2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was RMB 2,544,581,793, representing a year-on-year increase of 22.29%[4] - The net profit attributable to shareholders was RMB 340,974,700, reflecting a growth of 31.01% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 211,721,793, which is an increase of 36.98% year-on-year[4] - The basic earnings per share for the period was RMB 0.24, up by 9.09% from the previous year[5] - Total operating revenue for Q1 2022 reached CNY 2,544,581,793, an increase of 22.3% compared to CNY 2,080,783,383 in Q1 2021[18] - Net profit for Q1 2022 was CNY 342,969,051, representing a 30.2% increase from CNY 263,557,352 in Q1 2021[20] - Total comprehensive income for Q1 2022 was CNY 361,635,455, compared to CNY 279,530,465 in Q1 2021, representing a growth of 29.3%[45] Revenue Breakdown - Revenue from rail transit equipment products slightly increased to RMB 1.771 billion, a 2.79% year-on-year growth from RMB 1.722 billion[13] - New emerging equipment products saw significant revenue growth of 132.77%, reaching RMB 731 million compared to RMB 314 million in the previous year[13] - The revenue from power semiconductor devices reached RMB 375 million, marking a 124.99% increase from RMB 167 million year-on-year[13] - The company’s revenue from communication signal business increased by 70.78% year-on-year, amounting to RMB 73 million[37] - The company’s revenue from industrial conversion equipment grew by 9.88% year-on-year, reaching RMB 60 million[37] - The company’s other business revenue slightly decreased by 3.15% year-on-year, totaling RMB 4.3 million[37] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 44,888,489,114, a 1.67% increase from the end of the previous year[5] - The company reported a total asset of RMB 44.888 billion as of March 31, 2022, compared to RMB 44.151 billion at the end of 2021[15] - The company's total liabilities increased to CNY 11,233,355,215 in Q1 2022, compared to CNY 10,858,100,789 in Q1 2021[17] - Current assets totaled CNY 34,624,885,395 as of March 31, 2022, slightly down from CNY 34,642,981,948 at the end of 2021[38] - The company's retained earnings increased to CNY 18,657,786,651, up from CNY 18,316,811,951, showing a growth of 1.9%[41] Cash Flow - The company reported a net cash flow from operating activities of RMB -1,276,651,036, which is not applicable for year-on-year comparison[4] - The net cash flow from investment activities was -CNY 979,437,075, compared to a positive cash flow of CNY 1,281,323,303 in the same period last year[23] - Cash inflow from operating activities totaled CNY 1,434,374,703, down from CNY 2,075,271,781 in Q1 2021, indicating a decrease of 30.9%[46] - The company's cash and cash equivalents decreased to RMB 5.995 billion from RMB 8.219 billion at the end of 2021[14] - The company reported a significant increase in cash received from investment recoveries, totaling ¥4,820,000,000, compared to ¥4,390,000,000 in the previous year[47] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,400[9] - The largest shareholder, CRRC Zhuzhou Electric Locomotive Research Institute Co., Ltd., held 41.63% of the shares[9] - The company’s major shareholder, CRRC Zhuzhou Electric Locomotive Research Institute Co., Ltd., holds 41.63% of the shares[33] Research and Development - Research and development expenses totaled RMB 309,928,797, accounting for 12.18% of operating revenue, a decrease of 2.31 percentage points year-on-year[5] - Research and development expenses for Q1 2022 amounted to CNY 300,897,837, slightly up from CNY 291,483,169 in Q1 2021[20] Other Financial Metrics - The weighted average return on equity was 1.04%, a decrease of 0.04 percentage points compared to the previous year[29] - The company experienced a decrease in tax expenses, which were CNY 40,325,831 compared to CNY 44,436,253 in the previous year[44] - Other comprehensive income after tax for Q1 2022 was CNY 18,666,404, up from CNY 15,973,113 in Q1 2021[45]