HNTY(SH:600698)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥83,616,862.79, representing a decrease of 50.76% compared to the same period last year[5] - The net profit attributable to shareholders was ¥400,390.97, down 89.51% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 155.86% to -¥1,416,013.71[5] - Basic and diluted earnings per share were both ¥0.0004, reflecting a decline of 88.89%[6] - Operating profit for Q1 2022 was CNY 382,590.97, down 89.9% from CNY 3,806,756.16 in the same period last year[22] - In Q1 2022, the company's net profit was CNY 400,390.97, a decrease of 89.5% compared to CNY 3,815,861.29 in Q1 2021[22] - Sales revenue from goods and services received in Q1 2022 was CNY 55,328,301.80, a decline of 28.6% from CNY 77,423,856.23 in Q1 2021[24] - The company incurred R&D expenses of CNY 2,642,887.69 in Q1 2022, down from CNY 8,512,229.44 in Q1 2021[22] - The company reported a decrease in sales expenses to CNY 3,358,942.59 in Q1 2022 from CNY 11,361,758.88 in Q1 2021[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,118,038,716.57, a slight increase of 0.70% from the end of the previous year[6] - Total assets amounted to CNY 1,118,038,716.57, compared to CNY 1,110,280,886.62 at the end of 2021, showing a slight increase of 0.7%[18] - Total liabilities increased to CNY 328,645,812.70 from CNY 321,699,699.24, reflecting a rise of 2.9%[18] - The company's total equity as of March 31, 2022, was CNY 789,392,903.87, a marginal increase from CNY 788,581,187.38[18] Cash Flow - The net cash flow from operating activities was ¥4,640,473.85, with significant reductions in cash payments to suppliers[10] - Cash flow from operating activities generated a net amount of CNY 4,640,473.85, a significant improvement from a net outflow of CNY -35,338,873.86 in Q1 2021[25] - The total operating cash outflow in Q1 2022 was CNY 54,683,596.45, a decrease of 52.7% compared to CNY 115,705,437.65 in Q1 2021[25] - The net cash flow from investing activities was CNY -6,829,997.10 in Q1 2022, compared to CNY -4,593,041.20 in Q1 2021[25] Market Conditions - The decline in operating revenue was primarily due to a 56.4% year-on-year drop in heavy truck market sales, compounded by rising raw material and logistics costs[9] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 116,159[12] - The largest shareholder, China Changan Automobile Group Co., Ltd., held 37.40% of the shares, totaling 398,067,580 shares[12] Inventory and Receivables - Accounts receivable increased to CNY 195,016,900.46 from CNY 182,503,487.38, indicating a rise of 6.8%[16] - Inventory as of March 31, 2022, was CNY 130,335,333.41, up from CNY 123,436,574.22, representing a growth of 5.7%[16] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[14] - The company's cash and cash equivalents as of March 31, 2022, were CNY 360,710,835.12, a slight decrease from CNY 370,953,008.69 at the end of 2021[16] - Total operating costs for Q1 2022 were CNY 85,149,356.98, down from CNY 167,290,838.97 in Q1 2021, reflecting a reduction of 49.1%[20]