SUMEC(SH:600710)2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 30,684,947,660.10, representing a decrease of 7.01% compared to the same period last year[3] - The net profit attributable to shareholders of the listed company was CNY 214,971,211.94, an increase of 5.60% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 208,039,129.19, reflecting a growth of 2.29%[3] - The basic and diluted earnings per share were both CNY 0.16, marking a 5.60% increase from the previous year[5] - The company's net profit for the first quarter of 2022 was CNY 550,549,100.54, an increase from CNY 524,869,112.16 in the same period of 2021, representing a growth of approximately 4.3%[22] - The company's operating profit for the first quarter was CNY 676,689,213.79, slightly down from CNY 690,562,298.02 in the previous year, reflecting a decrease of approximately 2.5%[22] - The total comprehensive income for the first quarter was CNY 553,405,487.23, compared to CNY 486,168,573.47 in the same quarter of 2021, marking an increase of approximately 13.8%[23] Revenue Breakdown - The company’s supply chain segment generated revenue of CNY 24.22 billion, accounting for 78.94% of total revenue, and contributed CNY 314 million to total profit, representing 45.77% of total profit[3] - The industry chain segment achieved revenue of CNY 6.461 billion, making up 21.06% of total revenue, and contributed CNY 372 million to total profit, which is 54.23% of total profit[3] - Total revenue for Q1 2022 was CNY 30,684,947,660.10, a decrease of 7.06% compared to CNY 32,998,262,669.98 in Q1 2021[18] - Total revenue from sales of goods and services received in cash was CNY 41,052,344,074.92, compared to CNY 40,290,538,301.46 in the first quarter of 2021, indicating a year-over-year increase of about 1.9%[24] Assets and Liabilities - The total assets at the end of the reporting period were CNY 59,029,663,531.84, an increase of 8.14% from the end of the previous year[3] - The equity attributable to shareholders of the listed company was CNY 5,854,609,471.27, up by 3.43% compared to the end of the previous year[3] - Total liabilities reached CNY 46,373,767,055.36, compared to CNY 42,459,082,529.09 in the previous year, marking an increase of 9.43%[18] - Current assets totaled CNY 46,367,604,796.99, an increase of 12.66% from CNY 41,186,241,379.87 at the end of 2021[17] - Non-current assets decreased to CNY 12,662,058,734.85 from CNY 13,400,812,515.87, a decline of 5.51%[17] Cash Flow - The cash flow from operating activities was negative at CNY -2,563,834,883.80, with no applicable percentage change due to the nature of the data[3] - Cash and cash equivalents as of March 31, 2022, were CNY 8,794,914,842.98, slightly down from CNY 8,838,113,923.52 at the end of 2021[17] - The ending balance of cash and cash equivalents was approximately $7.49 billion, up from $4.14 billion year-over-year, indicating improved liquidity[28] - The cash flow from operating activities showed a net outflow of -250,211.49 RMB in Q1 2022, contrasting with a net inflow of 296,024.50 RMB in Q1 2021[35] Expenses and Income - Total operating costs for Q1 2022 were CNY 29,994,605,191.28, down from CNY 32,318,737,686.10 in Q1 2021, reflecting a reduction of 7.16%[18] - Research and development expenses increased to CNY 85,517,812.40 from CNY 84,714,597.66, showing a rise of about 0.9% year-over-year[22] - The company reported a decrease in financial expenses from CNY 132,886,959.90 to CNY 67,524,973.00, a reduction of about 49%[22] - The company recorded a significant increase in investment income, rising to CNY 40,668,790.07 from CNY 12,323,749.65, which is an increase of approximately 230%[22] - The tax expenses for the quarter were CNY 135,119,894.10, slightly up from CNY 131,240,972.87, reflecting an increase of about 3%[22] - The company reported a decrease in tax payments to $359.10 million from $472.31 million, indicating potential tax efficiency improvements[27] Strategic Focus - The company emphasized a "dual circulation" development strategy to ensure steady growth and enhance profitability[3] - The company did not report any new product launches or significant market expansion strategies during this quarter[34]