SMC(SH:600823)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥2,642,181,418.37, representing a decrease of 28.34% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥96,590,071.95, down 59.08% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥89,645,870.35, a decrease of 61.33% compared to the previous year[5]. - Total operating revenue for Q1 2022 was ¥2,642,181,418.37, a decrease of 28.4% compared to ¥3,687,055,803.40 in Q1 2021[21]. - Net profit for Q1 2022 was ¥301,441,722.77, a decline of 41.6% from ¥516,966,690.70 in Q1 2021[22]. - The company’s total comprehensive income for Q1 2022 was ¥270,290,302.62, down from ¥501,543,211.72 in Q1 2021[23]. - Earnings per share for Q1 2022 were ¥0.03, compared to ¥0.06 in Q1 2021[23]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 234.87% to ¥1,636,051,250.38[6]. - The company reported a significant increase in investment cash flow, up 124.58% due to increased cash receipts from investments[10]. - In Q1 2022, the net cash flow from operating activities was ¥1,636,051,250.38, a significant improvement from -¥1,213,070,032.70 in Q1 2021[27]. - Total cash inflow from operating activities in Q1 2022 was ¥5,373,155,892.16, down 47.5% from ¥10,234,352,015.71 in Q1 2021[27]. - Cash outflow from operating activities in Q1 2022 was ¥3,737,104,641.78, a decrease of 67.4% compared to ¥11,447,422,048.41 in Q1 2021[27]. - The company received ¥169,000,000.00 from investment recoveries in Q1 2022, compared to no such cash inflow in Q1 2021[27]. - The company paid ¥154,773,688.90 in employee compensation in Q1 2022, down 45.3% from ¥283,109,618.29 in Q1 2021[27]. - The company reported a cash outflow of ¥482,683,098.15 for taxes in Q1 2022, a decrease of 62.2% from ¥1,277,507,527.88 in Q1 2021[27]. Assets and Liabilities - The total assets at the end of the reporting period were ¥138,490,660,292.94, a decrease of 3.14% from the end of the previous year[6]. - Total liabilities as of Q1 2022 amounted to ¥89,235,150,215.85, a decrease from ¥93,998,237,272.66 in the previous year[19]. - Total equity increased to ¥49,255,510,077.09 in Q1 2022 from ¥48,985,219,774.47 in Q1 2021[19]. - The company reported a decrease in accounts payable from ¥17,575,270,573.23 in Q1 2021 to ¥15,678,750,150.29 in Q1 2022, a reduction of approximately 10.8%[18]. - As of March 31, 2022, total current assets amount to approximately 76.67 billion RMB, down from 81.03 billion RMB at the end of 2021, a decrease of about 5.2%[17]. - Total assets as of March 31, 2022, are approximately 138.49 billion RMB, compared to 142.98 billion RMB at the end of 2021, a decrease of about 3.1%[17]. Shareholder Information - Total number of ordinary shareholders at the end of the reporting period is 43,336[12]. - The top 10 shareholders hold a total of 2,883,000,000 shares, representing 76.55% of the total shares[12]. Risk Management - The company has a liquidity risk, having repaid approximately 3.5 billion RMB in public market bonds in the first quarter[14]. - The company plans to strengthen sales fund recovery and increase asset disposal efforts to mitigate liquidity risks[14]. - The company has implemented various debt restructuring plans to ensure long-term sustainable development[14]. Inventory and Receivables - Accounts receivable decreased by 27.10% to ¥1,585,891,001.57, attributed to improved collection management[10]. - Inventory as of March 31, 2022, is approximately 60.42 billion RMB, down from 62.17 billion RMB at the end of 2021, a decrease of about 2.8%[17]. - Accounts receivable decreased from approximately 2.18 billion RMB to about 1.59 billion RMB, a reduction of approximately 27.8%[17]. - The company's cash and cash equivalents decreased by 21.02% to ¥7,021,432,278.56[10]. - The company reported a decrease in cash and cash equivalents from approximately 8.89 billion RMB at the end of 2021 to about 7.02 billion RMB as of March 31, 2022, a decline of approximately 21%[17].