HIUV(SH:688680)2022-04-25 16:00Financial Performance - The company's revenue for Q1 2022 reached ¥1,228,290,010.49, representing a year-on-year increase of 118.87%[4] - The net profit attributable to shareholders was ¥77,248,351.96, showing a slight increase of 2.55% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥77,220,557.84, which is an increase of 4.16% year-on-year[4] - Total operating revenue for Q1 2022 reached ¥1,228,290,010.49, a significant increase of 118.8% compared to ¥561,191,966.23 in Q1 2021[15] - Net profit for Q1 2022 was ¥77,248,351.96, representing a 2.4% increase from ¥75,324,345.60 in Q1 2021[17] - The company reported a total comprehensive income of ¥77,248,351.96 for Q1 2022, compared to ¥75,324,345.60 in Q1 2021, indicating stable performance[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,462,952,891.73, reflecting a growth of 21.50% from the end of the previous year[5] - As of March 31, 2022, the total assets of the company amounted to RMB 4,462,952,891.73, an increase from RMB 3,673,231,687.31 as of December 31, 2021, representing a growth of approximately 21.5%[11] - Total liabilities as of Q1 2022 amounted to ¥2,075,460,095.33, up from ¥1,366,847,375.62 in Q1 2021, reflecting a growth of 52.0%[15] - The total liabilities of the company increased significantly, with current liabilities rising to RMB 2,000,000,000, reflecting a substantial growth compared to previous periods[12] Cash Flow - The cash flow from operating activities was negative at -¥689,553,708.17, a decrease of 18.24% year-on-year[4] - Cash inflow from operating activities in Q1 2022 was ¥654,080,878.85, compared to ¥154,073,880.32 in Q1 2021, indicating a substantial increase[18] - The net cash flow from operating activities was -$689.55 million, compared to -$583.18 million in the previous year, indicating a decline in operational cash generation[19] - The company reported a total cash outflow from operating activities of $1.34 billion, compared to $737.26 million in the prior year, highlighting increased operational costs[19] Shareholder Information - The company had a total of 5,016 common shareholders at the end of the reporting period[9] - The top shareholder, Li Min, held 20,020,120 shares, accounting for 23.83% of the total shares[9] Research and Development - Research and development expenses totaled ¥39,092,028.87, marking a significant increase of 75.79% compared to the previous year[5] - Research and development expenses for Q1 2022 were ¥39,092,028.87, up 75.6% from ¥22,237,567.78 in Q1 2021, highlighting increased investment in innovation[15] Inventory and Receivables - Accounts receivable increased to RMB 1,067,206,191.15 from RMB 1,088,204,453.89, showing a slight decrease of approximately 1.9%[11] - Inventory levels rose to RMB 430,880,021.15, compared to RMB 353,547,539.83, reflecting an increase of around 21.9%[12] Cash and Equivalents - The company's cash and cash equivalents decreased to RMB 322,164,387.49 from RMB 426,326,220.46, a decline of about 24.5%[11] - The total cash and cash equivalents at the end of the period were $322.16 million, down from $963.17 million at the end of the previous year, indicating a liquidity contraction[20] Debt and Financing - Short-term borrowings surged to RMB 1,333,083,665.87 from RMB 787,413,960.02, marking an increase of approximately 69.4%[12] - The company paid $168.82 million in debt repayments, significantly higher than $20 million in the previous year, indicating a focus on debt reduction[19] Other Financial Metrics - The weighted average return on equity was 3.29%, a decrease of 0.12 percentage points compared to the previous year[5] - The basic earnings per share were reported at ¥0.92, down by 4.17% from the previous year[4] - Basic and diluted earnings per share for Q1 2022 were both ¥0.92, down from ¥0.96 in Q1 2021[18]