CZTL(SH:603158)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 562,589,841.51, representing a year-on-year increase of 15.73%[5] - The net profit attributable to shareholders decreased by 38.35% to CNY 27,762,530.12 compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 43.97% to CNY 22,762,544.14[5] - The net profit for Q1 2022 was CNY 33,541,839.82, a decrease of 39.7% compared to CNY 55,751,674.57 in Q1 2021[22] - The total revenue from operating activities was CNY 518,602,467.35, slightly down from CNY 519,752,627.85 in the same period last year[25] - The company reported a net profit margin improvement, with operating income rising significantly while managing costs effectively[20] - The company’s total comprehensive income for Q1 2022 was CNY 31,048,836.54, down from CNY 53,576,030.70 in Q1 2021[22] Earnings and Shareholder Returns - Basic and diluted earnings per share were both CNY 0.08, down 61.90% year-on-year due to an increase in share capital[6] - Basic and diluted earnings per share were both CNY 0.08, compared to CNY 0.21 in the same quarter last year[22] - The weighted average return on equity decreased by 2.25 percentage points to 1.46%[6] Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 242.64% to CNY 23,319,475.58[5] - The company reported a net cash flow from operating activities of CNY 23,319,475.58, compared to a negative cash flow of CNY -16,348,186.32 in Q1 2021[25] - Cash and cash equivalents as of March 31, 2022, amounted to RMB 458,052,011.93, compared to RMB 342,618,618.18 at the end of 2021, representing a growth of 33.7%[17] - The cash and cash equivalents at the end of Q1 2022 were CNY 263,996,033.75, an increase from CNY 219,127,121.93 at the end of Q1 2021[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,704,305,111.21, an increase of 2.55% from the end of the previous year[6] - Total assets as of March 31, 2022, were RMB 3,704,305,111.21, up from RMB 3,612,053,904.99 at the end of 2021, reflecting a growth of 2.6%[18] - Total liabilities increased to RMB 1,546,206,766.78 as of March 31, 2022, compared to RMB 1,485,004,397.10 at the end of 2021, representing an increase of 4.1%[19] - The company’s total liabilities decreased to CNY 1,200,000,000.00 from CNY 1,300,000,000.00, indicating a reduction of approximately 7.7%[21] Equity and Investments - The total equity attributable to shareholders was CNY 1,911,083,479.61, up 1.34% from the previous year-end[6] - The company’s equity attributable to shareholders was RMB 1,911,083,479.61 as of March 31, 2022, compared to RMB 1,885,813,952.77 at the end of 2021, showing a growth of 1.3%[19] - Short-term borrowings as of March 31, 2022, were RMB 548,381,016.50, an increase from RMB 486,943,011.98 at the end of 2021, indicating a rise of 12.6%[19] - Investment activities resulted in a net cash outflow of CNY -52,228,037.31, a significant decrease from a net inflow of CNY 37,705,847.81 in the previous year[26] Costs and Expenses - Total operating costs for Q1 2022 were RMB 517,111,233.41, up from RMB 425,949,013.80 in Q1 2021, reflecting a year-over-year increase of 21.4%[20] - Research and development expenses increased to CNY 23,777,063.25, up from CNY 22,277,303.86, reflecting a growth of 6.7% year-over-year[21] - The company’s tax expenses for Q1 2022 were CNY 10,789,479.93, an increase of 28.9% from CNY 8,378,190.66 in Q1 2021[21] Non-Recurring Items - The company reported non-recurring gains of CNY 4,999,985.98 after tax, primarily from government subsidies and other non-operating income[9] - The decline in net profit was mainly attributed to the year-on-year increase in raw material prices[10]