VVFB(SH:600300)2022-04-29 16:00Financial Performance - The company's revenue for Q1 2022 was CNY 1,117,511,528.33, representing a year-on-year increase of 4.08%[2] - Net profit attributable to shareholders decreased by 52.75% to CNY 30,319,312.14, primarily due to rising raw material and fuel procurement costs, leading to a 17% decline in gross profit[4] - The basic and diluted earnings per share both fell by 50.00% to CNY 0.02[4] - Total operating revenue for Q1 2022 was CNY 1,117,511,528.33, an increase of 4.1% compared to CNY 1,073,703,308.85 in Q1 2021[15] - Operating profit for Q1 2022 decreased to CNY 46,226,587.30, down 46% from CNY 85,453,964.97 in Q1 2021[15] - The total profit for Q1 2022 was ¥47,183,237.90, a decrease of 45.1% compared to ¥86,045,773.41 in Q1 2021[16] - Net profit for Q1 2022 was ¥29,150,183.02, down 54.5% from ¥64,102,496.44 in Q1 2021[16] - Basic earnings per share for Q1 2022 was ¥0.02, compared to ¥0.04 in Q1 2021, reflecting a 50% decrease[16] - Net profit margin for Q1 2022 was approximately 4.1%, down from previous periods[15] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -80,975,746.93, indicating a significant cash outflow[2] - Cash flow from operating activities for Q1 2022 was negative at -¥80,975,746.93, an improvement from -¥285,834,899.30 in Q1 2021[18] - Total cash outflow from financing activities in Q1 2022 was $271.51 million, a decrease of 53% compared to $576.96 million in Q1 2021[29] - Net cash flow from financing activities in Q1 2022 was -$221.51 million, improving from -$297.16 million in Q1 2021[29] - The net increase in cash and cash equivalents for Q1 2022 was -$222.92 million, compared to -$666.15 million in Q1 2021, indicating a significant reduction in cash burn[29] - The ending balance of cash and cash equivalents as of Q1 2022 was $63.51 million, down from $518.94 million in Q1 2021[29] - The beginning balance of cash and cash equivalents for Q1 2022 was $286.43 million, a decrease of 75.8% from $1.19 billion in Q1 2021[29] Assets and Liabilities - The total assets at the end of Q1 2022 were CNY 4,756,483,951.37, down 7.80% from the end of the previous year[3] - Total assets decreased to CNY 4,756,483,951.37 from CNY 5,158,848,551.06, a decline of 7.8%[10] - Total liabilities decreased to CNY 1,649,886,695.11 from CNY 2,071,956,249.19, a reduction of 20.3%[10] - The company reported a decrease in short-term borrowings from CNY 779,700,000.00 to CNY 558,900,000.00, a decline of 28.3%[9] - Total assets as of March 31, 2022, were ¥4.47 billion, down 6.4% from ¥4.77 billion at the end of 2021[24] - Total liabilities decreased to ¥1.99 billion, a reduction of 14.6% from ¥2.33 billion at the end of 2021[24] - Current liabilities totaled ¥1.61 billion, down 17.3% from ¥1.95 billion at the end of 2021[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 66,058[6] - The largest shareholder, Xuzhou Xingsheng Investment Holding Group Co., Ltd., holds 29.90% of the shares, totaling 499,928,000 shares[6] - The company's total equity attributable to shareholders increased slightly by 0.27% to CNY 3,039,390,450.34 compared to the end of the previous year[3] - The total equity as of March 31, 2022, was ¥2.47 billion, an increase of 1.5% from ¥2.44 billion at the end of 2021[24] Research and Development - Research and development expenses for Q1 2022 were CNY 1,847,440.59, an increase from CNY 1,693,854.06 in Q1 2021, indicating a focus on innovation[15] - Research and development expenses for Q1 2022 were ¥1.51 million, slightly up from ¥1.47 million in Q1 2021[25] Investment Activities - Investment activities generated a net cash outflow of -¥48,929,867.76 in Q1 2022, compared to -¥7,600,490.44 in Q1 2021[19] - Long-term equity investments increased to CNY 33,493,761.66 from CNY 33,124,587.02, reflecting a growth of 1.1%[9] - The company’s long-term equity investments remained stable at ¥1,134,677,152.53 as of March 31, 2022[22]