JAC(SH:600418)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥9,761,453,379.70, a decrease of 16.43% compared to the same period last year[4] - The net profit attributable to shareholders was -¥290,199,501.59, representing a decline of 253.45% year-on-year[4] - The company reported a basic and diluted earnings per share of -¥0.13, a decrease of 230.00% compared to the previous year[5] - The net profit for Q1 2022 was -331,763,750.06 RMB, compared to a net profit of 175,766,864.92 RMB in Q1 2021, indicating a significant decline[18] - The total comprehensive income for Q1 2022 was -335,362,175.24 RMB, compared to 173,083,090.64 RMB in Q1 2021, indicating a significant drop[19] - The total operating profit for Q1 2022 was -262,870,873.60 RMB, a decrease from the operating profit of 147,730,937.44 RMB in Q1 2021[18] Cash Flow - The net cash flow from operating activities increased by 236.16% to ¥1,164,941,744.17, primarily due to increased tax refunds and government subsidies received[8] - Cash flow from operating activities generated a net inflow of 1,164,941,744.17 RMB in Q1 2022, compared to 346,545,207.33 RMB in Q1 2021, showing a substantial increase[20] - The company received cash inflows from investment activities totaling 1,990,608,201.49 RMB in Q1 2022, compared to 833,324,515.26 RMB in Q1 2021, marking a notable increase[20] - The company reported a net cash outflow from investment activities of -169,955,427.15 RMB in Q1 2022, an improvement from -818,917,587.42 RMB in Q1 2021[20] - The net cash flow from financing activities was -¥724,270,281.57, contrasting with a positive net cash flow of ¥1,439,104,035.61 in Q1 2021[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥47,287,566,544.26, reflecting a 1.98% increase from the end of the previous year[5] - Total liabilities increased to RMB 31,756,952,072.57 in Q1 2022 from RMB 30,502,831,379.84 in Q1 2021, indicating a rise of 4.1%[15] - The total equity attributable to shareholders was RMB 14,957,453,966.14, down from RMB 15,241,921,572.96 in Q1 2021, reflecting a decrease of 1.9%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 176,954[9] - The largest shareholder, Anhui Jianghuai Automobile Group Holding Co., Ltd., held 615,400,702 shares, accounting for 28.18% of the total shares[9] Costs and Expenses - Total operating costs for Q1 2022 were RMB 10,232,944,086.77, down 13.3% from RMB 11,793,019,815.57 in Q1 2021[16] - The company incurred financial expenses of 46,434,378.20 RMB in Q1 2022, slightly up from 44,087,136.76 RMB in Q1 2021[18] - Research and development expenses increased to 294,734,122.57 RMB in Q1 2022 from 283,414,685.40 RMB in Q1 2021, reflecting a growth of approximately 4.6%[18] Inventory and Receivables - Accounts receivable increased to RMB 3,596,204,015.07 in Q1 2022 from RMB 2,182,106,279.03 in Q1 2021, reflecting a growth of 64.8%[13] - Inventory as of March 31, 2022, was RMB 2,798,667,624.99, up from RMB 2,618,210,603.43 in Q1 2021, marking a growth of 6.9%[13] Non-recurring Items - Non-recurring gains and losses amounted to ¥189,338,326.63, with significant contributions from government subsidies[7] - The decline in net profit was mainly attributed to the impact of the pandemic, chip shortages, and rising raw material costs[8]