CRE(SH:600217)2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥710,980,894.01, representing a decrease of 8.63% compared to the same period last year[6] - Net profit attributable to shareholders was ¥16,376,988.54, a significant decline of 85.44% year-over-year[6] - Basic earnings per share dropped to ¥0.0118, down 85.43% from ¥0.0810 in the same period last year[8] - The net profit after deducting non-recurring gains and losses was ¥14,889,941.21, down 85.84% year-over-year[8] - Operating profit for Q1 2022 was RMB 7,361,453.37, significantly down from RMB 132,516,022.33 in Q1 2021[36] - The net profit for the first quarter of 2022 was CNY 16,273,428.70, compared to CNY 111,582,298.70 in the same period of 2021, indicating a significant decrease[40] Cash Flow - The net cash flow from operating activities was negative at ¥47,852,938.68, a decrease of 135.90% compared to the previous year[8] - Cash inflow from operating activities totaled CNY 668,347,825.44, while cash outflow was CNY 716,200,764.12, resulting in a net cash outflow[42] - The cash flow from investing activities showed a net outflow of -CNY 24,106,471.03 in the first quarter of 2022, compared to -CNY 156,585,616.56 in the same period of 2021[45] - The cash flow from financing activities resulted in a net outflow of -CNY 138,625,756.00 in the first quarter of 2022, contrasting with a net inflow of CNY 288,113,982.66 in the previous year[45] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,050,072,213.30, reflecting a decrease of 1.93% from the end of the previous year[9] - Total liabilities amounted to RMB 4,605,723,869.68, a decrease from RMB 4,760,908,603.36[33] - Current liabilities decreased to RMB 2,996,887,955.37 from RMB 3,275,793,317.36[33] - Long-term borrowings increased to RMB 669,300,000.00 from RMB 546,380,000.00[33] Shareholder Information - The total number of common shareholders at the end of the reporting period is 40,339, with the largest shareholder holding 358,891,083 shares, representing 25.84%[20] - The company's equity attributable to shareholders increased to RMB 2,431,293,782.05 from RMB 2,414,916,793.51[33] Operational Highlights - The company experienced a decline in the processing volume of waste electrical and electronic products due to the impact of COVID-19 and adjustments in subsidy standards[25] - The company did not incur any research and development expenses during the reporting period, marking a 100% decrease[15] - The company has not disclosed any significant new product developments or market expansions during this reporting period[24] Future Plans - The company plans to raise up to RMB 94,835.49 million through a non-public offering of shares to fund various projects, including upgrades to recycling facilities[25] - The company is awaiting approval from the China Securities Regulatory Commission for its non-public share issuance[25] Other Financial Metrics - The company's cash and cash equivalents as of March 31, 2022, amount to RMB 973,949,714.65, a decrease from RMB 1,188,534,880.36 as of December 31, 2021[28] - The accounts receivable, including financing receivables, stand at RMB 4,769,350,659.15, compared to RMB 4,600,287,074.66 in the previous year[28] - The inventory value is reported at RMB 172,584,701.93, down from RMB 223,707,613.07 as of December 31, 2021[28] - The long-term equity investment is valued at RMB 103,267,956.05, a slight increase from RMB 102,741,789.64 in the previous year[28]