XHCG(SH:600785)2022-04-21 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,721,786,056.32, representing a year-on-year increase of 2.81%[4] - The net profit attributable to shareholders decreased by 15.49% to CNY 42,694,156.88[4] - The net profit after deducting non-recurring gains and losses fell by 22.86% to CNY 36,759,613.38[4] - Basic earnings per share were CNY 0.19, down 13.64% compared to the previous year[4] - Total operating revenue for Q1 2022 was CNY 1,721,786,056.32, an increase of 2.0% compared to CNY 1,674,797,102.67 in Q1 2021[16] - Net profit for Q1 2022 was CNY 39,906,077.61, a decrease of 8.0% from CNY 43,645,015.89 in Q1 2021[17] - Earnings per share for Q1 2022 were CNY 0.19, down from CNY 0.22 in Q1 2021[17] - The operating profit for Q1 2022 was CNY 8,055,146.57, a decline of 67.8% compared to CNY 25,062,526.20 in Q1 2021[27] Cash Flow - The net cash flow from operating activities decreased by 36.95% to CNY 267,005,062.31[4] - In Q1 2022, the net cash flow from operating activities was ¥267,005,062.31, a decrease of 37.0% compared to ¥423,488,341.35 in Q1 2021[20] - Total cash inflow from operating activities was ¥2,437,905,981.62, down 2.2% from ¥2,493,642,511.13 in the same period last year[20] - Cash outflow from operating activities increased to ¥2,170,900,919.31, compared to ¥2,070,154,169.78 in Q1 2021, reflecting a rise of 4.9%[20] - The net cash flow from investing activities was -¥54,130,144.12, an improvement from -¥67,767,302.34 in Q1 2021[21] - Cash inflow from financing activities totaled ¥251,396,799.07, significantly higher than ¥111,859,902.64 in the previous year[21] - The net cash flow from financing activities was -¥254,876,553.86, an improvement from -¥354,805,175.34 in Q1 2021[21] - The ending cash and cash equivalents balance was ¥239,762,312.07, down from ¥674,476,170.49 at the end of 2021[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,994,669,090.22, an increase of 2.19% from the end of the previous year[5] - As of March 31, 2022, the company's total assets amounted to ¥7,869,521,734.14, a decrease from ¥8,184,731,682.03 at the end of 2021, reflecting a decline of approximately 3.85%[14] - The company's current assets totaled ¥1,524,592,346.33, down from ¥1,753,971,758.96, indicating a decrease of about 13.06%[13] - Total liabilities as of the end of Q1 2022 amounted to CNY 6,057,132,049.19, compared to CNY 6,412,248,074.69 at the end of Q1 2021, indicating a decrease of 5.5%[15] - The company's total liabilities were not explicitly stated, but current liabilities included accounts payable of ¥1,036,973,845.26, which increased from ¥990,174,759.39, indicating a rise of approximately 4.73%[14] - Total liabilities increased to ¥3,468,389,977.29 from ¥3,437,246,341.11 at the end of 2021[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,699[10] - Total equity attributable to shareholders of the parent company was CNY 1,994,669,090.22, an increase from CNY 1,951,974,933.34 in Q1 2021, representing a growth of 2.2%[15] - Shareholders' equity rose to ¥1,623,924,525.33, compared to ¥1,615,887,745.05 at the end of 2021[25] Operational Insights - The company reported a significant increase in accounts receivable by 65.23%, attributed to increased sales on credit[7] - The company experienced a 116.24% increase in advance payments, indicating higher prepayments to suppliers[7] - Inventory decreased to ¥692,027,608.82 from ¥784,712,410.14, a reduction of approximately 11.75%[13] - Short-term borrowings were reported at ¥737,059,492.69, down from ¥948,947,076.83, reflecting a decrease of about 22.25%[14] - The company reported a significant increase in prepayments, which rose to ¥165,619,474.47 from ¥281,570,639.64, a decrease of about 41.20%[13] Strategic Outlook - The company has not disclosed any new product developments or market expansion strategies in the current report[12] - There were no significant updates regarding mergers or acquisitions during the reporting period[12] - The company plans to focus on market expansion and new product development as part of its future strategy, although specific details were not provided in the content[19]