HKHC(SH:600162)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,072,258,907.62, representing an increase of 11.61% compared to the same period last year[5] - The net profit attributable to shareholders of the listed company was CNY 38,982,601.65, reflecting a significant increase of 58.37% year-on-year[5] - The basic earnings per share (EPS) for the period was CNY 0.0119, which is an increase of 63.01% compared to the previous year[5] - Net profit for Q1 2022 reached ¥44,884,493.41, significantly higher than ¥2,059,154.67 in Q1 2021, marking an increase of 2,080.5%[22] - Basic and diluted earnings per share for Q1 2022 were both ¥0.0119, compared to ¥0.0073 in Q1 2021, reflecting a 63.0% increase[22] - Total comprehensive income for Q1 2022 was ¥44,884,493.41, compared to ¥2,059,154.67 in Q1 2021, showing a substantial increase[22] Assets and Liabilities - The total assets at the end of the reporting period were CNY 28,441,168,530.83, a decrease of 4.05% from the end of the previous year[6] - The total assets as of March 31, 2022, amounted to CNY 28,441,168,530.83, a decrease from CNY 29,641,483,197.63 as of December 31, 2021[16] - The total liabilities as of March 31, 2022, were CNY 20,791,883,219.30, down from CNY 22,037,082,379.51 at the end of 2021[17] - The total equity attributable to shareholders increased to CNY 7,325,089,485.88 from CNY 7,286,106,884.23[17] Cash Flow - The net cash flow from operating activities was negative at CNY -363,497,436.30, which is not applicable for year-on-year comparison[5] - Cash flow from operating activities for Q1 2022 was negative at -¥363,497,436.30, an improvement from -¥634,134,038.21 in Q1 2021[25] - Cash and cash equivalents decreased to CNY 2,966,246,747.85 from CNY 3,559,039,309.29[15] - Cash and cash equivalents at the end of Q1 2022 totaled ¥1,883,946,334.73, down from ¥3,063,222,756.96 at the end of Q1 2021[26] - Cash inflow from financing activities in Q1 2022 was ¥1,105,200,000.00, compared to ¥1,913,279,257.64 in Q1 2021, indicating a decrease of 42.2%[26] - Net cash outflow from financing activities for Q1 2022 was -¥233,827,667.06, contrasting with a net inflow of ¥686,707,701.37 in Q1 2021[26] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 66,584[10] - The largest shareholder, Southern Xiangjiang Group Co., Ltd., held 38.89% of the shares, amounting to 1,320,619,361 shares[10] Strategic Partnerships and Activities - The company has a strategic partnership with Microsoft for cloud and mobile technology incubation, which has been ongoing since 2017[12] - The company hosted nearly 155 events and activities during the reporting period[14] - The company has received over 531 visits for exchanges and inspections[14] - The company opened the Unicorn Ranch office space on January 15, 2019[13] Inventory and Receivables - The accounts receivable increased to CNY 29,114,578.09 from CNY 23,306,641.14[15] - The inventory decreased to CNY 15,312,393,735.39 from CNY 15,860,709,785.55[15] Operating Costs and Tax Expenses - Total operating costs for Q1 2022 were ¥1,003,133,061.53, up 11.1% from ¥903,004,714.37 in Q1 2021[21] - The company reported a significant reduction in tax expenses, with income tax expense for Q1 2022 at ¥54,090,131.97, slightly down from ¥54,652,026.61 in Q1 2021[21]