ACEG(SH:600502)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 14,530,189,488.56, representing a year-on-year increase of 2.96%[6] - The net profit attributable to shareholders of the listed company was CNY 312,160,793.66, reflecting a growth of 7.24% compared to the same period last year[6] - Basic earnings per share for the period were CNY 0.18, up by 5.88% year-on-year[6] - The company reported a total profit of CNY 503,333,175.26 for Q1 2022, up from CNY 481,920,125.62 in Q1 2021, reflecting a growth of about 4.3%[29] - The company's total comprehensive income for Q1 2022 was CNY 414,869,553.52, compared to CNY 364,107,327.39 in Q1 2021, representing an increase of about 14%[31] - The net profit for Q1 2022 reached CNY 400,079,967.17, an increase from CNY 361,798,991.38 in Q1 2021, representing a growth of approximately 10.4%[29] - The total profit for Q1 2022 was ¥41,067,208.79, compared to ¥20,112,572.23 in Q1 2021, reflecting a growth of about 104%[43] Cash Flow - The net cash flow from operating activities was negative at CNY -4,078,055,336.25, a decrease of 39.09% year-on-year, primarily due to increased net expenditures on PPP projects and reduced net inflows from real estate[11] - The company's cash inflow from operating activities was CNY 19,034,222,892.31 in Q1 2022, compared to CNY 19,434,212,744.89 in Q1 2021, showing a slight decline[31] - The company's cash flow from operating activities showed a net outflow of ¥586,127,117.25 in Q1 2022, worsening from a net outflow of ¥153,982,032.18 in Q1 2021[45] - Cash inflow from financing activities was 8,783,255,916.38, down from 10,495,601,762.56, showing a reduction in financing cash inflow[33] - Investment activities resulted in a net cash outflow of ¥390,888,275.88 in Q1 2022, compared to a net outflow of ¥438,251,642.75 in Q1 2021[48] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 127,648,256,617.34, showing a slight increase of 0.61% from the end of the previous year[9] - The total current assets as of March 31, 2022, amounted to CNY 85,188,789,983.39, slightly down from CNY 85,626,874,188.69 at the end of 2021[22] - Total current liabilities decreased to CNY 73,617,831,708.93 from CNY 77,182,908,558.58, a reduction of approximately 4.67%[23] - The total liabilities amounted to 23,577,716,946.09, slightly down from 23,850,023,680.37, indicating a minor decrease in total liabilities[39] - The total assets decreased to 31,501,080,377.56 from 31,634,243,178.56, reflecting a reduction in total assets[39] Shareholder Information - The equity attributable to shareholders of the listed company was CNY 11,590,150,302.82, which is an increase of 3.60% compared to the end of the previous year[9] - The total number of ordinary shareholders at the end of the reporting period was 70,966[12] - The largest shareholder, Anhui Construction Group Holding Co., Ltd., held 32.32% of the shares, totaling 556,265,118 shares[15] Expenses - Total operating costs for Q1 2022 were CNY 14,135,748,163.12, compared to CNY 13,749,142,768.83 in Q1 2021, indicating an increase of about 2.81%[25] - Financial expenses, including interest expenses, rose to CNY 399,397,552.12 in Q1 2022 from CNY 352,247,851.47 in Q1 2021, an increase of approximately 13.4%[29] - The company’s tax expenses decreased to CNY 103,253,208.09 in Q1 2022 from CNY 120,121,134.24 in Q1 2021, a reduction of about 14.1%[29] - The company’s financial expenses decreased to ¥32,678,908.91 in Q1 2022 from ¥50,846,837.08 in Q1 2021, a reduction of approximately 36%[43] Research and Development - Research and development expenses increased significantly to CNY 189,248,531.08 in Q1 2022, compared to CNY 75,485,897.84 in Q1 2021, marking an increase of approximately 150.5%[29] - The company’s research and development expenses were reported at ¥5,157.88 in Q1 2022, indicating a focus on innovation despite overall cost management[43]