SACO(SZ:002025)2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥1,509,294,773.14, representing a 34.89% increase compared to ¥1,118,948,198.80 in the same period last year[3] - The net profit attributable to shareholders was ¥158,699,693.30, up 33.50% from ¥118,872,813.77 year-on-year[3] - The company reported a 32.54% increase in total profit, reaching ¥205,502,786.67 compared to the previous year[6] - Net profit for Q1 2022 reached CNY 183,453,649.20, representing a 35% increase from CNY 136,056,168.12 in Q1 2021[17] - Earnings per share for Q1 2022 was CNY 0.35, compared to CNY 0.28 in Q1 2021[17] Cash Flow - The net cash flow from operating activities was -¥507,410,322.48, a decline of 53.35% compared to -¥330,883,597.25 in the previous year[6] - Cash flow from operating activities for Q1 2022 was CNY 836,743,897.70, an increase from CNY 640,753,749.84 in Q1 2021[17] - Operating cash inflow totaled CNY 869,750,549.76, an increase from CNY 658,332,974.93 in the previous year[18] - Operating cash outflow amounted to CNY 1,377,160,872.24, up from CNY 989,216,572.18 year-over-year[18] - Net cash flow from operating activities was -CNY 507,410,322.48, compared to -CNY 330,883,597.25 in the same period last year[18] - Net cash flow from investment activities was -CNY 64,166,690.44, compared to -CNY 45,062,964.30 in the previous year[19] - Net cash flow from financing activities was CNY 870,251.61, indicating a positive cash flow in this segment[19] Assets and Liabilities - The company's total assets increased by 3.78% to ¥9,556,464,641.81 from ¥9,208,721,286.84 at the end of the previous year[3] - The total liabilities stood at CNY 5,000,000,000, with current liabilities accounting for a significant portion, indicating a focus on short-term obligations[12] - Total liabilities as of Q1 2022 were CNY 3,338,310,316.92, up from CNY 3,180,347,523.51 in the previous year[15] - Total equity as of Q1 2022 was CNY 6,218,154,324.89, compared to CNY 6,028,373,763.33 in Q1 2021[15] Research and Development - The company's R&D expenses rose to ¥109,433,629.21, marking a 34.50% increase year-on-year, reflecting ongoing investment in new technologies[6] - Research and development expenses for Q1 2022 were CNY 109,433,629.21, an increase of 34.5% from CNY 81,364,868.15 in Q1 2021[16] Accounts Receivable and Payable - The accounts receivable net amount increased by 51.56% to ¥2,620,931,972.20, driven by higher sales revenue[5] - Accounts receivable rose significantly to CNY 2,620,931,972.20 from CNY 1,729,252,098.76, marking an increase of approximately 51.5%[12] - The company reported a significant increase in accounts payable, which rose to CNY 1,473,275,341.67 from CNY 1,344,314,404.34, reflecting a growth of approximately 9.6%[13] Management and Operational Costs - The gross profit margin for the period was impacted by a 34.02% increase in operating costs, totaling ¥970,775,690.31[6] - The company’s management expenses increased by 33.92% to ¥129,790,506.79, attributed to higher variable management costs[6] - Operating costs for Q1 2022 amounted to CNY 1,256,154,253.69, up 35% from CNY 931,531,394.06 in the same period last year[16] Other Financial Metrics - The weighted average return on equity decreased to 2.98% from 3.43% year-on-year[3] - The company reported a tax expense of CNY 22,049,137.47 for Q1 2022, compared to CNY 18,995,984.15 in Q1 2021[17] - The total comprehensive income for Q1 2022 was CNY 183,453,649.20, up from CNY 136,056,168.12 in the same period last year[17] Share Issuance - The company issued 23,662,256 shares at a price of CNY 60.46 per share, raising a total of CNY 1,430,619,997.76, which was fully received by August 13, 2021[11] - The net cash raised from the issuance after deducting expenses was CNY 1,422,437,297.51, contributing to the company's liquidity position[11] Miscellaneous - The first quarter report was not audited[20]