SHBT(SH:603009)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥428,281,371.61, a slight decrease of 0.23% compared to the same period last year[5] - Net profit attributable to shareholders was ¥23,952,562.71, representing a year-on-year increase of 7.22%[5] - Basic and diluted earnings per share were both ¥0.0668, reflecting a growth of 7.4% year-on-year[6] - Net profit for Q1 2022 was approximately ¥23.41 million, representing an increase of 16.67% from ¥20.13 million in Q1 2021[24] - Operating profit for Q1 2022 was approximately ¥26.70 million, up 14.00% from ¥23.22 million in Q1 2021[24] - Basic and diluted earnings per share for Q1 2022 were both ¥0.0668, an increase from ¥0.0622 in Q1 2021[25] - Net profit for Q1 2022 reached ¥11,168,284.56, which is a significant increase of 90.5% from ¥5,856,389.44 in Q1 2021[32] - Basic earnings per share for Q1 2022 were ¥0.0311, compared to ¥0.0163 in Q1 2021, indicating an increase of 91.4%[32] Cash Flow - The net cash flow from operating activities decreased by 62.14% to ¥28,482,476.15, primarily due to reduced receivables and increased payments for raw materials[7] - Cash flow from operating activities for Q1 2022 was approximately ¥28.48 million, a decrease of 62.14% compared to ¥75.23 million in Q1 2021[27] - The cash and cash equivalents decreased by ¥31,368,000, mainly due to payments for raw materials and other operational expenses[11] - The company's cash and cash equivalents were RMB 71,439,841.32, compared to RMB 102,808,093.03 at the end of 2021[19] - The company's cash and cash equivalents decreased to ¥34,969,988.91 from ¥64,117,205.67, indicating a decline of approximately 45.5%[29] - The cash inflow from operating activities included $133.29 million from sales, a decrease from $138.37 million in the previous year[34] - The company reported a decrease in cash flow from operating activities outflow, which was $208.18 million in Q1 2022 compared to $225.60 million in Q1 2021[35] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,121,872,236.15, down 1.36% from the end of the previous year[6] - As of March 31, 2022, total assets amounted to RMB 3,121,872,236.15, a decrease from RMB 3,164,999,574.69 at the end of 2021[22] - Current assets totaled RMB 1,392,586,677.23, down from RMB 1,418,302,887.79 at the end of 2021[20] - Total liabilities were RMB 1,487,570,888.35, down from RMB 1,554,106,371.23 at the end of 2021[21] - The total current liabilities increased to ¥613,175,303.33, compared to ¥584,552,417.78 in the previous year, reflecting an increase of about 4.3%[30] - The total owner's equity rose to ¥1,520,124,662.28, up from ¥1,508,956,377.72, reflecting an increase of approximately 0.7%[31] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 358,730,089[14] - The top shareholder, Jin Kun, holds 29.80% of the shares, with a portion pledged[14] Production and Operations - The company's production capacity utilization rate was approximately 60% to 70% due to pandemic lockdowns affecting the Shanghai factory[17] - The company completed a share transfer for its subsidiary, Jiangsu Beite Automotive Parts Co., Ltd., increasing its ownership to 80%[17] Research and Development - Research and development expenses for Q1 2022 were ¥6,276,580.46, up from ¥5,070,122.20 in Q1 2021, marking an increase of 23.8%[32] Cost Management - The company faced significant cost pressures due to rising prices of bulk materials but maintained profitability through cost-saving measures[6] - The company paid $95.14 million for goods and services in Q1 2022, down from $106.54 million in Q1 2021, indicating cost management efforts[34]