DEPPON(SH:603056)2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 7,020,127,233.48, a decrease of 4.75% year-on-year[6] - The net profit attributable to shareholders was CNY -79,599,937.94, representing a decline of 838.73% compared to the same period last year[6] - The gross profit margin for Q1 2022 was 9.05%, down 0.69 percentage points compared to the same period last year[20] - The express business generated revenue of CNY 4,611,000,000, a year-on-year increase of 1.42%[14] - The freight business revenue was CNY 2,189,000,000, a decrease of 15.44% year-on-year[14] - The company reported a net profit margin decline due to increased operating costs, impacting overall profitability[45] - Net profit for the first quarter of 2022 was -79,647,138.52 RMB, compared to a profit of 11,380,092.51 RMB in the same period of 2021, indicating a significant decline[48] - The total profit (loss) for the period was -100,284,787.77 RMB, compared to a profit of 14,616,096.22 RMB in the first quarter of 2021[48] - The company reported a comprehensive income total of -227,464,734.52 RMB, down from 16,150,092.51 RMB in the same quarter last year[50] - Basic and diluted earnings per share were both -0.08 RMB, compared to 0.01 RMB in the first quarter of 2021[50] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 966,652,737.54, an increase of 13.00% year-on-year[6] - Cash and cash equivalents increased by 44.45%, primarily due to the company's need to increase cash reserves for development[21] - Cash inflow from operating activities was 8,255,375,747.26 RMB, a decrease from 8,362,567,781.19 RMB year-over-year[55] - Cash outflow from operating activities totaled 7,288,723,009.72 RMB, compared to 7,507,085,783.58 RMB in the previous year[55] - The net cash flow from operating activities was 966,652,737.54 RMB, an increase from 855,481,997.61 RMB in the same quarter of 2021[55] - The net cash flow from investing activities was -573,359,613.98 RMB, worsening from -483,382,171.73 RMB year-over-year[56] - The company's cash inflow from financing activities totaled ¥1,737,464,683.14, a decrease of 14.3% compared to ¥2,028,030,845.49 in the previous year[57] - The net cash flow from financing activities was ¥112,951,831.00, down 67.5% from ¥347,294,340.57 year-over-year[57] - Cash and cash equivalents at the end of the period amounted to ¥1,646,961,672.48, a decrease of 21.4% from ¥2,093,941,556.03 at the end of the previous year[57] Assets and Liabilities - Total assets at the end of the reporting period were CNY 15,390,464,387.31, down 1.79% from the end of 2021[10] - The company's equity attributable to shareholders was CNY 5,977,683,705.34, a decrease of 3.55% from the end of 2021[10] - Total liabilities as of March 31, 2022, were CNY 9,414,467,275.67, slightly down from CNY 9,475,310,192.99 at the end of 2021[45] - The company's total liabilities increased to ¥4,331,460,983.84, up 8.6% from ¥3,989,760,794.56 year-over-year[62] - The total equity of the company decreased to ¥5,887,057,855.39, down 2.1% from ¥6,014,462,629.32 in the previous year[62] Research and Development - Research and development expenses rose by 68.04%, reflecting an expansion in R&D investment during the reporting period[21] - Research and development expenses increased to CNY 12,731,667.37 in Q1 2022, up from CNY 7,576,695.95 in Q1 2021, representing a growth of 67.5%[45] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 47,481[28] - The largest shareholder, Ningbo Meishan Bonded Port Area Debang Investment Holding Co., Ltd., held 66.50% of the shares[28] Corporate Actions - The company received a takeover offer on March 11, 2022, which could lead to a change in its actual controller[32] - The takeover involves the transfer of 93,862,533 shares, representing 99.9870% of the target company's total equity[34] - The transaction is subject to regulatory approval from the State Administration for Market Regulation[35] - The company anticipates that the completion of the transaction may face uncertainties regarding the timing and finalization[35] Operational Costs - Operating costs for Q1 2022 were CNY 6,385,000,000, a decrease of 4.02% year-on-year[16] - Total operating costs for Q1 2022 were CNY 7,231,038,666.82, down from CNY 7,484,006,722.52 in Q1 2021, reflecting a decrease of 3.37%[45] - The company incurred period expenses of CNY 824,000,000, an increase of 1.17% year-on-year[20] - The cost of goods sold decreased significantly to ¥36,653,081.42, down 41.4% from ¥62,454,996.29 year-over-year[62] - Management expenses for Q1 2022 were ¥13,527,949.98, a decrease of 69.9% compared to ¥44,890,840.85 in Q1 2021[62]