YOFC(601869)2022-04-29 16:00Financial Performance - The company's revenue for the first quarter reached CNY 2,981,678,053, representing a 55.95% increase compared to CNY 1,911,894,833 in the same period last year[5] - Net profit attributable to shareholders was CNY 203,577,445, a significant increase of 141.03% from CNY 84,463,087 year-on-year[5] - The basic earnings per share (EPS) was CNY 0.27, up 145.45% from CNY 0.11 in the previous year[6] - The net profit for the first quarter of 2022 was CNY 210,382,323, a significant increase from CNY 87,089,180 in the same period of 2021, representing a growth of approximately 141%[23] - Total comprehensive income for the first quarter of 2022 reached CNY 226,187,987, up from CNY 77,353,577 in Q1 2021, indicating a growth of approximately 193%[23] Assets and Liabilities - The total assets at the end of the reporting period were CNY 21,405,186,623, reflecting a 9.89% increase from CNY 19,478,649,093 at the end of the previous year[6] - Total liabilities reached CNY 10,566,642,766, up from CNY 8,893,621,576 in Q1 2021, indicating a 18.8% increase[20] - Non-current assets totaled RMB 7,436,403,504, compared to RMB 7,164,836,160 in the previous year, showing a growth of 3.8%[20] - The company's equity attributable to shareholders increased to RMB 10,002,147,121 from RMB 9,781,997,943, reflecting a 2.3% growth[20] Cash Flow - The net cash flow from operating activities was negative at CNY -277,078,031, an improvement from CNY -372,956,016 in the same period last year[5] - Operating cash inflow for Q1 2022 was CNY 2,345,507,261, compared to CNY 1,515,216,782 in Q1 2021, reflecting an increase of about 55%[25] - Cash flow from financing activities generated a net inflow of CNY 1,261,921,729 in Q1 2022, compared to CNY 551,491,999 in Q1 2021, representing an increase of approximately 129%[26] - The total cash and cash equivalents at the end of Q1 2022 were CNY 3,366,749,244, up from CNY 1,456,448,088 at the end of Q1 2021, reflecting an increase of about 131%[26] Investments and Acquisitions - The company acquired a 49% stake in Changfei Suzhou for RMB 18,326,000, based on a fair value assessment of RMB 374,000,000[15] - The company participated in a joint investment for a total of RMB 142,967,279.92 to acquire Wuhu Terahertz Engineering Center and Wuhu Qidi Semiconductor, which will be included in the consolidated financial statements[15] - The company signed a share transfer agreement to acquire 12.72% of Bochuang Technology for RMB 1,027,950,000, gaining control with a total voting power of 25.43%[16] - The company’s total liabilities and equity will be updated following the completion of the recent acquisitions and investments, impacting future financial performance[15] Operational Metrics - Operating costs for Q1 2022 were RMB 2,775,011,060, up 53.2% from RMB 1,812,317,575 in Q1 2021[22] - R&D expenses increased to RMB 139,289,734 in Q1 2022, compared to RMB 81,628,566 in Q1 2021, reflecting a 70.5% rise[22] - The company reported inventory of RMB 2,717,006,755, slightly down from RMB 2,763,022,541, indicating a decrease of about 1.7%[18] - The company plans to continue investing in R&D and market expansion strategies to drive future growth[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,266, with the largest shareholder holding 23.73% of the shares[12] - The company received government subsidies amounting to CNY 18,265,232, which are closely related to its normal business operations[9]