Financial Performance - Total operating revenue for the first quarter of 2022 was RMB 24,981,188 thousand, a decrease of 2.28% compared to the same period last year[7]. - Net profit attributable to shareholders of the listed company was RMB 12,640 thousand, down 98.09% year-on-year[7]. - Basic earnings per share decreased by 98.11% to RMB 0.0008[7]. - The weighted average return on net assets decreased by 0.94 percentage points to 0.02%[7]. - Net profit for Q1 2022 was 316,411 thousand RMB, down 64.39% from 888,712 thousand RMB in Q1 2021[19]. - Operating profit for Q1 2022 was 415,613 thousand RMB, a decline of 60.54% compared to 1,050,164 thousand RMB in Q1 2021[19]. - The total comprehensive income for the period was -179,666 thousand RMB, compared to -154,788 thousand RMB in the previous year[51]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 293,629,338 thousand, a decrease of 2.38% from the end of the previous year[7]. - Total assets decreased to RMB 293,629,338 thousand, down 2.06% from RMB 300,802,190 thousand[13]. - Non-current assets totaled RMB 90,590,641 thousand, a decrease of 0.48% from RMB 91,026,346 thousand[13]. - Current liabilities decreased to RMB 161,491,378 thousand, a reduction of 4.13% from RMB 168,879,341 thousand[13]. - Total liabilities decreased to RMB 195,229,318 thousand, down 3.06% from RMB 202,657,837 thousand[14]. - Owner's equity increased slightly to RMB 98,400,020 thousand, up from RMB 98,144,353 thousand[14]. Cash Flow - Cash flow from operating activities showed a net outflow of RMB 9,204,691 thousand, indicating a significant decline[7]. - Cash inflow from operating activities was 26,167,542 thousand RMB, down 16.8% from 31,271,980 thousand RMB in the same period last year[24]. - Cash outflow from operating activities totaled 35,372,233 thousand RMB, resulting in a net cash flow from operating activities of -9,204,691 thousand RMB, an improvement from -13,436,344 thousand RMB year-over-year[24]. - Cash inflow from investment activities was 2,101,973 thousand RMB, a decrease of 59.3% compared to 5,150,657 thousand RMB in the previous year[25]. - Cash outflow from financing activities totaled 919,163 thousand RMB, resulting in a net cash flow from financing activities of -53,472 thousand RMB, compared to a positive cash flow of 2,525,524 thousand RMB last year[27]. Operational Costs and Expenses - The total cost of operations for Q1 2022 was 24,689,333 thousand RMB, a decrease of 0.86% from 24,903,183 thousand RMB in Q1 2021[18]. - Research and development expenses for Q1 2022 were 855,421 thousand RMB, slightly down from 889,380 thousand RMB in Q1 2021[18]. - Financial expenses for Q1 2022 were 364,927 thousand RMB, an increase from 294,025 thousand RMB in Q1 2021[46]. - The company reported a decrease in investment income to 150,013 thousand RMB in Q1 2022 from 478,158 thousand RMB in Q1 2021[46]. Future Outlook - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[27]. - The company plans to enhance its market expansion strategies and invest in new technologies to drive future growth[54].
上海电气(02727) - 2022 Q1 - 季度财报