YAPP(SH:603013)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥2,013,516,989.09, representing a year-on-year increase of 1.58%[7] - The net profit attributable to shareholders was ¥128,922,654.55, reflecting a growth of 12.27% compared to the same period last year[7] - The basic earnings per share (EPS) was ¥0.25, up by 13.64% year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥124,986,170.38, which is a 17.84% increase year-on-year[7] - Net profit for Q1 2022 reached approximately ¥138.48 million, up from ¥127.13 million in Q1 2021, indicating a growth of about 8.66%[32] - The total comprehensive income for the period attributable to the parent company was CNY 115,108,062.31, an increase from CNY 96,016,389.48 in the same period last year, representing a growth of approximately 19.5%[34] - The total comprehensive income for the period was CNY 101,016,391.76, compared to CNY 85,271,823.39 in the previous year, reflecting an increase of approximately 18.5%[51] Cash Flow - The net cash flow from operating activities increased by 36.38% to ¥480,312,361.77, primarily due to reduced payments for raw materials and taxes[7][15] - The net cash flow generated from operating activities was CNY 480,312,361.77, compared to CNY 352,185,860.39 in the previous year, indicating an increase of about 36.4%[38] - The total cash inflow from operating activities was CNY 2,066,006,883.08, while the total cash outflow was CNY 1,585,694,521.31, resulting in a net cash inflow of CNY 480,312,361.77[38] - The cash outflow for purchasing goods and services was CNY 1,280,385,515.91, a decrease from CNY 1,460,439,471.61 in the same period last year, indicating a reduction of approximately 12.3%[38] - The net cash flow from operating activities for Q1 2022 was CNY 393,702,166.62, an increase from CNY 356,347,650.23 in Q1 2021, representing a growth of approximately 10.0%[51] - Total cash inflow from operating activities was CNY 1,239,287,395.59, compared to CNY 1,226,884,613.13 in the previous year, indicating a slight increase of about 1.0%[51] - The cash outflow from operating activities decreased to CNY 845,585,228.97 from CNY 870,536,962.90, showing a reduction of approximately 2.9%[51] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,218,615,106.71, an increase of 4.92% from the end of the previous year[9] - The company's total liabilities increased to approximately ¥2,453.00 million in Q1 2022 from ¥2,298.09 million in Q1 2021, marking an increase of about 6.76%[28] - The total assets increased to CNY 5,011,258,364.45, compared to CNY 4,842,388,641.34 in the previous year, marking a growth of 3.5%[45] - The total liabilities rose to CNY 1,358,170,737.87, up from CNY 1,302,489,492.96, indicating an increase of 4.3%[45] - The company's long-term borrowings decreased by 44.98%, primarily due to repayments of bank loans and reclassifications to current liabilities[12] - The company reported a decrease in long-term borrowings, indicating a potential reduction in financial leverage[45] Shareholder Information - The total number of common shareholders at the end of the reporting period is 22,581[16] - The largest shareholder, Guotou High-tech Investment Co., Ltd., holds 252,450,000 shares, accounting for 49.10% of the total shares[16] - The second largest shareholder, Huayu Automotive Systems Co., Ltd., holds 152,550,000 shares, representing 29.67% of the total shares[16] - The company has no pledged or frozen shares among the top ten shareholders[16] - The company has not disclosed any significant related party transactions among the top ten shareholders[18] Research and Development - Research and development expenses for Q1 2022 were approximately ¥61.29 million, compared to ¥58.73 million in Q1 2021, showing an increase of about 4.43%[28] - The company's R&D expenses for Q1 2022 were CNY 52,645,510.76, slightly down from CNY 54,176,218.37 in Q1 2021[45] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[28] - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[45]