Saurer Intelligent(SH:600545)2022-04-29 16:00Financial Performance - The company's revenue for Q1 2022 was CNY 1,131,238 thousand, representing a decrease of 8.9% compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 455,009 thousand, showing a significant increase of 2,537.9% year-on-year[3]. - The company reported a net profit of CNY 952,374 thousand for the first quarter of 2022, compared to CNY 497,365 thousand in the same period of 2021, marking an increase of approximately 91.3%[13]. - Net profit for Q1 2022 reached 569,204 thousand RMB, significantly up from 28,410 thousand RMB in Q1 2021, marking an increase of 1,905.5%[16]. - Operating profit for Q1 2022 was 815,690 thousand RMB, compared to 30,270 thousand RMB in Q1 2021, reflecting a substantial increase[16]. - Total comprehensive income for Q1 2022 was 579,213 thousand RMB, compared to a loss of -84,786 thousand RMB in Q1 2021[17]. Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -251,003 thousand, a decline of 147.4% compared to the previous year[3]. - Cash flow from operating activities showed a net outflow of -251,003 thousand RMB in Q1 2022, down from a net inflow of 529,124 thousand RMB in Q1 2021[18]. - The company's cash and cash equivalents were CNY 767,684 thousand, compared to CNY 1,079,170 thousand at the end of 2021, reflecting a decrease of approximately 29%[12]. - Cash and cash equivalents at the end of Q1 2022 were 491,756 thousand RMB, compared to 268,236 thousand RMB at the end of Q1 2021, indicating an increase of 83.6%[19]. - Total assets at the end of the reporting period were CNY 11,108,967 thousand, down 8.4% from the end of the previous year[4]. - Current assets totaled CNY 7,142,342 thousand, down from CNY 8,048,711 thousand in the previous period[12]. - Total liabilities decreased to CNY 6,350,147 thousand from CNY 7,938,289 thousand, indicating a reduction of approximately 20%[13]. Shareholder Information - The number of common shareholders at the end of the reporting period was 62,296[8]. - The top shareholder, Jiangsu Jinsheng Industrial Co., Ltd., held 889,759,677 shares, accounting for 46.94% of total shares[8]. Equity and Return Metrics - The company's equity attributable to shareholders increased by 14.1% to CNY 3,757,913 thousand compared to the end of the previous year[4]. - The company's equity attributable to shareholders rose to CNY 3,757,913 thousand from CNY 3,294,859 thousand, an increase of about 14%[13]. - The weighted average return on equity was 12.9%, an increase of 12.46 percentage points[3]. Research and Development - Research and development expenses decreased by 32.6% due to the sale of certain business segments[6]. - Research and development expenses decreased to 63,750 thousand RMB in Q1 2022 from 94,539 thousand RMB in Q1 2021, a reduction of 32.7%[16]. - The company has ongoing research and development efforts, with intangible assets valued at CNY 768,640 thousand as of March 31, 2022[12]. Investment and Market Strategy - The company reported a significant increase in investment income due to the disposal of business units, contributing to the overall profit[6]. - The company reported a significant increase in investment income of 877,071 thousand RMB in Q1 2022, with no corresponding figure in Q1 2021[16]. - The company plans to expand its market presence and continue developing new technologies in the upcoming quarters[6]. Financial Expenses - The company experienced a 602.3% increase in financial expenses, primarily due to exchange rate fluctuations[6].