中航产融(600705) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥2,270,262,005.79, representing a year-on-year increase of 2.85%[4] - The net profit attributable to shareholders was ¥11,454,437.73, a significant decrease of 98.28% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥9,667,496.86, down 98.50% year-on-year[4] - The basic earnings per share were ¥0.0013, reflecting a decrease of 98.38% year-on-year[5] - The company reported a comprehensive loss of ¥1,528,225,958.21 in Q1 2022 compared to a loss of ¥630,419,028.39 in Q1 2021[21] Cash Flow and Liquidity - The net cash flow from operating activities was -¥74,558,974,216.86, indicating a substantial cash outflow[4] - Cash flow from operating activities showed a net outflow of ¥74.56 billion, compared to a net outflow of ¥28.29 billion in the previous year, indicating a significant decline in cash generation[22] - The company's cash and cash equivalents at the end of the period stood at ¥37.07 billion, a decrease from ¥72.77 billion at the end of the previous year[23] - Total cash inflow from investment activities was ¥19.04 billion, while cash outflow was ¥39.16 billion, resulting in a net cash outflow of ¥20.12 billion, worsening from a net outflow of ¥10.10 billion year-over-year[23] - Cash inflow from financing activities amounted to ¥30.08 billion, with a net cash inflow of ¥6.14 billion, compared to a net inflow of ¥4.45 billion in the same quarter last year[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥412,914,921,545.77, a decrease of 9.63% from the end of the previous year[5] - The company's current assets totaled ¥241.95 billion, down from ¥286.23 billion in the previous year[15] - Total liabilities decreased from ¥295.23 billion to ¥241.06 billion year-over-year[16] - The total non-current liabilities increased to ¥102,365,164,001.59 in Q1 2022 from ¥91,772,291,087.84 in Q1 2021, an increase of 11.6%[20] - The total equity decreased to ¥69,491,367,296.60 in Q1 2022 from ¥69,932,244,602.14 in Q1 2021, a decrease of 0.6%[20] Operational Costs and Expenses - The company reported a significant increase in interest expenses, rising to ¥809,794,735.57 in Q1 2022 from ¥542,117,794.43 in Q1 2021, an increase of 49.5%[20] - Research and development expenses decreased to ¥3,860,911.90 in Q1 2022 from ¥5,437,611.40 in Q1 2021, a reduction of 29.0%[20] - The cash paid for purchasing goods and services was ¥19.07 billion, an increase from ¥17.22 billion year-over-year, indicating higher operational costs[22] Market and Strategic Developments - The decline in net profit was attributed to a significant drop in the fair value of equity financial assets due to market volatility[8] - The company has no significant related party transactions disclosed among the top shareholders[14] - There are no updates on new product developments or market expansion strategies mentioned in the report[14] - The company has not adopted the new accounting standards for the current year, maintaining its previous accounting practices[25]