SMAC(SH:600073)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥6,471,111,159.14, representing a decrease of 4.27% compared to the same period last year [6] - Net profit attributable to shareholders was ¥201,884,922.64, an increase of 16.62% year-on-year [6] - The net profit after deducting non-recurring gains and losses was ¥180,318,915.36, up by 11.78% compared to the previous year [6] - Basic earnings per share were ¥0.22, reflecting a 22.22% increase year-on-year [6] - The net profit for the first quarter of 2022 was CNY 310,061,475.30, an increase of 35.2% compared to CNY 229,263,333.27 in the same period of 2021 [31] - The total profit for the first quarter of 2022 reached CNY 513,414,224.59, up from CNY 331,042,097.31 in the previous year, representing a growth of 55.0% [31] - Operating profit for the first quarter of 2022 was CNY 503,045,903.29, compared to CNY 336,507,137.87 in the first quarter of 2021, indicating a rise of 49.5% [31] - The total comprehensive income for the first quarter of 2022 was CNY 371,234,251.65, compared to a loss of CNY -69,776,994.54 in the previous year [31] Cash Flow - The net cash flow from operating activities was negative at -¥102,981,180.08, with a year-on-year increase in cash flow from operating activities of ¥149 million due to reduced operating expenses [10] - The cash flow from operating activities for the first quarter of 2022 was negative at CNY -102,981,180.08, an improvement from CNY -252,413,731.49 in the same period of 2021 [34] - Cash outflow from investment activities totaled $122.65 million, a decrease from $231.51 million in the previous period [36] - Net cash flow from investment activities was -$265.85 million, compared to -$217.99 million previously [36] - Cash inflow from financing activities amounted to $1.48 billion, slightly down from $1.64 billion [36] - Cash outflow for debt repayment was $1.07 billion, down from $1.34 billion in the previous period [36] - Net cash flow from financing activities was $321.66 million, an increase from $274.33 million [36] - The net increase in cash and cash equivalents was -$46.56 million, compared to -$194.67 million previously [36] - The ending balance of cash and cash equivalents was $3.44 billion, down from $3.49 billion [36] - The company received $2 million from minority shareholders as part of investment activities [36] - The impact of exchange rate changes on cash and cash equivalents was $623.54 thousand [36] Assets and Liabilities - Total assets at the end of the reporting period were ¥15,439,266,717.37, a 3.09% increase from the end of the previous year [9] - Current assets increased to ¥9,296,906,352.01 in Q1 2022, compared to ¥8,853,676,965.05 in Q1 2021, marking a growth of 5.00% [20] - Total assets increased to ¥15,439,266,717.37 in Q1 2022, compared to ¥14,977,084,880.05 in Q1 2021, reflecting a growth of 3.08% [23] - Total liabilities rose to ¥8,478,402,857.97 in Q1 2022, an increase from ¥8,273,990,587.33 in Q1 2021, indicating a growth of 2.48% [25] - Non-current liabilities totaled ¥1,658,402,671.47 in Q1 2022, compared to ¥1,561,515,295.77 in Q1 2021, representing a rise of 6.20% [25] - Shareholders' equity attributable to the parent company was ¥4,629,879,321.52, up by 5.28% from the previous year [9] - The company's equity attributable to shareholders increased to ¥4,629,879,321.52 in Q1 2022, up from ¥4,397,884,561.39 in Q1 2021, a growth of 5.26% [25] Expenses - The company's research and development expenses were CNY 7,259,108.67, slightly up from CNY 7,210,567.73 in the previous year [31] - The financial expenses for the first quarter of 2022 were CNY 127,002,466.69, compared to a gain of CNY -103,369,447.20 in the same period of 2021 [31] - The company's sales expenses decreased to CNY 220,955,626.54 from CNY 266,613,547.94 in the previous year, a reduction of 17.1% [31] Non-Recurring Items - Non-recurring gains and losses totaled ¥21,566,007.28, with significant contributions from government subsidies and asset disposals [10] - The company did not apply the new accounting standards for the current financial reporting period [38]