XHW(SH:603888)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥303,404,085.74, representing a year-on-year increase of 9.04%[6] - Net profit attributable to shareholders for Q1 2022 was ¥20,292,606.60, showing a significant increase of 197.77% compared to the same period last year[6] - Basic earnings per share for Q1 2022 were ¥0.0391, reflecting a year-on-year increase of 198.47%[6] - Total operating revenue for Q1 2022 reached ¥303,404,085.74, an increase of 9.1% compared to ¥278,258,661.38 in Q1 2021[27] - Net profit for Q1 2022 was ¥20,292,606.60, significantly higher than ¥6,814,892.79 in Q1 2021, representing a growth of 197.5%[27] - The gross profit margin for Q1 2022 was approximately 1.1%, compared to 0.5% in Q1 2021, indicating improved profitability[27] - Total comprehensive income attributable to the parent company was CNY 7,044,627.85, a decrease of CNY 50,813.66 compared to the previous year[29] Cash Flow - The net cash flow from operating activities was -¥53,147,377.69, a decrease of 65.76% year-on-year[6] - Cash inflow from operating activities totaled CNY 364,445,762.73, compared to CNY 244,600,871.20 in the previous year, representing a growth of approximately 48.9%[29] - Net cash flow from operating activities was negative CNY 53,147,377.69, an improvement from negative CNY 155,201,897.70 in the previous year[29] - Cash inflow from investment activities was CNY 909,076,826.55, significantly higher than CNY 6,208,303.67 in the previous year[29] - Net cash flow from investment activities was negative CNY 432,984,919.61, slightly better than negative CNY 489,252,143.85 in the previous year[29] - Cash inflow from financing activities was CNY 2,392,500.00, while cash outflow was CNY 20,292,341.24, resulting in a net cash flow from financing activities of negative CNY 20,292,341.24[31] - The ending balance of cash and cash equivalents was CNY 1,431,080,889.24, down from CNY 1,937,390,389.91 at the beginning of the period[31] - The company experienced a foreign exchange impact on cash and cash equivalents of CNY 115,137.87, compared to a negative impact of CNY 622,378.12 in the previous year[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,668,131,594.35, down 3.42% from the end of the previous year[8] - Total current assets as of March 31, 2022, amounted to RMB 3,226,741,867.89, a decrease from RMB 3,363,201,713.58 as of December 31, 2021[22] - Cash and cash equivalents decreased to RMB 1,650,103,710.53 from RMB 2,152,184,881.91 year-over-year[19] - Total liabilities decreased to RMB 785,293,062.84 from RMB 933,678,446.22 year-over-year[22] - The company reported a total debt of ¥1,505,032,306.64, a decrease from ¥1,677,523,864.59 in the previous period[27] - The company’s total liabilities decreased from ¥4,833,578,524.45 to ¥4,668,131,594.35, reflecting a reduction in financial leverage[27] Shareholder Information - Total number of common shareholders at the end of the reporting period was 40,518[15] - The largest shareholder, Xinhua News Agency, holds 51.00% of shares, totaling 264,679,740 shares[15] - The company's equity attributable to shareholders was ¥3,163,099,287.71, a slight increase of 0.22% compared to the previous year[8] - The total equity attributable to shareholders reached ¥3,163,099,287.71, slightly up from ¥3,156,054,659.86[27] Research and Development - Research and development expenses increased by 30.23% year-on-year, indicating a focus on innovation and development[11] - Research and development expenses increased to ¥13,346,460.05 in Q1 2022 from ¥10,248,648.28 in Q1 2021, marking a rise of 30.5%[27] Other Information - Non-recurring gains and losses for the period totaled ¥24,511,685.40, primarily due to government subsidies and other income[9] - The company has not disclosed any new product or technology developments in the current reporting period[17] - There are no significant mergers or acquisitions reported during the quarter[17] - The company is implementing new accounting standards starting from 2022, which may affect financial reporting[30]