SHANTUI(SZ:000680)2022-08-30 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥2,338,873,009.46, a decrease of 12.19% compared to the same period last year[7]. - Net profit attributable to shareholders was ¥364,210,721.47, representing a significant increase of 342.05% year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥72,826,720.79, down 27.79% from the previous year[7]. - Basic and diluted earnings per share were both ¥0.2425, an increase of 272.50% year-on-year[7]. - Total operating revenue for the current period was ¥2,338,873,009.46, a decrease of 12.2% compared to ¥2,663,457,502.08 in the previous period[57]. - Net profit for the current period reached ¥366,706,951.25, significantly up from ¥83,717,934.90 in the previous period, marking a growth of 338.5%[61]. - The company reported an investment income of ¥309,709,263.95, a significant increase from ¥23,073,152.46 in the previous period[57]. Cash Flow - The net cash flow from operating activities was -¥239,205,942.07, a decrease of 178.67% compared to the same period last year[7]. - Cash inflow from operating activities totaled 1,628,636,945.98, down from 1,838,238,745.70, reflecting a decrease of about 11.4%[65]. - Cash outflow from operating activities increased to 1,867,842,888.05 from 1,534,164,597.05, marking an increase of approximately 21.8%[65]. - The net cash flow from financing activities was -295,351,588.73, compared to -206,692,316.33 in the previous period, indicating a worsening of approximately 42.9%[69]. - The ending balance of cash and cash equivalents was 1,582,213,906.23, compared to 1,488,613,944.07 in the previous period, showing an increase of about 6.3%[69]. Assets and Liabilities - Total assets at the end of the reporting period were ¥10,789,890,492.71, an increase of 4.79% from the end of the previous year[10]. - The company's total liabilities decreased to ¥5,877,483,944.44 from ¥6,372,539,669.94 at the beginning of the year, a reduction of 7.8%[60]. - The total equity attributable to shareholders of the parent company was ¥4,594,865,487.60, slightly down from ¥4,645,787,861.43 at the beginning of the year, a decrease of 1.1%[60]. - Total assets decreased from CNY 11.3332 billion to CNY 10.7899 billion[50]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 89,718[18]. - The largest shareholder, Shandong Heavy Industry Group Co., Ltd., holds 24.26% of shares, totaling 364,399,684 shares[18]. - The second largest shareholder, Weichai Power Co., Ltd., holds 15.76% of shares, totaling 236,705,601 shares[18]. Investments and Acquisitions - The company completed the acquisition of Shantui (Dezhou) Engineering Machinery Co., Ltd. and Shandong Degong Machinery Co., Ltd. in March 2022, which was included in the consolidated financial statements[10]. - The company acquired 56.6403% equity in Dezhou Degong and 100% equity in Shandong Degong for a total transaction price of CNY 413.0827 million[43]. - As of the report date, the company has paid 90% of the equity transfer price, amounting to CNY 371.7744 million[44]. Financial Services and Risk Management - The company is engaged in various financial services, including bank acceptance, mortgage, and financing lease agreements[23]. - The company has established risk management strategies for its financial derivatives, including stop-loss limits and reverse hedging[31]. - The company’s independent directors provided a special opinion on the investment and risk control of financial derivatives, which is disclosed in a separate report[32]. Research and Development - Research and development expenses increased to ¥84,932,472.09 from ¥75,597,406.45, reflecting a rise of 12.4%[57].