Financial Performance - The company's operating revenue for the first quarter reached RMB 3,508,900,799.31, representing a year-on-year increase of 70.61%[3] - Net profit attributable to shareholders of the listed company was RMB 436,710,292.28, showing a decline of 47.88% compared to the same period last year[3] - Operating profit for Q1 2022 was RMB 495,354,805.21, down 48.7% from RMB 960,453,997.20 in Q1 2021[19] - Net profit for Q1 2022 decreased to RMB 436,710,292.28, a decline of 48.1% from RMB 837,817,793.99 in Q1 2021[20] - The company reported a basic earnings per share of ¥0.20 for Q1 2022, down from ¥0.40 in Q1 2021[20] - The weighted average return on net assets was 3.63%, a decrease of 5.22 percentage points compared to the previous year[3] - The company reported a significant increase in prepayments, which decreased to RMB 255,542,128.29 from RMB 692,261,958.13, a decline of about 63.1%[17] - Total comprehensive income for Q1 2022 was approximately ¥425.44 million, down from ¥840.01 million in Q1 2021, reflecting a significant decline[43] Cash Flow and Liquidity - The net cash flow from operating activities amounted to RMB 561,180,640.32, reflecting a significant increase of 303.98% year-on-year[3] - The company reported a net cash outflow from investing activities of RMB -3,739,517,256.32, worsening from RMB -1,801,485,368.61 in the same period last year[22] - Cash inflow from operating activities in Q1 2022 was approximately ¥1.56 billion, an increase of 34% from ¥1.16 billion in Q1 2021[45] - The net cash flow from financing activities for Q1 2022 was approximately ¥2.56 billion, an increase of 22% compared to ¥2.09 billion in Q1 2021[46] - The company's cash and cash equivalents decreased to RMB 2,233,526,819.08 from RMB 2,842,677,267.48, reflecting a decline of about 21.4%[17] - Cash and cash equivalents at the end of Q1 2022 were approximately ¥1.48 billion, down from ¥1.57 billion at the end of Q1 2021[46] Assets and Liabilities - Total assets at the end of the reporting period were RMB 23,398,430,901.13, up 16.51% from the end of the previous year[4] - Total liabilities increased to ¥11,151,304,570.10 as of March 31, 2022, up 34.4% from ¥8,272,748,027.71 at the end of 2021[18] - Current liabilities totaled ¥7,610,536,966.32, an increase of 23.5% from ¥6,164,462,497.43 at the end of 2021[18] - Long-term borrowings rose to ¥3,197,800,000.00, a 62.5% increase from ¥1,967,748,428.04 at the end of 2021[18] - The company's total equity attributable to shareholders was RMB 12,247,126,331.03, an increase of 3.70% from the previous year[4] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 41,445[6] - The top ten shareholders held a total of 1,392,108,880 shares, representing 66.18% of the total shareholding[30] - The company plans to issue up to 76,000,000 new H-shares, which would represent approximately 3.5% of the total issued share capital as of the board meeting date[12] Investments and Acquisitions - The company completed the acquisition of 100% equity in Anhui Dahua Dongfang Mining Co., Ltd. and Anhui Sanli Mining Co., Ltd. for a total consideration of RMB 3,343,947,600[14] - The company plans to issue A-share convertible bonds with a total amount not exceeding RMB 4,000 million, which has been approved by the relevant authorities[15] Operational Metrics - The company experienced a 196.64% increase in operating costs, primarily due to rising raw material and energy costs[5] - The company’s accounts receivable increased by 99.16%, driven by a substantial growth in operating revenue[5] - Inventory levels decreased to RMB 1,362,728,365.85 from RMB 2,276,469,528.29, indicating a reduction of about 40.2%[17] - Research and development expenses for Q1 2022 were ¥100,731,583.77, up 8.5% from ¥92,827,454.78 in Q1 2021[19] - Trading financial assets decreased by 100.00% due to the redemption of funds raised for financial management[28]
福莱特玻璃(06865) - 2022 Q1 - 季度财报