Financial Performance - Total revenue for Q1 2022 was RMB 45.73 billion, a decrease of 8.3% compared to RMB 49.81 billion in Q1 2021[6] - Net profit for Q1 2022 was RMB 4.56 billion, down 11.1% from RMB 5.13 billion in Q1 2021[6] - Total revenue for Q1 2022 was RMB 51.68 billion, a decrease of 7.4% compared to RMB 55.73 billion in Q1 2021[8] - The company reported a net loss attributable to shareholders of RMB 528.90 million in Q1 2022, compared to a loss of RMB 132.93 million in Q1 2021[7] - Net profit for Q1 2022 was a loss of RMB 873,899,699.62, worsening from a loss of RMB 797,174,492.06 in Q1 2021[15] - The company reported a total comprehensive income of RMB (869,925,143.37) for Q1 2022, compared to RMB (797,174,492.06) in Q1 2021[16] Assets and Liabilities - Total assets as of March 31, 2022, were RMB 174.49 billion, a decrease from RMB 180.84 billion as of December 31, 2021[5] - Current assets decreased to RMB 79.97 billion from RMB 86.64 billion, a decline of 7.7%[2] - Total current assets decreased to RMB 33.43 billion as of March 31, 2022, from RMB 37.60 billion at the end of 2021[10] - Long-term equity investments increased to RMB 14.17 billion, up 13.1% from RMB 12.53 billion[3] - Long-term equity investments increased to RMB 41.66 billion as of March 31, 2022, compared to RMB 39.94 billion at the end of 2021[11] - Total liabilities decreased to RMB 95.50 billion from RMB 105.96 billion, a reduction of 9.0%[5] - Total liabilities decreased to RMB 29.11 billion as of March 31, 2022, from RMB 30.99 billion at the end of 2021[13] Cash Flow and Investments - The company’s cash and cash equivalents were RMB 40.27 billion, a decrease of 5.5% from RMB 42.60 billion[2] - Cash and cash equivalents at the end of Q1 2022 were RMB 38.62 billion, down from RMB 50.73 billion at the end of Q1 2021[9] - Cash flow from operating activities for Q1 2022 was negative at RMB (79,826,109.61), an improvement from RMB (3,123,418,875.06) in Q1 2021[17] - Cash flow from investing activities in Q1 2022 was negative at RMB (1,629,462,355.19), compared to RMB (166,598,041.15) in Q1 2021[18] - Cash flow from financing activities in Q1 2022 generated RMB 3,200,000,000.00, down from RMB 7,000,000,000.00 in Q1 2021[18] - The company raised RMB 30.70 million from new investments in Q1 2022, compared to no new investments in Q1 2021[9] Inventory and Expenses - Inventory as of March 31, 2022, was RMB 19.02 billion, down 10.0% from RMB 21.14 billion[2] - The company’s inventory decreased to RMB 974.09 million as of March 31, 2022, from RMB 1.32 billion at the end of 2021[10] - Research and development expenses for Q1 2022 were RMB 150.22 million, down 30.8% from RMB 217.21 million in Q1 2021[6] - Research and development expenses for Q1 2022 were RMB 9,031.39, significantly lower than RMB 3,550,998.18 in Q1 2021[15] Market Strategy - The company plans to focus on expanding its market presence and developing new technologies in the upcoming quarters[7] Sales Performance - The company experienced a significant increase in cash inflow from sales, totaling RMB 2,487,700,541.70 in Q1 2022, compared to RMB 821,276,299.82 in Q1 2021[17] Operating Costs - Total operating costs for Q1 2022 were RMB 2,921,177,408.34, compared to RMB 1,493,097,074.89 in Q1 2021, indicating an increase of about 95%[15]
北京汽车(01958) - 2022 Q1 - 季度财报