SAC(SH:600268)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥934,563,152.06, representing a year-on-year increase of 24.14%[5]. - The net profit attributable to shareholders was -¥67,434,899.89, indicating a significant loss compared to the previous year[5]. - The net profit for the first quarter of 2022 was -47,357,140.09, an improvement from -52,763,793.28 in the same period of 2021, indicating a reduction in losses[21]. - Operating profit for the first quarter was -37,471,572.42, compared to -45,101,381.09 in the previous year, showing a positive trend[21]. - The company reported a net profit margin of approximately -5.7% for Q1 2022, reflecting the increase in operating costs outpacing revenue growth[18]. - The basic and diluted earnings per share were both -¥0.10, indicating a loss per share[5]. - The basic and diluted earnings per share remained at -0.10 for both the first quarter of 2022 and 2021[22]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥485,074,002.15, reflecting increased cash payments for goods and services compared to the same period last year[5][9]. - The cash flow from operating activities showed a net outflow of -485,074,002.15, worsening from -248,476,903.81 year-over-year[25]. - The company received cash inflows from operating activities totaling 1,191,113,849.15, while cash outflows amounted to 1,676,187,851.30, leading to a significant cash flow deficit[25]. - Cash and cash equivalents decreased to RMB 846,865,827.31 from RMB 1,776,666,552.70, a decline of 52.3% year-over-year[16]. - The cash and cash equivalents at the end of the period were 838,336,064.93, an increase from 583,252,746.91 at the end of the first quarter of 2021[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥8,551,119,920.63, down 8.08% from the end of the previous year[7]. - Total assets decreased to RMB 8,551,119,920.63 from RMB 9,302,961,087.17, a decline of 8.1%[17]. - Total liabilities decreased to RMB 5,044,777,464.39 from RMB 5,749,261,490.84, a reduction of 12.3%[18]. - Non-current assets totaled RMB 2,520,267,640.56, down from RMB 2,540,039,901.90[17]. - Accounts receivable decreased to RMB 3,169,302,749.70 from RMB 3,396,298,101.41, a reduction of 6.7%[16]. - Inventory increased to RMB 1,210,872,381.72, up 29.0% from RMB 937,850,942.90[16]. Shareholder Information - The company had a total of 58,415 common shareholders at the end of the reporting period[10]. - The largest shareholder, Huadian Group Nanjing Electric Automation Equipment Co., Ltd., held 54.55% of the shares[10]. - The equity attributable to shareholders decreased to ¥2,632,780,045.86, a decline of 2.50% from the previous year[7]. - Shareholders' equity decreased to RMB 3,506,342,456.24 from RMB 3,553,699,596.33, a decline of 1.3%[18]. Operating Costs and Expenses - Total operating costs for Q1 2022 were RMB 988,032,595.12, up 21.9% from RMB 810,820,401.19 in Q1 2021[18]. - The company incurred research and development expenses of 86,408,347.70, up from 72,146,504.51 in the previous year, indicating a focus on innovation[21]. - The financial expenses included interest expenses of 8,193,610.60, which increased from 7,516,369.71 year-over-year[21]. - Non-recurring gains and losses amounted to ¥3,871,081.49 after tax adjustments[7].