中国卫星(600118) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,404,194,943.20, representing a year-on-year increase of 0.53% compared to ¥1,357,456,370.40 in the same period last year[4]. - The net profit attributable to shareholders was ¥48,866,387.21, a decrease of 14.22% from ¥56,437,263.93 in the previous year[4]. - Total operating revenue for Q1 2022 was ¥1,404,194,943.20, a slight increase from ¥1,396,729,175.09 in Q1 2021, representing a growth of approximately 0.33%[19]. - Net profit for Q1 2022 was ¥60,726,257.82, down from ¥69,584,768.64 in Q1 2021, reflecting a decrease of approximately 12.6%[19]. - The total comprehensive income for Q1 2022 was ¥60,726,257.82, down from ¥69,584,768.64 in Q1 2021, indicating a decline of about 12.6%[19]. Cash Flow - The net cash flow from operating activities was -¥444,677,011.74, a significant decline of 164.85% compared to -¥142,072,766.87 in the same period last year[5]. - In Q1 2022, the cash inflow from operating activities was CNY 387,162,869.76, a decrease of 31.6% compared to CNY 566,793,971.46 in Q1 2021[20]. - The cash flow from operating activities was impacted by increased payments to employees, totaling CNY 321,480,262.09, up from CNY 287,131,331.81 in Q1 2021[20]. - The cash inflow from financing activities was CNY 141,430,331.28, significantly higher than CNY 47,068,200.00 in Q1 2021, marking an increase of 200.5%[20]. - The net cash flow from financing activities was CNY 45,937,902.46, compared to CNY 10,528,174.99 in the same period last year[20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥14,207,299,605.53, an increase of 5.51% from ¥13,099,141,070.30 at the end of the previous year[5]. - The company's total liabilities as of March 31, 2022, amounted to ¥5,990,642,832.47, up from ¥5,409,994,350.90 at the end of 2021, an increase of approximately 10.7%[18]. - The total current assets reached RMB 10,920,637,186.45, up from RMB 10,120,674,163.13, indicating an increase of approximately 7.9%[17]. - Non-current assets totaled RMB 3,286,662,419.08, a slight decrease from RMB 3,344,675,088.08, reflecting a decline of about 1.7%[17]. Equity and Earnings Per Share - The company's equity attributable to shareholders was ¥6,074,668,079.70, reflecting a slight increase of 0.23% from ¥6,031,602,938.88 at the end of the previous year[5]. - The basic and diluted earnings per share were both ¥0.04, down 20.00% from ¥0.05 in the previous year[5]. - The basic earnings per share for Q1 2022 was ¥0.04, unchanged from Q1 2021, while diluted earnings per share also remained at ¥0.04[19]. Operational Metrics - Accounts receivable increased by 43.06% due to the industry characteristics where contract payments are mostly concentrated in the second half of the year[9]. - Contract assets rose by 34.68% as the company recognized revenue but had not yet obtained unconditional payment rights[9]. - Other income increased by 74.88% due to government subsidies recognized by a subsidiary during the reporting period[11]. - Research and development expenses increased to ¥38,061,420.92 in Q1 2022 from ¥31,378,896.36 in Q1 2021, marking a rise of about 21.3%[19]. - The company reported a decrease in sales expenses to ¥16,709,563.19 in Q1 2022 from ¥18,083,074.61 in Q1 2021, a reduction of approximately 7.6%[19]. Investments and Acquisitions - The company gained actual control over Aerospace Wisdom Technology Co., Ltd. through a capital increase of ¥82,430,000, which was included in the consolidated financial statements[6]. - The company completed a capital increase of RMB 82.43 million in a related party, Aerospace Shenzhou Wisdom Technology Co., Ltd., and gained actual control over it, consolidating it into the financial statements[15]. - The company has signed a "consensus action agreement" with several entities, including the China Academy of Space Technology, to exert control over Aerospace Wisdom[15]. Future Outlook - The company has not provided specific future guidance or performance outlook in the current report[14].