宝新能源(000690) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥2,215,923,314.93, representing a 10.50% increase compared to ¥2,005,416,323.52 in the same period last year[3] - Net profit attributable to shareholders decreased by 95.87% to ¥3,750,171.21 from ¥90,757,477.55 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥34,642,921.58, down 80.10% from ¥174,106,819.59 in the previous year[3] - Total operating revenue for Q1 2022 was CNY 2,215,923,314.93, an increase of 10.5% compared to CNY 2,005,416,323.52 in Q1 2021[27] - Total operating costs for Q1 2022 were CNY 2,185,027,398.81, up 24.5% from CNY 1,754,342,750.20 in the same period last year[27] - Net profit for Q1 2022 was CNY 3,750,171.21, a significant decrease of 95.9% compared to CNY 90,757,477.55 in Q1 2021[30] - Earnings per share for Q1 2022 were CNY 0.0017, down from CNY 0.04 in Q1 2021[30] - The company reported a gross profit margin of approximately 1.4% for Q1 2022, down from the previous year's margin[27] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥19,271,688,027.41, a decrease of 2.07% from ¥19,678,074,234.63 at the end of the previous year[3] - Current assets decreased from CNY 6,803,108,232.77 to CNY 6,534,119,090.24, primarily due to a reduction in cash and cash equivalents from CNY 4,779,327,668.37 to CNY 4,549,748,328.38[17] - Total liabilities increased from CNY 7,804,106,234.63 to CNY 7,533,119,090.24, with short-term borrowings rising from CNY 1,282,912,912.86 to CNY 1,326,475,513.42[20] - Total liabilities as of the reporting date were CNY 8,095,317,356.59, down from CNY 8,505,453,735.02 at the end of the previous period[23] - The total equity of the company as of March 31, 2022, was CNY 11,738,581,937.17, down from CNY 11,873,968,001.86 at the beginning of the year[20] - Total equity attributable to shareholders of the parent company was CNY 11,176,370,670.82, slightly up from CNY 11,172,620,499.61 in the previous period[23] Cash Flow - The cash flow from operating activities was ¥441,951,223.37, an increase of 5.66% compared to ¥418,292,477.67 in the same period last year[3] - Cash flow from operating activities for Q1 2022 was CNY 2,636,863,437.26, compared to CNY 2,153,493,976.03 in Q1 2021, reflecting an increase of 22.5%[30] - Operating cash inflow totaled $2,806,727,333.17, an increase from $2,181,507,050.59 in the previous period, reflecting a growth of approximately 28.5%[33] - Operating cash outflow amounted to $2,364,776,109.80, compared to $1,763,214,572.92, representing an increase of about 34.1%[33] - Net cash flow from operating activities was $441,951,223.37, slightly up from $418,292,477.67, indicating a growth of around 5.0%[33] Investment Activities - The company's investment cash outflow decreased by 89.26% to ¥165,000,000.00 from ¥1,536,473,000.98 in the previous year, indicating a reduction in investments[7] - Cash inflow from investment activities was $31,154,879.90, down significantly from $934,217,877.90, a decrease of approximately 96.7%[33] - Net cash flow from investment activities was -$165,344,176.17, improving from -$666,866,502.57, showing a reduction in losses by about 75.2%[33] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 107,880, with the largest shareholder holding 16.00% of the shares[10] - The company has a total of 348,142,058 shares held by Guangdong Baoliwa Group Co., Ltd., representing a significant portion of the equity[14] Future Plans - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and product offerings[18] - The company plans to focus on expanding its market presence and investing in new technologies to enhance future growth[28] Inventory and Receivables - The company's inventory increased by 40.33% to ¥490,140,171.63, primarily due to an increase in raw materials[5] - Accounts receivable decreased from CNY 1,228,280,650.88 to CNY 1,029,461,053.55, indicating improved collection efficiency[17] - Inventory increased from CNY 349,267,651.53 to CNY 490,140,171.63, reflecting a strategic buildup of stock[17] Financial Ratios - The company's basic and diluted earnings per share were both ¥0.0017, down 95.75% from ¥0.04 in the previous year[3] - The weighted average return on net assets decreased to 0.03%, down 0.8 percentage points from 0.83% in the same period last year[3] - The company’s financial expenses for Q1 2022 were CNY 43,025,243.11, a decrease from CNY 54,832,403.37 in Q1 2021[27] Liquidity Position - The company’s cash and cash equivalents represent approximately 23.3% of total assets, indicating a strong liquidity position[17] - The ending balance of cash and cash equivalents was $4,480,133,216.56, compared to $2,763,139,708.69 in the previous period, showing an increase of approximately 62.0%[36] - The impact of exchange rate changes on cash and cash equivalents was $58,585.17, up from $16,029.07, reflecting an increase of about 264.5%[36]