Zhejiang Longsheng(SH:600352)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was RMB 4,505,491,469.30, representing a year-on-year increase of 7.93%[4] - The net profit attributable to shareholders of the listed company was RMB 469,598,326.65, showing a significant decrease of 56.06% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 554,054,767.51, down by 27.87% year-on-year[4] - The basic earnings per share for the period was RMB 0.1443, a decrease of 56.56% year-on-year[4] - The weighted average return on net assets was 1.54%, down by 2.24 percentage points compared to the previous year[4] - Net profit for Q1 2022 was CNY 544,334,763.28, a decrease of 51.7% from CNY 1,128,612,061.09 in Q1 2021[17] - The net profit attributable to shareholders of the parent company was CNY 469,598,326.65, down 56.0% from CNY 1,068,791,971.38 in Q1 2021[17] - Basic earnings per share for Q1 2022 were CNY 0.1443, compared to CNY 0.3322 in Q1 2021[17] Cash Flow and Liquidity - The net cash flow from operating activities was RMB 210,044,046.67, a decline of 37.77% compared to the previous year[4] - In Q1 2022, Zhejiang Longsheng reported operating cash inflow of CNY 4,420,875,213.08, an increase from CNY 4,215,408,758.09 in Q1 2021, representing a growth of 4.87%[18] - The net cash flow from operating activities decreased to CNY 210,044,046.67 in Q1 2022, down from CNY 337,532,600.65 in Q1 2021, a decline of 37.73%[18] - Cash outflow from investment activities was CNY 292,302,201.82 in Q1 2022, significantly lower than CNY 2,509,441,383.40 in Q1 2021, indicating a reduction of 88.38%[19] - The net cash flow from financing activities in Q1 2022 was negative CNY 150,284,343.37, compared to a positive CNY 1,256,444,796.33 in Q1 2021, marking a substantial decrease[19] - The total cash and cash equivalents at the end of Q1 2022 stood at CNY 6,498,343,780.35, slightly down from CNY 5,844,870,139.65 at the end of Q1 2021[19] Assets and Liabilities - The total assets at the end of the reporting period were RMB 66,341,430,053.29, reflecting a slight increase of 0.94% from the end of the previous year[5] - The total liabilities reached approximately RMB 23.32 billion, up from RMB 23.12 billion, reflecting an increase of around 0.87%[14] - Total liabilities amounted to CNY 32,927,090,156.94, an increase from CNY 32,768,896,745.96 in the previous quarter[16] - Total equity increased to CNY 33,414,339,896.35 from CNY 32,957,610,542.34 in the previous quarter[16] - The company reported a total equity of approximately RMB 43.02 billion, up from RMB 42.60 billion, indicating a growth of about 0.98%[14] Operational Efficiency - The company reported a significant decrease in operating profit margin, primarily due to rising raw material procurement costs compared to the previous year[8] - Total operating costs for Q1 2022 were CNY 3,783,129,304.41, up 16.5% from CNY 3,247,127,330.61 in Q1 2021[16] - Cash paid for purchasing goods and services increased to CNY 2,610,227,870.84 in Q1 2022, up from CNY 1,879,837,796.35 in Q1 2021, an increase of 38.87%[18] Investments and Future Outlook - The company has ongoing investments in new technologies and product development, although specific figures were not disclosed in the report[13] - Future outlook includes plans for market expansion and potential mergers and acquisitions to enhance growth opportunities[13]