SANY(SH:600031)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was RMB 20,077,134 thousand, a decrease of 39.76% compared to the same period last year[2] - The net profit attributable to shareholders was RMB 1,589,772 thousand, down 71.29% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 1,088,649 thousand, a decline of 79.27%[2] - The basic earnings per share were RMB 0.1885, reflecting a decrease of 71.35% compared to the previous year[3] - The company reported a net profit margin decline due to reduced revenue and increased costs, impacting overall profitability[13] - In Q1 2022, the company's net profit was CNY 1,641,364 thousand, a decrease of 70.1% compared to CNY 5,648,452 thousand in Q1 2021[15] - Operating profit for Q1 2022 was CNY 1,764,343 thousand, down 73.3% from CNY 6,592,005 thousand in the same period last year[15] - Total profit for Q1 2022 was 97,398 thousand, down 41.6% from 166,793 thousand in Q1 2021[23] - Net profit for Q1 2022 decreased to 66,531 thousand, a decline of 48.6% compared to 129,436 thousand in Q1 2021[23] - The company’s total comprehensive income for Q1 2022 was CNY 1,602,553 thousand, a decrease of 71.4% from CNY 5,592,490 thousand in Q1 2021[16] - The total comprehensive income for Q1 2022 was 61,532 thousand, down from 168,033 thousand in Q1 2021, representing a decrease of 63.4%[24] Cash Flow and Assets - The net cash flow from operating activities increased by 108.45% to RMB 1,994,399 thousand, attributed to improved collection rates and reduced cash payments for procurement and taxes[6] - The company reported a cash flow from operating activities of CNY 1,994,399 thousand, an increase of 108.5% compared to CNY 956,780 thousand in Q1 2021[18] - Cash flow from operating activities in Q1 2022 was -2,412,609 thousand, compared to -95,015 thousand in Q1 2021, indicating a significant deterioration in cash flow[25] - Cash flow from investing activities for Q1 2022 was 3,345,955 thousand, a substantial increase from 413,942 thousand in Q1 2021[25] - Cash flow from financing activities in Q1 2022 generated a net cash inflow of 175,405 thousand, down from 2,235,597 thousand in Q1 2021[26] - The ending cash and cash equivalents balance for Q1 2022 was 3,399,054 thousand, compared to 3,847,852 thousand at the end of Q1 2021, reflecting a decrease of 11.6%[26] - The total cash and cash equivalents at the end of Q1 2022 reached 8,732,561 thousand RMB, up 29.6% from 6,733,587 thousand RMB at the end of Q1 2021[19] Assets and Liabilities - Total assets at the end of the reporting period were RMB 145,649,955 thousand, an increase of 5.12% from the end of the previous year[3] - Total assets reached 145,649,955 thousand RMB as of March 31, 2022, up from 138,556,543 thousand RMB at the end of 2021, marking a growth of 5.0%[11] - Total liabilities amounted to 78,939,204 thousand RMB in Q1 2022, an increase of 7.1% from 73,461,411 thousand RMB at the end of 2021[11] - The company’s total liabilities as of March 31, 2022, were 33,784,645 thousand RMB, slightly up from 33,584,414 thousand RMB at the end of 2021[22] - Shareholders' equity totaled 66,710,751 thousand RMB as of March 31, 2022, compared to 65,095,132 thousand RMB at the end of 2021, reflecting a growth of 2.5%[12] Market Conditions and Future Outlook - The decline in revenue was primarily due to a slowdown in short-term market demand and rising costs of bulk commodities and shipping[5] - Future outlook includes potential market expansion and new product development strategies to enhance revenue streams[13] Expenses - Total operating costs for Q1 2022 were 19,167,894 thousand RMB, a reduction of 30.3% from 27,493,506 thousand RMB in Q1 2021[13] - Research and development expenses for Q1 2022 were CNY 1,423,865 thousand, slightly up from CNY 1,422,685 thousand in Q1 2021[15] - The company recorded a decrease in sales expenses to CNY 1,355,944 thousand, down 32.3% from CNY 2,004,911 thousand in the previous year[15] - Research and development expenses for Q1 2022 were 1,369 thousand RMB, a decrease of 94.9% from 26,808 thousand RMB in Q1 2021, suggesting a shift in investment strategy[22] - The company reported a decrease in tax expenses to CNY 152,760 thousand, down 83.8% from CNY 942,452 thousand in Q1 2021[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 1,122,452[7]