BOE(200725)2022-04-27 16:00Financial Performance - Revenue for Q1 2022 was CNY 50,275,246,475, a 0.40% increase compared to CNY 49,655,379,519 in the same period last year[5] - Net profit attributable to shareholders decreased by 16.57% to CNY 5,260,529,397 from CNY 6,300,000,000 in the previous year[5] - Net profit excluding non-recurring gains and losses fell by 23.05% to CNY 4,563,426,308 compared to CNY 5,900,000,000 in the same period last year[5] - Basic earnings per share decreased by 24.16% to CNY 0.113 from CNY 0.149 in the same period last year[5] - Net profit for the current period was CNY 3,225,086,681, down from CNY 6,535,551,687, reflecting a decrease of about 50.7%[18] - The total profit for the current period was CNY 4,267,737,305, compared to CNY 7,460,076,504 in the previous period, a decline of approximately 42.9%[18] - The company reported a decrease in comprehensive income total to CNY 3,197,120,027 from CNY 6,616,573,450, a drop of about 51.7%[18] Cash Flow - Operating cash flow increased by 1.31% to CNY 14,755,368,710 from CNY 14,522,832,708 in the previous year[5] - The cash inflow from operating activities for Q1 2022 was CNY 59.14 billion, an increase of 15.5% compared to CNY 50.99 billion in the same period last year[19] - The net cash flow from operating activities was CNY 14.76 billion, slightly up from CNY 14.57 billion year-on-year[19] - The cash outflow from investment activities totaled CNY 21.56 billion, down from CNY 26.07 billion in the previous year, resulting in a net cash flow from investment activities of -CNY 7.31 billion[20] - The cash inflow from financing activities was CNY 13.70 billion, compared to CNY 16.05 billion in the same period last year[20] - The net cash flow from financing activities was CNY 1.73 billion, a slight increase from CNY 1.70 billion year-on-year[20] - The total cash and cash equivalents at the end of Q1 2022 reached CNY 85.92 billion, up from CNY 65.79 billion at the end of Q1 2021[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 457,064,241,891, a 1.52% increase from CNY 449,726,980,355 at the end of the previous year[5] - Total current assets increased to ¥171,105,803,428.00 from ¥161,239,345,649.00, representing a growth of approximately 5.4%[14] - Total liabilities increased to ¥234,143,299,919.00 from ¥232,853,836,888.00, showing a slight increase of about 0.6%[15] - The company's total equity rose to ¥222,920,941,972.00 from ¥217,378,766,517.00, marking an increase of approximately 2.5%[16] Shareholder Activities - The company reported a total of 499,999,919 shares repurchased, accounting for approximately 1.3330% of A-shares and 1.3005% of total share capital, with a total payment of approximately 2.62 billion RMB[11] - The company has completed its share repurchase plan as per the established guidelines, achieving the maximum number of shares intended for repurchase[11] - The company issued a total of 3,650,377,019 new shares in a private placement, which was listed on August 20, 2021[11] - The company announced a coupon rate of 3.50% for the first phase of its 2022 public issuance of perpetual bonds, amounting to 2 billion RMB[11] Expenses - Sales expenses increased by 31% year-on-year due to market expansion efforts[8] - Financial expenses decreased by 34% year-on-year due to repayment of bank loans[8] - Research and development expenses rose to CNY 2,806,213,073, up from CNY 2,212,994,970, indicating a significant increase of approximately 26.8%[17] - Tax expenses decreased to CNY 1,042,650,624 from CNY 924,524,817, an increase of about 12.8%[18] Other Income - Other income increased by 73% year-on-year primarily due to an increase in government subsidies during the reporting period[8] - Other income rose significantly to CNY 1,094,340,931 from CNY 633,790,180, representing an increase of approximately 72.8%[17] - Investment income increased to CNY 117,605,433 from CNY 4,191,862, showing a substantial growth of approximately 2,703.5%[17]