Aerosun(SH:600501)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥511,296,367.29, representing a decrease of 16.52% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥10,834,256.19, a decline of 181.31% year-on-year[5]. - The net profit for Q1 2022 was -12,573,649.98 RMB, compared to a net profit of 10,129,613.20 RMB in Q1 2021, indicating a significant decline[18]. - The total comprehensive loss for Q1 2022 was -12,585,899.56 RMB, compared to a comprehensive income of 10,119,190.00 RMB in Q1 2021[18]. - The company reported a basic and diluted earnings per share of -0.03 RMB for Q1 2022, down from 0.03 RMB in Q1 2021[19]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥1,047,491,164.04, reflecting a decrease of 101.20% compared to the previous year[5]. - The net cash flow from operating activities was -1,047,491,164.04 RMB in Q1 2022, compared to -520,618,607.98 RMB in Q1 2021, indicating a worsening cash flow situation[20]. - Cash and cash equivalents at the end of Q1 2022 were 484,593,526.48 RMB, a decrease from 1,160,597,364.20 RMB at the beginning of the quarter[21]. - The company's cash and cash equivalents decreased by 54.50% due to reduced cash collections during the reporting period[7]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,870,117,188.83, a decrease of 0.59% from the end of the previous year[5]. - The company's total assets stood at ¥5,870,117,188.83 in Q1 2022, down from ¥5,904,733,350.73 in Q1 2021, reflecting a decrease of 0.6%[15]. - Total liabilities decreased slightly to ¥3,471,537,897.65 in Q1 2022 from ¥3,500,119,031.88 in Q1 2021, a reduction of 0.8%[14]. Inventory and Receivables - Inventory increased by 25.77%, indicating a strategic buildup of stock[7]. - Inventory levels rose to ¥1,493,274,515.13 in Q1 2022, up from ¥1,187,314,430.68 in Q1 2021, representing a significant increase of 25.7%[13]. - Accounts receivable increased to ¥1,168,089,986.36 in Q1 2022 from ¥1,140,284,820.48 in Q1 2021, showing a growth of 2.4%[12]. Borrowings and Financing - Short-term borrowings increased by 58.35%, with new borrowings of ¥400 million during the reporting period[7]. - Short-term borrowings increased to ¥996,747,668.71 in Q1 2022 from ¥629,460,446.51 in Q1 2021, marking a rise of 58.3%[14]. - The company raised 400,000,000.00 RMB through borrowings in Q1 2022, compared to no borrowings in Q1 2021[21]. Operating Costs - Total operating costs for Q1 2022 were ¥531,118,077.35, down from ¥612,223,113.05 in Q1 2021, reflecting a reduction of 13.3%[17]. - The total revenue from operating activities decreased to 335,114,793.65 RMB in Q1 2022, down from 858,657,896.41 RMB in Q1 2021, representing a decline of approximately 61.0%[20].