SGC(SH:601139)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 6,785,528,192.59, representing a year-on-year increase of 55.92%[4] - The net profit attributable to shareholders was CNY 226,583,875.42, showing a decrease of 21.04% compared to the same period last year[4] - The basic earnings per share for the period was CNY 0.08, down by 20.00% from the previous year[4] - Net profit attributable to shareholders decreased by 21.04% to RMB 22.66 million, while the net profit excluding non-recurring gains and losses fell by 27.31% to RMB 20.56 million[13] - Net profit for Q1 2022 was CNY 279,132,792.97, a decrease of 9.7% compared to CNY 309,289,651.31 in Q1 2021[19] - The company reported a profit before tax of CNY 343,684,597.58 for Q1 2022, compared to CNY 378,759,331.93 in Q1 2021, indicating a decline of 9.3%[19] Cash Flow - The net cash flow from operating activities was negative at CNY -751,723,902.88, a decline of 817.26% year-on-year[4] - In Q1 2022, Shenzhen Gas reported cash inflows from operating activities of CNY 5,957,080,121.60, an increase of 32.0% compared to CNY 4,520,324,030.30 in Q1 2021[21] - The net cash outflow from operating activities was CNY -751,723,902.88, a decline from a net inflow of CNY 104,804,966.72 in the same period last year[22] - Cash outflows for purchasing goods and services amounted to CNY 5,685,035,461.48, up from CNY 3,406,589,938.02 in Q1 2021, reflecting a 67.0% increase[21] - Total cash inflows from financing activities reached CNY 3,651,926,799.11, compared to CNY 3,065,701,307.68 in Q1 2021, marking a 19.1% increase[22] - The company reported a cash and cash equivalents balance of CNY 1,735,142,554.27 at the end of Q1 2022, down from CNY 3,783,985,239.54 at the end of Q1 2021[23] - Cash outflows for financing activities totaled CNY 3,653,748,550.79, an increase from CNY 3,088,103,347.87 in the previous year[22] - The total cash outflow from investment activities was CNY 486,814,083.05, compared to CNY 267,990,503.14 in Q1 2021, indicating an increase of 81.6%[22] - The net cash flow from investment activities was CNY -470,707,790.58, worsening from CNY -177,576,973.76 in the same quarter last year[22] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 34,392,437,145.86, an increase of 0.87% from the end of the previous year[5] - Current assets totaled RMB 9.15 billion, slightly down from RMB 9.24 billion at the end of the previous year[15] - Total assets increased to RMB 34.39 billion from RMB 34.10 billion year-on-year[16] - The total liabilities as of Q1 2022 were CNY 19,796,150,013.97, slightly down from CNY 20,028,542,215.00 in the previous year[17] - Total equity attributable to shareholders rose to CNY 12,579,582,801.94, reflecting a 1.75% increase from the previous year[5] - Total equity increased to CNY 14,596,287,131.89 in Q1 2022 from CNY 14,067,669,508.46 in Q1 2021, representing a growth of 3.7%[17] Research and Development - The company's R&D expenses surged by 259.53% during the reporting period, primarily due to the consolidation of newly acquired companies[9] - Research and development expenses increased to CNY 110,841,073.86 in Q1 2022, compared to CNY 30,829,842.07 in Q1 2021, reflecting a growth of 259.5%[18] Sales Performance - The cash received from sales of goods and services increased by 32.03%, attributed to higher natural gas sales and the addition of new consolidated entities[9] - Natural gas sales volume reached 1.085 billion cubic meters, up 7.96% from 1.005 billion cubic meters in the same period last year[13] - Pipeline natural gas sales in Shenzhen decreased by 13.18% to 461 million cubic meters, while sales outside Shenzhen increased by 25.13% to 478 million cubic meters[13] - The company reported a significant increase in natural gas wholesale volume, which rose by 58.70% to 146 million cubic meters[13] Future Outlook - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[13]