Lifan(SH:601777)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥1,249,498,768.10, representing a year-on-year increase of 48.74%[6] - Net profit attributable to shareholders for Q1 2022 was ¥50,849,023.13, a significant increase of 220.54% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥42,624,771.43, up by 187.83% year-on-year[6] - Basic earnings per share for Q1 2022 increased by 222.86% to ¥0.0113[6] - The total operating revenue for Q1 2022 was RMB 1,249,498,768.10, an increase of 48.8% compared to RMB 840,059,069.45 in Q1 2021[29] - The total operating costs for Q1 2022 were RMB 1,323,837,230.16, up from RMB 919,140,550.82 in Q1 2021, reflecting a year-over-year increase of 44.0%[29] - Net profit for the current period reached CNY 43,781,144.86, a significant increase compared to CNY 12,764,247.09 in the previous period, representing a growth of approximately 243.5%[33] - Operating profit increased to CNY 48,520,672.56 from CNY 18,154,199.06, marking a growth of about 167.5%[33] - Total revenue from sales of goods and services for the first quarter was CNY 1,000,216,474.71, compared to CNY 737,056,782.98 in the same period last year, reflecting a growth of about 35.7%[39] Assets and Liabilities - Total assets at the end of the reporting period were ¥18,451,734,725.17, an increase of 4.65% from the end of the previous year[9] - The total liabilities increased to RMB 6,852,252,433.13 from RMB 6,331,692,398.44, representing a rise of 8.2%[29] - The total equity attributable to shareholders was RMB 10,187,088,126.64, slightly up from RMB 10,169,667,235.29, showing a marginal increase of 0.2%[29] - Cash and cash equivalents as of March 31, 2022, were RMB 3,135,919,979.95, compared to RMB 2,755,853,486.28 in the previous year, marking an increase of 13.8%[24] - Accounts receivable rose to RMB 986,595,064.31 from RMB 687,309,886.63, reflecting a significant increase of 43.7%[24] - Inventory levels increased to RMB 2,224,844,977.78 from RMB 2,197,218,932.37, a growth of 1.3%[24] - The non-current assets totaled RMB 11,125,391,848.36, up from RMB 11,021,170,769.59, indicating an increase of 0.9%[27] - The deferred tax assets were reported at RMB 883,697,791.09, slightly down from RMB 884,634,515.13, a decrease of 0.1%[27] Cash Flow - The net cash flow from operating activities decreased by 79.00% to ¥139,396,119.41, primarily due to the recovery of previously transferred management account funds in the prior period[6] - The company reported a net cash flow from operating activities of CNY 139,396,119.41, down from CNY 663,773,214.98 in the previous year[39] - The company raised CNY 300,000,000.00 from new investments during the quarter, reflecting a strategic move to enhance capital[39] - Total cash inflow from financing activities amounted to $300.1 million, compared to $57.1 million in the previous period[41] - Cash outflow from financing activities totaled $46.7 million, down from $359.5 million previously[41] - Net cash flow from financing activities was $253.4 million, a significant improvement from a negative $302.4 million last year[41] - The impact of exchange rate changes on cash and cash equivalents was a decrease of $8.6 million[41] - The net increase in cash and cash equivalents was $359.7 million, compared to $354.0 million in the previous period[41] - The beginning balance of cash and cash equivalents was $2.07 billion, while the ending balance rose to $2.43 billion[41] Other Financial Metrics - The weighted average return on net assets rose by 0.50 percentage points to 0.50%[9] - The company reported non-recurring gains of ¥8,224,251.70 during the period, including government subsidies and other income[12] - Total comprehensive income for the period was CNY 10,523,797.05, compared to CNY 34,038,733.96 in the previous period, showing a decrease of approximately 69.0%[35] - The company recorded a significant increase in financial expenses, totaling CNY 15,651,368.02, compared to CNY 32,799,021.09 in the previous period[33] - The total amount of other comprehensive income after tax was CNY -33,257,347.81, compared to CNY 21,274,486.87 in the previous period, indicating a negative shift[33] - Research and development expenses rose to CNY 25,854,803.18, up from CNY 14,923,453.08, indicating an increase of approximately 73.2%[33] - The increase in operating revenue was mainly due to the resumption of the automotive business, which contributed to the revenue growth[12]