PRET(SZ:002324)2022-04-25 16:00Revenue and Profitability - Revenue for Q1 2022 was CNY 1,297,816,322.85, an increase of 25.88% compared to CNY 1,030,994,063.36 in the same period last year[6] - Net profit attributable to shareholders was CNY 24,425,325.94, a decrease of 67.06% from CNY 74,153,645.59 year-on-year[6] - Basic earnings per share decreased by 77.78% to CNY 0.02 from CNY 0.09 in the same period last year[6] - The company reported a net profit of CNY 28,494,702.03 for the quarter, compared to a net profit of CNY 61,663,337.72 in the same period last year, indicating a decline of 53.8%[36] - The net profit attributable to the parent company is 24,425,325.94, down from 74,153,645.59 in the previous period, reflecting a decline in profitability[38] - The total comprehensive income attributable to the parent company is 22,347,841.59, compared to 77,760,916.85 in the previous period, showing a substantial drop[41] Cash Flow - Net cash flow from operating activities was CNY -33,968,670.70, a decline of 146.51% compared to CNY 73,035,331.69 in the previous year[6] - The net cash flow from operating activities decreased by RMB 107.00 million, a decline of 146.51%, mainly due to reduced cash received from sales and increased cash paid for purchases[17] - The net cash flow from investing activities increased by RMB 24.59 million, an increase of 112.15%, primarily due to increased cash received from investment recoveries[17] - The net cash flow from financing activities increased by RMB 189.12 million, an increase of 812.29%, mainly due to increased cash received from borrowings[17] - The net cash flow from financing activities is 212,406,690.93, a significant increase from 23,282,790.34 in the previous period, reflecting stronger financing efforts[47] - The company incurred total operating cash outflows of 982,861,418.49, compared to 903,873,158.24 in the previous period, indicating increased operational expenses[45] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,933,442,831.38, an increase of 6.85% from CNY 4,617,289,096.57 at the end of the previous year[6] - Current liabilities rose to CNY 2,246,014,438.05, compared to CNY 1,949,466,563.84, reflecting an increase of 15.3%[31] - The company's total equity reached CNY 2,639,412,175.21, up from CNY 2,617,465,574.63, showing a slight increase of 0.8%[31] - Short-term borrowings increased by CNY 40,277.06 million, an increase of 31.63%, mainly due to increased cash received from borrowings during the reporting period[13] - Long-term borrowings were reported at CNY 13,691,831.70, a decrease from CNY 14,031,296.49, indicating a reduction of 2.4%[31] Operating Costs and Expenses - The main business cost increased by CNY 29,542.07 million, a rise of 34.64%, mainly due to increased procurement volume and prices of raw materials[13] - Total operating costs amounted to CNY 1,269,321,620.82, up from CNY 967,330,725.64, reflecting a year-over-year increase of 31.2%[36] - Research and development expenses for the quarter were CNY 66,658,978.40, slightly down from CNY 68,785,443.30, a decrease of 3.1%[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,165[18] - The largest shareholder, Zhou Wen, holds 44.08% of the shares, amounting to 446,987,270 shares, with 89,080,000 shares pledged[21] Inventory and Receivables - The company's inventory as of March 31, 2022, was RMB 925.60 million, an increase from RMB 839.94 million at the end of 2021[25] - The accounts receivable as of March 31, 2022, amounted to RMB 1.56 billion, slightly up from RMB 1.55 billion at the end of 2021[25] Future Outlook - The company plans to expand its market presence and invest in new product development to drive future growth[29] - The company has not disclosed any new product or technology developments, market expansions, or mergers and acquisitions in the current report[26]