ZCE(600121)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,092,464,640.29, representing a year-on-year increase of 31.41%[4] - The net profit attributable to shareholders was CNY 50,355,531.43, with a significant increase in coal revenue and gross margin contributing to this growth[7] - The total profit for Q1 2022 was ¥152,557,999.75, a significant increase from ¥10,192,035.58 in Q1 2021, representing a growth of approximately 1,397%[18] - The net profit for Q1 2022 reached ¥109,877,928.85, compared to a net loss of ¥751,893.77 in Q1 2021, indicating a turnaround in profitability[18] - Operating profit for Q1 2022 was CNY 149,744,577.07, compared to CNY 9,852,287.81 in Q1 2021, indicating significant growth[17] - The basic and diluted earnings per share were both CNY 0.0413, driven by the increase in net profit attributable to shareholders[4] - The company reported a basic earnings per share of ¥0.0413 in Q1 2022, compared to a loss per share of ¥0.0262 in Q1 2021[18] Cash Flow and Liquidity - The net cash flow from operating activities reached CNY 328,891,590.81, indicating improved profitability and strong customer payments during the reporting period[7] - The net cash flow from operating activities for Q1 2022 was ¥328,891,590.81, a recovery from a net cash outflow of ¥153,064,098.00 in Q1 2021[21] - Cash and cash equivalents as of March 31, 2022, were CNY 3,537,005,346.48, an increase from CNY 3,072,319,600.00 at the end of 2021[12] - Cash and cash equivalents at the end of Q1 2022 were ¥790,261,232.16, up from ¥330,776,428.71 at the end of Q1 2021, indicating a growth of approximately 138%[22] - The net cash flow from financing activities for Q1 2022 was -¥125,052,449.88, a decrease from a positive cash flow of ¥52,816,012.91 in Q1 2021[22] Assets and Liabilities - Total assets at the end of Q1 2022 amounted to CNY 13,822,347,493.86, reflecting a 2.28% increase compared to the end of the previous year[5] - Total assets as of March 31, 2022, were CNY 13,822,347,493.86, up from CNY 13,514,418,305.15 at the end of 2021[14] - Total liabilities increased to CNY 11,148,900,511.22 from CNY 10,988,220,805.52 at the end of 2021, reflecting increased borrowing[14] - The company incurred a loss of CNY 673,303,231.08 in retained earnings, an improvement from a loss of CNY 723,658,762.51 at the end of 2021[14] - The company’s total liabilities increased, with cash received from borrowings amounting to ¥348,930,569.50 in Q1 2022, down from ¥864,550,802.88 in Q1 2021[22] Shareholder Information - The company had a total of 99,323 common shareholders at the end of the reporting period[9] - The largest shareholder, Zhengzhou Coal Industry (Group) Co., Ltd., held 57.65% of the shares, with 388,230,000 shares pledged[9] Operating Costs and Efficiency - Total operating costs for Q1 2022 were CNY 960,668,029.04, up 19.2% from CNY 805,928,493.06 in Q1 2021[17] - Accounts receivable decreased to CNY 1,304,651,778.49 from CNY 1,400,216,124.65 at the end of 2021, reflecting improved collection efficiency[12] - Inventory decreased to CNY 161,717,109.37 from CNY 236,632,656.51 at the end of 2021, indicating better inventory management[12] - The company incurred operating expenses of ¥889,311,593.93 in Q1 2022, slightly higher than ¥836,268,599.01 in Q1 2021[21] Revenue Drivers - The increase in operating revenue was primarily due to the rise in commodity coal prices compared to the same period last year[7] - Sales revenue from goods and services received cash amounted to ¥1,189,185,625.42 in Q1 2022, up from ¥647,413,497.74 in Q1 2021, reflecting an increase of approximately 83.5%[21]