HIGHLY(SH:900910)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 4,319,364,519.48, representing a year-on-year increase of 13.04%[5] - The net profit attributable to shareholders was CNY 42,515,218.11, reflecting an increase of 8.32% compared to the same period last year[5] - The net profit for Q1 2022 was CNY 22,546,609.81, a decrease from CNY 51,868,568.32 in Q1 2021, indicating a decline of 56.5%[21] - The company reported a total comprehensive income of negative CNY 4,526,518.17 for Q1 2022, down from CNY 17,657,621.48 in Q1 2021[22] - The company reported a basic earnings per share of CNY 0.04 for the period[6] - The basic and diluted earnings per share for Q1 2022 remained at CNY 0.04, unchanged from Q1 2021[22] Operating Costs and Expenses - Total operating costs for Q1 2022 were RMB 4,385,558,067.36, up from RMB 3,762,862,699.14 in Q1 2021, reflecting a year-on-year increase of 16.54%[20] - Research and development expenses in Q1 2022 amounted to RMB 171,251,270.44, significantly higher than RMB 100,406,035.80 in Q1 2021, indicating a year-on-year growth of 70.6%[20] Cash Flow - The net cash flow from operating activities was CNY -680,998,832.10, which is not comparable[5] - The net cash flow from operating activities for Q1 2022 was negative CNY 680,998,832.10, slightly improved from negative CNY 729,834,560.12 in Q1 2021[25] - The company incurred a total investment cash outflow of CNY 240,923,983.15 in Q1 2022, significantly lower than CNY 1,052,932,379.63 in Q1 2021, indicating a reduction of 77.2%[25] - The net cash flow from financing activities for Q1 2022 was negative CNY 263,238,431.50, compared to positive CNY 892,831,764.86 in Q1 2021[26] - The company experienced a cash outflow from financing activities of CNY 2,285,520,672.19, a decrease from CNY 3,059,983,277.52 in Q1 2021, leading to a net cash flow from financing activities of CNY -1,067,114,519.88[36] Assets and Liabilities - The total assets at the end of the reporting period were CNY 20,792,131,667.78, a decrease of 1.44% from the end of the previous year[6] - Total liabilities as of March 31, 2022, were RMB 13,151,723,739.48, down from RMB 13,450,480,141.53 at the end of 2021, a decrease of 2.22%[18] - The company's equity attributable to shareholders increased to RMB 6,249,343,379.90 as of March 31, 2022, compared to RMB 6,225,484,314.57 at the end of 2021, a slight increase of 0.38%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 48,769[12] Government Subsidies and Gains - The company recognized government subsidies amounting to CNY 13,579,421.95, mainly related to deferred income amortization and freight subsidies[8] - The total non-recurring gains and losses amounted to CNY 57,924,070.24 after tax adjustments[9] Financial Ratios - The weighted average return on equity was 0.68%, down by 0.19 percentage points[6] Other Financial Metrics - Interest income for Q1 2022 was CNY 12,683,241.55, compared to CNY 6,495,224.42 in Q1 2021, representing a 95.5% increase[21] - Cash and cash equivalents as of March 31, 2022, were RMB 2,856,642,021.01, down from RMB 3,866,098,658.15 at the end of 2021, a decrease of 26.06%[16] - Accounts receivable increased to RMB 4,520,595,548.79 as of March 31, 2022, compared to RMB 3,998,437,365.32 at the end of 2021, representing a growth of 13.01%[17] - Inventory as of March 31, 2022, was RMB 3,021,943,407.62, slightly up from RMB 2,929,386,741.13 at the end of 2021, an increase of 3.15%[17]