ZTT(SH:600522)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥9,289,537,821.56, a decrease of 13.32% compared to ¥11,001,492,311.30 in the same period last year[4] - Net profit attributable to shareholders was ¥1,015,574,894.09, representing a significant increase of 105.69% from ¥492,441,854.08 in the previous year[4] - Basic earnings per share increased to ¥0.302, up 84.49% from ¥0.163 in the same period last year[5] - Total operating revenue for Q1 2022 was ¥9,289,537,821.56, a decrease of 13.3% from ¥10,716,697,423.37 in Q1 2021[22] - Net profit for Q1 2022 reached ¥1,060,331,628.44, an increase of 96.1% compared to ¥540,754,069.93 in Q1 2021[24] - Total comprehensive income for Q1 2022 was CNY 987,671,452.28, compared to CNY 568,304,879.64 in Q1 2021, representing a year-over-year increase of approximately 73.7%[25] - Basic earnings per share for Q1 2022 was CNY 0.302, up from CNY 0.164 in Q1 2021, indicating an increase of 83.5%[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥48,428,099,199.17, reflecting a 5.07% increase from ¥45,631,714,971.49 at the end of the previous year[5] - The company's total assets reached ¥48,428,099,199.17, compared to ¥46,089,845,988.18 in Q1 2021[21] - The company's total liabilities as of Q1 2022 amounted to ¥19,427,766,661.71, up from ¥18,012,756,557.22 in Q1 2021[21] - The total amount of accounts payable increased to ¥6,546,025,734.19 from ¥5,178,537,991.94, reflecting a rise of 26.4%[22] - The company's short-term borrowings increased to approximately ¥4.02 billion from ¥3.46 billion, reflecting a rise of about 16.14%[19] Cash Flow - The company reported a net cash flow from operating activities of -¥2,259,399,152.07, compared to -¥1,592,736,706.76 in the same period last year[5] - Cash flow from operating activities in Q1 2022 was negative CNY 2,259,399,152.07, compared to negative CNY 1,591,884,133.75 in Q1 2021, reflecting a decline in cash flow[28] - Cash inflow from operating activities totaled CNY 7,802,408,242.13 in Q1 2022, down from CNY 12,087,694,862.55 in Q1 2021, a decrease of approximately 35.5%[28] - Cash outflow from operating activities was CNY 10,061,807,394.20 in Q1 2022, compared to CNY 13,679,578,996.30 in Q1 2021, a reduction of about 26.5%[28] - Net cash flow from investing activities was negative CNY 292,697,961.50 in Q1 2022, an improvement from negative CNY 387,399,552.17 in Q1 2021[29] - Net cash flow from financing activities was CNY 466,977,830.87 in Q1 2022, compared to negative CNY 450,265,348.41 in Q1 2021, indicating a positive shift in financing[29] - The ending balance of cash and cash equivalents was CNY 8,457,840,034.69 as of the end of Q1 2022, compared to CNY 7,424,648,978.12 at the end of Q1 2021, an increase of approximately 13.9%[29] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 116,731, with the largest shareholder holding 22.68% of the shares[11] - The top ten shareholders hold a significant portion of the company's shares, with the largest shareholder holding approximately 774.12 million shares, representing a substantial influence on company decisions[14] Business Operations - The company completed the acquisition of 100% equity in Zhongtian New Materials Co., Ltd. and Zhongtian Electric Technology Co., Ltd. in March 2022, which constitutes a business combination under common control[6] - The company recognized government subsidies amounting to ¥48,433,739.38, which are closely related to its normal business operations[7] - The company is focused on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[16] Research and Development - Research and development expenses for Q1 2022 were ¥302,050,532.99, an increase of 15.7% from ¥261,157,032.14 in Q1 2021[22]