Huada(SH:603358)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,123,215,700.46, representing a year-on-year increase of 25.76%[3] - The net profit attributable to shareholders of the listed company was CNY 79,487,009.49, a decrease of 14.96% compared to the same period last year[3] - Basic and diluted earnings per share were both CNY 0.18, reflecting a decline of 40.00% compared to the previous year[3] - Net profit for Q1 2022 was RMB 77,475,956.29, a decrease of 19.2% compared to RMB 95,878,778.11 in Q1 2021[19] - Total profit for Q1 2022 was RMB 87,934,384.19, down 24.4% from RMB 116,437,351.64 in Q1 2021[19] - Net profit for Q1 2022 was RMB 69.32 million, a decrease of 7.5% compared to RMB 75.20 million in Q1 2021[29] - Total comprehensive income for Q1 2022 was RMB 69.32 million, compared to RMB 75.20 million in Q1 2021[29] Cash Flow - The net cash flow from operating activities was CNY 78,490,157.53, down 45.29% year-on-year[3] - Cash flow from operating activities for Q1 2022 was RMB 78,490,157.53, a decline of 45.4% from RMB 143,477,977.53 in Q1 2021[21] - Cash flow from operating activities generated RMB 44.27 million, significantly lower than RMB 88.79 million in Q1 2021[31] - The company reported a decrease in cash flow from investing activities, with a net outflow of RMB 192.96 million in Q1 2022[31] - The company experienced a net decrease in cash and cash equivalents of RMB 148.68 million during Q1 2022[32] Assets and Liabilities - Total assets increased to CNY 5,894,421,982.34, up 4.32% from the end of the previous year[5] - The company's current assets totaled RMB 3,675,434,618.71, up from RMB 3,502,318,652.58 in the previous year, indicating an increase of about 4.93%[13] - Total liabilities rose to RMB 2,454,554,346.36 from RMB 2,408,122,131.37, which is an increase of about 1.93%[16] - Total current assets reached ¥3,299,267,975.66, an increase from ¥3,198,274,541.05 year-over-year[24] - Total liabilities amounted to ¥1,472,033,604.35, compared to ¥1,448,891,054.72 in the previous year[26] Equity - Shareholders' equity attributable to the listed company was CNY 3,090,371,912.29, an increase of 2.64% year-on-year[5] - The company's equity attributable to shareholders increased to RMB 3,090,371,912.29 from RMB 3,010,884,902.80, reflecting a growth of approximately 2.65%[16] - The total equity increased to ¥2,802,844,271.11 from ¥2,733,525,590.56 year-over-year[27] Costs and Expenses - Total operating costs for Q1 2022 were RMB 1,041,630,347.83, up 32.0% from RMB 790,165,968.09 in Q1 2021[18] - Research and development expenses for Q1 2022 amounted to RMB 32,930,349.47, an increase of 7.2% from RMB 30,711,516.89 in Q1 2021[18] - Research and development expenses increased to RMB 28.22 million, up 7.8% from RMB 26.19 million in Q1 2021[28] - Tax expenses for Q1 2022 were RMB 10,458,427.90, a decrease of 49.1% from RMB 20,558,573.53 in Q1 2021[19] Operational Challenges - The decline in net profit was attributed to rising material costs and increased operating costs[9] - The cash collection cycle for receivables has lengthened, and cash payments for purchases have increased due to rising material prices[9]