通威股份(600438) - 2022 Q1 - 季度财报

Financial Performance - Revenue for Q1 2022 reached ¥24,685,190,176.42, an increase of 132.49% compared to the same period last year[2] - Net profit attributable to shareholders was ¥5,194,494,567.14, reflecting a significant increase of 513.01% year-over-year[2] - Basic earnings per share for the quarter were ¥1.1539, up 513.12% from the previous year[2] - Total operating revenue for Q1 2022 reached ¥24,685,190,176.42, a significant increase from ¥10,617,725,141.89 in Q1 2021, representing a growth of approximately 132.5%[18] - Operating income for Q1 2022 reached ¥6.88 billion, compared to ¥1.05 billion in the same period last year, indicating a year-over-year increase of approximately 552%[19] - The total comprehensive income for Q1 2022 was approximately ¥5.82 billion, compared to ¥892.06 million in Q1 2021, indicating a year-over-year increase of over 550%[19] - The company’s total profit for Q1 2022 was approximately ¥6.87 billion, compared to ¥1.05 billion in Q1 2021, showing a growth of about 553%[19] Assets and Liabilities - Total assets at the end of Q1 2022 amounted to ¥103,944,687,425.45, representing a growth of 17.78% from the end of the previous year[4] - Total assets reached RMB 103.94 billion, compared to RMB 88.25 billion at the end of 2021, reflecting a growth of 18%[15] - The company’s total liabilities increased to ¥54,325,489,302.93 in Q1 2022 from ¥46,593,391,984.00 in Q1 2021, marking an increase of about 16.7%[17] - Non-current liabilities rose to ¥27,956,681,148.61 in Q1 2022, up from ¥18,233,745,574.09 in Q1 2021, which is an increase of approximately 53.5%[17] - The total liabilities to total assets ratio is approximately 52.8%, indicating a moderate level of leverage[25] Cash Flow - Cash flow from operating activities was ¥3,248,916,632.41, an increase of 92.78% year-over-year[2] - Cash flow from operating activities amounted to ¥23.10 billion in Q1 2022, up from ¥10.12 billion in Q1 2021, reflecting a growth of about 128%[20] - The company reported a net cash outflow from investing activities of approximately ¥6.90 billion in Q1 2022, compared to a net outflow of ¥905.91 million in Q1 2021[21] - Cash and cash equivalents at the end of Q1 2022 totaled ¥10.72 billion, a significant increase from ¥5.52 billion at the end of Q1 2021, marking a growth of approximately 94%[21] - The company’s cash inflow from financing activities in Q1 2022 was approximately ¥14.96 billion, a substantial increase from ¥1.77 billion in Q1 2021[21] Inventory and Receivables - Accounts receivable rose to RMB 3.91 billion, up from RMB 2.92 billion, indicating a year-over-year increase of 34%[15] - The company’s inventory increased to RMB 6.57 billion, up from RMB 5.68 billion, marking a rise of 16%[15] - The inventory level stood at RMB 5,682,791,568.04, indicating the company's capacity to manage stock effectively[23] - The company reported accounts receivable of RMB 2,915,527,149.08, which is crucial for assessing cash flow and credit risk[22] Investments and Agreements - The company issued convertible bonds totaling RMB 12 billion for projects including high-purity crystalline silicon manufacturing and working capital supplementation[11] - The company signed long-term procurement agreements with Longi Green Energy for 203,600 tons of polysilicon, expected to generate approximately RMB 44.2 billion in sales revenue[12] Research and Development - Research and development expenses for Q1 2022 were ¥192,062,901.98, a decrease from ¥334,443,326.59 in Q1 2021, indicating a reduction of approximately 42.6%[18] Financial Position - The company’s total equity attributable to shareholders increased to ¥44,321,258,573.91 in Q1 2022 from ¥37,502,570,958.36 in Q1 2021, representing a growth of about 18.2%[17] - The company’s short-term borrowings decreased to RMB 1.00 billion from RMB 1.38 billion, a reduction of 27%[15] - The company has a total of RMB 1,388,757,870.41 in payable employee compensation, which is essential for understanding labor cost commitments[24] - The company has implemented accounting adjustments in accordance with new regulations effective January 1, 2022, impacting fixed assets and retained earnings[25]