QA(SH:603758)2022-04-22 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 342,758,816.48, representing a year-on-year increase of 9.68%[5] - The net profit attributable to shareholders for the same period was CNY 40,789,417.26, reflecting a significant increase of 56.41% compared to the previous year[5] - Basic and diluted earnings per share both stood at CNY 0.10, marking a 66.67% increase from the same period last year[5] - Total operating revenue for Q1 2022 was CNY 342,758,816.48, an increase of 9.4% compared to CNY 312,510,719.46 in Q1 2021[19] - Net profit for Q1 2022 reached CNY 40,789,417.26, representing a growth of 56.5% from CNY 26,078,621.36 in Q1 2021[20] - Earnings per share for Q1 2022 were CNY 0.10, compared to CNY 0.06 in Q1 2021, indicating a 66.7% increase[21] - Other income for Q1 2022 was CNY 24,263,154.36, significantly higher than CNY 384,049.96 in Q1 2021[20] - The company reported a total comprehensive income of CNY 40,704,434.94 for Q1 2022, compared to CNY 48,151,386.77 in Q1 2021, a decrease of 15.2%[21] Cash Flow - The net cash flow from operating activities reached CNY 146,326,797.18, which is an increase of 58.25% year-on-year[5] - In Q1 2022, the cash inflow from operating activities was CNY 493,444,713.07, compared to CNY 323,789,058.28 in Q1 2021, representing an increase of approximately 52.5%[24] - The net cash flow from operating activities in Q1 2022 was CNY 146,326,797.18, up from CNY 92,465,371.45 in Q1 2021, indicating a growth of about 58.2%[24] - The cash inflow from investment activities in Q1 2022 was CNY 29,976,989.37, down from CNY 530,658,264.46 in Q1 2021, indicating a decline of about 94.4%[25] - The cash outflow from investment activities in Q1 2022 totaled CNY 60,496,259.77, a decrease from CNY 551,590,165.58 in Q1 2021, reflecting a reduction of approximately 89%[25] - The net cash flow from investment activities in Q1 2022 was -CNY 30,519,270.40, compared to -CNY 20,931,901.12 in Q1 2021, showing a worsening of about 45.5%[25] - The net increase in cash and cash equivalents for Q1 2022 was CNY 112,703,645.44, compared to CNY 20,622,085.71 in Q1 2021, indicating an increase of about 446.5%[25] Assets and Liabilities - Total assets at the end of Q1 2022 were CNY 3,063,476,589.92, a slight decrease of 0.44% from the end of the previous year[6] - Total liabilities as of March 31, 2022, were CNY 371,202,853.34, down from CNY 425,249,223.73 at the end of 2021, a decrease of 12.7%[18] - The company reported a total current liability of ¥351,694,591.62, a decrease from ¥402,732,521.52 year-over-year[17] - Total equity attributable to shareholders was CNY 2,692,273,736.58, an increase from CNY 2,651,919,615.87 at the end of 2021, reflecting a growth of 1.5%[18] - The equity attributable to shareholders increased to CNY 2,692,273,736.58, up by 1.52% compared to the end of the previous year[6] Shareholder Information - Total number of common shareholders at the end of the reporting period is 14,190[11] - The largest shareholder, Yuanming Tang, holds 287,998,169 shares, representing 65.63% of total shares[11] - The top ten shareholders include a repurchase account holding 24,300,274 shares, which is 5.54% of the total share capital[12] Operational Challenges - The company has a significant risk of product delivery delays due to COVID-19 impacts on supply chains and customer operations[13] - The company is facing uncertainties in supply chain management due to the ongoing pandemic situation[13] Research and Development - Research and development expenses for Q1 2022 were CNY 8,359,537.84, an increase of 15.4% compared to CNY 7,248,703.26 in Q1 2021[20] Government Subsidies - The company received government subsidies related to the Xipeng Industrial Park amounting to CNY 24,168,228.57, which contributed to its financial performance[7] Accounts Receivable - The company reported a significant increase in accounts receivable credit impairment losses by 129.15% due to increased provisions[8] - Accounts receivable decreased to ¥267,669,055.43 from ¥329,974,733.40 year-over-year[16]