KAMA(SH:900953)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 999,442,910.65, representing a decrease of 2.37% compared to the same period last year[5]. - Total revenue for Q1 2022 was CNY 999,442,910.65, a decrease of 2.5% compared to CNY 1,023,694,247.79 in Q1 2021[18]. - Net profit for Q1 2022 was CNY 7,945,866.44, compared to a net loss of CNY 24,471,118.80 in Q1 2021, indicating a significant turnaround[19]. - The company reported a total comprehensive income for the first quarter of 2022 was CNY 7,945,866.44, a decrease of 24,471,118.80 compared to the same period in 2021[20]. - The net profit attributable to shareholders was CNY 1,616,226.52, while the net profit after deducting non-recurring gains and losses was CNY -14,954,934.74[5]. - The company reported a total comprehensive loss of CNY 5,303,474.81 for Q1 2022, compared to a comprehensive income of CNY 30,972,202.72 in Q1 2021[27]. Cash Flow - The net cash flow from operating activities was CNY -92,723,039.56, indicating a significant cash outflow[5]. - Net cash flow from operating activities was -CNY 92,723,039.56, an improvement from -CNY 132,729,440.23 in the first quarter of 2021[23]. - Cash received from sales of goods and services was CNY 571,735,129.55, down 15% from CNY 672,747,494.01 in the first quarter of 2021[22]. - Cash paid for goods and services was CNY 562,655,045.83, a decrease of approximately 19% from CNY 693,293,851.51 in the same period last year[23]. - Cash inflow from financing activities was CNY 37,069,237.79, significantly higher than CNY 4,092,615.50 in the same period last year[23]. - The financing activities resulted in a net cash outflow of CNY 11,840,663.89 in Q1 2022, contrasting with a net inflow of CNY 6,771,647.22 in Q1 2021[28]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,591,572,320.09, an increase of 4.08% from the end of the previous year[5]. - Total assets as of March 31, 2022, were CNY 4,591,572,320.09, up from CNY 4,411,446,092.36 at the end of 2021, an increase of 4.1%[15]. - Total liabilities increased to CNY 3,718,593,091.62 from CNY 3,546,723,275.59, reflecting a rise of 4.8%[16]. - Total liabilities decreased to CNY 310,057,353.41 from CNY 318,716,175.53 at the end of 2021[25]. - The total liabilities and shareholders' equity amounted to CNY 568,961,465.29, down from CNY 582,923,762.22 in the previous year[26]. Operational Metrics - The weighted average return on equity increased by 3.11 percentage points to 0.27%[5]. - The company experienced a 32.22% increase in other operating income, mainly from the write-off of payable accounts[6]. - The company signed a procurement contract to supply 4,000 new energy vehicles, with a payment of CNY 32.3 million received, but faced legal challenges due to vehicle registration issues[11]. - Accounts receivable increased by 53.33% primarily due to sales not yet reaching the collection period[6]. - Accounts receivable increased to CNY 1,185,711,150.00 from CNY 773,304,395.85, representing a growth of 53.3%[14]. - The company reported a decrease in research and development expenses to CNY 8,308,500.90 from CNY 8,876,716.31, a reduction of 6.4%[19]. - The company’s inventory decreased to CNY 603,332,006.45 from CNY 659,154,567.05, a decline of 8.5%[14]. - The company's total operating costs for Q1 2022 were CNY 2,009,347.98, with management expenses at CNY 2,587,268.92, down from CNY 4,559,529.09 in Q1 2021[26]. - Interest expenses for Q1 2022 were CNY 2,969,013.33, slightly lower than CNY 3,238,000.00 in Q1 2021[26]. Investment Activities - The company received CNY 13,020,000.00 from investment activities in Q1 2022, compared to CNY 3,000,000.00 in Q1 2021[28]. - The company reported a 114.63% increase in development expenditures due to increased investment in new product research and development for cargo vehicles[6].