-25 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥1,702,972,152.57, representing a 43.27% increase compared to ¥1,188,644,350.51 in the same period last year[5] - Net profit attributable to shareholders for Q1 2022 was ¥102,571,276.46, up 48.38% from ¥69,129,547.37 in the previous year[5] - Basic earnings per share for Q1 2022 were ¥0.45, an increase of 45.16% from ¥0.31 in the same period last year[5] - Operating revenue increased by 43.27% to CNY 1,702,972,152.57 compared to the previous period, driven by stable growth in communication network maintenance and rapid growth in information and energy network maintenance businesses[11] - The company reported a 255.88% increase in non-operating income, reaching CNY 3,244,031.08, mainly from bond financing subsidies received during the reporting period[11] - The total profit for the current period was ¥119,183,763.70, compared to ¥82,705,396.28 in the previous period, representing an increase of about 43.9%[35] Cash Flow - The net cash flow from operating activities was negative at ¥1,701,838,557.41, a decrease of 316.77% compared to the previous year's negative cash flow of ¥408,342,463.62[5] - Cash flow from operating activities showed a significant decline of 316.77%, resulting in a net outflow of CNY 1,701,838,557.41, primarily due to increased material procurement expenses and delayed customer payments[11] - Cash inflow from operating activities totaled ¥1,438,642,800.76, compared to ¥1,169,262,614.80 in the previous period, an increase of approximately 22.9%[39] - The net cash flow from financing activities was 838,261,079.78, compared to 161,312,286.51 in the prior period, showing a strong financing position[42] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥9,968,049,139.89, a decrease of 2.04% from ¥10,175,660,698.82 at the end of the previous year[5] - The company's equity attributable to shareholders increased by 3.07% to ¥3,945,753,266.39 from ¥3,828,130,482.78 at the end of the previous year[5] - Total liabilities decreased from CNY 6.230 billion to CNY 5.887 billion during the reporting period[28] - The company's total current assets at the end of the reporting period amounted to CNY 8.225 billion, compared to CNY 8.004 billion at the beginning of the year[25] Business Growth - The company's network operation and maintenance business showed stable growth, with significant project wins from China Mobile, enhancing market share[21] - The information network maintenance business experienced rapid growth, leveraging a digital platform to expand services across over 23 provinces and 1,200 counties[21] - The energy network maintenance business saw high-speed growth, with a planned capacity of approximately 200MW for a new renewable energy project in Guangxi, involving a total investment of CNY 2 billion[21] - The company is actively expanding its IDC lifecycle service business, capitalizing on national strategies to enhance service offerings[21] Expenses - Operating costs rose by 41.36% to CNY 1,370,885,431.42, attributed to the expansion of business scale and increased operational volume[11] - Research and development expenses increased by 3.18% to CNY 60,220,565.18, as the company intensified its R&D investments to enhance market competitiveness[11] - The company reported a significant increase in sales expenses, which rose to ¥81,276,484.18 from ¥41,637,777.13 in the previous period, an increase of approximately 95.2%[32] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 21,509, with no preferred shareholders having restored voting rights[12] - The total equity attributable to shareholders increased from CNY 3.828 billion to CNY 3.946 billion[31] Investment Activities - Long-term equity investments decreased by 13.96% to CNY 45,934,286.36, mainly due to the disposal of subsidiary equity during the reporting period[11] - Investment income showed a loss of ¥949,552.76, a decline from a gain of ¥45,809.59 in the previous period, indicating a negative shift in investment performance[32] Government Support - The company received government subsidies amounting to ¥3,338,593.75, primarily related to bond financing support[7]