CPEC(SH:600339)2022-04-29 16:00Financial Performance - The company achieved operating revenue of RMB 17.48 billion, representing a year-on-year increase of 30.58%[3] - Net profit attributable to shareholders was RMB 156.21 million, up 17.52% compared to the same period last year[3] - The net profit after deducting non-recurring gains and losses was RMB 134.87 million, reflecting a 23.90% increase year-on-year[3] - Basic and diluted earnings per share were both RMB 0.028, an increase of 17.65% year-on-year[3] - Total operating revenue for Q1 2022 was approximately ¥17.48 billion, a 30.5% increase from ¥13.38 billion in Q1 2021[13] - Net profit for Q1 2022 was approximately ¥157.94 million, compared to ¥134.56 million in Q1 2021, representing a 17.4% increase[14] - Earnings per share for Q1 2022 were ¥0.0280, an increase from ¥0.0238 in Q1 2021[14] - The company achieved a profit before tax of approximately ¥248.03 million in Q1 2022, compared to ¥207.56 million in Q1 2021, marking a 19.5% increase[14] Cash Flow and Assets - The company reported a net cash flow from operating activities of RMB -10.37 billion, which is not applicable for year-on-year comparison[3] - In Q1 2022, the cash inflow from sales and services was approximately ¥14.55 billion, a decrease of 8.3% compared to ¥15.87 billion in Q1 2021[16] - The net cash flow from operating activities was negative at approximately -¥10.37 billion, worsening from -¥5.43 billion in the same period last year[16] - Total cash outflow from operating activities amounted to approximately ¥25.95 billion, an increase of 16.1% from ¥22.26 billion in Q1 2021[16] - The net cash flow from investing activities was approximately ¥9.31 billion, up from ¥6.44 billion in Q1 2021, indicating a significant increase of 44.5%[17] - The ending balance of cash and cash equivalents was approximately ¥21.18 billion, an increase from ¥19.92 billion at the end of Q1 2021[17] Research and Development - The company incurred research and development expenses of RMB 1.41 billion, an increase of RMB 640 million year-on-year[3] - Research and development expenses for Q1 2022 were approximately ¥140.73 million, a significant increase of 83.4% from ¥76.42 million in Q1 2021[13] Assets and Liabilities - Total assets at the end of the reporting period were RMB 103.25 billion, a decrease of 1.23% from the end of the previous year[3] - The company's total assets as of March 31, 2022, were 103.25 billion RMB, a decrease from 104.54 billion RMB at the end of 2021[11] - Current assets totaled 94.53 billion RMB, slightly down from 95.55 billion RMB at the end of 2021[10] - The company reported a total liability of 73.53 billion RMB, with accounts payable at 33.81 billion RMB, showing an increase from 33.55 billion RMB[11] - Total liabilities decreased to approximately ¥78.21 billion in Q1 2022 from ¥79.65 billion in Q1 2021, a reduction of 1.8%[12] - Total equity increased to approximately ¥25.05 billion in Q1 2022 from ¥24.89 billion in Q1 2021, reflecting a growth of 0.7%[12] Contracts and Projects - In Q1 2022, the company signed new contracts worth 20.53 billion RMB, with domestic contracts accounting for 17.44 billion RMB (85%) and international contracts 3.09 billion RMB (15%)[8] - The new contracts included 6.18 billion RMB (30.1%) for oil and gas field surface engineering, 5.28 billion RMB (25.7%) for pipeline and storage engineering, and 4.62 billion RMB (22.5%) for refining and chemical engineering[8] Other Financial Metrics - The weighted average return on equity was 0.63%, an increase of 0.09 percentage points compared to the previous year[3] - The company reported a foreign exchange loss of RMB 166 million, primarily due to fluctuations in the exchange rates of the US dollar and ruble[3] - The company emphasized the importance of safety production and pandemic prevention while accelerating the pace of key project construction[3] - The company paid approximately ¥3.10 billion in employee compensation, which is an increase of 8.8% from ¥2.85 billion in Q1 2021[16] - The total cash outflow for taxes was approximately ¥618.64 million, up from ¥555.71 million in the same period last year, representing an increase of 11.3%[16]