CHIC(SH:601608)2022-04-25 16:00Financial Performance - The company's operating revenue for Q1 2022 was RMB 2,165,944,763.58, representing a year-on-year increase of 14.88%[2] - The net profit attributable to shareholders for Q1 2022 was RMB 78,146,985.40, up 23.48% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 67.91% to RMB 41,601,430.33[2] - The basic earnings per share for Q1 2022 was RMB 0.0180, reflecting a growth of 23.29% year-on-year[2] - Total operating revenue for Q1 2022 reached ¥2,165,944,763.58, an increase of 14.85% compared to ¥1,885,394,875.02 in Q1 2021[11] - Net profit for Q1 2022 was ¥78,965,407.92, representing a 16.63% increase from ¥67,698,585.60 in Q1 2021[13] - The company reported a total profit of ¥80,249,523.67 for Q1 2022, up from ¥74,433,617.22 in Q1 2021[13] - Total comprehensive income for Q1 2022 was ¥73,888,958.64, compared to ¥57,672,972.08 in Q1 2021[14] Assets and Liabilities - Total assets at the end of the reporting period were RMB 19,707,504,004.21, a decrease of 3.29% from the end of the previous year[2] - The company's current assets totaled ¥11,660,213,545.50, down from ¥12,262,612,198.34 in December 2021, indicating a decline of approximately 4.9%[8] - The company's total liabilities were reported at ¥11,895,656,308.01, down from ¥12,639,981,010.24, indicating a reduction of about 5.9%[10] - The company's total assets amounted to ¥20,002,494,919.45, down from ¥20,281,124,407.24, indicating a decrease of 1.4%[18] - The total liabilities increased slightly to 9,607,315,296.81 CNY from 9,587,186,173.34 CNY, showing a marginal increase of 0.2%[18] Cash Flow - The net cash flow from operating activities was -234,777,417.04 CNY, an improvement from -389,950,517.67 CNY in the previous year, indicating a 39.8% reduction in cash outflow[15] - Cash inflow from operating activities totaled approximately ¥1.48 billion in Q1 2022, compared to ¥1.29 billion in Q1 2021, marking a 14.7% increase[22] - The net increase in cash and cash equivalents was -829,095,986.13 CNY, compared to -652,524,156.18 CNY in the previous year, reflecting a worsening cash position[16] - The ending balance of cash and cash equivalents was $1.07 billion, down from $1.26 billion year-over-year[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 110,511[5] - The largest shareholder, China CITIC Limited, held 60.49% of the shares, amounting to 2,624,901,147 shares[5] Strategic Focus - The company emphasized market development and cost reduction as key strategies, leading to growth in offshore wind power and special materials businesses[4] Expenses - Total operating costs for Q1 2022 were ¥2,117,353,730.39, up 15.14% from ¥1,839,123,183.29 in Q1 2021[11] - Research and development expenses in Q1 2022 amounted to ¥105,663,484.02, a decrease of 16.19% from ¥126,072,153.12 in Q1 2021[13] - Sales expenses for Q1 2022 were ¥51,861,830.38, down 24.66% from ¥68,864,425.80 in Q1 2021[13] - The company's financial expenses decreased significantly to ¥1.42 million in Q1 2022 from ¥5.59 million in Q1 2021, a reduction of 74.6%[20]