HBFX(SZ:000926)2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥1,655,726,417.91, a decrease of 11.48% compared to ¥1,870,545,057.57 in the same period last year[3]. - The net profit attributable to shareholders was ¥37,047,192.02, down 46.93% from ¥69,802,460.74 year-on-year[3]. - The company reported a basic earnings per share of ¥0.04, a decrease of 42.86% from ¥0.07 in the same period last year[3]. - Net profit for the current period is ¥54,484,097.08, a decline of 24.29% compared to ¥71,885,529.94 in the previous period[18]. - The total comprehensive income attributable to the parent company was ¥52,822,230.45, down from ¥61,559,325.74[19]. Cash Flow - The net cash flow from operating activities was -¥1,326,407,402.52, a decline of 243.61% compared to ¥923,619,979.10 in the previous year[3]. - Cash flow from operating activities showed a net outflow of ¥1,326,407,402.52, compared to a net inflow of ¥923,619,979.10 in the previous period[20]. - Cash flow from investment activities generated a net inflow of ¥577,539,294.48, up from ¥49,086,919.54 in the previous period[22]. - Cash flow from financing activities resulted in a net outflow of ¥397,686,440.40, compared to a larger outflow of ¥2,259,386,872.07 in the previous period[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥48,321,535,217.71, a decrease of 0.47% from ¥48,548,279,242.24 at the end of the previous year[3]. - The company's total liabilities were reported at ¥35,857,961,773.95, down from ¥36,130,364,933.97[15]. - The company's current assets totaled ¥39,023,384,440.47, slightly down from ¥39,251,903,595.00 at the start of the year[14]. - The total equity attributable to shareholders of the parent company was ¥11,251,627,097.11, up from ¥11,198,804,866.66[15]. Expenses - Management expenses decreased by 35.90% to ¥58,232,691.28 from ¥90,843,319.77 in the previous year[7]. - Total operating costs decreased to ¥1,537,277,104.83, down 13.04% from ¥1,768,372,523.53[17]. - The company reported a decrease in sales expenses to ¥52,845,452.08 from ¥69,075,185.15, a reduction of 23.49%[17]. - Research and development expenses decreased to ¥9,619,990.55 from ¥14,330,044.34, reflecting a decline of 32.5%[17]. - The company reported a decrease in employee compensation payable from ¥75,140,221.94 to ¥36,949,601.64, a reduction of approximately 50.8%[15]. Receivables and Inventory - The company experienced a significant increase in receivables, with accounts receivable rising by 32.94% to ¥254,995,548.11 from ¥191,808,028.01[7]. - Accounts receivable increased to ¥398,873,834.46 from ¥431,990,299.87, indicating a decrease of about 7.7%[13]. - The company's inventory increased to ¥28,623,616,861.85 from ¥27,818,419,174.96, reflecting a growth of about 2.9%[14]. Borrowings and Cash Equivalents - The company experienced a significant increase in short-term borrowings, which rose by 86.18% to ¥1,043,629,816.66 from ¥560,552,750.00[7]. - Short-term borrowings rose significantly to ¥1,043,629,816.66 from ¥560,552,750.00, marking an increase of approximately 86%[15]. - Cash and cash equivalents decreased to ¥3,755,561,996.22 from ¥4,717,516,551.59, reflecting a decline of approximately 20.4%[13]. Other Information - The first quarter report of Hubei Fuxing Technology Co., Ltd. is unaudited[23]. - The non-current assets totaled ¥9,298,150,777.24, slightly up from ¥9,296,375,647.24[14].