恒立液压(601100) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥2,200,388,645.04, representing a decrease of 22.97% compared to the same period last year[4] - The net profit attributable to shareholders was ¥528,156,293.19, down 32.56% year-on-year[4] - The basic earnings per share were ¥0.40, reflecting a decline of 33.33% compared to the previous year[4] - Net profit for Q1 2022 was approximately 529.02 million, a decrease of 32.5% compared to 784.16 million in Q1 2021[21] - Total revenue from operating activities was approximately 1.98 billion, down from 2.16 billion in the same period last year, reflecting a decline of about 8.3%[23] - Operating profit for Q1 2022 was approximately 615.10 million, a decrease of 34.2% compared to 935.24 million in Q1 2021[21] - Total comprehensive income for Q1 2022 was approximately 525.35 million, down from 771.88 million in Q1 2021, reflecting a decline of about 31.9%[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥12,767,001,897.74, an increase of 3.53% from the end of the previous year[5] - The total assets as of March 31, 2022, were RMB 12,767,001,897.74, compared to RMB 12,332,043,327.93 at the end of 2021, reflecting a growth of 3.5%[17] - The total liabilities as of March 31, 2022, were RMB 3,000,091,432.22, a decrease from RMB 3,092,775,476.26 at the end of 2021, indicating a reduction of 3.0%[18] - The company's total equity as of March 31, 2022, was RMB 9,766,910,465.52, an increase from RMB 9,239,267,851.67 at the end of 2021, reflecting a growth of 5.7%[18] Cash Flow - The net cash flow from operating activities was ¥285,167,319.54, down 8.07% year-on-year[4] - Cash flow from operating activities was approximately 285.17 million, a decrease of 8.1% compared to 310.21 million in Q1 2021[23] - Net cash flow from investing activities was $142.8 million, a decrease of 72.9% compared to $526.2 million in the previous period[24] - Total cash inflow from financing activities was $24.3 million, down 92% from $303.7 million in the previous period[24] - Net cash flow from financing activities was -$161.8 million, compared to a positive $40.7 million in the previous period[24] - Cash and cash equivalents at the end of the period totaled $3.84 billion, an increase from $3.47 billion in the previous period[24] - The net increase in cash and cash equivalents was $242.6 million, significantly lower than $890.9 million in the previous period[24] Operational Metrics - The company's hydraulic cylinder product revenue declined by 22% due to a downturn in the downstream industry[8] - The revenue from the subsidiary hydraulic technology decreased by 33% due to a drop in sales[8] - The cash and cash equivalents as of March 31, 2022, amounted to RMB 3,865,306,480.53, an increase from RMB 3,642,807,377.77 at the end of 2021[15] - The inventory as of March 31, 2022, was RMB 1,532,956,881.37, down from RMB 1,606,653,422.76 at the end of 2021, showing a decrease of 4.6%[15] - The accounts receivable as of March 31, 2022, were RMB 1,121,463,412.14, slightly up from RMB 1,112,123,571.59 at the end of 2021, indicating a growth of 0.3%[15] Government Support and Expenses - The company received government subsidies amounting to ¥12,172,753.07, which are closely related to normal business operations[6] - Research and development expenses for Q1 2022 were approximately 113.53 million, slightly down from 114.14 million in Q1 2021[21] - Tax expenses for Q1 2022 were approximately 89.99 million, a decrease of 41.5% compared to 153.38 million in Q1 2021[21] - Other comprehensive income after tax for Q1 2022 was approximately -3.66 million, compared to -12.28 million in Q1 2021[22] - Investment income for Q1 2022 was approximately 12.26 million, significantly up from 3.59 million in Q1 2021, marking an increase of about 241.5%[21]