CTC(SH:603060)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was RMB 408,420,785.57, representing a year-on-year increase of 15.12%[4] - The net profit attributable to shareholders of the listed company was a loss of RMB 28,056,691.56, a decrease of 99.22% compared to the same period last year[4] - The net cash flow from operating activities was a negative RMB 112,099,956.19, reflecting a decline of 319.61% year-on-year[4] - The basic earnings per share for the period was -0.0465 yuan, down 99.22% from the previous year[4] - The decline in net profit was primarily due to the impact of the pandemic, regulatory policies in the real estate sector, and increased interest expenses from external borrowings[8] - The weighted average return on net assets was -1.79%, a decrease of 0.77 percentage points compared to the previous year[4] - The net loss for Q1 2022 was CNY 34.11 million, compared to a net loss of CNY 18.74 million in Q1 2021, representing an increase in losses of 82.5%[27] - The total comprehensive loss for Q1 2022 was CNY 33.41 million, compared to a loss of CNY 7.76 million in Q1 2021[29] Assets and Liabilities - Total assets at the end of the reporting period were RMB 3,846,482,920.64, an increase of 0.52% from the end of the previous year[4] - Current assets totaled ¥1,374,586,513.98, slightly up from ¥1,359,808,042.35, indicating a growth of about 1.67%[21] - Non-current assets totaled ¥2,471,896,406.66, a slight increase from ¥2,466,586,449.92, reflecting a growth of about 0.22%[21] - The company's equity attributable to shareholders decreased to ¥1,559,194,715.07 from ¥1,578,563,932.17, representing a decline of approximately 1.22%[23] - Total current liabilities amounted to ¥999,723,961.27, up from ¥951,718,460.62, indicating an increase of approximately 5.04%[21] Shareholder Information - The company had a total of 18,162 common shareholders at the end of the reporting period[11] - The largest shareholder, China Building Materials Science Research Institute Co., Ltd., held 64.65% of the shares[11] Revenue and Expenses - Total operating costs for Q1 2022 were approximately CNY 444.28 million, an increase of 17.8% compared to CNY 376.82 million in Q1 2021[27] - Research and development expenses rose to CNY 38.18 million in Q1 2022, up 33.7% from CNY 28.59 million in Q1 2021[27] - The company reported a decrease in investment income, with a loss of CNY 0.00 in Q1 2022 compared to a gain of CNY 101.60 million in Q1 2021[27] - The company incurred financial expenses of CNY 7.28 million in Q1 2022, compared to a financial income of CNY 0.50 million in Q1 2021[27] - The tax expenses for Q1 2022 were CNY 3.02 million, up from CNY 2.62 million in Q1 2021, reflecting a 15.2% increase[27] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 112.10 million in Q1 2022, worsening from a net outflow of CNY 26.72 million in Q1 2021[29] - The net cash flow from investing activities for Q1 2022 was -$68.26 million, compared to -$37.29 million in Q1 2021, indicating a significant increase in cash outflow[35] - The total cash inflow from financing activities in Q1 2022 was $194 million, up from $86.70 million in Q1 2021, reflecting a strong increase in financing efforts[35] - The net cash flow from financing activities for Q1 2022 was $103.22 million, compared to $34.46 million in Q1 2021, showing a substantial improvement[35] - The cash and cash equivalents at the end of Q1 2022 were $217.65 million, down from $265.88 million at the end of Q1 2021, indicating a decrease in liquidity[35] - The cash and cash equivalents decreased by $77.15 million in Q1 2022, compared to a decrease of $29.53 million in Q1 2021, highlighting a worsening cash position[35] - The company received $194 million in loans during Q1 2022, significantly higher than the $80 million received in Q1 2021, indicating increased borrowing activity[35] - The company paid $77.95 million in debt repayments in Q1 2022, compared to $51.74 million in Q1 2021, reflecting higher debt servicing costs[35] - The company distributed $4.97 million in dividends and interest payments in Q1 2022, a notable increase from $504,331 in Q1 2021, indicating a commitment to returning value to shareholders[35] - The impact of exchange rate changes on cash and cash equivalents was -$13,054.38 in Q1 2022, contrasting with a positive impact of $7,412 in Q1 2021, suggesting adverse currency effects[35] Accounting Standards - The company did not apply the new accounting standards for the financial statements starting from 2022, which may affect comparability with previous periods[35]