Financial Performance - In Q1 2022, Haier Smart Home achieved revenue of RMB 60.25 billion, a 10.0% increase compared to RMB 54.77 billion in the same period last year[5] - The net profit attributable to shareholders was RMB 3.52 billion, reflecting a growth of 15.1% from RMB 3.05 billion year-on-year[5] - The company's gross margin for Q1 2022 was 28.5%, up 0.05 percentage points year-on-year[19] - Operating profit for Q1 2022 was CNY 4,300,486,276.16, up from CNY 3,649,275,606.12 in Q1 2021, reflecting a growth of 17.83%[40] - Net profit for Q1 2022 was CNY 3,566,337,522.40, compared to CNY 3,096,970,287.19 in Q1 2021, indicating an increase of 15.14%[40] - The company reported a total comprehensive income of CNY 3,090,657,101.47 for Q1 2022, down from CNY 3,253,248,784.42 in Q1 2021[41] Cash Flow and Investments - The cash flow from operating activities showed a significant decline, with a net amount of RMB 1.15 billion, down 59.74% from RMB 2.86 billion in the previous year[2] - The net cash flow from operating activities decreased by 59.74% year-on-year, primarily due to bulk reserves and logistics challenges[27] - The net cash outflow from investing activities was RMB 2.474 billion, an increase of RMB 1.853 billion year-on-year, primarily due to outflows for purchasing financial products[23] - The company's capital expenditures in Q1 2022 amounted to RMB 1.738 billion, with RMB 0.867 billion in domestic and RMB 0.871 billion in overseas investments, mainly for factory and equipment construction[24] - The cash inflow from financing activities in Q1 2022 was CNY 4.22 billion, up from CNY 3.65 billion in Q1 2021, marking an increase of approximately 15.5%[44] - The net cash flow from financing activities improved to CNY 1.70 billion in Q1 2022, compared to a net outflow of CNY 4.35 billion in Q1 2021, indicating a positive shift in financing operations[44] Market Performance - The revenue from the smart home and other businesses in China grew by 16.0% year-on-year[7] - The refrigerator segment maintained a leading market share with online and offline retail sales shares of 38.6% and 42.8%, respectively[8] - The kitchen appliance segment saw a remarkable revenue growth of 70.3%, with dishwashers increasing by 96.7%[9] - The washing machine segment held a market share of 40.3% online and 45.4% offline, continuing to lead the industry[10] - The company's retail market share for home air conditioning reached 13.7% online and 19.6% offline, with high-end market share (above 4,000 RMB for wall-mounted units) increasing to 24.3%, up 4.8 percentage points year-on-year[11] - The company's water heater business achieved online and offline retail market shares of 32.7% and 29.3% respectively in Q1 2022[13] Assets and Liabilities - The total assets at the end of the reporting period were RMB 215.41 billion, a decrease of 0.94% from RMB 217.46 billion at the end of the previous year[3] - The total equity attributable to shareholders increased by 5.35% to RMB 84.08 billion compared to RMB 79.81 billion at the end of the previous year[3] - The asset-liability ratio at the end of Q1 2022 was 60.3%, a decrease of 2.4 percentage points from the end of 2021, attributed to the conversion of convertible bonds and profit growth[25] - The total current liabilities decreased to RMB 118.43 billion from RMB 124.80 billion at the end of 2021[37] - Total liabilities as of the reporting date were CNY 129,998,332,706.12, compared to CNY 136,376,532,787.02 in the previous period[38] Research and Development - The R&D expense ratio for Q1 2022 was 4.1%, up 0.3 percentage points year-on-year, focusing on smart home technology[21] - Research and development expenses for Q1 2022 amounted to CNY 2,481,992,023.76, up from CNY 2,067,952,212.64 in Q1 2021, representing a growth of 20.00%[39] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 177,413, with the top ten shareholders holding a combined 60.5% of shares[28] - The top shareholder, HKSCC NOMINEES LIMITED, held 2,239,601,283 shares, representing 23.71% of the total[28] - The company plans to repurchase A-shares with a total amount not exceeding RMB 3 billion and not less than RMB 1.5 billion, with a repurchase price not exceeding RMB 35 per share[32] Strategic Initiatives - The company plans to expand its high-end brand strategy and enhance operational efficiency through digital transformation and innovation[4] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[39] - The company established 1,515 new retail outlets in Q1 2022, enhancing user coverage and retail transformation[11] - The company launched new high-end products, including a 36-inch built-in refrigerator and a gas water heater, which received widespread recognition at industry exhibitions[17]
海尔智家(06690) - 2022 Q1 - 季度财报