潍柴动力(02338) - 2022 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2022 was CNY 41.10 billion, a decrease of 37.16% compared to CNY 65.47 billion in the same period last year[3] - Net profit attributable to shareholders was CNY 1.05 billion, down 68.61% from CNY 3.34 billion year-on-year[3] - Basic and diluted earnings per share were CNY 0.12, a decrease of 71.46% from CNY 0.42 in the same period last year[3] - The company reported a decrease in operating profit to CNY 1.56 billion in Q1 2022, down from CNY 5.15 billion in Q1 2021, representing a decline of about 70%[13] - The total comprehensive income for Q1 2022 was CNY 2.11 billion, significantly lower than CNY 6.59 billion in Q1 2021, a decrease of approximately 68%[14] - The company reported a tax expense of CNY 269.62 million in Q1 2022, compared to CNY 812.96 million in Q1 2021, a reduction of about 67%[13] Cash Flow - Net cash flow from operating activities was negative CNY 4.60 billion, a decline of 93.31% compared to negative CNY 2.39 billion in the previous year[3] - The net cash flow from operating activities was -4,604,465,270.32 CNY, compared to -2,381,918,950.61 CNY in the previous year, indicating a decline[16] - Cash outflow from operating activities totaled 41,021,836,808.21 CNY, down from 45,274,416,650.54 CNY year-over-year[16] - The company reported a cash inflow from financing activities totaling 5,077,739,005.36 CNY, significantly higher than 2,339,929,662.90 CNY in the previous year[16] - The company received 4,246,369,959.94 CNY in cash from borrowings, compared to 2,265,361,574.71 CNY in the same quarter last year[16] - The company reported a significant increase in financing cash flow, with a net inflow of CNY 345.02 million, a 1542.82% increase compared to a net outflow of CNY 23.91 million last year[7] Assets and Liabilities - Total assets at the end of the reporting period were CNY 277.69 billion, an increase of 0.23% from CNY 277.04 billion at the end of the previous year[4] - Total liabilities amounted to CNY 172.10 billion, a decrease from CNY 174.08 billion in the previous year[11] - The total non-current assets amounted to ¥90.73 billion, indicating a stable asset base for future operations[9] - The company’s goodwill remained stable at CNY 22.80 billion, compared to CNY 22.85 billion last year[10] Shareholder Information - Shareholders' equity attributable to the parent company was CNY 72.47 billion, up 2.20% from CNY 70.91 billion at the end of the previous year[4] - The total number of common shareholders at the end of the reporting period was 477,621, with the largest shareholder, Hong Kong Central Clearing Agent Co., Ltd., holding 22.22% of shares[8] - The total number of shares held by the top ten shareholders accounted for a significant portion of the company's equity, with the top shareholder alone holding over 1.93 billion shares[8] - The company has a substantial amount of pledged shares, with 1.35 billion shares held by Weichai Holding Group Co., Ltd. being subject to restrictions[8] Operational Metrics - Total operating costs for Q1 2022 were CNY 39.63 billion, down 34.4% from CNY 60.39 billion in the previous year[12] - The company experienced a 55.35% increase in trading financial assets, reaching CNY 992.27 million, mainly due to an increase in structured deposits[7] - Accounts receivable increased significantly to ¥25.43 billion, up from ¥18.19 billion, indicating a growth of about 40%[9] - Inventory rose to ¥33.41 billion, compared to ¥31.59 billion previously, reflecting an increase of approximately 5.8%[9] Research and Development - Research and development expenses increased to CNY 1.83 billion in Q1 2022, compared to CNY 1.73 billion in Q1 2021, marking a growth of approximately 6%[13] - Development expenditures increased to CNY 264.92 million, up from CNY 212.46 million year-over-year[10] Financial Position - The company's cash and cash equivalents decreased to ¥64.09 billion from ¥75.04 billion at the beginning of the year, representing a decline of approximately 25.5%[9] - The company reported a long-term equity investment of ¥6.84 billion, up from ¥6.71 billion, showing a growth of about 1.9%[9] - The company is actively managing its financial assets, with trading financial assets increasing to ¥9.92 billion from ¥6.39 billion, a growth of approximately 55.5%[9]