M&G(SH:603899)2022-04-28 16:00Financial Performance - The company's revenue for Q1 2022 was CNY 4,228,846,027.41, representing a year-on-year increase of 10.93%[4] - The net profit attributable to shareholders decreased by 16.04% to CNY 275,631,653.02 compared to the same period last year[4] - Basic earnings per share were CNY 0.2989, down 15.85% year-on-year[5] - Net profit for Q1 2022 was ¥286,052,368.32, a decrease of 13.4% from ¥330,213,556.89 in Q1 2021[22] - The total comprehensive income for Q1 2022 was CNY 289,647,600.75, a decrease from CNY 331,112,867.35 in Q1 2021[23] Cash Flow - The net cash flow from operating activities significantly declined by 97.45%, amounting to CNY 4,182,133.40[4] - Cash inflow from sales of goods and services in Q1 2022 was CNY 4,296,474,098.20, compared to CNY 4,078,016,625.28 in Q1 2021, reflecting a growth of approximately 5.4%[24] - The company reported a net cash inflow from operating activities of CNY 5,119,002,056.18 in Q1 2022, up from CNY 4,719,246,035.93 in Q1 2021[25] - The net increase in cash and cash equivalents for Q1 2022 was CNY 621,263,022.87, compared to CNY 603,738,436.86 in Q1 2021[26] - The company recorded a cash outflow of CNY 4,203,453,147.46 for purchasing goods and services in Q1 2022, compared to CNY 3,789,813,565.41 in Q1 2021[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,968,552,971.29, a decrease of 3.99% from the end of the previous year[5] - The company's total assets as of Q1 2022 amounted to ¥10,968,552,971.29, down from ¥11,424,387,930.33 in the previous year[19] - Total liabilities for Q1 2022 were ¥4,136,964,559.65, a decrease of 15.6% compared to ¥4,901,096,738.77 in Q1 2021[19] - The total current assets as of March 31, 2022, amount to approximately ¥7.91 billion, a decrease from ¥8.29 billion at the end of 2021[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 36,829, with no preferred shareholders having restored voting rights[10] - The largest shareholder, Morning Glory Holdings (Group) Co., Ltd., holds 536,000,000 shares, representing 57.77% of total shares[10] Revenue Breakdown - The revenue from writing instruments for Q1 2022 is approximately ¥499.30 million, with a gross margin of 40.40%, reflecting a year-on-year decrease of 25.37%[14] - The revenue from student stationery for Q1 2022 is approximately ¥718.68 million, with a gross margin of 33.42%, reflecting a year-on-year decrease of 6.69%[14] - The revenue from office stationery for Q1 2022 is approximately ¥730.18 million, with a gross margin of 29.24%, reflecting a year-on-year decrease of 7.18%[14] - Morning Glory Ke Li Pu achieved revenue of ¥214.58 million in Q1 2022, representing a year-on-year growth of 46.40%[15] - Morning Glory Life Hall (including Jiumu Miscellaneous Society) achieved revenue of ¥26.50 million in Q1 2022, with Jiumu Miscellaneous Society contributing ¥24.31 million, a year-on-year growth of 9.90%[15] Investment and Expenses - Investment income increased by 43.87% to CNY 1,392,444.02, primarily from returns on wealth management products[8] - Research and development expenses for Q1 2022 were ¥45,142,655.57, slightly down from ¥47,129,063.66 in Q1 2021[22] - The company experienced a 56.82% decrease in non-operating income, totaling CNY 8,272,633.80, mainly due to reduced government subsidies unrelated to operations[9] - Total operating costs for Q1 2022 were ¥3,893,666,893.64, up from ¥3,449,124,278.65 in Q1 2021, reflecting a year-over-year increase of 12.9%[20] Future Outlook - The company plans to expand its market presence and invest in new product development in the upcoming quarters[22]