GSDC(SH:603458)2022-08-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 375,110,281.50, representing 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 net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 24,056,846.88, a decline of 64.74% compared to the previous year[4] - The basic and diluted earnings per share for Q1 2022 were both CNY 0.10, reflecting a decrease of 60.00% year-on-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[14] - Total net profit for Q1 2022 was CNY 32,180,227.66, down from CNY 77,566,024.77 in Q1 2021, indicating a decline of about 58.6%[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 56.96%[15] Assets and Liabilities - The total assets at the end of Q1 2022 were CNY 7,113,152,747.69, down 6.79% from the end of the previous year[4] - Accounts receivable decreased to CNY 2,073,306,190.39 from CNY 2,185,829,748.55, a decline of 5.1%[11] - Total assets decreased to CNY 7,113,152,747.69 from CNY 7,631,375,851.17, a reduction of 6.8%[13] - Current liabilities totaled CNY 3,033,988,195.47, down 16.3% from CNY 3,627,454,888.74[12] - Non-current liabilities increased to CNY 687,765,312.23 from CNY 645,198,373.95, an increase of 6.6%[12] - The company's total equity increased to CNY 3,391,399,239.99 from CNY 3,358,722,588.48, an increase of 1.0%[13] Cash Flow - The net cash flow from operating activities for Q1 2022 was negative at 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[16] - Cash and cash equivalents at the end of Q1 2022 totaled CNY 784,954,581.08, compared to CNY 721,102,174.33 at the end of Q1 2021, showing an increase of approximately 8.84%[17] - Investment activities generated a net cash inflow of CNY 6,406,011.44 in Q1 2022, compared to a net outflow of CNY 1,472,655.13 in Q1 2021[17] - Financing activities resulted in a net cash outflow of CNY 10,942,571.99 in Q1 2022, contrasting with a net inflow of CNY 249,524,741.21 in Q1 2021[17] 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[9] - The majority of new contracts were in the highway industry, which represented 77.72% of the total new contracts[9] - 82.44% of the new contracts were sourced from within Guizhou Province, while 17.56% were from outside the province[9] Profitability Metrics - The weighted average return on equity for Q1 2022 was 0.91%, a decrease of 1.63 percentage points compared to the previous year[4] - The company reported a net profit margin of approximately 6.9% for Q1 2022, compared to 12.0% in Q1 2021[14] - Gross profit margin for Q1 2022 was approximately 6.7%, compared to 10.5% in Q1 2021[14] Research and Development - Research and development expenses were CNY 14,278,639.39, a decrease of 25.8% from CNY 19,260,084.09 in Q1 2021[14] Interest Income - 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%[15] Other Comprehensive Income - Other comprehensive income after tax for Q1 2022 was CNY 496,423.85, compared to CNY 390,311.35 in Q1 2021, an increase of about 27.14%[15]