HAI TIAN(SH:603288)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 7,209,680,841.70, representing a year-on-year increase of 0.72%[2] - The net profit attributable to shareholders was CNY 1,829,044,728.66, showing a decrease of 6.36% compared to the same period last year[2] - The company reported a decrease in operating income by 98.24%, attributed to a reduction in income unrelated to daily operations[5] - Net profit for Q1 2022 was CNY 1,830,708,028.47, down from CNY 1,955,756,466.01 in Q1 2021, reflecting a decrease of approximately 6.4%[12] - Earnings per share (EPS) for Q1 2022 was CNY 0.43, compared to CNY 0.46 in Q1 2021, indicating a decline of about 6.5%[13] Cash Flow - The net cash flow from operating activities was negative at CNY -1,082,217,188.57, a significant decline of 779.75% year-on-year[2] - In Q1 2022, the company's cash inflow from operating activities was CNY 5,845,873,742.43, a decrease of 1.5% compared to CNY 5,935,219,200.48 in Q1 2021[14] - The net cash outflow from operating activities was CNY -1,082,217,188.57, significantly worse than the previous year's outflow of CNY -123,014,094.99[14] - Cash inflow from investment activities totaled CNY 1,931,248,565.16, a substantial increase from CNY 427,302,846.61 in Q1 2021[15] - The net cash outflow from investment activities was CNY -469,850,423.87, compared to CNY -105,130,826.67 in the same period last year[15] - Cash inflow from financing activities was CNY 15,000,000.00, down from CNY 68,000,000.00 in Q1 2021[15] - The net cash outflow from financing activities was CNY -499,258,886.42, contrasting with a net inflow of CNY 33,485,475.77 in Q1 2021[15] - The total cash flow for the period showed a net decrease of CNY -2,051,326,498.86, compared to a decrease of CNY -194,659,445.89 in the previous year[15] Assets and Liabilities - Total assets at the end of the reporting period were CNY 31,997,092,343.91, down 4.02% from the end of the previous year[3] - The company's total assets amounted to CNY 31,997,092,343.91, down from CNY 33,337,724,549.58[9] - Total liabilities decreased to CNY 6,497,923,271.37 in Q1 2022 from CNY 9,837,875,983.20 in Q1 2021, a reduction of approximately 34.5%[11] - The total number of ordinary shareholders at the end of the reporting period was 176,827[6] - Guangdong Haitian Group Co., Ltd. holds 58.26% of the shares, amounting to 2,454,173,624 shares[6] Equity and Shareholder Information - The equity attributable to shareholders increased by 7.82% to CNY 25,230,562,199.49 compared to the end of the previous year[3] - Total equity increased to CNY 25,499,169,072.54 in Q1 2022 from CNY 23,499,848,566.38 in Q1 2021, representing an increase of about 8.5%[11] Operational Changes - Accounts receivable increased by 48.27% primarily due to the inclusion of receivables from the newly acquired Zhejiang Jiusheng Oil Tea Technology Co., Ltd.[5] - Goodwill surged by 319.99% as a result of the acquisition of Zhejiang Jiusheng[5] - The company has not disclosed any significant new strategies or product developments in the current report[7] - The company plans to continue expanding its market presence and investing in new product development[5] Expenses - Total operating costs increased to CNY 5,085,298,028.11 in Q1 2022 from CNY 4,877,739,746.91 in Q1 2021, marking an increase of about 4.3%[11] - Research and development expenses decreased to CNY 184,456,008.16 in Q1 2022 from CNY 208,703,185.40 in Q1 2021, a reduction of approximately 11.6%[12] - The company reported a decrease in sales expenses to CNY 391,502,988.50 in Q1 2022 from CNY 408,304,419.06 in Q1 2021, a decline of about 4.1%[12] Return on Equity - The weighted average return on equity decreased by 1.76 percentage points to 7.52%[2]