索通发展(603612) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥3,185,343,593.90, representing an increase of 87.59% compared to the same period last year[6] - The net profit attributable to shareholders was ¥158,137,267.24, reflecting a growth of 44.21% year-on-year[6] - The basic earnings per share (EPS) was ¥0.34, which is a 36.00% increase compared to the previous year[6] - Total operating revenue for Q1 2022 reached ¥3,185,343,593.90, a significant increase of 87.7% compared to ¥1,697,990,701.23 in Q1 2021[35] - Net profit for Q1 2022 was ¥166,686,566.13, representing a 22.6% increase from ¥135,983,005.59 in Q1 2021[39] - Earnings per share for Q1 2022 were ¥0.34, up from ¥0.25 in Q1 2021, indicating a growth of 36%[41] - The company reported a total profit of 450,337,044.47 RMB in Q1 2022, compared to a total loss of -6,483,634.79 RMB in Q1 2021[58] Assets and Liabilities - Total assets at the end of the reporting period reached ¥13,630,489,379.12, marking a 12.27% increase from the end of the previous year[9] - The total assets of the company as of March 31, 2022, amounted to ¥13,630,489,379.12, an increase from ¥12,141,273,143.40 as of December 31, 2021, representing a growth of approximately 12.24%[24] - The company's current assets reached ¥8,666,633,661.63, up from ¥7,272,311,952.75, indicating a year-over-year increase of about 19.14%[28] - The total liabilities of the company were reported at ¥8,110,838,095.21, compared to ¥6,775,321,947.40 in the previous period, reflecting an increase of approximately 19.66%[31] - The company's short-term borrowings rose to ¥4,726,899,477.75 from ¥3,634,489,996.92, marking an increase of about 30.00%[31] - The company's total equity increased to 3,611,603,763.84 RMB from 3,163,820,529.64 RMB, indicating a stronger equity position[55] Cash Flow - The cash flow from operating activities showed a net outflow of ¥678,109,297.48, which is not applicable for year-on-year comparison[6] - Cash inflow from operating activities in Q1 2022 was ¥4,183,590,739.57, significantly higher than ¥1,577,064,834.12 in Q1 2021, showing a growth of 165.5%[43] - The net cash flow from operating activities was -678,109,297.48 RMB, compared to -544,626,771.10 RMB in the previous year, indicating a decline in operational performance[46] - Total cash inflow from investment activities was 2,571,294.30 RMB, while cash outflow was 231,405,924.01 RMB, resulting in a net cash flow from investment activities of -228,834,629.71 RMB[46] - Cash inflow from financing activities reached 2,707,305,001.86 RMB, with a net cash flow from financing activities of 802,517,186.76 RMB, showing an increase compared to the previous year[46] Inventory and Receivables - The company's inventory as of March 31, 2022, was valued at ¥3,798,520,031.23, compared to ¥3,187,886,220.66, showing an increase of approximately 19.14%[28] - The company's accounts receivable amounted to ¥1,665,356,697.71, slightly up from ¥1,633,909,152.62, indicating a growth of about 1.38%[24] - Accounts receivable rose to 491,256,725.52 RMB from 440,938,058.10 RMB, suggesting an increase in sales or credit extended to customers[49] - Inventory levels increased to 488,667,530.65 RMB from 360,152,082.46 RMB, which may indicate higher production or slower sales[49] Shareholder Information - The company reported a total of 92,873,004 shares held by major shareholder Lang Guanghui, representing a significant portion of the total shares[19] - The company has established action agreements among major shareholders to ensure unified voting rights, enhancing governance and decision-making efficiency[22] Research and Development - Research and development expenses for Q1 2022 amounted to ¥30,188,462.44, an increase of 15.8% from ¥26,051,258.00 in Q1 2021[35] - Research and development expenses increased to 11,153,403.13 RMB in Q1 2022, up 46.5% from 7,600,443.33 RMB in Q1 2021[57] Financial Expenses - The company's financial expenses increased by 90.07%, attributed to higher bank borrowings due to increased production capacity[14] - The company’s financial expenses included interest expenses of 3,407,492.05 RMB in Q1 2022, compared to 2,194,347.22 RMB in Q1 2021[57] - The company's sales expenses decreased to 2,339,116.63 RMB in Q1 2022 from 4,967,671.10 RMB in Q1 2021, reflecting improved cost management[57]