YTCO(SH:600066)2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 3,526,036,788.96, representing a decrease of 2.84% compared to the same period last year[4]. - The net profit attributable to shareholders was a loss of CNY 115,652,914.13, and the net profit after deducting non-recurring gains and losses was a loss of CNY 323,909,442.80[4]. - The weighted average return on net assets was -0.77%, a decrease of 0.04 percentage points compared to the previous year[4]. - The company reported a basic and diluted earnings per share of -0.05 CNY[4]. - Net loss for Q1 2022 was ¥117,686,552.34, compared to a net loss of ¥110,435,958.63 in Q1 2021, indicating a worsening of 6.4%[16]. - The company reported a total comprehensive loss of ¥384,086,816.73 in Q1 2022, compared to a loss of ¥337,903,758.04 in Q1 2021, indicating a deterioration of 13.5%[16]. Cash Flow - The net cash flow from operating activities was negative at CNY 736,678,387.55[4]. - In Q1 2022, the company's cash inflow from operating activities was CNY 5,273,554,872.32, a decrease of 4.8% compared to CNY 5,538,753,707.41 in Q1 2021[17]. - The net cash flow from operating activities was -CNY 736,678,387.55, worsening from -CNY 313,370,894.84 in the same period last year[17]. - Cash inflow from investment activities totaled CNY 663,315,241.75, significantly lower than CNY 2,071,500,809.17 in Q1 2021[17]. - The net cash flow from investment activities was -CNY 1,335,185,044.15, slightly worse than -CNY 1,312,161,409.71 in the previous year[17]. - The company reported a net cash flow from financing activities of -CNY 311,791,662.18, compared to a positive inflow of CNY 343,954,080.00 in Q1 2021[17]. - The total cash and cash equivalents at the end of Q1 2022 were CNY 3,245,468,362.51, down from CNY 4,760,130,164.97 at the end of Q1 2021[17]. - The company received CNY 4,742,634,795.21 in cash from sales and services, a decline from CNY 5,233,578,313.62 in the previous year[17]. - The cash paid for goods and services was CNY 4,140,984,688.00, an increase from CNY 3,891,213,205.69 in Q1 2021[17]. - The company experienced a cash outflow of CNY 866,984,830.68 related to other operating activities, down from CNY 957,224,060.88 in the same quarter last year[17]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 29,584,577,930.82, down 8.03% from the end of the previous year[4]. - Total assets decreased to ¥29,584,577,930.82 as of March 31, 2022, down from ¥32,165,891,031.43 at the end of 2021, a decline of 8.2%[14]. - Total liabilities decreased to ¥14,607,765,988.31 in Q1 2022 from ¥16,822,769,718.79 in Q4 2021, a reduction of 13.1%[14]. - Cash and cash equivalents dropped to ¥3,261,819,985.96 in Q1 2022 from ¥5,631,295,628.77 in Q4 2021, a decrease of 42.1%[13]. - Inventory decreased to ¥5,967,666,295.27 in Q1 2022 from ¥6,106,125,747.16 in Q4 2021, a decline of 2.3%[13]. - The total equity attributable to shareholders decreased to ¥14,854,363,634.26 as of March 31, 2022, down from ¥15,218,639,366.18 at the end of 2021, a decline of 2.4%[14]. - The equity attributable to shareholders decreased by 2.39% to CNY 14,854,363,634.26 compared to the end of the previous year[4]. Non-Recurring Items - Non-recurring gains and losses amounted to CNY 208,256,528.67, primarily from government subsidies and asset disposals[6]. Shareholder Activities - The company plans to repurchase and cancel 27,393,000 restricted stock options as part of its 2021 incentive plan, which has been terminated[10]. - The controlling shareholder, Zhengzhou Yutong Group, plans to increase its stake in the company by CNY 100 million to 200 million, having already purchased 677,130 shares for CNY 59,999,000[11]. Research and Development - Research and development expenses rose to ¥383,689,138.90 in Q1 2022, up from ¥304,567,863.30 in Q1 2021, reflecting an increase of 25.9%[16]. Accounting Standards - The company did not apply the new accounting standards for the current year[18].