2022-04-20 16:00Financial Performance - The total revenue for Q1 2022 was CNY 118.58 billion, representing an increase of 11.53% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 7.22 billion, reflecting a growth of 12.14% year-over-year[5]. - The net profit after deducting non-recurring gains and losses was CNY 7.99 billion, up by 10.39% from the previous year[5]. - The basic earnings per share remained at CNY 0.08, unchanged from the previous year[5]. - The diluted earnings per share also stood at CNY 0.08, consistent with the prior year[5]. - The total comprehensive income for Q1 2022 was CNY 7,054,213,153.91, compared to CNY 6,436,379,182.54 in Q1 2021, marking an increase of 9.6%[27]. - The total profit for Q1 2022 was CNY 9.01 billion, up 21.2% from CNY 7.43 billion in Q1 2021[35]. Operating Metrics - In Q1 2022, the company's operating revenue was RMB 118.576 billion, an increase of 11.5% year-on-year, with service revenue reaching RMB 110.024 billion, up 9.9%[14]. - The company's operating profit for Q1 2022 was CNY 11,169,377,464.69, compared to CNY 9,757,957,950.29 in Q1 2021, indicating a growth of 14.5%[26]. - The company's fixed broadband and smart home service revenue was RMB 29.645 billion, a year-on-year growth of 4.9%[15]. - The revenue from industrial digitalization reached RMB 29.414 billion, marking a significant year-on-year increase of 23.2%[16]. User Growth - The total number of mobile users reached 379.54 million, with a net increase of 7.11 million users in Q1 2022[12][13]. - The number of 5G package users increased by 22.95 million, totaling approximately 211 million, with a penetration rate of 55.5%[14]. Costs and Expenses - The company's operating costs were RMB 81.780 billion, up 12.1% year-on-year, primarily due to network quality optimization and increased investment in 5G and digitalization[17]. - R&D expenses surged by 56.8% year-on-year to RMB 1.118 billion, reflecting the company's commitment to technological innovation[17]. - The company's tax expenses for Q1 2022 were CNY 2,060,669,759.72, up from CNY 1,889,469,818.33 in Q1 2021, reflecting an increase of 9.0%[26]. - The financial expenses decreased significantly to CNY 195,297,829.91 from CNY 545,048,627.79 in the previous year, a reduction of 64.1%[26]. Cash Flow and Assets - The net cash flow from operating activities was CNY 28.27 billion, showing a slight increase of 2.08%[5]. - Cash and cash equivalents as of March 31, 2022, amounted to CNY 71.49 billion, a decrease from CNY 75.21 billion as of December 31, 2021[21]. - Accounts receivable increased to CNY 34.22 billion as of March 31, 2022, compared to CNY 22.33 billion at the end of 2021, representing a growth of 53.38%[21]. - Total assets at the end of the reporting period were CNY 768.15 billion, a 0.78% increase from the end of the previous year[6]. - Total liabilities as of March 31, 2022, were CNY 329.92 billion, a decrease from CNY 331.07 billion at the end of 2021[23]. Future Plans - The company plans to enhance its digital transformation and continue developing comprehensive intelligent information products and services[18]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[35].