YTG(SH:600881)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥2,747,348,713.27, representing a decrease of 6.99% compared to the same period last year[6]. - The net profit attributable to shareholders of the listed company was -¥456,975,287.57, a decline of 74.44% year-on-year[6]. - Basic earnings per share were -¥0.14, down 75.00% from the same period last year[9]. - Net profit for Q1 2022 was -¥481,012,476.40, compared to -¥367,523,569.97 in Q1 2021, reflecting a 30.8% increase in net loss[34]. - Total comprehensive income for Q1 2022 was -¥491,844,962.29, compared to -¥362,407,614.01 in Q1 2021[34]. Cash Flow - The net cash flow from operating activities was ¥1,029,547,324.54, an increase of 142.85% compared to the previous year[6]. - Cash flow from operating activities for Q1 2022 was ¥1,029,547,324.54, significantly up from ¥423,935,453.53 in Q1 2021[36]. - Net cash flow from investing activities was -34,981,891.98, compared to -28,642,298.74 in the previous period, indicating an increase in cash outflow[38]. - The net cash flow from financing activities was -1,101,463,954.04, compared to -411,299,529.79 in the previous period, reflecting a larger cash deficit[38]. - The company experienced a net decrease in cash and cash equivalents of -106,898,521.48, compared to -16,006,375.00 in the previous period[38]. Assets and Liabilities - Total assets at the end of the reporting period were ¥54,412,009,277.33, a decrease of 3.48% from the end of the previous year[9]. - Total current assets decreased to approximately RMB 28.10 billion from RMB 29.78 billion, representing a decline of about 5.6%[26]. - Total liabilities decreased to approximately RMB 38.66 billion from RMB 40.13 billion, a reduction of about 3.7%[29]. - The company's total assets were approximately RMB 54.41 billion, down from RMB 56.38 billion, reflecting a decrease of about 3.5%[26]. - The company's non-current liabilities decreased to approximately RMB 4.35 billion from RMB 4.78 billion, a decline of about 8.9%[29]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 103,861[14]. - The largest shareholder, Changchun Municipal Government State-owned Assets Supervision and Administration Commission, holds 9.08% of the shares[14]. Income and Expenses - The company reported non-operating income of ¥9,009,849.65 after tax, primarily from government subsidies[10]. - The company experienced a significant increase in other income by 86.43%, mainly due to an increase in government subsidies received[10]. - Research and development expenses for Q1 2022 were ¥5,106,211.82, down 47.3% from ¥9,657,089.79 in Q1 2021[30]. - The company reported an investment loss of -¥67,514,490.22 in Q1 2022, contrasting with a gain of ¥121,585,150.42 in Q1 2021[30]. Inventory and Receivables - Accounts receivable stood at approximately RMB 6.11 billion, down from RMB 6.42 billion, reflecting a decrease of about 5%[22]. - The company's inventory was approximately RMB 10.97 billion, down from RMB 11.29 billion, indicating a decrease of about 2.8%[26]. Future Plans - The company plans to continue increasing its stake in Jilin Yatai Group, with a minimum of 10 million shares to be acquired in the next 12 months[18]. - The company completed the transfer of 100% equity in Jilin Yatai Vocational Training School, enhancing its training capabilities[21].