Yanghe(SZ:002304)2022-04-28 16:00Revenue and Profit - Revenue for Q1 2022 reached ¥13,026,004,652.73, an increase of 23.82% compared to ¥10,520,001,017.41 in the same period last year[2] - Net profit attributable to shareholders was ¥4,985,243,733.48, up 29.07% from ¥3,862,525,751.53 year-on-year[2] - Basic earnings per share increased by 28.29% to ¥3.3093 from ¥2.5796 in the previous year[2] - Operating profit for Q1 2022 was CNY 6,611,566,501.62, up 28.8% from CNY 5,134,755,949.99 in Q1 2021[12] - Net profit attributable to shareholders of the parent company was CNY 4,985,243,733.48, representing a 29.0% increase compared to CNY 3,862,525,751.53 in the previous year[12] - Earnings per share for Q1 2022 were CNY 3.3093, compared to CNY 2.5796 in Q1 2021, reflecting a growth of 28.3%[13] Cash Flow and Financial Performance - The net cash flow from operating activities decreased by 204.87%, resulting in a negative cash flow of ¥3,061,792,273.86[2] - Cash inflow from operating activities totaled 8,060,930,750.15 CNY, down from 9,609,129,320.22 CNY, reflecting a decrease of approximately 16.1% year-over-year[14] - Cash outflow from operating activities increased to 11,122,723,024.01 CNY, compared to 6,689,570,309.62 CNY in the previous period, marking an increase of about 66.5%[14] - The company reported a cash outflow of 1,979,479.90 CNY related to financing activities, with no cash inflow recorded during the period[15] - The company’s cash flow management reflects challenges in operational efficiency and investment returns, necessitating strategic adjustments moving forward[14][15] Assets and Liabilities - Total assets at the end of the reporting period were ¥63,811,020,349.51, a decrease of 5.88% from ¥67,798,704,193.76 at the end of the previous year[2] - The company's total current assets decreased from 49,764,643,087.08 CNY at the beginning of the year to 46,811,609,712.10 CNY at the end of the reporting period, a decline of approximately 5.9%[9] - The total liabilities decreased from 48,764,642,087.08 CNY to 46,811,609,712.10 CNY, a decrease of approximately 4.0%[9] - Total liabilities decreased to CNY 16,310,728,807.19 from CNY 25,317,393,935.97, indicating a reduction of 35.5%[10] - The company reported a total equity of CNY 47,500,291,542.32, an increase from CNY 42,481,310,257.79, marking an 11.9% growth[10] Inventory and Receivables - Inventory decreased from 16,803,093,441.81 CNY to 15,988,326,590.90 CNY, a reduction of approximately 4.8%[9] - The balance of accounts receivable financing decreased by 92.32% compared to the beginning of the period[4] - The company reported a significant reduction in contract liabilities from 15,804,521,430.17 CNY to 9,765,638,217.15 CNY, a decrease of about 38.3%[9] Research and Development - Research and development expenses for Q1 2022 were CNY 91,278,709.60, up from CNY 76,738,247.93, indicating a 19.0% increase[11] Tax and Other Expenses - Tax expenses for the quarter were CNY 1,623,724,334.04, compared to CNY 1,259,403,710.05 in the previous year, reflecting a 28.9% increase[12] - Non-recurring gains and losses totaled ¥87,360,099.83 for the period[3] Shareholder Information - The total number of common shareholders at the end of the reporting period was 154,216[6] - Jiangsu Yanghe Group holds 34.16% of shares, amounting to 514,858,939 shares[6] - The company has no preferred shareholders as indicated in the report[7] Comprehensive Income - Other comprehensive income after tax for Q1 2022 was CNY 1,146,202.19, compared to a loss of CNY 919,333.88 in the same period last year[12]