HAERS(SZ:002615)2022-04-25 16:00Financial Performance - The company's revenue for Q1 2022 was CNY 565,442,424.94, representing a 15.67% increase compared to CNY 488,829,503.96 in the same period last year[2] - Net profit attributable to shareholders was CNY 30,809,592.31, up 20.50% from CNY 25,568,451.91 year-on-year[2] - Basic earnings per share increased by 16.67% to CNY 0.07 from CNY 0.06 in the same period last year[2] - Total operating revenue for the first quarter was CNY 565,442,424.94, an increase of 15.6% compared to CNY 488,829,503.96 in the same period last year[16] - Net profit for the quarter reached CNY 30,309,386.78, representing a 23.5% increase from CNY 24,577,048.75 in the previous year[16] - The total comprehensive income attributable to the parent company for Q1 2022 was CNY 30,199,298.84, up from CNY 22,239,659.34, reflecting a growth of 35.9% year-over-year[17] Cash Flow - The net cash flow from operating activities decreased by 55.16%, amounting to CNY 49,903,924.26, compared to CNY 111,292,098.83 in the previous year[8] - Operating cash flow for Q1 2022 was CNY 49,903,924.26, a decrease of 55.2% from CNY 111,292,098.83 in Q1 2021[19] - Cash inflow from operating activities totaled CNY 664,867,453.53, compared to CNY 532,045,796.64 in the previous year, marking an increase of 25%[19] - Cash and cash equivalents at the end of Q1 2022 amounted to CNY 687,517,276.94, up from CNY 591,754,428.46, representing a growth of 16.1%[20] - The net cash flow from financing activities was CNY 16,227,506.87, compared to a net outflow of CNY 22,910,543.42 in Q1 2021, showing a significant turnaround[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,330,732,839.78, a slight increase of 0.01% from CNY 2,330,384,369.13 at the end of the previous year[2] - Cash and cash equivalents at the end of the period were CNY 697,039,777.20, up from CNY 666,562,817.93 at the beginning of the year, reflecting a growth of 4.4%[14] - Accounts receivable decreased slightly to CNY 152,682,260.66 from CNY 152,792,947.75, indicating a marginal decline of 0.1%[14] - Inventory increased to CNY 525,691,023.26 from CNY 515,725,507.29, marking a rise of 1.9%[14] - Short-term borrowings rose to CNY 328,606,168.43 from CNY 307,837,098.67, an increase of 6.5%[15] - Total liabilities decreased to CNY 1,355,396,376.51 from CNY 1,386,569,465.09, a reduction of 2.2%[15] - The total assets at the end of the period were CNY 2,330,732,839.78, slightly up from CNY 2,330,384,369.13 at the beginning of the year[14] Investment and Expenses - The company experienced a 90.27% decrease in investment income compared to the previous year, primarily due to reduced forward foreign exchange settlement income[8] - The company reported R&D expenses of CNY 24,270,432.26, which is an increase of 26.5% compared to CNY 19,191,090.62 from the previous year[16] - Total operating costs amounted to CNY 527,254,287.19, up 15.9% from CNY 454,948,004.89 year-over-year[16] - The total cash outflow from investing activities was CNY 21,045,237.76, a decrease from CNY 63,226,103.87 in the previous year[19] Other Financial Metrics - Non-recurring gains and losses totaled CNY 3,139,721.16, with significant contributions from government subsidies and tax refunds[5] - The weighted average return on equity was 3.23%, slightly up from 3.12% in the previous year[2] - The company reported a decrease in other comprehensive income, with a net amount of CNY -610,293.47 for Q1 2022, compared to CNY -3,328,792.57 in the previous year[17] - The company’s prepayments increased by 99.71%, mainly due to higher prepayments for electronic components and equipment[7]