Tianjin Port (SH:600717)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 2,403,934,571.96, a decrease of 26.88% compared to CNY 3,191,451,925.43 in the same period last year[6]. - Net profit attributable to shareholders was CNY 130,123,938.96, down 34.02% from CNY 197,210,303.91 year-on-year[6]. - Basic earnings per share decreased by 41.30% to CNY 0.04 from CNY 0.07 in the same period last year[8]. - The net profit after deducting non-recurring gains and losses was CNY 127,642,063.02, down 33.35% from CNY 196,223,753.66 year-on-year[6]. - Comprehensive income for Q1 2022 totaled CNY 162,061,528.87, compared to CNY 248,858,691.87 in Q1 2021, indicating a 34.8% decline[32]. - Net profit for Q1 2022 was CNY 185,195,295.58, a decline of 36.8% compared to CNY 292,740,054.10 in Q1 2021[32]. - Earnings attributable to shareholders of the parent company for Q1 2022 were CNY 130,123,938.96, down from CNY 197,219,364.01 in Q1 2021, representing a 34% decrease[32]. Cash Flow - The net cash flow from operating activities was CNY 22,168,256.65, representing a significant decline of 91.69% from CNY 195,514,669.96 in the previous year[8]. - Cash inflow from operating activities for Q1 2022 was approximately $2.49 billion, a decrease of 22.4% compared to $3.21 billion in Q1 2021[37]. - The net cash flow from operating activities was $22.17 million, significantly lower than $266.73 million in Q1 2021, indicating a decline in operational efficiency[37]. - Total cash outflow from operating activities was approximately $2.47 billion, down from $2.95 billion in Q1 2021, suggesting cost-cutting measures[37]. - Cash received from tax refunds increased to approximately $9.54 million from $1.64 million in the previous year, indicating improved tax recovery[37]. - Cash paid to employees decreased to approximately $346.87 million from $455.74 million, reflecting potential workforce adjustments[37]. - Cash paid for taxes decreased to approximately $78.30 million from $143.19 million, indicating a reduction in tax liabilities[37]. - The company reported a net increase in cash and cash equivalents of approximately -$253.18 million, an improvement compared to -$352.14 million in Q1 2021[38]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 34,164,679,945.17, a slight decrease of 0.64% from CNY 34,385,448,778.12 at the end of the previous year[8]. - Current assets total 7,330,457,283.41 RMB, slightly down from 7,342,117,650.86 RMB at the end of 2021[21]. - Non-current assets amount to 26,834,222,661.76 RMB, down from 27,043,331,127.26 RMB at the end of 2021[25]. - Total liabilities amounted to CNY 11,125,956,034.50, a decrease from CNY 11,523,286,947.60[27]. - Total current liabilities decreased to 6,534,310,515.70 RMB from 6,945,153,887.76 RMB at the end of 2021[25]. - Long-term borrowings increased to 4,196,586,128.82 RMB from 4,160,362,702.68 RMB at the end of 2021[25]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 90,258[16]. - The largest shareholder, Xianchuang Investment Co., Ltd., holds 1,644,213,619 shares, accounting for 56.81% of total shares[16]. - The company has no pledged or frozen shares among its major shareholders[18]. Other Income and Expenses - The company reported a significant increase in prepayments by 112.25%, attributed to increased prepayments by subsidiaries[12]. - Other income increased by 724.58%, driven by higher non-operating income from subsidiaries[12]. - The company experienced a 75.31% decrease in R&D expenses, indicating a reduction in investment in research and development activities[12]. - Total operating costs for Q1 2022 were CNY 2,247,431,698.05, down from CNY 3,013,060,752.88 in Q1 2021, reflecting a 25.5% reduction[30]. - The company reported a net investment income of CNY 83,021,960.02 for Q1 2022, compared to CNY 94,563,129.63 in Q1 2021, reflecting a decrease of 12.2%[30].