Smarter Energy(SH:600869)2022-04-25 16:00Financial Performance - The company's operating revenue for Q1 2022 was RMB 419,171.31 million, representing an increase of 11.27% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was RMB 8,661.05 million, a decrease of 27.63% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 4,093.29 million, down 62.85% from the previous year[5]. - The basic earnings per share for the period was RMB 0.0390, a decrease of 27.64% year-on-year[5]. - The weighted average return on net assets was 2.29%, a decrease of 1.4 percentage points compared to the previous year[5]. - The company achieved operating revenue of 4.192 billion RMB, a year-on-year increase of 11.27%, marking a historical high for the first quarter[14]. - The net profit attributable to the parent company was 87 million RMB, a year-on-year decrease of 27.63%[14]. - The net profit for Q1 2022 was CNY 94,095,258.69, compared to CNY 124,581,394.10 in Q1 2021, a decrease of 24.5%[31]. - The company reported a basic earnings per share of CNY 0.0390 for Q1 2022, down from CNY 0.0539 in Q1 2021, a decline of 27.5%[31]. - The diluted earnings per share for the first quarter of 2022 was CNY 0.0390, compared to CNY 0.0539 in the same period of 2021[33]. Cash Flow and Liquidity - The net cash flow from operating activities was RMB 25,640.41 million, showing a growth of 16.67% compared to the same period last year[5]. - The net cash flow from operating activities was CNY 256,404,084.70, up from CNY 219,770,480.43 in the previous year, indicating an increase of about 17%[33]. - Cash inflow from operating activities totaled CNY 5,180,719,249.06, an increase from CNY 4,110,075,148.65 in the first quarter of 2021, representing a growth of approximately 26%[33]. - The cash flow from operating activities for Q1 2022 was negative at -¥34,636,939.58, compared to -¥6,218,984.44 in Q1 2021, showing a worsening cash flow situation[47]. - The total cash inflow from operating activities was ¥58,687,373.76 in Q1 2022, down from ¥196,293,786.47 in Q1 2021, indicating a decline in operational efficiency[47]. - The company experienced a net decrease in cash and cash equivalents of -599,362.91, contrasting with an increase of 1,388,589.97 in the prior period, reflecting cash management challenges[49]. - The ending balance of cash and cash equivalents was 7,540,192.84, down from 18,120,482.39, indicating a reduction in liquidity[49]. - The company's initial cash and cash equivalents balance was 8,139,555.75, down from 16,731,892.42, indicating a decline in available cash resources[49]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 1,792,605.23 million, an increase of 1.80% from the end of the previous year[7]. - The total liabilities as of the end of the reporting period were CNY 14,006,786,591.92, compared to CNY 13,779,893,428.81 at the end of the previous period, an increase of 1.6%[28]. - The total equity attributable to shareholders was CNY 3,825,353,833.31, up from CNY 3,738,746,100.45, reflecting a growth of 2.3%[28]. - The total assets amounted to CNY 17,926,052,284.22, an increase from CNY 17,609,547,119.61, representing a growth of 1.8%[28]. - The total current assets amounted to CNY 2,016,046,026.21, up from CNY 1,868,708,501.29, indicating an increase of about 7.9%[39]. - The total liabilities increased to ¥6,357,565,485.05 in Q1 2022 from ¥6,269,216,961.55 in Q1 2021, reflecting a growth of 1.4%[41]. - The total equity rose to ¥5,084,094,030.41 in Q1 2022 from ¥5,037,017,925.70 in Q1 2021, indicating an increase of 0.9%[41]. Research and Development - R&D expenses increased significantly to CNY 112,348,463.53 in Q1 2022, up from CNY 61,806,612.42 in Q1 2021, marking an increase of 81.5%[28]. - The company's research and development expenses were not specified in the report, indicating a potential area for future focus[45]. Business Segments - The smart cable network segment generated operating revenue of 3.827 billion RMB, up 18.75% year-on-year, with a net profit of 154 million RMB, an increase of 102.44%[15]. - The smart battery segment reported operating revenue of 200 million RMB, with a net loss of 69 million RMB; overseas orders for lithium batteries reached 228 million RMB[18]. - The smart airport segment, 京航安, achieved operating revenue of 158 million RMB and a net profit of 13 million RMB, with current orders exceeding 2 billion RMB[19]. Investments and Projects - The company established a high-end marine cable equipment industrial base in Nantong, which is now operational[17]. - The company is accelerating the construction of a 50,000-ton high-precision lithium copper foil project at the Yibin smart industrial park[18]. Financial Management - The company's financial expenses decreased to CNY 34,364,376.96 in Q1 2022 from CNY 64,935,241.90 in Q1 2021, a reduction of 47.0%[28]. - The company received 10,000,000.00 in borrowed funds, consistent with the previous period, suggesting stable debt financing[49]. - The company distributed dividends and interest payments totaling 4,546,641.04, a decrease from 6,006,199.99, indicating a potential strategy to conserve cash[49]. - Cash inflows from financing activities totaled 674,967,390.53, up from 511,864,610.16, reflecting a significant increase in capital raised[49]. - Cash outflows from financing activities amounted to 706,549,813.86, compared to 504,257,035.75, showing an increase in financial obligations[49]. Accounting Standards - The company’s financial statements were prepared under new accounting standards effective from 2022, which may impact future reporting and analysis[49].