Autel(SH:688208)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥513,428,214.45, representing a year-on-year increase of 13.16%[6] - Net profit attributable to shareholders decreased by 42.48% to ¥63,304,692.28, while the net profit after deducting non-recurring gains and losses fell by 47.37% to ¥46,743,777.89[6] - Basic earnings per share decreased by 41.67% to ¥0.14, reflecting the overall decline in profitability[6] - Total operating revenue for Q1 2022 was ¥513,428,214.45, an increase of 13.2% from ¥453,703,418.27 in Q1 2021[35] - Net profit for Q1 2022 was ¥63,304,692.28, a decrease of 42.5% compared to ¥110,058,464.16 in Q1 2021[37] - Earnings per share for Q1 2022 were ¥0.14, down from ¥0.24 in Q1 2021[37] - The total comprehensive income for Q1 2022 was ¥61,045,353.02, a decrease from ¥113,208,381.63 in Q1 2021[37] Cash Flow - The net cash flow from operating activities was negative at -¥180,696,518.05, primarily due to increased inventory and procurement payments[12] - In Q1 2022, the cash inflow from operating activities was CNY 522,301,175.16, a decrease of 2.1% compared to CNY 534,313,245.68 in Q1 2021[40] - The net cash outflow from operating activities was CNY -180,696,518.05, contrasting with a net inflow of CNY 44,507,661.64 in the same period last year[40] - The total cash outflow from operating activities was CNY 702,997,693.21, up from CNY 489,805,584.04 in the previous year, indicating a significant increase of 43.5%[40] - The ending balance of cash and cash equivalents was CNY 596,209,777.64, down from CNY 840,178,542.32 at the end of Q1 2021, a decrease of 29.0%[41] - The company reported a significant decrease in cash flow due to increased operational costs and reduced investment returns compared to the previous year[40] Research and Development - R&D investment totaled ¥135,705,723.69, accounting for 26.43% of operating revenue, an increase of 3.73 percentage points year-on-year[8] - Research and development expenses for Q1 2022 amounted to ¥114,333,055.87, an increase of 13.0% from ¥100,726,730.59 in Q1 2021[35] Market Performance - Revenue from the North American market grew by 4.87% to ¥225,158,087.69, driven by rapid growth in software cloud services despite supply constraints[15] - Revenue from the European market increased by 23.21% to ¥86,291,991.88, mainly due to strong growth in ADAS products[15] - Revenue from China and other regions rose by 24.31% to ¥200,885,159.92, supported by rapid growth in TPMS and ADAS products[15] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,230,677,844.00, a slight increase of 0.70% from the previous year[8] - The total current assets as of March 31, 2022, amounted to ¥2,658,607,725.99, a slight decrease from ¥2,676,779,682.27 as of December 31, 2021[25] - Total assets reached ¥4,230,677,844.00, up from ¥4,201,425,559.54 at the end of 2021[29] - Total current liabilities decreased to ¥1,141,991,794.12 from ¥1,229,332,290.94 year-over-year[29] - Accounts payable decreased to ¥233,521,390.74 from ¥322,212,012.54 year-over-year, reflecting a reduction of approximately 27.55%[29] - The non-current assets totaled ¥1,572,070,118.01, an increase from ¥1,524,645,877.27 year-over-year[29] - Total liabilities as of the reporting date were ¥1,288,810,961.77, a decrease from ¥1,342,548,136.80 in the previous period[35] - Total equity attributable to shareholders was ¥2,941,866,882.23, up from ¥2,858,877,422.74 in the previous period[35] Other Information - The company has no significant new product launches or technological advancements reported during this period[23] - There are no mergers or acquisitions mentioned in the current financial report[23]