宁波华翔(002048) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was ¥4,195,853,912.10, a decrease of 3.20% compared to ¥4,334,719,244.97 in the same period last year[4] - Net profit attributable to shareholders was ¥196,532,011.74, down 17.60% from ¥238,504,017.25 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥177,527,263.21, a decline of 23.40% compared to ¥231,751,744.73 in the previous year[4] - The basic earnings per share were ¥0.27, a decrease of 28.95% from ¥0.38 in the same period last year[4] - The diluted earnings per share were also ¥0.27, reflecting the same percentage decrease of 28.95%[4] - The weighted average return on equity was 1.62%, down from 2.03% in the previous year, a decrease of 0.41%[4] - Operating profit decreased to CNY 305,549,940.45 from CNY 368,048,507.97, a decline of about 17%[27] - The total profit amounted to CNY 311,182,310.01, down from CNY 369,266,505.44, indicating a decrease of approximately 15.7%[27] - The total comprehensive income attributable to the parent company was CNY -186,075,623.03, compared to CNY 254,160,511.33 in the previous period, indicating a significant decline[30] Cash Flow and Liquidity - The net cash flow from operating activities increased by 21.17% to ¥432,263,339.39 from ¥356,733,563.05 in the same period last year[4] - Cash flow from operating activities generated a net amount of CNY 432,263,339.39, an increase from CNY 356,733,563.05, representing a growth of about 21.1%[34] - Cash and cash equivalents fell to CNY 2,784,266,844.81 from CNY 3,853,337,472.03, a decline of approximately 27.7%[19] - The ending balance of cash and cash equivalents was $2.62 billion, down from $3.08 billion, reflecting a decrease in liquidity[37] - The beginning balance of cash and cash equivalents was $3.61 billion, compared to $3.09 billion in the previous period, showing a strong starting position despite the decline[37] Assets and Liabilities - Total assets at the end of the reporting period were ¥20,549,757,266.68, a decrease of 5.72% from ¥21,795,566,240.52 at the end of the previous year[4] - Current assets decreased to CNY 11,165,618,344.58 from CNY 12,007,843,324.48, indicating a reduction in liquidity[19] - Total liabilities decreased to CNY 8,685,825,683.38 from CNY 9,592,780,022.58, indicating a reduction in overall debt[22] - Non-current assets totaled CNY 9,384,138,922.10, down from CNY 9,787,722,916.04, reflecting a decrease in long-term investments[19] - The company's equity decreased to CNY 11,863,931,583.30 from CNY 12,202,786,217.94, indicating a decline in shareholder value[22] - Short-term borrowings decreased significantly to CNY 880,965,473.19 from CNY 1,470,685,253.82, a reduction of approximately 40%[19] Shareholder Returns - The company repurchased 11,211,291 shares, accounting for 1.377% of the total share capital, with a total transaction amount of ¥214,998,969.75[15] - Cash paid for dividends and interest was $11.42 million, down from $102.78 million, suggesting a reduction in shareholder returns[37] Research and Development - Research and development expenses increased to CNY 150,461,941.34 from CNY 125,943,649.13, reflecting a growth of approximately 19.5%[27] Tax and Other Expenses - The company reported a decrease in tax expenses to CNY 52,430,340.14 from CNY 63,745,245.03, a reduction of about 17.9%[27] - Other comprehensive income after tax was CNY -382,607,634.77, compared to CNY 15,656,494.08 in the previous period, indicating a substantial decline[30] Investment Activities - Net cash flow from investing activities was -$602.35 million, compared to -$173.28 million in the previous period, indicating a significant increase in cash outflow[37] - The company reported a significant increase in cash outflows related to investment activities, totaling $607.33 million, compared to $175.54 million previously[37] - Cash paid for debt repayment was $619.87 million, significantly higher than $194.29 million in the previous period, indicating increased debt servicing[37] Financial Reporting - The company’s first quarter report was not audited, which may affect the reliability of the financial data presented[38]