CFHI(SH:601106)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was RMB 4,221,704,188.66, representing a year-on-year increase of 15.62%[4] - The net profit attributable to shareholders was RMB 38,685,344.55, reflecting a growth of 3.31% compared to the same period last year[4] - Basic earnings per share for the period was RMB 0.0056, an increase of 1.82%[5] - The company reported non-recurring gains of RMB 7,048,723.21 for the period[7] - The net profit for Q1 2022 was approximately CNY 39.06 million, a slight increase from CNY 39.04 million in Q1 2021, reflecting a growth of 0.05%[19] - The total comprehensive income for the quarter was CNY 39.06 million, slightly up from CNY 39.04 million in the previous year, indicating stability in overall performance[20] Cash Flow and Liquidity - The net cash flow from operating activities decreased to RMB -475,798,437.58, a decline of 51.8% year-on-year[4] - The cash flow from operating activities showed a net outflow of CNY 475.80 million, an improvement from a net outflow of CNY 987.04 million in the previous year[21] - The net cash flow from financing activities was CNY 1,080,854,828.56, an increase of 109.9% compared to CNY 513,769,110.16 in the previous year[22] - Cash and cash equivalents at the end of the period amounted to CNY 2,017,226,388.90, up from CNY 1,755,346,843.89 year-over-year[22] - The net increase in cash and cash equivalents was CNY 580,868,265.09, contrasting with a decrease of CNY 531,001,287.94 in the same quarter last year[22] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 39,762,879,741.03, up 3.84% from the end of the previous year[5] - Total liabilities increased to RMB 28,180,083,877.90 in Q1 2022 from RMB 26,750,103,434.74 in Q1 2021, showing a rise of 5.3%[17] - Non-current liabilities totaled RMB 7,945,086,941.69 as of March 31, 2022, compared to RMB 7,309,376,830.33 at the end of 2021, indicating an increase of 8.7%[17] - The total equity attributable to shareholders was RMB 11,482,616,793.97 as of March 31, 2022, compared to RMB 11,442,122,128.94 at the end of 2021, reflecting a marginal increase of 0.4%[17] Operational Metrics - Total operating costs for Q1 2022 were RMB 4,299,962,513.51, up from RMB 3,626,586,282.60 in Q1 2021, reflecting a year-over-year increase of 18.5%[17] - Accounts receivable increased to RMB 4,290,241,168.74 in Q1 2022 from RMB 3,937,964,253.13 in Q1 2021, indicating a rise of 9%[14] - Inventory levels rose to RMB 4,170,201,750.34 in Q1 2022, compared to RMB 3,578,982,139.10 in Q1 2021, marking an increase of 16.5%[14] Expenses - Research and development expenses decreased to CNY 73.37 million from CNY 109.81 million, representing a reduction of 33.3%[19] - The financial expenses rose to CNY 130.20 million, up from CNY 114.69 million, marking an increase of 13.4%[19] - The total tax expenses for the quarter were CNY 18.15 million, slightly higher than CNY 18.02 million in Q1 2021, reflecting an increase of 0.73%[19] - The company’s sales expenses increased to CNY 54.62 million from CNY 53.46 million, representing a rise of 2.17%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 280,802[10] - The largest shareholder, China First Heavy Industries Group Co., Ltd., holds 63.88% of the shares, with 2,140,000,000 shares pledged[10] Other Information - The company did not apply the new accounting standards for the current year[22] - The report was released on April 26, 2022, by the board of directors of China First Heavy Industries[22]