DHHI(002204)2022-04-26 16:00Revenue and Profit - Revenue for Q1 2022 reached ¥2,153,002,330.43, an increase of 23.45% compared to the previous year[4] - Net profit attributable to shareholders was ¥69,871,353.81, representing a 156.04% increase year-over-year[4] - Net profit excluding non-recurring items was ¥34,110,446.09, up 400.53% from the same period last year[4] - Basic earnings per share increased to ¥0.0362, a rise of 156.74% year-over-year[4] - Total profit for the period was ¥80,082,620.26, marking a 127.71% increase year-on-year[10] - Net profit for the current period was ¥68,221,887.33, a significant increase from ¥25,179,455.43 in the previous period, representing a growth of 170.5%[37] - The total profit for the current period was ¥80,082,620.26, an increase of 127.7% from ¥35,168,141.01 in the previous period[33] Cash Flow - The company reported a net cash flow from operating activities of -¥122,324,598.33, a decrease of 185.63% compared to the previous year[4] - The company reported a net cash outflow from operating activities of ¥122,324,598.33, compared to a net inflow of ¥142,849,981.88 in the previous period[41] - Cash flow from investment activities showed a net inflow of ¥47,460,026.01, a remarkable increase of 3,695.76% due to the maturity of entrusted financial products[10] - Net cash flow from investing activities amounted to 1,250,343.00 compared to the previous period[44] - The net increase in cash and cash equivalents was -¥78,267,471.73, contrasting with a net increase of ¥139,511,380.49 in the previous period[44] Assets and Liabilities - Total assets at the end of the reporting period were ¥20,592,723,346.66, reflecting a 4.30% increase from the end of the previous year[4] - Total current assets increased to ¥16,885,746,596.42 from ¥16,017,149,316.26, representing a growth of approximately 5.4%[25] - Total liabilities increased to ¥14,045,276,786.61 from ¥13,268,806,968.58, reflecting a growth of approximately 5.8%[29] - Total equity attributable to shareholders increased to ¥6,635,290,047.47 from ¥6,560,768,223.28, marking an increase of about 1.1%[29] Research and Development - R&D expenses for the quarter were ¥101,860,002.65, an increase of 46.50% compared to the same period last year[7] - Research and development expenses increased to ¥101,860,002.65, up 46.5% from ¥69,529,325.23 in the previous period[33] Investments and Acquisitions - The company invested RMB 32 million in its subsidiary for the Shanxi Qingxu Spare Parts Center project to enhance after-sales service capabilities[18] - The company plans to acquire minority stakes in Dalian Huari Crankshaft Co., with a total bid of RMB 3, aiming to improve control and decision-making efficiency[19] - A joint venture named Dalian Huari Zhiyi Technology Co., with a registered capital of RMB 10 million, was established to promote the intelligent upgrade of electric furnace products[19] Shareholder Information - The company’s major shareholder, Dalian Heavy Industry Group Co., Ltd., holds a 55.71% stake, indicating strong control over the company[14] Financial Performance and Ratios - The company achieved a gross profit margin of approximately 19.5% for the current period, compared to 19.0% in the previous period[33] - Investment income surged by 51.18% to ¥1,955,832.59, primarily due to returns from entrusted financial products[10] - Other comprehensive income after tax for the current period was ¥2,647,516.22, compared to a loss of ¥484,569.30 in the previous period[37] Miscellaneous - The first quarter report was not audited, indicating a lack of external verification for the financial data presented[45] - The company has not incurred any interest payments this period, reflecting a lack of bank loans[10] - The company is engaged in ongoing investment activities, with significant cash outflows related to these investments[44]