HFM(SH:603011)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 320,139,752.67, representing an increase of 83.35% compared to the same period last year[5]. - The net profit attributable to shareholders for Q1 2022 was CNY 25,543,789.73, reflecting a significant increase of 145.82% year-over-year[5]. - The basic earnings per share for the period was CNY 0.05, which is an increase of 150.00% compared to the previous year[6]. - Total revenue for Q1 2022 reached RMB 320,139,752.67, a significant increase from RMB 174,603,956.38 in Q1 2021, representing an increase of approximately 83.4%[19]. - The net profit for Q1 2022 reached ¥25,448,475.46, up from ¥10,317,145.20 in Q1 2021, marking an increase of approximately 146.5%[20]. - The basic earnings per share for Q1 2022 was ¥0.05, compared to ¥0.02 in Q1 2021, indicating a 150% increase[21]. Assets and Liabilities - Total assets at the end of Q1 2022 reached CNY 3,670,443,170.76, marking an 18.20% increase from the end of the previous year[6]. - As of March 31, 2022, total assets amounted to RMB 3,670,443,170.76, up from RMB 3,105,222,726.19 at the end of 2021, indicating a growth of about 18.2%[17]. - Total current liabilities increased to RMB 1,404,662,132.21 from RMB 1,295,323,591.26, an increase of approximately 8.4%[16]. - The company's total equity as of March 31, 2022, was RMB 2,211,077,732.15, up from RMB 1,755,411,076.07 at the end of 2021, reflecting an increase of about 25.9%[17]. - The company’s total equity attributable to shareholders increased by 25.94% to CNY 2,212,409,364.89 compared to the end of the previous year[6]. Cash Flow - The company reported a net cash flow from operating activities of -CNY 210,208,718.55, a decrease of 177.40% compared to the previous year[5]. - The net cash flow from operating activities for Q1 2022 was -¥210,208,718.55, worsening from -¥75,778,970.04 in Q1 2021[25]. - The net cash flow from investing activities for Q1 2022 was -¥371,231,864.14, compared to -¥61,757,311.44 in Q1 2021, indicating a significant increase in cash outflow[26]. - The net cash flow from financing activities for Q1 2022 was ¥514,109,530.49, a substantial increase from ¥27,846,084.73 in Q1 2021[26]. - The cash flow from financing activities was CNY 1,746.25 million, primarily due to a non-public offering of shares[9]. Research and Development - Research and development expenses increased by 96.77% in Q1 2022, indicating a significant investment in innovation[8]. - The company incurred research and development expenses of ¥23,614,889.58 in Q1 2022, up from ¥12,000,988.34 in Q1 2021, representing an increase of approximately 96.8%[20]. Other Financial Metrics - The weighted average return on equity rose to 1.33%, an increase of 0.72 percentage points compared to the previous year[6]. - The company reported other income of ¥16,948,281.16 in Q1 2022, compared to ¥5,302,581.58 in Q1 2021, reflecting an increase of about 219.5%[20]. - The total operating costs for Q1 2022 were ¥305,550,980.98, compared to ¥170,299,743.25 in Q1 2021, reflecting an increase of about 79.4%[20]. - The company's cash and cash equivalents decreased to RMB 181,698,113.35 from RMB 233,937,936.13, a decline of approximately 22.3%[15]. - Accounts receivable increased to RMB 525,074,308.46 from RMB 473,436,021.30, reflecting a growth of about 10.9%[15]. - Inventory levels rose to RMB 928,593,481.64, compared to RMB 821,948,540.46 at the end of 2021, marking an increase of approximately 13.0%[15]. Shareholder Information - The company completed a non-public offering of shares, adding 55,845,145 shares, bringing the total shares to 504,794,339[13]. - CITIC Investment Holdings reduced its stake from 9.04% to 8.04%, having sold 1% of its shares by March 24, 2022[13].