2022-04-29 13:36Financial Performance - The company's operating revenue for Q1 2022 was CNY 30,647,501, a decrease of 26.25% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 219,751, reflecting a significant decline of 83.61% year-on-year[4] - Total revenue for Q1 2022 was CNY 30,647,501, a decrease of 26.4% compared to CNY 41,553,935 in Q1 2021[22] - Operating profit for Q1 2022 was CNY 743,109, down 61.0% from CNY 1,907,034 in Q1 2021[22] - Net profit attributable to shareholders for Q1 2022 was CNY 219,751, a decline of 83.7% from CNY 1,341,023 in Q1 2021[23] - Total comprehensive income for Q1 2022 was -102,846 million, slightly better than -114,096 million in Q1 2021[31] Cash Flow and Liquidity - The cash flow from operating activities showed a net outflow of CNY 9,017,614, indicating a worsening cash position[4] - Net cash flow from operating activities in Q1 2022 was -RMB 9,017,614 thousand, an improvement from -RMB 12,927,072 thousand in Q1 2021[25] - Cash inflow from investment activities totaled RMB 7,486,170 thousand in Q1 2022, up from RMB 5,986,799 thousand in Q1 2021[26] - Cash inflow from financing activities was RMB 10,057,523 thousand in Q1 2022, significantly down from RMB 34,445,058 thousand in Q1 2021[27] - Cash and cash equivalents at the end of Q1 2022 were RMB 32,440,315 thousand, compared to RMB 25,838,663 thousand at the end of Q1 2021[27] Assets and Liabilities - Total assets attributable to shareholders increased slightly by 0.37% to CNY 428,401,601 compared to the end of the previous year[4] - Total assets as of March 31, 2022, amounted to CNY 428,401,601, an increase from CNY 426,826,499 as of December 31, 2021[21] - Total liabilities as of March 31, 2022, were CNY 245,702,440, compared to CNY 244,534,993 at the end of 2021[20] - Total liabilities decreased to RMB 38,038,697 thousand as of March 31, 2022, from RMB 43,978,773 thousand as of December 31, 2021[29] Shareholder Information - The total number of A-share shareholders was 699,232, while H-share shareholders numbered 2,689 as of the report date[15] - China CNR Group holds 50.73% of the shares, totaling 14,558,389,450 shares, with no restricted shares[12] - HKSCC NOMINEES LIMITED holds 15.19% of the shares, amounting to 4,358,320,003 shares, with no restrictions[12] - The company has a total of 14,736,252,450 shares, representing approximately 51.35% of the total issued shares[15] Business Segments - The railway equipment business revenue decreased by 64.83% year-on-year, primarily due to a drop in revenue from high-speed trains[9] - The urban rail and urban infrastructure business saw a revenue increase of 19.73%, attributed to higher income from urban rail projects[9] - New orders signed in Q1 2022 totaled CNY 52.2 billion, with approximately CNY 9.4 billion from international business[9] Inventory and Receivables - The inventory increased significantly to RMB 71,969,067 thousand from RMB 61,420,021 thousand, indicating a rise of approximately 17.5%[18] - The company reported a decrease in accounts receivable from RMB 72,985,213 thousand to RMB 72,303,974 thousand[18] - The contract assets increased to RMB 21,152,234 thousand from RMB 19,696,717 thousand, reflecting a growth of approximately 7.4%[18] Research and Development - Research and development expenses for Q1 2022 were CNY 1,881,440, down from CNY 2,264,944 in Q1 2021[22]