望变电气(603191) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was CNY 386,587,330.60, representing a 13.00% increase compared to the same period last year[5]. - The net profit attributable to shareholders for Q1 2022 was CNY 36,643,368.92, reflecting a growth of 15.61% year-on-year[5]. - The basic earnings per share for the period was CNY 0.15, which is a 15.38% increase compared to the previous year[6]. - The company reported a net profit margin improvement, with net profit for Q1 2022 expected to be higher than the previous year, although specific figures were not disclosed[17]. - The net profit for Q1 2022 was CNY 35,353,348.82, an increase of 11.8% compared to CNY 31,684,051.24 in Q1 2021[19]. - The total comprehensive income for Q1 2022 was CNY 35,353,348.82, compared to CNY 31,684,051.24 in Q1 2021, indicating a growth of 11.8%[19]. - The company's operating revenue for Q1 2022 was CNY 388,088,729.10, representing an increase of 13.9% compared to CNY 340,757,525.95 in Q1 2021[29]. - The net profit for Q1 2022 reached CNY 39,015,180.20, up 23.0% from CNY 31,707,819.49 in the same period last year[30]. Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 2,375,769,221.18, showing a 6.27% increase from the end of the previous year[6]. - Total assets as of March 31, 2022, were CNY 2,375,769,221.18, compared to CNY 2,235,616,632.33 at the end of 2021, an increase of 6.26%[16]. - Total liabilities reached CNY 1,224,008,349.13, up from CNY 1,120,307,549.89 at the end of 2021, indicating a rise of 9.26%[16]. - The total liabilities rose to CNY 1,157,075,656.95, an increase of 7.1% from CNY 1,080,941,679.16 in Q1 2021[28]. - Shareholders' equity as of March 31, 2022, was CNY 1,151,760,872.05, compared to CNY 1,115,309,082.44 at the end of 2021, reflecting an increase of 3.25%[16]. Cash Flow - The net cash flow from operating activities was negative CNY 142,686,085.88, indicating a significant increase in cash outflow of 181.59% compared to the same period last year[5]. - The cash flow from operating activities in Q1 2022 was a net outflow of CNY -142,686,085.88, worsening from CNY -50,671,773.51 in Q1 2021[23]. - The company's cash flow from operating activities was CNY 380,140,504.43, significantly higher than CNY 234,199,125.01 in Q1 2021, indicating a growth of 62.4%[31]. - Cash inflow from financing activities was $170 million, significantly up from $5 million in the same period last year[32]. - The ending cash and cash equivalents balance was $57.61 million, down from $219.28 million at the beginning of the period[32]. - Total cash and cash equivalents decreased by $161.67 million during the quarter[32]. Inventory and Receivables - The company experienced a 30.51% decrease in cash and cash equivalents, primarily due to payments for goods[8]. - Accounts receivable financing increased by 153.44%, attributed to the receipt of high credit-rated bank acceptance bills[8]. - Inventory levels rose by 92.09%, driven by expectations of rising raw material prices and increased stockpiling[8]. - Inventory increased significantly to CNY 533,008,885.69 from CNY 277,479,536.20 at the end of 2021, representing a growth of 92.00%[14]. - Accounts receivable stood at CNY 561,734,333.77 as of March 31, 2022, slightly down from CNY 563,414,462.76 at the end of 2021[14]. - The company's inventory increased to CNY 517,374,496.45, compared to CNY 270,737,140.55 in the previous year, marking a rise of 91.3%[28]. Expenses - The company reported a 38.16% increase in income tax expenses, correlating with the growth in performance during the period[8]. - Total operating costs for Q1 2022 were CNY 346,397,959.67, up from CNY 305,259,370.09 in Q1 2021, reflecting a growth of 13.43%[17]. - The company reported a significant increase in sales expenses, which rose to CNY 11,246,556.80 in Q1 2022 from CNY 9,416,842.99 in Q1 2021, marking a rise of 19.5%[23]. - Research and development expenses for Q1 2022 amounted to CNY 5,240,184.55, compared to CNY 4,922,005.52 in Q1 2021, reflecting an increase of 6.5%[23]. - The company reported a decrease in financial expenses to CNY 2,007,282.41 from CNY 2,680,632.33 in the previous year, showing improved cost management[29]. Strategic Initiatives - The company plans to enhance its digital exhibition capabilities, as indicated by the increase in long-term deferred expenses related to digital exhibition renovations[8]. - The company is focusing on expanding its market presence and enhancing product development, although detailed strategies were not provided in the report[17].