浙江东方(600120) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥4,908,635,816.45, representing a year-on-year increase of 19.43%[6] - Total profit decreased by 54.09% to ¥60,980,335.31, and net profit attributable to shareholders fell by 51.15% to ¥39,938,861.53[6] - Basic and diluted earnings per share both decreased by 51.15% to ¥0.01[9] - Total revenue for Q1 2022 reached ¥5,107,697,734.77, an increase of 18.4% compared to ¥4,310,878,214.39 in Q1 2021[26] - Operating income for Q1 2022 was ¥4,908,635,816.45, up from ¥4,110,145,558.78 in the same period last year, reflecting a growth of 19.4%[26] - Net profit for Q1 2022 was ¥53,113,132.94, a decrease of 43.4% from ¥93,769,872.58 in Q1 2021[29] - The net profit attributable to the parent company for Q1 2022 was approximately ¥39.94 million, compared to ¥81.77 million in Q1 2021, reflecting a decrease of 51.1%[31] - The total comprehensive income attributable to the parent company for Q1 2022 was approximately -¥20.86 million, compared to ¥46.31 million in Q1 2021, indicating a significant decline[31] Cash Flow - The net cash flow from operating activities was negative at -¥578,787,831.53, a decline of 1,106.56% compared to the previous year[6] - The cash flow from operating activities for Q1 2022 was -¥578.79 million, compared to -¥47.97 million in Q1 2021, showing a worsening cash flow situation[35] - The total cash inflow from operating activities for Q1 2022 was approximately ¥25.46 billion, an increase of 6.94% from ¥23.80 billion in Q1 2021[35] - The cash flow from investing activities for Q1 2022 was approximately ¥468.14 million, a turnaround from -¥496.60 million in Q1 2021, indicating improved investment cash flow[37] - The cash flow from financing activities for Q1 2022 was approximately ¥717.39 million, down from ¥1.53 billion in Q1 2021, reflecting a decrease of 53%[37] Assets and Liabilities - Total assets increased by 2.11% to ¥29,913,721,449.28 compared to the end of the previous year[9] - The company's total assets amounted to ¥29,913,721,449.28, up from ¥29,295,375,810.03 year-over-year, indicating a growth of 2.1%[26] - Current liabilities increased to ¥11,660,510,060.28 in Q1 2022, compared to ¥9,851,373,282.93 in Q1 2021, reflecting a rise of 18.3%[26] - Non-current liabilities decreased to ¥4,274,603,464.54 from ¥5,454,436,806.87, showing a decline of 21.6%[26] - The company's equity attributable to shareholders totaled ¥13,275,563,688.32, slightly down from ¥13,296,422,397.78 in the previous year[26] Income and Expenses - Interest income increased significantly by 104.93% to ¥16,022,784.61, while commission income decreased by 5.12% to ¥183,039,133.71[6] - Interest income rose significantly to ¥16,022,784.61 in Q1 2022, compared to ¥7,818,551.94 in Q1 2021, representing an increase of 105.5%[26] - The company reported a financial expense of ¥47,505,396.14, which is an increase from ¥18,311,773.83 in the same quarter last year[29] - Total operating costs increased to ¥4,918,424,163.28 in Q1 2022, compared to ¥4,170,383,751.34 in Q1 2021, marking a rise of 17.9%[28] Investments and Capital - The company completed a capital increase of RMB 169,920,000 for Zhejiang Jin Trust, raising its stake from 78% to 87.01%[19] - The company plans to issue up to 519,058,371 A-shares to raise a maximum of RMB 242,742.85 million for various projects, including increasing capital for Zhejiang Jin Trust[19] - The company’s long-term equity investments were reported at RMB 2,675,050,124.62, a slight decrease from RMB 2,710,039,788.34[22] - The company is actively pursuing a non-public offering of A-shares, which is currently under regulatory review[19] Market Strategy - The company’s strategy includes expanding its market presence and enhancing product offerings in the insurance sector[19] Other Financial Metrics - The weighted average return on equity dropped by 49.79% to 0.30%[9] - Non-recurring losses included a loss of -¥162,035,191.37 from fair value changes of financial assets, which is considered part of the company's main business[12] - The company reported a total current assets of RMB 14,329,945,174.24 as of March 31, 2022, a slight decrease from RMB 14,404,307,430.97 on December 31, 2021, representing a decline of approximately 0.52%[22] - Cash and cash equivalents increased to RMB 6,137,771,730.56 from RMB 5,482,960,361.25, showing a growth of about 11.93% year-over-year[22] - The company's accounts receivable rose to RMB 299,645,681.11, up from RMB 224,517,722.36, indicating an increase of approximately 33.47%[22] - The total non-current assets amounted to RMB 15,000,000,000, with a slight decrease from the previous period[22]