GZCBN(SH:600996)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 616,340,349.87, representing a year-on-year increase of 27.32%[6] - The net profit attributable to shareholders was CNY 2,886,000.25, while the net profit after deducting non-recurring gains and losses was CNY -3,876,090.50[6] - The net profit for Q1 2022 was RMB 2,003,841.81, a significant recovery from a net loss of RMB 188,186,716.73 in Q1 2021[22] - The total comprehensive income for Q1 2022 was RMB 2,429,696.85, compared to a loss of RMB 188,186,716.73 in Q1 2021[23] - The company reported a total comprehensive income of CNY 3,107,540.91 for Q1 2022, recovering from a loss of CNY 185,535,619.31 in the previous year[33] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 27,674,096.72[6] - The cash inflow from operating activities was RMB 517,701,402.36, compared to RMB 543,285,780.49 in Q1 2021[23] - The net cash flow from operating activities for Q1 2022 was ¥27,674,096.72, a significant improvement compared to a net outflow of ¥75,008,723.94 in Q1 2021[24] - The cash flow from operating activities generated a net inflow of CNY 36,228,056.15, compared to a net outflow of CNY 17,388,882.38 in the same period last year[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 17,533,268,828.12, a decrease of 2.07% compared to the end of the previous year[6] - The company's total assets amounted to ¥16,868,244,791.43, down from ¥17,310,069,158.71, indicating a decrease of about 2.5%[31] - The company's total liabilities decreased to RMB 12,760,370,352.68 from RMB 13,277,520,877.44 year-over-year[19] - Total liabilities decreased to ¥12,627,754,354.67 from ¥13,176,557,617.96, a reduction of approximately 4.2%[31] Shareholder Equity - Shareholders' equity attributable to the parent company increased by 2.61% to CNY 4,214,226,002.99[6] - The total equity attributable to shareholders increased to RMB 4,214,226,002.99 from RMB 4,107,042,792.60 in the previous year[19] - The total equity increased to ¥4,240,490,436.76 from ¥4,133,511,540.75, marking an increase of approximately 2.6%[31] Expenses and Costs - The total operating costs for Q1 2022 were RMB 742,915,039.74, up 10.9% from RMB 669,328,829.14 in Q1 2021[22] - Research and development expenses decreased by 46.14% due to reduced capitalization of project expenses[10] - Research and development expenses for Q1 2022 were RMB 3,457,531.14, down from RMB 6,419,343.48 in Q1 2021[22] - The financial expenses increased to RMB 75,349,048.27 in Q1 2022, compared to RMB 45,741,879.88 in Q1 2021[22] Borrowings and Financing - Cash and cash equivalents decreased by 43.13% primarily due to repayment of bank loans[10] - The company raised ¥1,030,000,000.00 in borrowings during Q1 2022, compared to ¥520,000,000.00 in Q1 2021, reflecting a 98.1% increase[24] - The company raised CNY 920,000,000.00 through borrowings in Q1 2022, compared to CNY 520,000,000.00 in Q1 2021[34] Other Financial Metrics - The weighted average return on net assets increased by 4.3 percentage points to 0.07%[6] - The company's inventory decreased to RMB 212,843,459.70 from RMB 265,183,671.92, showing a reduction of about 19.7%[17] - The company experienced a credit impairment loss of CNY 114,306,176.17, compared to a recovery of CNY 16,418,450.32 in Q1 2021[32] - The report does not provide specific guidance on future performance or new product developments, indicating a focus on stabilizing current operations and financial health[15]