2022-04-21 22:19Financial Performance - The net profit attributable to the parent company's shareholders for the three months ended March 31, 2022, was RMB 1.43 billion, up from RMB 1.22 billion in the same period of 2021, reflecting a year-on-year increase of about 17.4%[6] - Total operating revenue for the three months ended March 31, 2022, was RMB 127.60 billion, an increase of 6.1% from RMB 120.27 billion for the same period in 2021[7] - Total operating costs for the same period were RMB 124.07 billion, up from RMB 117.29 billion, reflecting a 5.9% increase year-over-year[7] - Net profit attributable to shareholders for the three months ended March 31, 2022, was RMB 2.43 billion, compared to RMB 2.16 billion in the same period of 2021, representing a growth of 12.3%[7] - The total comprehensive income for the three months ended March 31, 2022, was RMB 2.43 billion, compared to RMB 2.16 billion for the same period in 2021, reflecting a year-over-year increase of 12.5%[9] Assets and Liabilities - The group's total assets as of March 31, 2022, amounted to RMB 360.56 billion, an increase from RMB 335.26 billion as of December 31, 2021, representing a growth of approximately 7.5%[3] - Current assets totaled RMB 314.61 billion as of March 31, 2022, compared to RMB 289.43 billion at the end of 2021, indicating a growth of approximately 8.7%[3] - The group's total liabilities reached RMB 258.29 billion as of March 31, 2022, compared to RMB 235.38 billion at the end of 2021, marking an increase of about 9.7%[4] - The group's non-current assets totaled RMB 45.95 billion as of March 31, 2022, slightly up from RMB 45.82 billion at the end of 2021, indicating a marginal increase of about 0.3%[3] - The group reported a total current liability of RMB 242.15 billion, up from RMB 219.24 billion, which is an increase of approximately 10.4%[4] Cash Flow - Cash flow from operating activities showed a net outflow of RMB 36.49 billion for the three months ended March 31, 2022, compared to an outflow of RMB 34.84 billion in the same period of 2021[11] - The company reported cash and cash equivalents of RMB 26.94 billion as of March 31, 2022, down from RMB 29.16 billion at the end of 2021[13] - Cash inflow from financing activities for the three months ended March 31, 2022, was RMB 105.63 billion, compared to RMB 102.98 billion for the same period in 2021, representing an increase of approximately 2.5%[25] - Net cash outflow from financing activities was RMB 8.51 billion for the three months ended March 31, 2022, compared to RMB 7.62 billion for the same period in 2021, indicating a deterioration of about 11.6%[25] - The net decrease in cash and cash equivalents for the three months ended March 31, 2022, was RMB 10.84 billion, an improvement from a decrease of RMB 13.62 billion in the same period of 2021, reflecting a reduction of approximately 20.5%[25] Investment and Expenses - Research and development expenses for the three months ended March 31, 2022, were RMB 61.62 million, compared to RMB 42.25 million in the same period of 2021, indicating a significant increase in investment in innovation[7] - The company recorded an investment income of RMB 56.69 million for the three months ended March 31, 2022, down from RMB 174.86 million in the same period of 2021[7] - The company recorded investment income of RMB 56,803,536.79 for the three months ended March 31, 2022, compared to RMB 127,747,562.17 in the previous year, a decline of 55.54%[19] Equity and Profitability - The company's total current liabilities decreased to RMB 38,190,318,412.53 from RMB 46,957,070,365.85, a reduction of 18.43%[17] - The total equity of the company as of March 31, 2022, was RMB 31,974,920,404.02, slightly up from RMB 31,898,034,110.78 at the end of 2021[17] - The company's gross profit margin for the three months ended March 31, 2022, improved to 2.0% from 1.5% in the same period of 2021, indicating better cost management[7] Other Financial Metrics - The group's short-term borrowings increased to RMB 62.09 billion from RMB 47.80 billion, reflecting a rise of approximately 30.0%[4] - The company's total liabilities as of March 31, 2022, were significantly impacted by a cash outflow of RMB 16.69 billion, compared to RMB 21.12 billion in the same period of 2021[13] - The impact of exchange rate changes on cash and cash equivalents was a negative RMB 0.45 million for the three months ended March 31, 2022, compared to a positive RMB 0.24 million in the same period of 2021[25]