Financial Performance - The company's operating revenue for the first quarter reached CNY 4,212,613,259.83, representing a year-on-year increase of 30.74%[3] - Net profit attributable to shareholders was CNY 480,638,615.59, reflecting a growth of 23.79% compared to the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 450,718,935.19, an increase of 18.63% year-on-year[3] - Basic and diluted earnings per share were both CNY 0.4277, marking an increase of 18.71%[3] - Total revenue for Q1 2022 reached ¥4,248,612,150.24, a 30.8% increase from ¥3,248,779,081.70 in Q1 2021[19] - Net profit for Q1 2022 reached approximately 487.72 million, up 24.9% from 390.01 million in Q1 2021[20] - Total comprehensive income for Q1 2022 was approximately 481.65 million, an increase of 23.9% from 388.70 million in Q1 2021[22] Cash Flow - The net cash flow from operating activities decreased significantly by 76.51%, amounting to CNY 45,561,344.86[5] - Cash flow from operating activities for Q1 2022 was approximately 45.56 million, a decrease of 76.5% compared to 194.00 million in Q1 2021[25] - The company reported a significant increase in cash inflow from operating activities, totaling approximately 2.92 billion in Q1 2022, compared to 1.85 billion in Q1 2021[25] - The net cash flow from financing activities was approximately $106.33 million in Q1 2022, a decrease from $337.28 million in Q1 2021[28] - Cash outflow related to financing activities was approximately $53.97 million in Q1 2022, compared to $390.72 million in Q1 2021[28] Assets and Liabilities - Total assets at the end of the reporting period were CNY 14,443,026,542.33, up 17.05% from the end of the previous year[3] - The total current assets as of March 31, 2022, amount to 9,598,943,300.86 RMB, an increase from 7,695,901,023.41 RMB as of December 31, 2021, reflecting a growth of approximately 24.8%[13] - Current liabilities rose to ¥7,505,201,060.44, an increase of 27.3% from ¥5,891,147,420.90 in the previous year[15] - The total liabilities increased to ¥7,978,587,910.63 from ¥6,357,371,409.91, representing a rise of 25.5%[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,349, with 48,024 being A-share holders[5] - The total number of circulating shares held by the largest shareholder, China Yituo Group Co., Ltd., is 410,690,578 shares, representing 100% of its holdings in RMB ordinary shares[9] - The company has not disclosed any related party relationships among the top ten shareholders, ensuring transparency in ownership structure[9] Investments and Expenses - Research and development expenses for Q1 2022 were ¥87,553,444.60, compared to ¥83,958,853.23 in Q1 2021, showing a growth of 4.3%[19] - The company completed the transfer of 100% equity and related debts of Zhengzhou Sanzhen Machinery Equipment Co., Ltd., impacting the company's profit by 23.1 million RMB[10] - The company approved the restructuring of its financial subsidiary, China Yituo Group Financial Co., Ltd., with Guo Ji Financial Co., Ltd., indicating strategic consolidation efforts[10] Inventory and Receivables - The company's inventory decreased to 1,411,975,675.11 RMB from 1,674,008,933.28 RMB, showing a decline of about 15.6%[13] - The accounts receivable rose significantly to 1,326,300,744.77 RMB from 301,661,736.48 RMB, marking an increase of approximately 339.5%[13] - The company’s other receivables increased to 35,038,000.10 RMB from 24,247,156.19 RMB, representing an increase of approximately 44.4%[13] Other Financial Metrics - Non-recurring gains and losses for the period totaled CNY 29,919,680.40 after tax[4] - Other comprehensive income decreased to -¥16,919,596.69 from -¥11,710,421.44, indicating a decline in this area[18] - Investment income for Q1 2022 was approximately 30.11 million, significantly higher than 4.67 million in Q1 2021[20]
第一拖拉机股份(00038) - 2022 Q1 - 季度财报