SRX(SH:605168)2022-04-15 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥894,769,497.38, representing a year-on-year increase of 58.83%[6] - The net profit attributable to shareholders was ¥60,138,997.81, reflecting a growth of 13.07% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was ¥58,909,778.49, an increase of 11.39% year-on-year[6] - Total operating revenue for Q1 2022 reached ¥894,769,497.38, a significant increase of 58.8% compared to ¥563,364,035.44 in Q1 2021[33] - Net profit for Q1 2022 was ¥60,138,997.81, representing a 13.8% increase from ¥53,188,265.72 in Q1 2021[34] - Basic and diluted earnings per share for Q1 2022 were both ¥0.86, compared to ¥0.76 in Q1 2021[35] - Total equity attributable to shareholders reached ¥2,068,530,058.38 in Q1 2022, up from ¥2,007,180,656.87 in Q1 2021, marking an increase of 3.0%[33] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥3,405,528,988.50, up 6.10% from the end of the previous year[9] - The equity attributable to shareholders reached ¥2,068,530,058.38, marking a 3.06% increase compared to the previous year[9] - The company's current assets totaled RMB 2,643,066,205.25, up from RMB 2,436,330,177.86, indicating an increase of about 8.5% year-over-year[24] - The company's total current liabilities increased to RMB 1,325,439,962.66 from RMB 1,188,140,338.45, reflecting a growth of about 11.5%[27] - Total liabilities increased to ¥1,336,998,930.12 in Q1 2022 from ¥1,202,433,053.69 in Q1 2021, reflecting a growth of 11.2%[33] Cash Flow - The company experienced a net cash flow from operating activities of -¥349,933,347.59, which is not applicable for comparison[6] - Cash inflow from operating activities for Q1 2022 was $602,821,173.10, up from $518,033,875.55 in Q1 2021, representing an increase of approximately 16.3%[40] - Cash outflow from operating activities for Q1 2022 totaled $952,754,520.69, compared to $768,320,325.93 in Q1 2021, indicating an increase of about 23.9%[40] - Net cash flow from operating activities for Q1 2022 was -$349,933,347.59, worsening from -$250,286,450.38 in Q1 2021[40] - The company reported a total cash outflow of $178,841,418.00 for Q1 2022, compared to $388,405,304.13 in Q1 2021, indicating a reduction in cash depletion[42] Operational Insights - The company expanded its client base in the automotive industry, contributing to the revenue growth[12] - The increase in net profit was lower than the revenue growth due to higher personnel costs and restrictions on high-margin business activities caused by the pandemic[12] Expenses - Total operating costs for Q1 2022 were ¥833,298,828.36, up 62.3% from ¥512,795,730.78 in Q1 2021[33] - Research and development expenses for Q1 2022 were ¥8,876,233.67, an increase from ¥6,139,155.56 in Q1 2021[33] - Other income for Q1 2022 was ¥9,545,388.26, compared to ¥8,185,473.10 in Q1 2021, indicating a growth of 16.6%[33] - The company reported a financial expense of -¥188,664.92 in Q1 2022, a significant improvement from -¥3,174,742.89 in Q1 2021[33] - Deferred income tax liabilities decreased to ¥7,498,045.96 in Q1 2022 from ¥8,585,782.50 in Q1 2021, showing a reduction of 12.7%[33] Inventory and Receivables - Accounts receivable rose to RMB 1,776,444,822.29, compared to RMB 1,449,512,050.70, marking an increase of around 22.5%[24] - The company's inventory increased to RMB 9,464,303.33 from RMB 7,998,111.32, representing a growth of about 18.3%[24] - The company reported a notable increase in accounts payable, which rose to RMB 940,818,574.95 from RMB 922,600,336.77, reflecting a growth of approximately 2.1%[27] Financing Activities - Cash inflow from financing activities for Q1 2022 was $267,600,000.00, up from $65,127,542.00 in Q1 2021, reflecting an increase of approximately 310.5%[42] - Net cash flow from financing activities for Q1 2022 was $172,740,367.59, compared to $57,439,580.67 in Q1 2021, showing a significant improvement[42] Accounting Standards - The company has implemented new accounting standards starting from 2022, which may affect financial reporting and analysis going forward[41]