SANAN(SH:600703)2022-04-25 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 3,107,276,643.09, representing a year-on-year increase of 14.35%[4] - Net profit attributable to shareholders decreased by 22.94% to CNY 428,946,027.77, while the net profit excluding non-recurring gains and losses increased by 99.12% to CNY 109,119,037.15[4] - The total revenue from sales of goods and services reached CNY 2,460,842,152.98, an increase of 56.47% from CNY 1,572,535,373.04 in the same period last year[21] - The company’s total comprehensive income amounted to CNY 416,774,698.70, down from CNY 557,597,379.62 in Q1 2021, a decrease of 25.24%[20] - The company’s basic and diluted earnings per share were both CNY 0.10, down from CNY 0.12 in Q1 2021, reflecting a decline of 16.67%[20] Cash Flow - The net cash flow from operating activities fell by 61.39% to CNY 247,372,659.50[4] - In Q1 2022, the company reported a net cash flow from operating activities of CNY 247,372,659.50, a decrease of 61.39% compared to CNY 640,759,149.63 in Q1 2021[22] - The cash outflow from operating activities totaled CNY 2,757,435,524.55, an increase of 52.73% compared to CNY 1,805,064,523.70 in the previous year[22] - The net cash flow from investing activities was negative at CNY -1,541,959,184.09, compared to CNY -1,890,843,965.09 in Q1 2021, indicating a decrease in cash outflow[22] - Cash inflow from financing activities was CNY 2,484,282,282.07, significantly higher than CNY 990,708,395.02 in the same quarter last year, marking an increase of 150.66%[22] - The company’s cash flow from financing activities included CNY 1,622,923,284.58 from borrowings, which is a significant increase from CNY 570,000,000.00 in the previous year[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 49,373,419,139.39, an increase of 3.90% compared to the end of the previous year[4] - The total assets as of Q1 2022 amounted to ¥49,373,419,139.39, an increase from ¥47,521,555,070.35 in the previous year[16] - The total liabilities for Q1 2022 were ¥18,495,748,904.88, compared to ¥17,067,131,643.72 in Q1 2021, indicating a rise of 8.36%[16] - Long-term payables increased to ¥2,220,211,596.86 in Q1 2022, up from ¥1,978,095,001.26 in Q1 2021, reflecting a growth of 12.24%[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 350,668[10] - Xiamen Sanan Electronics Co., Ltd. holds 1,213,823,341 shares, accounting for 27.10% of total shares[10] - The top ten shareholders include Fujian Sanan Group Co., Ltd. with 243,618,660 shares, representing 5.44%[11] - The company has not disclosed any significant related party relationships among the top ten shareholders[11] Research and Development - Research and development expenses increased by 31.99%, driven by higher investments in integrated circuit projects[9] - Research and development expenses increased to ¥113,116,936.06 in Q1 2022, compared to ¥85,698,293.25 in Q1 2021, reflecting a growth of 32.00%[19] Inventory and Investments - The company reported an increase in inventory of CNY 3.58 billion, with CNY 2.30 billion attributed to the LED epitaxial chip business[4] - Accounts receivable increased to ¥2,666,910,767.00 from ¥2,483,086,600.07 year-over-year[13] - Inventory as of March 31, 2022, is ¥5,330,134,329.79, up from ¥4,618,044,241.53 at the end of 2021[13] - The company reported a significant increase in investment income of 676.90%, primarily from the sale of precious metal waste materials[9] - The company received CNY 24,058,284.24 in investment income during the quarter, indicating a positive cash inflow from investments[22]