隆基绿能(601012) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was RMB 18,595,204,424.05, representing a 17.29% increase compared to RMB 15,854,205,451.51 in the same period last year[1] - The net profit attributable to shareholders was RMB 2,663,883,452.32, reflecting a 6.46% increase from RMB 2,502,196,754.00 year-on-year[1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 2,646,992,034.22, up 9.36% from RMB 2,420,523,311.52 in the previous year[1] - Total operating revenue for Q1 2022 reached ¥18,595,204,424.05, an increase of 17.4% compared to ¥15,854,205,451.51 in Q1 2021[18] - Net profit for Q1 2022 was ¥2,653,080,377.64, representing a 6.0% increase from ¥2,501,861,094.74 in Q1 2021[20] - The net profit for Q1 2022 was ¥1,029,623,905.13, compared to ¥1,063,044,790.26 in Q1 2021, reflecting a decrease of 3.1%[30] Assets and Liabilities - The company's total assets at the end of the reporting period were RMB 114,465,678,264.06, a 17.12% increase from RMB 97,734,879,281.67 at the end of the previous year[2] - The company's total current assets reached RMB 74.89 billion, up from RMB 58.95 billion at the end of 2021[15] - The company's total assets amounted to RMB 114.47 billion as of March 31, 2022, compared to RMB 97.73 billion at the end of 2021[15] - The company's total liabilities increased to RMB 49.87 billion in current liabilities as of March 31, 2022, compared to RMB 42.50 billion at the end of 2021[16] - Total liabilities increased to ¥63,712,523,717.34 in Q1 2022 from ¥50,148,006,257.57 in Q1 2021, reflecting a growth of 26.9%[17] - The company's total liabilities increased to CNY 28.99 billion from CNY 26.31 billion year-over-year, representing a growth of about 10.2%[27] Shareholder Information - The equity attributable to shareholders was RMB 50,624,649,024.07, which is a 6.70% increase from RMB 47,447,747,319.69 at the end of the previous year[2] - The company had a total of 543,783 common shareholders at the end of the reporting period[6] - Major shareholders included Li Zhenguo with 762,298,695 shares (14.08%) and Hong Kong Central Clearing Limited with 677,355,513 shares (12.51%) as of the reporting date[6] - Total equity attributable to shareholders reached ¥50,624,649,024.07 in Q1 2022, up from ¥47,447,747,319.69 in Q1 2021, marking a 4.6% increase[17] Cash Flow - The net cash flow from operating activities improved significantly, with a net outflow of RMB -309,175,954.68 compared to RMB -1,614,854,027.28 in the same period last year[5] - Cash flow from operating activities in Q1 2022 was ¥14,320,069,088.78, significantly higher than ¥8,495,963,873.80 in Q1 2021, indicating improved cash generation[22] - The total cash outflow from operating activities was CNY 16.01 billion, compared to CNY 11.55 billion in the same period last year, resulting in a net cash outflow of CNY 309.18 million[23] - The net cash inflow from operating activities was CNY 15.70 billion, an increase from CNY 9.94 billion in the previous year, reflecting a growth of approximately 57.7%[23] - The net cash flow from financing activities was CNY 7.58 billion, compared to a net outflow of CNY 2.77 billion in the same period last year[24] Production and Sales - In Q1 2022, the company shipped 18.36 GW of monocrystalline silicon wafers, with external sales of 8.42 GW and self-use of 9.94 GW, achieving a gross margin of 23.24% for silicon rods and wafers[9] - The company shipped 6.44 GW of monocrystalline modules, with external sales of 6.35 GW and self-use of 0.09 GW, achieving a gross margin of 19.27% for batteries and modules[9] - The company expects to ship 90-100 GW of monocrystalline silicon wafers and 50-60 GW of modules for the full year 2022[9] Research and Development - Research and development expenses for Q1 2022 were ¥215,098,705.08, an increase of 43.7% from ¥149,613,026.94 in Q1 2021, highlighting a focus on innovation[19] - Research and development expenses for Q1 2022 were ¥19,412,902.94, up from ¥17,028,305.40 in Q1 2021, indicating an increase of 13.9%[29] Corporate Actions - The company completed the sale of 100% equity of a subsidiary for RMB 68,488,960 to Sente Group, focusing on optimizing its BIPV business[10] - The company issued 70 million convertible bonds, raising a total of RMB 7 billion, with net proceeds of approximately RMB 6.96 billion after expenses[11] Accounting and Compliance - The company has adopted new accounting standards starting from 2022, impacting the financial statements[33] - The first quarter report was released on April 28, 2022, indicating a significant update in financial performance metrics[33] - The report includes a summary of key financial data, although specific figures are not provided in the document[33] - The company is focused on compliance with the new accounting regulations, ensuring accurate financial reporting[33] - The document emphasizes the importance of accurate financial disclosures under the new accounting framework[33] - Overall, the report serves as a formal announcement of the company's adherence to updated accounting practices[33]