Financial Performance - Total operating revenue for the first quarter reached RMB 14,107,148,546.27, an increase of 29.77% year-on-year[3] - Net profit attributable to shareholders was RMB 926,080,213.76, reflecting a growth of 46.31% compared to the same period last year[3] - Basic earnings per share increased to RMB 0.297, marking a 46.31% rise year-on-year[3] - Operating income rose to RMB 13,818,651,935.10, up 30.10% from the previous year, driven by a 39.88% increase in revenue from the wind power sector[8] - Operating profit increased by 53.06% to 1.105 billion CNY, driven by revenue growth and increased gross profit[12] - Net profit rose by 42.46% to 975 million CNY, attributed to revenue growth and increased gross profit[12] - Revenue reached 13.819 billion CNY, a year-on-year increase of 30.10%, primarily due to a 39.88% increase in the wind power segment[10] - Total revenue for Q1 2022 reached RMB 14.11 billion, a 29.0% increase from RMB 10.87 billion in Q1 2021[26] - Operating income for Q1 2022 was RMB 13.82 billion, up 30.6% from RMB 10.62 billion in Q1 2021[26] - Total operating costs in Q1 2022 amounted to RMB 13.18 billion, representing a 29.2% increase compared to RMB 10.22 billion in Q1 2021[26] - Net profit for Q1 2022 was RMB 1.09 billion, a significant increase from RMB 727.42 million in Q1 2021[27] - Net profit for Q1 2022 reached ¥975,346,762.75, a 42.5% increase from ¥684,667,261.02 in Q1 2021[28] - Net profit attributable to shareholders of the parent company was ¥926,080,213.76, up 46.3% from ¥632,953,003.56 in the same period last year[28] - Total comprehensive income for Q1 2022 was ¥975,295,345.34, compared to ¥689,101,002.42 in Q1 2021, reflecting a growth of 41.6%[29] - Basic and diluted earnings per share for Q1 2022 were both ¥0.297, an increase from ¥0.203 in Q1 2021[30] Cash Flow - Cash flow from operating activities showed a net outflow of RMB 3,596,336,427.66, which is not applicable for year-on-year comparison[3] - Cash flow from operating activities showed a net outflow of 3.596 billion CNY, a decrease of 1.19 billion CNY compared to the previous year, with cash inflow from sales increasing by 16.62%[12] - Cash flow from financing activities increased by 883.16% to a net inflow of 220 million CNY, mainly due to external investment of 211 million CNY in a subsidiary[13] - Cash inflow from operating activities totaled ¥8,113,772,416.65, up from ¥7,135,678,758.54 in the previous year[31] - Cash outflow for purchasing goods and services was ¥9,145,465,804.63, compared to ¥8,983,007,704.11 in Q1 2021[31] - The net cash flow from operating activities was ¥11,710,108,844.31, compared to ¥10,850,618,268.55 in Q1 2021[32] - The net increase in cash from customer deposits and interbank placements was ¥7,821,682,586.32, up from ¥6,707,082,701.20 in Q1 2021[31] - In Q1 2022, the net cash flow from investing activities was -$250.32 million, a significant decrease from $1.60 billion in Q1 2021[33] - Cash inflow from financing activities totaled $241.26 million in Q1 2022, compared to $42.72 million in Q1 2021, indicating a substantial increase[33] - The net cash flow from financing activities was $219.54 million in Q1 2022, up from $22.33 million in Q1 2021[33] - The net increase in cash and cash equivalents for Q1 2022 was -$3.64 billion, worsening from -$2.08 billion in Q1 2021[34] - The ending balance of cash and cash equivalents as of Q1 2022 was $12.69 billion, down from $22.19 billion in Q1 2021[34] - Cash received from investments in subsidiaries was $221.26 million in Q1 2022, compared to $36.50 million in Q1 2021[33] - Cash received from borrowings increased to $20 million in Q1 2022 from $6.22 million in Q1 2021[33] - Cash outflow for debt repayment was $9.60 million in Q1 2022, slightly down from $12.18 million in Q1 2021[33] - The impact of exchange rate changes on cash and cash equivalents was -$9.48 million in Q1 2022, contrasting with a positive impact of $13.60 million in Q1 2021[33] - The cash and cash equivalents at the beginning of Q1 2022 were $16.32 billion, down from $24.28 billion at the beginning of Q1 2021[34] Assets and Liabilities - Total assets at the end of the reporting period were RMB 103,655,868,894.89, a slight increase of 0.53% from the previous year[3] - The company's equity attributable to shareholders increased to RMB 33,542,717,982.94, up 3.22% from the end of the previous year[3] - Accounts receivable increased by 31.70%, attributed to expanded sales scale[8] - Short-term borrowings rose by 47.81%, reflecting new borrowings of RMB 20 million needed for subsidiary operations[8] - Accounts receivable at the end of the period amounted to 10.518 billion CNY, up 31.70% from the beginning of the year, driven by expanded sales[10] - Long-term receivables increased by 36.32% to 753 million CNY, mainly due to installment sales[10] - The company's total liabilities as of March 31, 2022, were RMB 67.16 billion, a slight decrease from RMB 67.72 billion at the end of 2021[24] - Total equity attributable to shareholders increased to RMB 33.54 billion as of March 31, 2022, compared to RMB 32.50 billion at the end of 2021[25] - The company holds a significant amount of financial assets, including RMB 12.92 billion in debt investments as of March 31, 2022[22] - The company’s inventory increased to RMB 19.42 billion from RMB 19.06 billion at the end of 2021[21] - The company reported a decrease in contract liabilities to RMB 27.69 billion as of March 31, 2022, from RMB 30.40 billion at the end of 2021[23] - Short-term borrowings increased to RMB 61.83 million as of March 31, 2022, compared to RMB 41.83 million at the end of 2021[23] Other Information - Non-recurring gains and losses amounted to RMB 263,028,126.97, with significant contributions from debt restructuring gains of RMB 135,649,171.95[4] - Other income rose by 357.24% to 150 million CNY, primarily from debt restructuring gains of 136 million CNY[11] - The weighted average return on net assets increased by 0.78 percentage points to 2.81%, driven by revenue growth and increased gross profit[14] - The company reported new orders of RMB 17.94 billion in Q1 2022, representing a year-over-year increase of 14.7%[18] - As of March 31, 2022, total current assets amounted to RMB 69.92 billion, slightly up from RMB 69.85 billion at the end of 2021[21] - The company has ongoing strategies for market expansion and product development, although specific details were not provided in the extracted content[18] - Research and development expenses for Q1 2022 were RMB 454.69 million, down from RMB 550.95 million in Q1 2021[26] - The company has not identified any related party relationships or concerted actions among the top 10 shareholders[16]
东方电气(01072) - 2022 Q1 - 季度财报