SHRC(600392)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was RMB 4,340,373,220.19, representing an increase of 84.57% compared to the same period last year[2]. - The net profit attributable to shareholders of the listed company reached RMB 712,596,796.48, up 129.37% year-on-year[2]. - Basic earnings per share were RMB 0.4065, reflecting a growth of 126.84% year-on-year[2]. - Operating profit for Q1 2022 was ¥853,078,016.10, up from ¥376,090,122.60 in Q1 2021, reflecting a growth of 126.5%[15]. - The company reported a total comprehensive income of ¥972,928,877.57 for Q1 2022, compared to ¥311,944,565.05 in Q1 2021, reflecting a substantial increase of 211.5%[15]. - Total comprehensive income for the first quarter of 2022 reached CNY 1,693,622,451.47, a significant increase from CNY 632,605,007.77 in the same period of 2021, representing a growth of approximately 168%[16]. Cash Flow - The net cash flow from operating activities was RMB 1,178,518,647.69, showing a significant increase of 520.42% compared to the previous year[2]. - Cash inflow from operating activities totaled CNY 4,719,843,293.92, up from CNY 2,440,649,391.22 in the previous year, indicating a growth of approximately 93%[17]. - Net cash flow from operating activities was CNY 1,178,518,647.69, a turnaround from a negative cash flow of CNY -280,322,441.33 in the first quarter of 2021[18]. - Cash and cash equivalents at the end of the first quarter of 2022 amounted to CNY 3,089,765,200.38, compared to CNY 866,939,175.37 at the end of the first quarter of 2021, marking an increase of about 256%[19]. - The company reported a net increase in cash and cash equivalents of CNY 1,207,697,868.72 for the first quarter of 2022, compared to CNY 354,257,357.24 in the same period of 2021, representing a growth of approximately 241%[19]. Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 17,350,793,480.90, an increase of 14.54% from the end of the previous year[3]. - The total liabilities increased to CNY 10.07 billion, compared to CNY 8.16 billion in the previous year, indicating a growth of about 23.4%[11]. - Total liabilities as of Q1 2022 amounted to ¥5,660,639,880.39, an increase from ¥5,152,442,736.90 in Q1 2021, representing a growth of 9.8%[12]. - The company’s total current assets reached CNY 10.07 billion, compared to CNY 9.16 billion, representing an increase of approximately 9.9%[11]. - Cash and cash equivalents reached CNY 3.46 billion, compared to CNY 2.25 billion in the previous year, indicating a year-over-year increase of about 54%[10]. Equity and Investments - The equity attributable to shareholders of the listed company was RMB 10,911,562,765.03, which is a 16.55% increase compared to the previous year[3]. - The company’s long-term equity investments increased to CNY 419.31 million, up from CNY 397.82 million, reflecting a growth of about 5.4%[11]. - The company reported a significant increase in other equity instrument investments, rising to CNY 5.24 billion from CNY 4.09 billion, an increase of approximately 27.9%[11]. - Total equity attributable to shareholders of the parent company reached ¥10,911,562,765.03 in Q1 2022, up from ¥9,361,844,395.92 in Q1 2021, indicating a growth of 16.5%[12]. Operational Efficiency - The increase in operating revenue and net profit was primarily driven by rising rare earth prices and improved gross margins[6]. - The company reported a decrease in accounts receivable and an increase in advance payments, contributing to the significant rise in cash flow from operations[6]. - Research and development expenses in Q1 2022 totaled ¥205,410,169.60, which is a 125.5% increase from ¥91,363,837.19 in Q1 2021[14]. - The total cost of operations for Q1 2022 was ¥3,455,708,859.75, which is an increase of 75.7% from ¥1,967,388,962.42 in Q1 2021[14]. Shareholder Actions - The company completed the cancellation of 2,340,497 repurchased shares on April 19, 2022, as part of a capital reduction plan approved by the board[9]. - Short-term borrowings decreased to CNY 1.65 billion from CNY 1.74 billion, a reduction of approximately 5.5%[11].