SD(SH:600626)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 2,427,090,632.97, representing a decrease of 13.29% compared to the same period last year[3]. - The net profit attributable to shareholders of the listed company was a loss of CNY 69,768,229.19, a decline of 124.64% year-on-year[3]. - Basic and diluted earnings per share were both CNY -0.0630, down 118.96% from CNY 0.3322 in the same period last year[7]. - The company reported a total comprehensive loss of CNY 140,234,642.87 for Q1 2022, compared to a comprehensive income of CNY 267,226,741.01 in Q1 2021[20]. - The net profit for Q1 2022 was a loss of CNY 98,645,833.33, compared to a profit of CNY 264,999,025.23 in Q1 2021, representing a significant decline[19]. - The company experienced a significant decline in investment income, reporting a loss of CNY 84,170.43 in Q1 2022 compared to a profit of CNY 432,852,533.78 in Q1 2021[19]. Cash Flow and Liquidity - The net cash flow from operating activities was a negative CNY 120,372,692.68, with no applicable comparison from the previous year[3]. - Cash received from sales of goods and services in Q1 2022 was CNY 2,888,552,682.63, slightly down from CNY 2,905,056,873.68 in Q1 2021[22]. - The net cash flow from operating activities was -120,372,692.68 RMB, an improvement from -143,739,458.75 RMB in the previous year, indicating a 16.5% reduction in cash outflow[23]. - Total cash and cash equivalents at the end of the period amounted to 1,437,621,396.99 RMB, down from 2,001,802,461.73 RMB year-over-year, reflecting a decrease of 28.1%[24]. - Cash inflow from financing activities was 298,922,214.43 RMB, significantly lower than 1,307,167,930.55 RMB in the same quarter last year, representing a decline of 77.1%[23]. - The company's cash outflow for operating activities totaled 3,379,348,737.57 RMB, a decrease from 3,425,270,022.50 RMB, reflecting a 1.3% improvement[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,705,246,640.37, an increase of 0.34% from the end of the previous year[4]. - The total liabilities as of Q1 2022 amounted to CNY 6,250,719,805.69, an increase from CNY 6,076,588,120.71 in the previous year[19]. - The total current liabilities increased to approximately ¥2.8 billion from ¥2.6 billion, indicating a 7.7% rise[14]. - The total equity attributable to shareholders of the parent company was CNY 3,184,316,871.10, down from CNY 3,281,221,952.09 in Q1 2021[19]. - The company's total equity as of March 31, 2022, was 3,660,492,038.99 RMB, slightly down from 3,661,501,387.66 RMB, reflecting a decrease of 0.03%[27]. Operational Challenges - The company reported a significant decrease in net profit due to the impact of repeated COVID-19 outbreaks and rising energy costs in Europe, leading to reduced sales and lower gross margins[6]. - In Q1 2022, the company experienced a decline in revenue and net profit due to the impact of COVID-19 lockdowns in Shanghai[11]. - The company is actively working on resuming full production and adjusting plans based on the pandemic situation to meet customer demand[12]. - The company has resumed operations for some of the previously shut down enterprises, with 666 key enterprises in Shanghai on the recovery list[11]. - The company is preparing to launch new strategies to enhance market expansion and product development in response to the current challenges[12]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 47,302[8]. - The largest shareholder, Shanghai Shenda (Group) Co., Ltd., held 46.98% of the shares, amounting to 520,514,373 shares[9].