RHI(SZ:002483)2022-04-25 16:00Revenue and Profit - Revenue for Q1 2022 was CNY 898,335,476.29, an increase of 3.51% compared to CNY 867,903,994.93 in the same period last year[3] - Net profit attributable to shareholders decreased by 47.25% to CNY 49,180,629.69 from CNY 93,235,029.67 year-on-year[3] - Net profit for Q1 2022 was CNY 57,266,793.09, a decrease of 42.7% from CNY 99,837,933.56 in Q1 2021[21] - The company reported a decrease in comprehensive income to CNY 56,438,883.27 from CNY 98,610,924.70 in the same quarter last year, a decline of 42.7%[22] - Earnings per share for Q1 2022 were CNY 0.05, down from CNY 0.10 in Q1 2021[22] Cash Flow and Liquidity - Net cash flow from operating activities improved significantly to CNY 229,192,425.93, a 368.87% increase from a negative CNY 85,242,643.77 in the previous year[8] - Total cash inflow from operating activities reached ¥1,290,099,803.25, up from ¥786,170,373.33 year-over-year[23] - Cash outflow for operating activities was ¥1,060,907,377.32, compared to ¥871,413,017.10 in Q1 2021[23] - The net cash flow from investing activities was ¥214,696,674.48, recovering from a net outflow of ¥53,542,840.03 in the previous year[24] - The total cash and cash equivalents at the end of the period amounted to ¥1,211,611,710.49, up from ¥603,395,944.03 at the end of Q1 2021[24] Assets and Liabilities - Total assets increased by 10.73% to CNY 8,969,235,379.19 from CNY 8,099,961,197.87 at the end of the previous year[3] - The total current assets increased to CNY 5,121,960,169.87 from CNY 4,271,478,817.17, representing a growth of approximately 19.9%[16] - Total liabilities as of Q1 2022 amounted to CNY 4,576,550,349.93, compared to CNY 3,766,216,515.07 in the previous year, reflecting a 21.5% increase[21] - The company’s total liabilities increased, with contract liabilities rising by 47.57% to CNY 1,479,394,756.63, driven by an increase in advance sales payments[7] - The company reported a total of CNY 1,479,394,756.63 in contract liabilities, which increased from CNY 1,002,488,281.18, showing a growth of approximately 47.5%[17] Research and Development - Research and development expenses rose by 69.76% to CNY 35,866,935.20, reflecting increased investment in R&D[7] - The company's R&D expenses increased to CNY 35,866,935.20, representing a 69.9% rise from CNY 21,127,905.33 in the previous year[21] Financial Performance - Total operating revenue for Q1 2022 was CNY 898,335,476.29, an increase of 3.3% compared to CNY 867,903,994.93 in Q1 2021[20] - Total operating costs for Q1 2022 were CNY 835,960,019.11, up 9.6% from CNY 762,429,069.64 in the same period last year[21] - Financial expenses for Q1 2022 were CNY 18,369,441.58, which is a significant increase from CNY 10,121,674.24 in Q1 2021[21] Legal and Outstanding Payments - The company has initiated legal proceedings to recover outstanding payments totaling CNY 4,002.31 million related to equity repurchase agreements[13] - Jiangsu Runbang Heavy Industry Co., Ltd. is actively pursuing the collection of remaining equity transfer payments amounting to CNY 559.80 million[14] Other Financial Metrics - The weighted average return on equity decreased to 1.15% from 2.33% year-on-year, a decline of 1.18%[3] - The company’s deferred income tax liabilities rose to CNY 26,338,232.09 from CNY 21,272,249.74, an increase of 23.8% year-over-year[21] - The company experienced a 91.72% decrease in trading financial assets, dropping to CNY 20,597,210.37, mainly due to the redemption of financial products[7]