SDBH(SH:600966)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 4,139,912,057.46, representing a year-on-year increase of 2.15%[4] - Net profit attributable to shareholders was CNY 180,596,881.34, a decrease of 77.72% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 175,180,950.38, down 78.33% year-on-year[4] - Basic earnings per share were CNY 0.1354, reflecting a decrease of 77.67% year-on-year[4] - The net profit for Q1 2022 was CNY 180,596,881.34, a decrease from CNY 810,537,745.47 in Q1 2021, representing a decline of approximately 77.7%[30] - Operating profit for Q1 2022 was CNY 224,277,352.39, down from CNY 1,082,663,408.04 in the same period last year, indicating a decrease of about 79.3%[30] - Total revenue from operating activities in Q1 2022 was CNY 3,429,408,602.41, compared to CNY 4,826,860,744.86 in Q1 2021, reflecting a decline of approximately 29%[36] - The total profit for Q1 2022 was CNY 233,311,088.88, down from CNY 1,080,358,482.03 in Q1 2021, indicating a decrease of about 78.4%[30] - The company reported a total comprehensive income of CNY 190,278,498.87 for Q1 2022, down from CNY 810,941,420.38 in Q1 2021, a decline of approximately 76.6%[32] Cash Flow and Assets - The net cash flow from operating activities was CNY 149,194,862.31, a significant decline of 92.06% compared to the previous year[4] - Cash flow from operating activities for Q1 2022 was CNY 149,194,862.31, significantly lower than CNY 1,878,606,345.64 in Q1 2021, marking a decrease of about 92.1%[36] - Cash and cash equivalents at the end of Q1 2022 totaled CNY 974,948,289.97, an increase from CNY 446,039,857.07 at the end of Q1 2021, indicating a growth of approximately 118.5%[38] - The company's cash and cash equivalents increased to RMB 4,476,323,330.29 as of March 31, 2022, compared to RMB 3,302,491,009.13 as of December 31, 2021, representing a growth of about 36%[21] - As of March 31, 2022, the company's total current assets increased to RMB 9,214,310,526.68 from RMB 7,309,913,538.80 as of December 31, 2021, representing a growth of approximately 26%[21] Liabilities and Equity - Total assets at the end of the reporting period were CNY 21,844,687,939.55, an increase of 9.70% from the end of the previous year[6] - Shareholders' equity attributable to the parent company was CNY 7,156,807,948.25, a decrease of 1.51% compared to the end of the previous year[6] - The company's total liabilities increased to RMB 14,687,879,991.30 as of March 31, 2022, compared to RMB 12,647,013,139.78 as of December 31, 2021, reflecting an increase of about 16%[24] - The company's total equity decreased to RMB 7,156,807,948.25 as of March 31, 2022, from RMB 7,266,546,336.80 as of December 31, 2021, reflecting a decline of about 1.51%[26] Costs and Expenses - The total operating costs for Q1 2022 were RMB 3,891,591,593.89, compared to RMB 2,973,195,441.24 in Q1 2021, showing an increase of about 31%[26] - Research and development expenses rose to RMB 121,223,814.00 in Q1 2022 from RMB 82,018,351.51 in Q1 2021, marking an increase of approximately 48%[26] - The company incurred investment losses of CNY 31,246,746.36 in Q1 2022, compared to a profit in the previous year, reflecting a significant downturn[30] - The company reported a tax expense of CNY 52,714,207.54 for Q1 2022, compared to CNY 269,820,736.56 in Q1 2021, a decrease of approximately 80.5%[30] Profitability Factors - The decline in profitability was primarily due to a decrease in product sales prices and an increase in raw material costs[8] - The company reported a loss of CNY 218,255.80 from the disposal of non-current assets during the period[6] Share Repurchase - The company plans to repurchase shares using no less than RMB 1 billion and no more than RMB 2 billion, with a maximum price of RMB 24.97 per share[16] - As of the announcement date, the company has repurchased a total of 53,673,050 shares, accounting for 4.01% of the total share capital, with a total payment of RMB 658,927,590.48[16]