维信诺(002387) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was ¥1,489,508,054.33, representing a 22.93% increase compared to ¥1,211,651,161.66 in the same period last year[3] - The net profit attributable to shareholders was -¥580,299,039.50, a decline of 55.59% from -¥372,961,754.57 after adjustments[3] - The net cash flow from operating activities was -¥914,779,095.38, a significant decrease of 261.61% compared to ¥566,033,607.22 in the previous year[3] - The company's total assets at the end of the reporting period were ¥38,709,197,972.88, a slight decrease of 0.34% from the previous year[3] - The weighted average return on equity was -4.32%, down from -2.49% in the previous year[3] - The total operating revenue for the first quarter of 2022 was CNY 1,489,508,054.33, an increase of 22.9% compared to CNY 1,211,651,161.66 in the same period last year[32] - The operating profit for the quarter was a loss of CNY 821,564,107.39, compared to a loss of CNY 442,636,539.10 in the previous year[33] - The net profit for the first quarter was a loss of CNY 700,221,574.55, compared to a loss of CNY 413,608,500.03 in the same quarter last year[33] - The total comprehensive income for Q1 2022 was -700,221,574.55 CNY, compared to -413,608,500.03 CNY in the same period last year[34] - The basic and diluted earnings per share for Q1 2022 were both -0.4243 CNY, worsening from -0.2727 CNY in Q1 2021[34] Operating Costs and Expenses - The company reported a 43.72% increase in operating costs, totaling ¥1,485,679,048.73, primarily due to increased depreciation after production line stabilization[12] - The total operating costs amounted to CNY 2,127,487,066.68, up 35.7% from CNY 1,568,140,362.34 year-on-year[33] - The company experienced a 57.11% rise in selling expenses, amounting to ¥13,411,793.32, attributed to higher sales personnel costs[12] - The company reported a 70.79% increase in credit impairment losses, totaling ¥6,657,540.26, due to recoveries from other receivables[12] Cash Flow - The cash flow from financing activities improved significantly, with a net inflow of ¥885,310,977.07, a 171.91% increase compared to the previous year[13] - Cash flow from operating activities for Q1 2022 showed a net outflow of -914,779,095.38 CNY, a decline from a net inflow of 566,033,607.22 CNY in Q1 2021[36] - Cash inflow from operating activities totaled 1,149,260,526.26 CNY, down from 1,225,272,318.04 CNY in the previous year[36] - Cash outflow from operating activities increased to 2,192,645,030.33 CNY in Q1 2022, compared to 1,217,537,183.06 CNY in Q1 2021[36] - The net cash flow from investing activities was -371,325,474.19 CNY, an improvement from -456,632,529.33 CNY in the same quarter last year[38] - Cash inflow from financing activities reached 3,421,924,431.48 CNY, significantly higher than 1,898,021,089.12 CNY in Q1 2021[38] - The net cash flow from financing activities was 885,310,977.07 CNY, contrasting with a net outflow of -1,231,133,916.56 CNY in the previous year[38] - The ending balance of cash and cash equivalents was 2,216,293,209.30 CNY, compared to 1,132,378,771.39 at the end of Q1 2021[38] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,682, with the top ten shareholders holding significant stakes[21] - The largest shareholder, Tibet Zhihe Capital Management Co., Ltd., holds 240 million shares, accounting for 17.36% of the total share capital[26] Assets and Liabilities - The company's total current assets at the end of the reporting period amounted to RMB 7.864 billion, an increase from RMB 7.590 billion at the beginning of the year[30] - The company's total assets decreased to CNY 38,709,197,972.88 from CNY 38,840,591,539.79 at the end of the previous quarter[32] - The total liabilities increased to CNY 21,658,928,779.54 from CNY 21,113,503,890.67 in the previous quarter[32] - Long-term borrowings rose to CNY 3,508,956,676.27 from CNY 2,487,800,366.00, indicating increased leverage[32] - The total equity attributable to shareholders of the parent company was negative at CNY -2,056,866,478.60, compared to CNY -1,476,567,439.10 in the previous year[32] Research and Development - R&D investment has increased, focusing on innovations in folding, low power consumption, full-screen, ultra-thin, and high-quality display technologies[18] - Research and development expenses for the quarter were CNY 283,519,158.39, compared to CNY 245,322,423.26 in the same period last year, reflecting a focus on innovation[33] Product Development and Market Trends - The utilization rate of the Gu'an 6th generation flexible AMOLED production line has further improved, contributing to enhanced operational efficiency[17] - The company launched its first 1Hz low-power dynamic refresh rate AMOLED display, which is now in mass production for the Honor Magic 4 series[18] - The company's gross profit margin and cost management have significantly improved, indicating a positive trend in operational capability[19] - The penetration rate of AMOLED technology is continuously increasing, with terminal demand on a growth trajectory[19] - The company has established a partnership to set up a fund with a total commitment of RMB 250 million, with the company contributing RMB 49 million[29]