XWXN(SH:688778)2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥5,909,071,678.49, representing a year-on-year increase of 103.33%[2] - Net profit attributable to shareholders for Q1 2022 was ¥206,898,625.84, up 78.99% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥146,940,774.93, an increase of 32.76% year-on-year[2] - Basic and diluted earnings per share for Q1 2022 were both ¥0.82, reflecting a growth of 34.25%[4] - Total operating revenue for Q1 2022 reached RMB 5,909,071,678.49, a significant increase from RMB 2,906,106,622.87 in Q1 2021, representing a growth of approximately 103.5%[16] - Total operating profit for Q1 2022 was CNY 229,558,174.47, representing a 74.7% increase compared to CNY 131,443,095.39 in Q1 2021[17] - Total comprehensive income for Q1 2022 was CNY 205,126,186.53, up from CNY 115,236,822.49 in Q1 2021[18] Assets and Liabilities - Total assets at the end of Q1 2022 reached ¥12,980,863,139.35, a 23.43% increase from the end of the previous year[4] - Total assets reached RMB 12,980,863,139.35 as of March 31, 2022, up from RMB 10,516,445,310.35 at the end of 2021, indicating an increase of about 23.4%[14] - Total liabilities increased to RMB 8,933,401,681.17 in Q1 2022 from RMB 6,724,236,738.20 in Q4 2021, reflecting a growth of approximately 32.7%[15] - The company's equity attributable to shareholders rose to RMB 3,939,206,040.93 in Q1 2022, compared to RMB 3,735,883,405.25 at the end of 2021, indicating an increase of about 5.5%[15] Cash Flow - Cash and cash equivalents as of March 31, 2022, amounted to RMB 1,101,069,754.39, up from RMB 425,014,387.51 at the end of 2021, reflecting a growth of approximately 159.5%[12] - Cash inflow from operating activities amounted to CNY 2,613,424,695.96, significantly higher than CNY 961,692,441.14 in the same period last year[19] - The net cash flow from operating activities was 69,475,646.73, an increase from 62,097,220.41 in the previous period, reflecting a growth of approximately 6.5%[20] - The total cash outflow from operating activities amounted to 2,543,949,049.23, compared to 899,595,220.73 in the prior period, indicating a significant increase in operational expenditures[20] - Cash inflow from financing activities totaled 882,103,201.18, a substantial increase from 253,962,788.60, indicating strong capital raising efforts[20] - The net cash flow from financing activities was 658,857,754.24, compared to 31,838,784.44 in the previous period, reflecting a significant improvement in financing operations[20] Research and Development - Research and development expenses totaled ¥190,926,100.49, representing 3.23% of operating revenue, an increase of 0.58 percentage points[4] - Research and development expenses increased to CNY 190,926,100.49, up 148.5% from CNY 76,930,738.55 in the previous year[17] Government Support - The company received government subsidies amounting to ¥69,765,779.92 during the reporting period, contributing to the profit increase[5] - Other income for Q1 2022 was CNY 69,765,779.92, a significant increase from CNY 7,666,241.92 in Q1 2021[17] Inventory and Receivables - Accounts receivable increased to RMB 3,436,873,278.72 in Q1 2022 from RMB 2,953,734,709.32 in Q4 2021, marking an increase of about 16.3%[12] - Inventory as of March 31, 2022, was RMB 3,597,928,149.36, compared to RMB 2,795,347,589.34 at the end of 2021, representing a growth of approximately 28.7%[12] Debt Management - Short-term borrowings surged to RMB 252,279,643.85 in Q1 2022 from RMB 6,380,208.52 in Q4 2021, representing a dramatic increase of approximately 3,853.5%[14] - The company paid 207,379,400.00 in cash for debt repayment, which is an increase from 140,857,142.86, reflecting a proactive approach to managing liabilities[20] Financial Ratios - The weighted average return on equity was 5.39%, a decrease of 1.01 percentage points compared to the previous year[4] - The company reported a net profit margin improvement, with net profit for Q1 2022 expected to reflect the significant revenue growth and cost management strategies implemented[16] Accounting Standards - The company did not apply the new accounting standards for the current financial reporting period[21]