Financial Performance - Operating revenue for Q1 2022 was CNY 25,461,775,046, a decrease of 26.07% compared to the same period in 2021[3] - Net profit attributable to shareholders was CNY 4,925,205,596, down 15.21% year-on-year[3] - Basic and diluted earnings per share were both CNY 0.93, reflecting a 15.21% decrease from the previous year[3] - Total operating revenue for Q1 2022 was RMB 25.46 billion, a decrease of 26.1% from RMB 34.44 billion in Q1 2021[11] - Net profit for Q1 2022 was RMB 5.11 billion, a decrease of 14.1% compared to RMB 5.95 billion in Q1 2021[12] - Comprehensive income attributable to the parent company for Q1 2022 was RMB 4.49 billion, down 21.3% from RMB 5.70 billion in Q1 2021[13] - The company reported an operating profit of RMB 6.43 billion for Q1 2022, a decrease of 15.6% from RMB 7.62 billion in Q1 2021[12] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 42.01%, attributed to a decline in product sales and operating revenue[5] - Cash inflow from operating activities in Q1 2022 was RMB 32.96 billion, a decrease of 22.6% from RMB 42.58 billion in Q1 2021[14] - Total cash and cash equivalents at the end of the period decreased to ¥14,459,973,012 from ¥21,830,581,275, a decline of approximately 34%[15] - Cash flow from operating activities showed a significant decrease, indicating potential challenges in operational efficiency[15] Assets and Liabilities - Total assets at the end of the reporting period were CNY 230,996,246,438, a slight increase of 0.21% from the end of 2021[3] - Total current assets as of March 31, 2022, amounted to RMB 116,712,128,968, a decrease from RMB 123,582,649,005 as of December 31, 2021, reflecting a decline of approximately 5.6%[8] - The total non-current assets increased to RMB 114,284,117,470 from RMB 106,932,014,632, indicating a growth of approximately 6.3%[9] - Total liabilities decreased to RMB 34,514,879,140 from RMB 38,688,591,817, a reduction of about 10.3%[10] - The company's total equity attributable to shareholders increased to RMB 188,254,100,232 from RMB 183,685,269,028, reflecting an increase of approximately 2.8%[10] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 318,700[5] - The largest shareholder, Anhui Conch Group Co., Ltd., held 36.40% of the shares, totaling 1,928,870,014 shares[5] Government Support - The company received government subsidies amounting to CNY 245,107,882 during the reporting period[4] Inventory and Receivables - Inventory levels rose to RMB 10,180,009,307 from RMB 9,895,530,980, marking an increase of about 2.9%[9] - The company's receivables from notes and accounts decreased to RMB 9,381,636,739 from RMB 10,365,834,838, a decline of about 9.5%[8] - The total amount of other receivables increased to RMB 3,735,062,611 from RMB 3,294,233,330, reflecting an increase of approximately 13.4%[8] Borrowings and Financing Activities - The company's long-term borrowings increased to RMB 6,219,398,608 from RMB 3,747,694,525, representing a significant increase of approximately 65.8%[10] - The company reported a decrease in short-term borrowings, with a total of RMB 5,086,455,040 compared to RMB 3,289,753,833, indicating a reduction of approximately 55.5%[9] - Cash inflow from financing activities rose to ¥4,751,219,311 from ¥236,107,713, a substantial increase of over 1900%[15] - Cash paid for financing activities increased to ¥1,576,471,945 from ¥484,037,272, reflecting an increase of approximately 226%[15] Investment Activities - Investment activities generated a net cash flow of -¥8,957,251,062, compared to a positive cash flow of ¥450,034,840 in the previous period[15] - Cash inflow from investment activities totaled ¥5,476,639,349, down from ¥9,895,178,406, indicating a decrease of about 44%[15] - Cash outflow for investment activities increased significantly to ¥14,433,890,411 from ¥9,445,143,566, marking an increase of approximately 53%[15] - The company reported a substantial increase in cash paid for fixed assets, which rose to ¥6,497,119,181 from ¥1,945,143,566, an increase of approximately 234%[15]
海螺水泥(00914) - 2022 Q1 - 季度财报