2022-04-29 16:00Financial Performance - Total operating revenue for Q1 2022 reached ¥14,107,148,546.27, an increase of 29.77% year-on-year[4] - Net profit attributable to shareholders was ¥926,080,213.76, reflecting a growth of 46.31% compared to the same period last year[4] - Basic earnings per share for the quarter stood at ¥0.297, up 46.31% year-on-year[6] - Operating income grew by 30.10%, driven by a 39.88% increase in revenue from the wind power sector[9] - The total profit for the period was 10.91 billion RMB, up 49.99% year-on-year, mainly attributed to revenue growth[10] - The company reported a significant increase in cash inflow from operating activities, with a net cash outflow of 3.596 billion RMB, a decrease of 1.19 billion RMB compared to the same period last year[10] - The company reported a total profit of ¥1.09 billion for Q1 2022, compared to ¥727.42 million in Q1 2021, marking a 50% increase[20] - The net profit attributable to shareholders for Q1 2022 was 9.26 billion RMB, reflecting a year-on-year growth of 46.31% due to increased revenue and gross profit[42] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥103,655,868,894.89, a slight increase of 0.53% from the end of the previous year[6] - As of March 31, 2022, the company's total assets amounted to approximately ¥103.66 billion, an increase from ¥103.10 billion at the end of 2021, reflecting a growth of about 0.54%[16] - The company's total liabilities decreased to approximately ¥67.16 billion from ¥67.72 billion, a reduction of about 0.82%[17] - The equity attributable to shareholders rose to approximately ¥33.54 billion, compared to ¥32.50 billion, marking an increase of about 3.2%[17] - The company's current assets totaled approximately ¥69.92 billion, slightly up from ¥69.85 billion year-over-year, indicating a marginal increase of 0.09%[16] - The company's cash and cash equivalents decreased to approximately ¥15.23 billion from ¥18.72 billion, a decline of about 18.3%[16] Cash Flow - Cash flow from operating activities showed a net outflow of ¥3,596,336,427.66, indicating a significant change from the previous period[6] - The company reported a net cash outflow from operating activities of 3.596 billion RMB, a decrease of 1.19 billion RMB compared to the same period last year, with cash inflows from sales increasing by 16.62%[42] - The company’s cash flow from operating activities for Q1 2022 was a net outflow of CNY 1,614,097,543.09, worsening from a net outflow of CNY 794,213,950.93 in Q1 2021[31] - The company reported a significant increase in financing cash inflow, with a net inflow of 220 million RMB, up 883.16% year-on-year, mainly due to external investments in its subsidiary[10] Receivables and Borrowings - Accounts receivable increased by 31.70% due to expanded sales scale, reaching a balance of ¥10,518,000,000[9] - The company's long-term receivables at the end of the period were 753 million RMB, an increase of 36.32% from the beginning of the year, mainly due to increased installment sales[10] - The company's short-term borrowings rose to 62 million RMB, a 47.81% increase from the beginning of the year, primarily for operational needs of subsidiaries[10] - The company's long-term borrowings were reported at approximately ¥1.55 billion, slightly down from ¥1.57 billion, indicating a decrease of about 0.8%[17] Research and Development - Research and development expenses for Q1 2022 were ¥454.69 million, down 17.5% from ¥550.95 million in Q1 2021[19] - The company's R&D expenses for Q1 2022 were CNY 33,419,072.42, a decrease from CNY 38,078,031.51 in Q1 2021[28] Market and Orders - New orders for the company reached 17.94 billion RMB in Q1 2022, representing a 14.7% increase compared to the same period last year[13] - The company plans to continue expanding its market presence and developing new technologies to sustain growth[9] Other Financial Metrics - The weighted average return on net assets increased by 0.78 percentage points to 2.81%[6] - The weighted average return on equity for the period was 2.81%, an increase of 0.78 percentage points year-on-year[10] - Non-recurring gains included a debt restructuring gain of ¥136,000,000, contributing to overall profit growth[9] - The company's financial expenses for the period were -0.07 billion RMB, showing a year-on-year increase of 0.35 billion RMB, primarily due to increased cash discounts[42]