Hisense V.T.(SH:600060)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥10,184,415,867.34, representing a decrease of 1.86% compared to the same period last year[4]. - Net profit attributable to shareholders was ¥298,559,631.75, an increase of 47.17% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥224,047,521.89, reflecting an increase of 83.48% compared to the previous year[4]. - The basic earnings per share for the period was ¥0.229, up by 47.74% year-on-year[4]. - Total revenue for Q1 2022 was ¥10,184,415,867.34, a decrease of 1.86% compared to ¥10,377,754,603.36 in Q1 2021[14]. - Net profit for Q1 2022 reached CNY 435.28 million, compared to CNY 294.14 million in Q1 2021, reflecting a year-over-year increase of 47.9%[16]. - Earnings per share for Q1 2022 were CNY 0.23, up from CNY 0.16 in Q1 2021, indicating a growth of 43.8%[17]. - The total comprehensive income for Q1 2022 was CNY 494.68 million, up from CNY 293.80 million in Q1 2021, reflecting a growth of 68.3%[17]. Assets and Liabilities - The total assets at the end of the reporting period were ¥31,808,726,569.58, a decrease of 4.37% from the end of the previous year[5]. - Current assets decreased to ¥25,668,071,481.65 from ¥27,979,865,337.52, representing a decline of approximately 8.25%[12]. - Total assets amounted to ¥31,808,726,569.58, down from ¥33,261,727,262.72, indicating a reduction of about 4.37%[13]. - Total liabilities decreased to ¥13,277,628,388.24 from ¥15,082,587,268.30, reflecting a decline of approximately 11.94%[13]. - The company's cash and cash equivalents were ¥3,750,058,472.84, down from ¥4,055,227,563.64, a decrease of about 7.5%[12]. - Accounts receivable decreased to ¥3,240,071,287.01 from ¥4,281,999,289.43, a decline of approximately 24.4%[12]. - Inventory decreased to ¥4,570,705,284.61 from ¥5,135,301,405.41, representing a reduction of about 11%[12]. - Non-current assets increased to ¥6,140,655,087.93 from ¥5,281,861,925.20, an increase of approximately 16.3%[12]. - The company's retained earnings rose to ¥11,416,359,407.49 from ¥11,117,799,775.74, an increase of about 2.68%[13]. - The total equity increased to ¥18,531,098,181.34 from ¥18,179,139,994.42, reflecting a growth of approximately 1.93%[13]. Cash Flow - The net cash flow from operating activities was ¥1,248,285,628.60, with significant cash inflow due to improved inventory turnover and increased receivables collection[4][7]. - The company reported a net cash inflow from operating activities of CNY 11.26 billion for Q1 2022, compared to CNY 9.88 billion in Q1 2021, representing an increase of 14.0%[18]. - The net cash flow from operating activities was 1,248,285,628.60, compared to a negative cash flow of -1,346,265,169.74 in the previous year, indicating a significant improvement[19]. - Total cash inflow from investment activities was 2,989,252,899.42, down from 4,284,005,649.12 in the same quarter last year[19]. - The net cash flow from investment activities was -922,979,283.09, contrasting with a positive cash flow of 843,325,876.51 in the previous year[19]. - Cash inflow from financing activities totaled 2,044,063,109.23, slightly down from 2,082,268,681.97 year-over-year[19]. - The net cash flow from financing activities was -961,789,719.73, compared to -52,825,860.36 in the same quarter last year[19]. - The ending balance of cash and cash equivalents was 1,411,934,558.92, compared to 543,769,494.48 at the end of the previous year[20]. - Total cash outflow from operating activities was 10,294,820,814.17, down from 11,576,330,907.43 year-over-year[19]. - Cash paid for purchasing goods and services was 8,201,809,684.67, a decrease from 9,574,127,765.03 in the previous year[19]. - Cash paid for employee compensation was 1,008,402,526.96, slightly up from 1,000,464,356.62 year-over-year[19]. - Cash paid for taxes was 283,256,281.28, compared to 247,920,009.49 in the same quarter last year[19]. Shareholder Information - The top shareholder, Hisense Group Holdings Co., Ltd., holds 30.002% of the shares, while the second-largest shareholder, Hisense Group Co., Ltd., holds 16.53%[8]. - The company received government subsidies amounting to ¥11,539,601.35 during the reporting period[6]. Expenses - Total operating costs for Q1 2022 were CNY 9.86 billion, a decrease from CNY 10.15 billion in Q1 2021, showing a reduction of 2.9%[16]. - Research and development expenses for Q1 2022 amounted to CNY 462.85 million, an increase from CNY 428.31 million in Q1 2021, representing a growth of 8.0%[16]. - Sales expenses for Q1 2022 were CNY 740.44 million, a slight decrease from CNY 768.79 million in Q1 2021, indicating a reduction of 3.7%[16]. - Other comprehensive income after tax for Q1 2022 was CNY 59.40 million, compared to a loss of CNY 0.34 million in Q1 2021[17]. - Investment income for Q1 2022 was CNY 67.73 million, significantly higher than CNY 30.48 million in Q1 2021, marking an increase of 121.5%[16].