ATLANTIC(SH:600558)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 896,131,656.42, a decrease of 0.89% compared to the same period last year[4] - The net profit attributable to shareholders was CNY 19,323,693.45, down 37.14% year-on-year[4] - The basic earnings per share were CNY 0.0215, reflecting a decline of 37.13%[4] - Total revenue for Q1 2022 was ¥896.13 million, a decrease of 0.1% compared to ¥904.15 million in Q1 2021[23] - Net profit for Q1 2022 was ¥23.82 million, down 38.5% from ¥38.74 million in Q1 2021[23] - Operating profit for Q1 2022 was ¥29.54 million, a decline of 38.5% compared to ¥48.08 million in Q1 2021[23] Cash Flow - The net cash flow from operating activities was negative at CNY -59,048,093.89, an increase in outflow of 23.45% compared to the previous year[4] - Cash inflow from operating activities for Q1 2022 was $668.13 million, a slight increase from $661.84 million in Q1 2021, representing a growth of 0.4%[29] - Net cash flow from operating activities in Q1 2022 was -$59.05 million, an improvement compared to -$77.14 million in Q1 2021, indicating a reduction in cash outflow by approximately 23.5%[29] - The net increase in cash and cash equivalents for Q1 2022 was -$65.61 million, compared to -$60.19 million in Q1 2021, indicating a worsening cash position[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,204,950,179.48, an increase of 1.65% from the end of the previous year[4] - Total assets as of March 31, 2022, were ¥3.20 billion, an increase from ¥3.15 billion as of December 31, 2021[18] - Total liabilities increased to ¥858.33 million as of March 31, 2022, compared to ¥830.18 million at the end of 2021[18] - Cash and cash equivalents decreased to ¥238.38 million from ¥308.38 million, indicating a liquidity contraction[16] Expenses - Accounts receivable increased by 121.86%, primarily due to the implementation of a credit sales policy[7] - Long-term deferred expenses rose by 49.30%, mainly due to increased renovation costs for leased factories[7] - Financial expenses surged by 96.02%, influenced by increased discounting of notes and foreign exchange losses[7] - The total profit decreased by 38.84%, primarily due to a reduction in gross profit[7] - Research and development expenses increased to ¥11.02 million in Q1 2022, up from ¥9.44 million in Q1 2021, reflecting a focus on innovation[23] Tax and Equity - The company reported a significant increase in tax liabilities, with a rise of 92.22% in payable taxes[7] - The total equity attributable to shareholders increased to ¥2.16 billion from ¥2.14 billion, indicating a stable equity position[20] Cash Activities - Cash outflow from investing activities in Q1 2022 was $15.46 million, up from $13.44 million in Q1 2021, reflecting an increase of 14.9%[31] - Net cash flow from financing activities in Q1 2022 was $8.75 million, a decrease of 69.5% compared to $28.66 million in Q1 2021[31] - Total cash and cash equivalents at the end of Q1 2022 stood at $236.07 million, down from $241.08 million at the end of Q1 2021, a decline of 2.0%[31] - Cash inflow from financing activities in Q1 2022 included $98.82 million from borrowings, slightly down from $99.71 million in Q1 2021[31] - Cash outflow for debt repayment in Q1 2022 was $84.23 million, an increase of 22.1% from $68.92 million in Q1 2021[31] - The company reported a cash inflow from the disposal of fixed assets of $105.20 thousand in Q1 2022, significantly lower than $1.78 million in Q1 2021[29] - The company experienced a foreign exchange impact of $45.99 thousand on cash and cash equivalents in Q1 2022, contrasting with a negative impact of -$53.43 thousand in Q1 2021[31]