CITIC COHC(000099)2022-04-25 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥360,909,160.27, an increase of 8.57% compared to ¥332,405,639.55 in the same period last year[4] - Net profit attributable to shareholders for Q1 2022 reached ¥71,095,807.99, representing a significant increase of 111.87% from ¥33,556,704.94 in the previous year[4] - The company reported a significant increase in net profit excluding non-recurring gains and losses, which reached ¥70,824,558.90, up 141.51% from ¥29,326,120.14[4] - Net profit for the first quarter reached CNY 69,926,456.09, compared to CNY 32,388,759.12 in the same period last year, representing a growth of 116.5%[28] - Earnings per share (EPS) for the first quarter was CNY 0.0916, an increase from CNY 0.0554 in the previous year[28] Cash Flow - The net cash flow from operating activities decreased by 47.42% to ¥170,601,395.87, down from ¥324,461,040.29 in the same period last year[4] - Cash received from sales of goods and services was CNY 676,139,667.56, compared to CNY 628,902,586.65 in the previous year, indicating a growth of 7.5%[29] - The net cash inflow from operating activities was 324,461,040.29 in the previous period[32] - Cash received from operating activities totaled 639,874,779.95 previously[32] - Cash outflow for operating activities amounted to 315,413,739.66 in the prior period[32] Assets and Liabilities - The total assets at the end of Q1 2022 were ¥6,611,189,193.25, a slight decrease of 0.09% from ¥6,617,073,857.63 at the end of the previous year[4] - The total liabilities decreased from CNY 1,665,178,427.88 to CNY 1,589,367,307.41, a reduction of approximately 4.6%[25] - Total assets amounted to CNY 6.61 billion, slightly decreasing from CNY 6.62 billion, indicating a decline of approximately 0.1%[19] Research and Development - Research and development expenses surged by 185.37% to ¥13,393,500, compared to ¥4,693,400 in the previous year, driven by increased R&D projects and investments[7] - Research and development expenses for the first quarter were CNY 13,393,482.64, significantly higher than CNY 4,693,384.01 in the previous year, marking an increase of 185.5%[25] Equity and Return - The weighted average return on equity improved to 1.49%, up from 0.96% in the same period last year[4] - The company’s total equity attributable to shareholders increased by 1.50% to ¥4,800,080,910.58 from ¥4,728,985,102.59 at the end of the previous year[4] - The total equity attributable to shareholders of the parent company increased from CNY 4,728,985,102.59 to CNY 4,800,080,910.58, reflecting a growth of 1.5%[25] Government Subsidies - The company received government subsidies amounting to ¥743,417.02 during the reporting period, which are closely related to its normal business operations[6] - The company received a total of CNY 28.89 million in aviation development special fund subsidies in March 2022[15] - The company also received CNY 27.54 million in general aviation development special fund subsidies in January 2022[15] Operating Costs - Total operating costs for the first quarter were CNY 332,568,038.72, up from CNY 300,011,662.97, reflecting a year-over-year increase of 10.8%[25] - The company reported a profit margin improvement, with operating profit rising to CNY 85,332,065.39 from CNY 34,662,704.01, an increase of 146.5%[25]