SQM(688138)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥148,599,692.61, representing a year-on-year increase of 34.28%[5] - The net profit attributable to shareholders was ¥13,277,426.67, reflecting a growth of 5.03% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses decreased by 10.23% to ¥9,503,824.54[5] - Total operating revenue for Q1 2022 was CNY 148,599,692.61, an increase of 34.3% compared to CNY 110,661,580.55 in Q1 2021[21] - Net profit for Q1 2022 reached CNY 13,277,426.67, a slight increase of 5.0% from CNY 12,641,875.71 in Q1 2021[22] - Operating profit for Q1 2022 was CNY 15,061,026.55, compared to CNY 14,818,913.65 in Q1 2021, reflecting a growth of 1.6%[22] Cash Flow and Liquidity - The net cash flow from operating activities was ¥7,937,777.92, showing a significant decline of 62.04%[5] - Cash flow from operating activities for Q1 2022 was CNY 7,937,777.92, down 62.0% from CNY 20,913,504.57 in Q1 2021[26] - The company reported a net decrease in cash and cash equivalents of -23,742,707.78, compared to a decrease of -24,779,281.77 in the previous year[27] - The ending balance of cash and cash equivalents was 125,222,220.50, down from 148,964,928.28 at the beginning of the period[27] - The impact of exchange rate changes on cash and cash equivalents was -447,677.49, compared to -730,030.04 in the previous year[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,535,760,578.51, an increase of 0.81% from the end of the previous year[6] - The total current assets as of March 31, 2022, amounted to RMB 428,479,025.35, showing an increase from RMB 418,650,044.58 at the end of 2021, representing a growth of approximately 1.98%[17] - Accounts receivable increased to RMB 167,450,325.37 from RMB 154,321,737.17, reflecting a rise of about 8.23%[17] - Inventory levels rose significantly to RMB 114,954,766.92, compared to RMB 87,368,651.97, indicating an increase of approximately 31.73%[17] - Total liabilities decreased slightly to RMB 323,731,651.35 from RMB 324,735,524.35, a reduction of about 0.31%[18] - The company's cash and cash equivalents decreased to RMB 125,222,220.50 from RMB 154,864,928.28, a decline of approximately 19.25%[16] - The total assets as of March 31, 2022, were RMB 1,535,760,578.51, up from RMB 1,523,487,024.84, reflecting an increase of about 0.80%[17] - The company reported a total non-current asset value of RMB 1,107,281,553.16, which is slightly up from RMB 1,104,836,980.26, indicating a growth of approximately 0.22%[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,141[10] - The largest shareholder, Hong Kong Guangmo Limited, held 36.97% of the shares, totaling 98,636,400 shares[11] - The company’s total equity remained stable at RMB 266,800,000.00, consistent with the previous reporting period[18] Research and Development - Research and development expenses totaled ¥8,925,338.68, accounting for 6.01% of operating revenue, a decrease of 2.64 percentage points year-on-year[6] - Research and development expenses for Q1 2022 were CNY 8,925,338.68, a decrease of 6.7% from CNY 9,567,179.59 in Q1 2021[21] Market and Operational Insights - The company experienced a decline in production scale and profitability due to the COVID-19 pandemic in Shenzhen, while its subsidiary saw an increase in sales volume[9] - The company has not disclosed any significant new product developments or market expansion strategies during this reporting period[15] Financial Expenses - The company reported a decrease in financial expenses, with a net financial cost of CNY -895,154.09 compared to CNY -1,624,846.73 in Q1 2021[22] - Net cash flow from financing activities was negative at -1,312,077.40, while cash inflow from financing activities totaled 58,443,078.28[27] - The company distributed dividends and interest payments totaling 1,312,077.40, with 902,872.49 paid to minority shareholders[27]