众泰汽车(000980) - 2022 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2022 was ¥125,014,104.97, a decrease of 39.12% compared to ¥205,343,302.14 in the same period last year[3] - Net profit attributable to shareholders was -¥156,741,308.74, an improvement of 38.49% from -¥254,811,043.40 year-on-year[3] - The company reported a net loss of CNY 20,345,857,161.20 in retained earnings, compared to a loss of CNY 20,189,115,852.46 at the beginning of the year[28] - Operating profit for the current period is -¥156,636,108.25, compared to -¥254,004,352.19 in the previous period[32] - Basic and diluted earnings per share for the current period are both -¥0.03, compared to -¥0.13 in the previous period[35] Cash Flow - Cash flow from operating activities was ¥14,758,467.25, down 35.79% from ¥22,984,125.16 in the previous year[3] - The net cash flow from operating activities decreased by 35.79% to ¥14,758,467.25, primarily due to a reduction in sales collections[10] - Cash outflows from operating activities totaled $403,843,048.06, compared to $510,321,754.03 previously, reflecting a reduction of about 21%[39] - The net cash flow from investing activities was -$8,814,827.22, worsening from -$1,744,671.73, showing a significant increase in cash outflow[39] - The net cash flow from financing activities improved to $2,234,948.20 from -$13,999,400.00, indicating a positive turnaround[39] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥7,681,784,087.91, a decrease of 4.14% from ¥8,013,172,226.55 at the end of the previous year[3] - The total liabilities decreased from CNY 4,566,251,680.80 to CNY 4,391,663,130.66, a reduction of 3.83%[25] - The company's cash and cash equivalents were CNY 1,401,170,842.54, down from CNY 1,620,763,981.40, indicating a decrease of 13.5%[19] - As of March 31, 2022, the total current assets amounted to CNY 4,222,735,628.57, a decrease of 6.06% from CNY 4,493,919,944.23 at the beginning of the year[22] Expenses - Research and development expenses decreased by 77.76% to ¥3,671,498.44 from ¥16,508,240.82 in the previous year[6] - Financial expenses decreased by 71.56% to ¥15,536,287.49 from ¥54,637,750.71 in the previous year due to reduced bank loans[6] - The company experienced a 54.40% decrease in cash paid for other operating activities, totaling ¥119,891,008.83, due to reduced operational expenses[10] - Tax expenses for the current period are ¥3,272,904.22, down from ¥4,500,089.58 in the previous period[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 80,912[14] - The largest shareholder, Tieniu Group Co., Ltd., holds 15.51% of the shares, amounting to 786,250,375 shares[14] Investment Activities - The cash flow from investment activities showed a net outflow of ¥8,814,827.22, a significant increase of 405.24%, mainly attributed to the acquisition of a subsidiary[10] - The total cash inflow from investment activities increased by 472.68% to ¥2,630,482.79, driven by asset disposals and increased bank interest income[10] - Cash received from the disposal of fixed assets was $1,680,000.00, a substantial increase from $119,252.13, indicating a growth of over 1300%[39] - The cash outflow for acquiring fixed assets decreased by 34.42% to ¥1,445,310.01, indicating reduced capital expenditures[10] Other Financial Metrics - The company recorded a gain from asset disposal of ¥1,023,667.66, a substantial increase of 1532.72% compared to a loss of ¥71,449.05 in the previous year[6] - Other income for the current period is ¥2,074,798.78, slightly down from ¥2,307,363.98 in the previous period[29] - The impact of exchange rate changes on cash and cash equivalents was a decrease of $35,029.28, indicating a minor negative effect[39] - The company is in the process of applying to revoke the delisting risk warning, pending approval from the Shenzhen Stock Exchange[18]