宗申动力(001696) - 2022 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2022 was CNY 2,262,418,192.18, an increase of 3.79% compared to CNY 2,179,710,214.03 in the same period last year[4] - Net profit attributable to shareholders was CNY 105,417,692.82, a decrease of 17.71% from CNY 128,107,178.29 in the previous year[4] - Net profit excluding non-recurring items was CNY 82,906,554.22, down 27.56% from CNY 114,444,995.54 year-on-year[4] - Operating income was CNY 2,262,418,192.18, up from CNY 2,179,710,214.03, indicating a year-over-year increase of about 3.8%[31] - Net profit attributable to the parent company was CNY 2,513,518,339.43, compared to CNY 2,417,196,036.48, showing an increase of approximately 4.0%[30] - Net profit attributable to the parent company was ¥105.42 million, down from ¥128.11 million, reflecting a decrease of about 17.7% compared to the previous year[34] - Total comprehensive income amounted to ¥114.49 million, compared to ¥130.52 million in the same period last year, indicating a decline of approximately 12.3%[34] Cash Flow - Operating cash flow for the quarter was CNY 160,075,787.04, an increase of 58.16% compared to CNY 101,211,528.92 in the same period last year[4] - The company reported a net cash flow from operating activities of CNY 160,075,787.04, indicating strong cash generation capabilities[4] - Net cash flow from operating activities increased by 58.16% to ¥160.08 million, driven by higher cash received from sales[16] - Cash flow from operating activities increased to ¥2.09 billion, up from ¥1.83 billion, marking an increase of about 14.6% year-over-year[38] - Cash flow from investing activities showed a net outflow of ¥470.23 million, worsening from a net outflow of ¥301.65 million in the previous year[40] - Cash flow from financing activities generated a net inflow of ¥50.99 million, compared to a net outflow of ¥266.29 million in the same period last year[40] Assets and Liabilities - Total assets at the end of the quarter were CNY 10,115,909,189.73, reflecting a 2.61% increase from CNY 9,858,792,583.32 at the end of the previous year[4] - Total assets amounted to CNY 10,115,909,189.73, up from CNY 9,858,792,583.32, indicating a growth of about 2.6%[30] - Total liabilities increased to CNY 5,052,724,087.66 from CNY 4,882,605,103.15, reflecting an increase of approximately 3.5%[30] - The company's cash and cash equivalents were CNY 56,757,312.76, down from CNY 110,792,308.41, a decrease of about 48.8%[28] - Total cash and cash equivalents at the end of the period were ¥1.14 billion, down from ¥1.36 billion, indicating a decrease of about 15.9%[41] Expenses and Financial Performance - Total operating costs rose to CNY 2,194,941,004.39 from CNY 2,078,920,292.72, reflecting an increase of approximately 5.6%[31] - Research and development expenses increased to CNY 50,747,299.77 from CNY 42,773,731.51, marking a rise of about 18.7%[31] - Interest income decreased by 31.55% to ¥35.03 million, primarily due to reduced lending scale by a subsidiary to control risks[13] - Financial expenses increased by 240.99% to ¥38.23 million, mainly due to exchange losses from RMB appreciation[13] - The company reported a tax expense of ¥12.66 million, down from ¥16.94 million, which is a decrease of approximately 25.5% year-over-year[34] - Other income increased by 34.13% to ¥11.69 million, mainly due to an increase in government subsidies received[13] Investments and Acquisitions - The company completed the acquisition of 65% stakes in Chongqing Zongshen Electric Power Technology Co., Ltd. and Chongqing Zongshen Continuously Variable Transmission Co., Ltd., increasing its ownership to 75% in both companies[6] - The company recognized government subsidies amounting to CNY 11,065,863.60 during the quarter, contributing positively to its financial performance[7] - Minority shareholders' profit decreased by 45.60% to ¥6.62 million, related to the acquisition of equity in a subsidiary[13] Other Financial Metrics - The weighted average return on equity decreased to 2.25%, down 0.71 percentage points from 2.96% in the previous year[4] - The fair value change income was ¥7.92 million, a significant increase of 156.16% compared to the previous period, attributed to the valuation changes of forward foreign exchange contracts[13] - The company reported a decrease in contract liabilities to CNY 70,013,941.15 from CNY 92,741,435.45, a decline of approximately 24.6%[28] - Long-term borrowings increased to CNY 1,098,740,000.00 from CNY 944,700,000.00, representing a growth of about 16.3%[28] - The company's basic and diluted earnings per share decreased to ¥0.0921 from ¥0.1119, reflecting a decline of approximately 17.5%[34] - The company reported a net increase in cash and cash equivalents of ¥-249.30 million, an improvement of 44.48% compared to the previous period[16]