GSDC(SH:603458)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 375,110,281.50, a decrease of 47.10% compared to the same period last year[4]. - The net profit attributable to shareholders for Q1 2022 was CNY 30,314,312.32, down 61.13% year-on-year[4]. - The basic earnings per share for Q1 2022 was CNY 0.10, reflecting a decline of 60.00% compared to the previous year[4]. - Total revenue for Q1 2022 was CNY 375,110,281.50, a decrease of 47.6% compared to CNY 709,137,357.53 in Q1 2021[15]. - The company reported a net profit margin of approximately 6.9% for Q1 2022, compared to 8.5% in Q1 2021[15]. - The company reported a total profit of CNY 39,733,233.78 for Q1 2022, down from CNY 92,249,114.19 in Q1 2021, a decline of approximately 56.9%[16]. - The company’s total comprehensive income for Q1 2022 was CNY 32,676,651.51, significantly lower than CNY 77,956,336.12 in Q1 2021, a decrease of about 58.1%[16]. Assets and Liabilities - The total assets at the end of Q1 2022 were CNY 7,118,216,016.29, a decrease of 6.79% from the end of the previous year[4]. - Total assets as of Q1 2022 were CNY 7,118,216,016.29, down from CNY 7,636,439,119.77, a decrease of 6.8%[14]. - Total liabilities decreased to CNY 3,721,753,507.70 from CNY 4,272,653,262.69, a reduction of 12.9%[13]. - The company’s total equity attributable to shareholders was CNY 3,334,502,573.78, showing a slight increase of 0.93% compared to the previous year[5]. - The total equity attributable to shareholders increased to CNY 3,334,502,573.78 from CNY 3,303,691,837.61, an increase of 0.9%[14]. Cash Flow - The company reported a net cash flow from operating activities of -CNY 245,255,486.44, indicating a significant cash outflow[4]. - Cash flow from operating activities for Q1 2022 was negative CNY 245,255,486.44, slightly improved from negative CNY 257,204,986.16 in Q1 2021[17]. - Investment activities generated a net cash flow of CNY 6,406,011.44 in Q1 2022, compared to a negative cash flow of CNY 1,472,655.13 in Q1 2021[18]. - Cash and cash equivalents at the end of Q1 2022 were CNY 784,954,581.08, a decrease from CNY 721,102,174.33 at the end of Q1 2021[18]. Contracts and Revenue Sources - The company secured new contracts worth CNY 73,800,000 in Q1 2022, with engineering consulting accounting for 92.38% of the total[10]. - The majority of new contracts were in the highway industry, representing 77.72% of the total new contracts[10]. - Total revenue from operating activities in Q1 2022 was CNY 597,258,028.22, down from CNY 759,537,278.08 in Q1 2021, a decrease of approximately 21.3%[17]. Costs and Expenses - Total operating costs for Q1 2022 were CNY 349,227,197.62, down 44.1% from CNY 625,066,145.60 in Q1 2021[15]. - R&D expenses for Q1 2022 were CNY 14,278,639.39, down 25.8% from CNY 19,260,084.09 in Q1 2021[15]. - Gross profit margin for Q1 2022 was approximately 6.7%, compared to 10.5% in Q1 2021[15]. Other Financial Metrics - The weighted average return on equity decreased by 1.63 percentage points to 0.91%[4]. - Interest income for Q1 2022 was CNY 2,386,875.65, an increase from CNY 2,077,345.01 in Q1 2021, representing a growth of approximately 14.93%[16]. - The company incurred credit impairment losses of CNY -2,112,797.97 in Q1 2022, an improvement from CNY -5,282,764.57 in Q1 2021[16]. - Accounts receivable decreased to CNY 2,073,306,190.39 from CNY 2,185,829,748.55, a decline of 5.1%[12]. - Cash and cash equivalents increased to CNY 29,508,841.19 from CNY 47,202,247.80, a decrease of 37.4%[12].