SCG(SH:600170)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥53,025,330,121.45, a decrease of 16.28% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was -¥178,771,118.35, representing a decline of 227.18% year-on-year[5]. - The net profit for Q1 2022 was -¥115,948,262.47, compared to a net profit of ¥217,327,455.33 in Q1 2021, indicating a significant decline[20]. - Basic earnings per share for Q1 2022 were -¥0.028, down from ¥0.001 in Q1 2021[21]. - The company reported a total comprehensive income of approximately -¥59.68 million for Q1 2022, compared to -¥225.64 million in Q1 2021, indicating an improvement of about 73.5%[27]. Cash Flow - The net cash flow from operating activities was -¥23,924,186,149.44, down 22.32% from the previous year[5]. - Cash flow from operating activities in Q1 2022 was -¥23,924,186,149.44, compared to -¥19,558,399,921.55 in Q1 2021, showing a worsening cash flow situation[22]. - The cash inflow from financing activities was 6,911,125,144.83 RMB, compared to 14,420,059,120.92 RMB in the previous year, showing a decrease of approximately 52.0%[23]. - The net cash flow from financing activities was 2,101,269,176.41 RMB, down from 6,682,362,494.33 RMB, indicating a significant decrease of about 68.5%[23]. - The financing activities resulted in a net cash outflow of approximately ¥127.58 million in Q1 2022, compared to a net inflow of ¥1.61 billion in Q1 2021, reflecting a significant change in financing strategy[30]. Assets and Liabilities - Total assets at the end of the reporting period were ¥329,138,344,227.46, a decrease of 6.96% from the end of the previous year[6]. - The company's current assets totaled RMB 248.13 billion, down 10% from RMB 275.61 billion in the previous year[15]. - Total liabilities decreased to RMB 277.57 billion, down 8% from RMB 302.20 billion in the previous year[16]. - The company's total liabilities decreased to 56,999,221,851.98 RMB from 63,677,108,914.98 RMB, a reduction of about 10.5%[26]. - The company's total owner's equity decreased to 31,101,575,430.11 RMB from 31,227,275,002.80 RMB, a slight decline of about 0.4%[26]. Operational Impact - The company reported a significant impact on operations due to the Omicron variant, which may affect annual business targets[12]. - The company is committed to advancing business expansion while continuously assessing the impact on future financial conditions and operational results[12]. - The company reported a gross profit decline of ¥9.4 billion in construction operations, ¥1.0 billion in building materials, and ¥0.3 billion in real estate development due to the impact of the pandemic and real estate regulations[9]. Research and Development - Research and development expenses decreased by 38.64% year-on-year, impacted by the pandemic[8]. - Research and development expenses for Q1 2022 were ¥864,800,071.50, a decrease of 38.7% from ¥1,409,467,361.42 in Q1 2021[18]. - The company incurred research and development expenses of approximately ¥11.93 million in Q1 2022, a significant decrease from ¥23.51 million in Q1 2021, representing a reduction of about 49.3%[27]. Inventory and Receivables - Accounts receivable decreased to RMB 44.32 billion, a decline of 20% compared to RMB 55.21 billion in the previous year[15]. - The company's inventory increased to RMB 72.09 billion, up 3.8% from RMB 69.75 billion in the previous year[15]. - The company's inventory decreased to 672,696,052.76 RMB from 803,336,773.59 RMB, a decline of about 16.3%[25]. Other Financial Metrics - The company’s weighted average return on net assets was -0.81%, a decrease of 0.83 percentage points compared to the previous year[5]. - Other comprehensive income after tax for Q1 2022 was -¥49,466,629.15, compared to -¥11,971,039.52 in Q1 2021, reflecting increased losses in this area[20]. - The company reported a decrease in sales expenses to ¥140,492,413.09 from ¥189,153,275.97 in Q1 2021, a reduction of 25.7%[18].