FOTON(SH:600166)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥12,387,399,320.43, a decrease of 21.94% compared to the same period last year[4] - The net profit attributable to shareholders was ¥135,386,326.92, down 63.46% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥79,648,136.08, a decline of 75.36% compared to the previous year[4] - The basic earnings per share for the quarter was ¥0.021, representing a decrease of 63.16% year-on-year[4] - Total revenue for Q1 2022 was CNY 12,387,399,320.43, a decrease of 22.5% compared to CNY 15,869,560,025.78 in Q1 2021[17] - Operating profit for Q1 2022 was CNY 128,085,887.76, compared to CNY 369,370,294.97 in Q1 2021, indicating a decline of 65.3%[18] - Net profit for Q1 2022 was CNY 144,775,614.80, down from CNY 375,139,369.26 in Q1 2021, representing a decrease of 61.4%[18] - The net profit attributable to the parent company's shareholders for Q1 2022 was approximately ¥135.39 million, a decrease from ¥370.54 million in Q1 2021, representing a decline of 63.5%[19] - The total comprehensive income for Q1 2022 was approximately ¥183.80 million, down from ¥390.61 million in Q1 2021, indicating a decrease of 53.0%[19] - The basic earnings per share for Q1 2022 was ¥0.02, compared to ¥0.06 in Q1 2021, reflecting a decline of 66.7%[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥51,404,708,268.30, an increase of 5.27% from the end of the previous year[5] - The equity attributable to shareholders was ¥10,660,329,616.39, up 1.79% from the previous year[5] - The company reported a total current asset of RMB 24,322,704,487.35 as of March 31, 2022, an increase from RMB 21,638,489,685.53 at the end of December 2021, representing a growth of approximately 12.5%[15] - Cash and cash equivalents amounted to RMB 8,467,849,489.63, up from RMB 6,576,166,701.31, indicating a significant increase of about 28.8%[15] - Accounts receivable increased to RMB 4,436,529,202.37 from RMB 3,816,927,838.11, reflecting a rise of approximately 16.2%[15] - Inventory levels rose to RMB 6,510,686,270.51 compared to RMB 6,018,429,539.03, marking an increase of around 8.2%[15] - Current liabilities rose to CNY 35,593,659,144.15, compared to CNY 33,707,187,848.42, an increase of 5.6%[16] - Long-term borrowings increased to CNY 3,872,787,325.40 from CNY 3,395,795,733.99, reflecting a growth of 14%[17] Cash Flow - The net cash flow from operating activities was ¥891,695,801.20, with an increase attributed to received payments and new energy subsidies[8] - Cash inflows from operating activities for Q1 2022 totaled approximately ¥10.20 billion, an increase of 15.9% from ¥8.80 billion in Q1 2021[21] - The net cash flow from operating activities for Q1 2022 was approximately ¥891.70 million, a significant improvement from a net outflow of ¥391.04 million in Q1 2021[21] - The net cash flow from investing activities for Q1 2022 was approximately -¥182.55 million, compared to a positive cash flow of ¥379.50 million in Q1 2021, indicating a shift in investment strategy[22] - The net cash flow from financing activities for Q1 2022 was approximately ¥1.41 billion, a recovery from a net outflow of ¥773.74 million in Q1 2021[22] - The total cash and cash equivalents at the end of Q1 2022 amounted to approximately ¥7.18 billion, up from ¥3.20 billion at the end of Q1 2021, showing a growth of 124.4%[22] - The company reported a tax refund of approximately ¥250.90 million in Q1 2022, compared to ¥121.07 million in Q1 2021, indicating improved tax management[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 186,635[9] - The company reported a total of 44,194,251 shares in its repurchase account, accounting for 0.67% of the total share capital[11] - The largest shareholder, Beijing Automotive Group Co., Ltd., holds 28,000,000 shares, representing 0.43% of the total share capital[11] Non-Recurring Items - Non-recurring gains and losses amounted to ¥55,738,190.84, primarily influenced by government subsidies[7] - The company has recognized a significant impairment provision related to Beijing Baowo, impacting the financial results for 2021, with specific details pending final audit confirmation[14]