Financial Performance - Operating revenue for Q1 2022 reached RMB 105.53 billion, an increase of 62.75% compared to the same period last year[4] - Net profit attributable to shareholders was RMB 27.62 billion, reflecting a growth of 78.73% year-on-year[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 27.48 billion, up 78.36% from the previous year[4] - Basic earnings per share were RMB 1.72, representing a 77.32% increase year-on-year[4] - Total revenue for the group is RMB 99.299 billion, reflecting a year-on-year growth of 63.56%[15] - Total operating revenue for Q1 2022 reached CNY 105.53 billion, a significant increase of 62.7% compared to CNY 64.84 billion in Q1 2021[31] - Net profit for Q1 2022 was CNY 32.55 billion, representing a 83.1% increase from CNY 17.80 billion in Q1 2021[32] - Total comprehensive income for Q1 2022 reached ¥32,009,655,853.91, a significant increase from ¥17,886,715,387.26 in Q1 2021, representing an increase of approximately 79.5%[35] Cash Flow and Liquidity - Net cash flow from operating activities amounted to RMB 62.53 billion, a significant increase of 131.78% compared to the same period last year[4] - Net cash flow from operating activities for Q1 2022 was ¥62,528,804,529.98, compared to ¥26,978,167,591.10 in Q1 2021, indicating a growth of approximately 132.1%[37] - Cash inflow from investment activities in Q1 2022 was ¥462,235,580.71, down from ¥556,430,768.33 in Q1 2021, a decrease of approximately 16.9%[38] - Cash outflow from financing activities in Q1 2022 totaled ¥6,156,056,702.64, compared to ¥13,255,785,724.54 in Q1 2021, indicating a reduction of approximately 53.7%[39] - The net increase in cash and cash equivalents for Q1 2022 was ¥57,669,268,322.71, compared to ¥18,507,947,249.71 in Q1 2021, representing an increase of approximately 211.5%[39] - The cash and cash equivalents increased to RMB 236,197,062,186.87 from RMB 178,328,227,514.54, indicating a strong liquidity position[26] Assets and Liabilities - Total assets at the end of the reporting period were RMB 476.29 billion, up 15.14% from the end of the previous year[5] - The company's total liabilities as of March 31, 2022, amounted to CNY 265.69 billion, an increase of 13.1% from CNY 234.81 billion at the end of 2021[29] - The company's total equity increased to CNY 210.60 billion as of March 31, 2022, compared to CNY 178.86 billion at the end of 2021[30] - The total assets of the company as of March 31, 2022, amounted to RMB 476,287,438,780.27, compared to RMB 413,668,080,701.40 at the end of 2021[26] Operational Efficiency - The significant increase in operating revenue was driven by a substantial rise in container shipping business revenue per box[7] - The company maintained stable operational efficiency in terminal business, contributing to overall profit growth[7] - The global supply chain bottleneck issues persisted, but the company focused on customer-centric service and operational stability[8] - The group operates a fleet of 511 container ships with a total capacity of 2,941,911 TEUs as of the end of March 2022[12] Shareholder Information - The total number of common shareholders at the end of the reporting period is 543,970[9] - The largest shareholder, China Ocean Shipping Company, holds 5,924,873,037 shares, representing 37.00% of total shares[10] - The total shares held by the top ten unrestricted shareholders amount to 11,000,000,000 shares[10] Revenue Breakdown - Revenue from the Trans-Pacific route increased by 93.31% to RMB 30.267 billion compared to the previous year[15] - The group’s revenue from the Asia region, including Australia, increased by 48.58% to RMB 23.598 billion[15] - The total revenue from the container shipping business reached RMB 103,852,771,000, a year-on-year increase of 63.47%[19] - EBIT (Earnings Before Interest and Taxes) for the container shipping business was RMB 39,539,772,000, reflecting a significant increase of 107.06% compared to the previous year[19] - The net profit for the container shipping business was RMB 33,116,429,000, up 85.73% year-on-year[19] Cost Management - Total operating costs for Q1 2022 were CNY 66.65 billion, up 42.7% from CNY 46.69 billion in Q1 2021[31] - The company reported a financial expense of CNY 362.78 million in Q1 2022, down from CNY 828.15 million in Q1 2021[31] - The company incurred financial expenses of CNY -110,233,807.18 in the first quarter of 2022, compared to CNY 62,956,577.68 in the first quarter of 2021, indicating a significant increase in financial costs[46] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[23]
中远海控(01919) - 2022 Q1 - 季度财报