中国重汽(000951) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥7,496,600,081.10, a decrease of 63.75% compared to ¥20,678,492,448.08 in the same period last year[2] - Net profit attributable to shareholders was ¥124,056,938.28, down 79.43% from ¥603,053,910.17 year-on-year[2] - The company experienced a 64% decline in operating income, primarily due to decreased sales volume during the reporting period[5] - Net profit for Q1 2022 was CNY 179,115,859.17, down 78.9% from CNY 849,089,724.42 in Q1 2021[15] - Earnings per share for Q1 2022 was CNY 0.11, compared to CNY 0.54 in the previous year[16] - Operating costs for Q1 2022 were CNY 6,999,840,270.54, a decrease of 62.9% from CNY 18,848,403,449.93 in the same period last year[14] Cash Flow - The net cash flow from operating activities increased by 360.55% to ¥1,940,194,460.01, compared to a negative cash flow of ¥744,661,833.12 in the previous year[2] - The company reported a significant increase in cash flow from operating activities, totaling CNY 6,797,932,121.35, compared to CNY 11,512,219,996.36 in the previous year[17] - The company reported a total cash outflow from operating activities of CNY 4,857,737,661.34, down from CNY 12,256,881,829.48 in the previous year[18] - Cash outflow from investing activities totaled CNY 1,027,986,761.35, compared to CNY 82,161,700.30 in the same period last year, resulting in a net cash flow from investing activities of CNY -943,515,592.03[18] - Cash inflow from financing activities was CNY 700,000,000.00, down from CNY 6,801,383,278.41 in the previous year, leading to a net cash flow from financing activities of CNY 391,028,722.26[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥36,929,949,404.78, reflecting a 4.09% increase from ¥35,477,788,862.22 at the end of the previous year[2] - The total current liabilities increased to CNY 21.38 billion from CNY 20.09 billion, reflecting a growth of about 6.4%[12] - The total liabilities of the company reached CNY 21.77 billion, compared to CNY 20.50 billion, which is an increase of approximately 6.2%[12] - The total non-current assets decreased slightly to CNY 5.63 billion from CNY 5.69 billion, a decline of about 1.0%[11] - The company maintained a stable financial position with total equity attributable to shareholders increasing to CNY 14,044,655,937.85 from CNY 13,911,994,094.25[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 72,281, with the largest shareholder, China National Heavy Duty Truck Group, holding 51%[7] - As of March 31, 2022, the total assets of China National Heavy Duty Truck Group amounted to approximately CNY 36.93 billion, an increase from CNY 35.48 billion at the beginning of the year, reflecting a growth of about 4.1%[10] Expense Management - The company's sales expenses decreased by 75% year-on-year, primarily due to a decline in sales volume[5] - The company reported a decrease in sales expenses to CNY 114,129,354.77 from CNY 465,704,924.93 in the previous year, indicating improved cost management[14] - The company paid CNY 277,203,678.91 to employees, a decrease from CNY 417,495,342.20 in the same quarter last year[18] Other Income and Impairments - Other income increased by 149% compared to the previous year, mainly due to an increase in government subsidies received[5] - The company recorded a credit impairment loss of CNY -5,500,000.00, an improvement from CNY -51,943,171.67 in the previous year[15]