双良节能(600481) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,734,206,639.42, representing a 299.50% increase compared to the same period last year[6]. - The net profit attributable to shareholders was ¥120,865,177.67, showing a 340.80% increase year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥100,896,689.12, reflecting a significant increase of 638.43%[6]. - The basic earnings per share for the period was ¥0.0743, up by 339.50% compared to the previous year[6]. - The net profit for the first quarter of 2022 was CNY 135,701,445.56, compared to CNY 27,718,092.30 in the same period of 2021, representing a significant increase[40]. - The total comprehensive income for the first quarter of 2022 was CNY 136,848,295.48, up from CNY 29,926,515.76 in the previous year[42]. - The basic and diluted earnings per share for the first quarter of 2022 were both CNY 0.0743, compared to CNY 0.0169 in the first quarter of 2021[42]. - The company reported a significant increase in sales revenue from CNY 795,239,640.19 in the first quarter of 2022 compared to CNY 425,830,656.16 in the same period of 2021[41]. Cash Flow and Assets - The company reported a net cash flow from operating activities of -¥317,199,618.89, a decrease of 62.21% compared to the previous year[6]. - Cash inflow from operating activities for the first quarter of 2022 was CNY 843,772,664.98, compared to CNY 468,222,793.43 in the same period of 2021[41]. - Cash outflow from operating activities totaled CNY 1,160,972,283.87 in the first quarter of 2022, compared to CNY 663,772,319.30 in the previous year[45]. - The net cash flow from investing activities was CNY -153,314,283.85 for the first quarter of 2022, compared to CNY -14,317,823.66 in the same period of 2021[47]. - The net cash flow from financing activities was CNY 307,695,730.59 in the first quarter of 2022, compared to CNY 247,284,253.54 in the previous year[47]. - The cash and cash equivalents at the end of the first quarter of 2022 were CNY 832,552,416.07, down from CNY 1,033,532,846.43 at the end of the first quarter of 2021[47]. - Total assets at the end of the reporting period were ¥10,325,644,854.42, a 14.84% increase from the end of the previous year[9]. - The total current assets increased to ¥5,939,017,507.42 from ¥4,953,353,321.39, reflecting a growth of approximately 20%[35]. - Total liabilities rose to ¥7,730,233,478.95 in Q1 2022, compared to ¥6,532,683,855.31 in Q1 2021, marking an increase of about 18%[35]. - The company's accounts receivable increased to approximately RMB 1.17 billion as of March 31, 2022, compared to RMB 1.08 billion at the end of 2021, reflecting a growth of about 8.5%[28]. - The company’s prepayments surged to approximately RMB 590.56 million, significantly up from RMB 260.07 million in the previous year, marking an increase of over 127%[28]. Research and Development - Research and development expenses increased by 173.57%, driven by the company's efforts to explore new products and market areas[15]. - Research and development expenses for Q1 2022 were ¥57,114,689.15, significantly higher than ¥20,877,573.44 in Q1 2021, showing a focus on innovation[37]. Investments and Projects - The company has signed a framework contract with Tongwei Solar for the procurement of 1.048 billion monocrystalline silicon wafers from January 2022 to December 2024[24]. - The company won a bid for a polysilicon reduction furnace project with a total contract value of RMB 555.66 million, which includes tax[24]. - The company plans to achieve a total production capacity of over 40GW by 2023, leveraging its scale advantages[27]. - The company has established a wholly-owned subsidiary for a 20GW high-efficiency photovoltaic module project, with the first phase of 5GW expected to require an investment of approximately RMB 1.5 billion[27]. - The company has initiated the second phase of its 40GW monocrystalline silicon project with a total investment of RMB 6.2 billion, expected to be completed within two years[24]. - The company achieved approximately 0.9GW in shipments of silicon rods/wafers (182/210mm) in the first quarter of 2022[27]. Operational Costs - The company experienced a 383.90% increase in operating costs, attributed to the "dual carbon" policy and new project launches[15]. - Total operating costs for Q1 2022 were ¥1,595,411,852.14, up from ¥406,690,900.70 in Q1 2021, indicating an increase of about 293%[37].