高铁电气(688285) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥263,340,797.83, representing a decrease of 12.46% compared to the same period last year[5] - The net profit attributable to shareholders was ¥21,616,990.33, down 36.16% year-on-year[5] - The basic earnings per share decreased by 50% to ¥0.06, while diluted earnings per share also decreased by 50% to ¥0.06[6] - Total operating revenue for Q1 2022 was ¥263,340,797.83, a decrease of 12.43% from ¥300,828,580.46 in Q1 2021[18] - Net profit for Q1 2022 was ¥22,627,849.85, a decline of 35.73% compared to ¥35,163,881.48 in Q1 2021[19] - Earnings per share for Q1 2022 was ¥0.06, down from ¥0.12 in Q1 2021[19] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥178,042,267.07, indicating a significant cash outflow[5] - Cash flow from operating activities for Q1 2022 was negative at -¥178,042,267.07, compared to -¥61,667,401.05 in Q1 2021[20] - The net increase in cash and cash equivalents was -$228,487,010.31, compared to -$82,008,226.34 in the previous year, reflecting a significant decrease in liquidity[21] - The ending balance of cash and cash equivalents was $647,613,462.92, down from $876,100,473.23 at the beginning of the period[21] - The company reported a significant increase in cash outflows for financing activities, with debt repayment totaling $23,991,262.02 compared to $43,750,000.00 in the previous year[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,934,966,355.43, a decrease of 3.80% from the end of the previous year[6] - The total current assets amounted to ¥2,284,241,142.60, a decrease from ¥2,419,186,514.63 as of December 31, 2021, representing a decline of approximately 5.6%[13] - The total liabilities as of Q1 2022 were ¥1,418,574,479.70, a decrease of 8.96% from ¥1,557,908,439.33 in Q1 2021[18] - The company’s total liabilities decreased to ¥1,090,000,000.00 from ¥1,200,000,000.00, reflecting a reduction of about 9.2%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,919[10] - The largest shareholder, China Railway Electric Equipment Co., Ltd., held 71.40% of the shares, totaling 268,681,583 shares[10] Research and Development - Research and development expenses totaled ¥12,778,548.61, accounting for 4.85% of operating revenue, an increase of 0.79 percentage points[6] - Research and development expenses for Q1 2022 were ¥12,778,548.61, slightly up from ¥12,207,333.69 in Q1 2021[18] - The company has not provided any new product or technology development updates in this report[12] Market Conditions - The decline in net profit was attributed to the resurgence of COVID-19 and strict local pandemic control policies affecting marketing personnel's ability to engage with customers[8] Financial Management - The company’s financial management team is led by Zhang Changyu, with Wang Xuce responsible for accounting operations, ensuring oversight and compliance[21]