Kinwong(SH:603228)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was RMB 2,367,788,373.20, representing a year-on-year increase of 14.31%[4] - The net profit attributable to shareholders was RMB 175,634,866.06, a decrease of 30.96% compared to the same period last year[4] - The basic earnings per share were RMB 0.21, reflecting a decrease of 30.00%[4] - The company's net profit for March 2022 reached RMB 97,378,300, benefiting from the production capacity of newly invested high-end product factories[5] - The company's net profit decreased during the reporting period due to rising raw material costs[13] - The net profit for Q1 2022 was approximately ¥178.65 million, a decrease of 29% compared to ¥251.51 million in Q1 2021[18] - The total comprehensive income for Q1 2022 was approximately ¥178.65 million, down from ¥251.51 million in Q1 2021[18] Cash Flow and Assets - The net cash flow from operating activities was RMB 60,194,216.39, down 87.58% year-on-year[4] - As of March 31, 2022, the company's total current assets amounted to approximately RMB 6.79 billion, a decrease from RMB 7.10 billion at the end of 2021[14] - The company's inventory increased to approximately RMB 1.68 billion from RMB 1.44 billion year-over-year[14] - The company reported accounts receivable of approximately RMB 3.06 billion, slightly down from RMB 3.09 billion in the previous year[14] - Cash flow from operating activities generated a net amount of ¥60.19 million, significantly lower than ¥484.80 million in the same period last year[19] - The cash and cash equivalents at the end of Q1 2022 were approximately ¥589.87 million, a decrease from ¥1.26 billion at the end of Q1 2021[20] Operating Costs and Expenses - The increase in operating costs was primarily due to the rise in prices of raw materials, leading to an increase of nearly RMB 106 million in quarterly operating costs[4] - Total operating costs for Q1 2022 were ¥2,191,122,046.53, up from ¥1,806,690,974.98 in Q1 2021, reflecting a year-over-year increase of 21.3%[17] - Research and development expenses increased by 32.79%, indicating a focus on product innovation[9] - Research and development expenses increased to ¥112,241,072.17 in Q1 2022, compared to ¥84,525,078.49 in Q1 2021, marking a rise of 32.8%[17] Shareholder Information - The total number of common shareholders at the end of the reporting period was 20,012[11] - The largest shareholder, Shenzhen Jinghong Yongtai Investment Holding Co., Ltd., holds 293,731,122 shares, accounting for 34.49% of total shares[11] Future Outlook and Strategy - The company plans to enhance market expansion efforts in sectors like automotive electronics, capitalizing on favorable demand trends[4] - The company expects significant improvement in operational efficiency in the future as new high-end technology product factories ramp up production and sales[13] - The company plans to enhance product R&D efforts and expand its market presence in both domestic and international markets[13] - The company aims to optimize its order structure for high-value-added products to improve profitability[13] - The company has established a consistent action relationship among major shareholders to enhance operational efficiency[12] Investment and Financing Activities - The company reported a significant decrease in investment income by 86.24%, attributed to a reduction in financial management scale[9] - Cash flow from investing activities resulted in a net outflow of approximately ¥338.17 million, compared to a net outflow of ¥866.41 million in Q1 2021[20] - Cash flow from financing activities generated a net inflow of approximately ¥69.97 million, compared to ¥59.28 million in Q1 2021[20] - The company did not execute any mergers or acquisitions during this reporting period[22]