2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 30,647,501, a decrease of 26.25% compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 219,751, representing a decline of 83.61% year-on-year[3]. - Total operating revenue for Q1 2022 was CNY 30,647,501, a decrease of 26.5% compared to CNY 41,553,935 in Q1 2021[17]. - Net profit for Q1 2022 was CNY 549,682, down 66.6% from CNY 1,649,031 in Q1 2021[17]. - Total comprehensive income for Q1 2022 was CNY 394,638, significantly lower than CNY 1,689,900 in Q1 2021[18]. - The company reported a total profit of CNY 839,168 for Q1 2022, down 59.3% from CNY 2,060,291 in Q1 2021[17]. - Basic earnings per share for Q1 2022 were CNY 0.01, down from CNY 0.05 in Q1 2021[18]. Cash Flow - The cash flow from operating activities showed a net outflow of CNY 9,017,614, a decrease of CNY 39,090,000 compared to the previous year[7]. - Cash flow from operating activities generated a net amount of CNY 625,237 thousand, significantly lower than CNY 2,208,052 thousand in the same period last year, a decline of about 71.7%[24]. - Cash flow from investing activities showed a net outflow of CNY 56,390,000, a decrease of CNY 41,110,000 year-on-year[7]. - The cash inflow from investment activities was CNY 7,486,170, compared to CNY 5,986,799 in Q1 2021, indicating a positive trend[19]. - Cash flow from investing activities showed a net inflow of CNY 2,129,619 thousand, contrasting with a net outflow of CNY -4,691,804 thousand in Q1 2021[24]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 428,401,601, an increase of 0.37% from the end of the previous year[3]. - As of March 31, 2022, the total assets of China CRRC Corporation Limited amounted to RMB 428.40 billion, a slight increase from RMB 426.83 billion at the end of 2021[15]. - The company's total liabilities were RMB 245.70 billion, compared to RMB 244.53 billion at the end of 2021, indicating a marginal increase[16]. - The company's total liabilities decreased to CNY 38,038,697 thousand from CNY 43,978,773 thousand, representing a reduction of about 13.5%[21]. - The total equity attributable to shareholders was RMB 148.62 billion, slightly up from RMB 148.57 billion at the end of 2021[16]. - The company reported a total equity of CNY 102,096,217 thousand as of March 31, 2022, slightly down from CNY 102,198,464 thousand at the end of 2021[22]. Inventory and Receivables - Inventory increased to RMB 71.97 billion, up from RMB 61.42 billion in the previous year, reflecting a growth of approximately 17.5%[15]. - The accounts receivable stood at RMB 72.30 billion, showing a slight decrease from RMB 72.99 billion year-over-year[15]. Financial Expenses - The company experienced a significant increase in financial expenses, which decreased by 68.50% year-on-year due to reduced exchange losses[6]. - The company’s financial expenses for Q1 2022 were CNY 5,307 thousand, a significant decrease from CNY 23,589 thousand in Q1 2021, reflecting a reduction of approximately 77.5%[23]. Orders and Contracts - New orders signed in Q1 2022 amounted to approximately CNY 52.2 billion, with international contracts accounting for about CNY 9.4 billion[9]. Research and Development - Research and development expenses amounted to CNY 1,881,440, a decrease of 16.9% from CNY 2,264,944 in Q1 2021[17]. Shareholder Information - The company reported a total of 699,232 A-share shareholders and 2,689 H-share shareholders as of the report date[12]. Accounting Standards - The company has not adopted the new accounting standards for the first time in 2022, indicating a continuation of previous accounting practices[25].