SYP(SH:600819)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,093,649,260.64, representing a year-on-year increase of 9.14%[6] - Net profit attributable to shareholders of the listed company decreased by 17.48% to CNY 38,396,436.20[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 71.39% to CNY 7,066,745.69[6] - The basic earnings per share decreased by 20.00% to CNY 0.04[6] - Total operating revenue for Q1 2022 was approximately $1.09 billion, an increase of 9.1% compared to $1.00 billion in Q1 2021[30] - Net profit for Q1 2022 was approximately $43.71 million, a decrease of 13.9% from $50.86 million in Q1 2021[32] - The total profit for Q1 2022 was approximately $51.10 million, down from $59.18 million in Q1 2021, reflecting a decrease of 13.5%[32] Cash Flow - The company reported a net cash flow from operating activities of CNY -15,291,798.47, indicating a negative cash flow situation[6] - The company achieved a net cash inflow from operating activities of approximately $1.21 billion, indicating strong operational performance despite the decline in net profit[36] - The net cash flow from operating activities was -$15.29 million, a decrease from $8.85 million in the previous year[39] - Cash inflow from investment activities totaled $246.31 million, down from $288.61 million year-over-year[39] - The net cash flow from investment activities was -$48.69 million, an improvement from -$99.14 million in the previous year[39] - Cash inflow from financing activities increased to $306.26 million, compared to $200 million in the previous year[39] - The net cash flow from financing activities was $40.52 million, a significant recovery from -$188.03 million in the previous year[39] - The total cash and cash equivalents at the end of the period were $432.80 million, compared to $325.56 million at the end of the previous year[40] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,199,626,376.26, a slight increase of 0.23% compared to the end of the previous year[9] - As of March 31, 2022, the total current assets amounted to RMB 3,143,717,005.37, an increase from RMB 3,073,254,960.53 in the previous year[21] - The company's cash and cash equivalents were reported at RMB 556,966,647.73, slightly up from RMB 556,966,253.30 year-over-year[21] - Accounts receivable increased to RMB 712,747,495.10 from RMB 596,842,072.83, reflecting a growth of approximately 19.4%[21] - Inventory levels rose to RMB 1,155,594,007.50, compared to RMB 1,046,814,554.06, indicating an increase of about 10.4%[21] - Total liabilities decreased to RMB 2,699,846,189.57 from RMB 2,727,214,912.89, showing a reduction of approximately 1.0%[26] - The total assets of the company were reported at RMB 7,199,626,376.26, a slight increase from RMB 7,183,282,921.50[26] - The equity attributable to shareholders increased to RMB 3,534,226,265.01 from RMB 3,495,829,828.81, reflecting a growth of about 1.1%[26] Costs and Expenses - Total operating costs for Q1 2022 were approximately $1.08 billion, up 11.2% from $968.1 million in Q1 2021[30] - Research and development expenses for Q1 2022 were approximately $48.02 million, an increase of 3.2% from $46.55 million in Q1 2021[30] - Sales expenses for Q1 2022 were approximately $56.13 million, slightly up from $53.97 million in Q1 2021[30] - The company reported a financial expense of approximately $1.97 million in Q1 2022, significantly reduced from $4.64 million in Q1 2021[30] - The company reported a decrease in research and development expenses to CNY 421,386.40 from CNY 69,283.20 in the previous year[46] - The financial expenses decreased to CNY 9,330,692.56 from CNY 10,512,271.74 in Q1 2021, with interest expenses also declining[46] Future Outlook - The decline in net profit was attributed to rising raw material costs and adverse impacts from domestic COVID-19 outbreaks[12] - The company plans to adjust its product structure to improve profitability in the future[12]