SUNWARD(SZ:002097)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥1,661,684,966.28, a decrease of 49.95% compared to ¥3,320,084,133.31 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥48,978,765.87, representing a decline of 116.47% from a profit of ¥297,437,796.19 in the previous year[3] - The net cash flow from operating activities was negative at ¥1,308,593,425.52, a significant decrease of 419.01% compared to -¥252,132,851.18 in the same period last year[3] - The company's basic earnings per share were -¥0.0450, a decline of 116.45% from ¥0.2735 in the same period last year[3] - The net profit for Q1 2022 was a loss of CNY 52,956,135.06, compared to a profit of CNY 296,645,285.16 in Q1 2021[23] - The company reported a gross profit margin of approximately -4.6% in Q1 2022, compared to a positive margin in Q1 2021[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥20,582,354,628.35, an increase of 6.94% from ¥19,246,474,315.14 at the end of the previous year[3] - Total current assets reached CNY 13,238,075,125.12, an increase from CNY 12,126,575,477.52 at the beginning of the year, reflecting a growth of approximately 9.16%[14] - Total liabilities amounted to CNY 7,344,279,503.23, compared to CNY 7,119,898,837.62 at the beginning of the year, reflecting an increase of about 3.16%[16] - The total liabilities increased to CNY 14,914,921,776.96 in Q1 2022, up from CNY 13,524,421,672.07 in Q1 2021[21] - The company's total equity decreased to CNY 5,667,432,851.39 in Q1 2022 from CNY 5,722,052,643.07 in Q1 2021[21] Cash Flow - The net cash flow from operating activities was -1,308,593,425.52 CNY, a significant decline compared to -252,132,851.18 CNY in the previous period[28] - Total cash inflow from operating activities was 1,326,008,717.44 CNY, down from 2,222,205,478.64 CNY year-over-year[28] - Cash outflow from operating activities totaled 2,634,602,142.96 CNY, an increase from 2,474,338,329.82 CNY in the prior period[28] - Cash flow from investing activities was -324,157,149.52 CNY, worsening from -160,429,855.20 CNY in the previous year[28] - Cash inflow from financing activities reached 2,757,283,367.31 CNY, compared to 1,199,970,428.21 CNY in the last period[28] - The net cash flow from financing activities was 1,668,670,574.99 CNY, a substantial increase from 277,371,581.14 CNY year-over-year[28] Borrowings and Debt - The company’s long-term borrowings increased by 47.94% to ¥5,760,094,195.77 from ¥3,893,642,565.97 at the beginning of the year[7] - Short-term borrowings increased to CNY 1,328,749,883.37 from CNY 1,107,570,402.52, indicating a rise of approximately 19.93%[16] - The company received 2,666,552,122.24 CNY in cash from borrowings, significantly higher than 1,181,948,607.98 CNY in the prior period[28] - The company paid 1,011,290,659.07 CNY in cash to repay debts, compared to 675,099,714.70 CNY in the previous year[28] Shareholder Information - The number of common shareholders at the end of the reporting period was 73,198, with the top 10 shareholders holding significant stakes[11] - The largest shareholder, Guangzhou Wanli Investment, holds 13.94% of the shares, totaling 151,593,848 shares[11] Other Income and Expenses - The company reported a significant decrease in other income, which was ¥5,231,529.36, down 75.38% from ¥21,250,708.67 in the previous year[7] - The company experienced a 46.57% decrease in operating costs, which amounted to ¥1,319,021,520.08 compared to ¥2,468,464,318.74 in the previous year[7] - Research and development expenses for Q1 2022 were CNY 74,765,556.28, a decrease of 7.5% from CNY 80,449,181.20 in Q1 2021[21] - The company reported a significant increase in non-current asset disposal gains of ¥2,390,639.15 during the reporting period[6] Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in the current report[13]