川发龙蟒(002312) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was CNY 2,329,408,526.20, representing a 64.06% increase compared to CNY 1,419,877,405.82 in the same period last year[6]. - Net profit attributable to shareholders was CNY 273,123,160.45, a significant increase of 145.70% from CNY 111,162,131.96 year-on-year[6]. - Basic earnings per share increased to CNY 0.16, doubling from CNY 0.08 in the same quarter last year[6]. - Total operating revenue for the current period reached ¥2,329,408,526.20, a significant increase of 64.1% compared to ¥1,419,877,405.82 in the previous period[25]. - Net profit for the current period was ¥273,386,310.97, representing a 146.2% increase from ¥110,905,522.51 in the previous period[26]. - Earnings per share (EPS) for the current period was ¥0.16, compared to ¥0.08 in the previous period[29]. - The total comprehensive income attributable to shareholders was ¥273,123,160.45, compared to ¥111,162,131.96 in the previous period, showing strong overall performance[29]. Cash Flow - The net cash flow from operating activities reached CNY 261,505,403.64, a remarkable turnaround from a negative CNY 89,046,917.48 in the previous year, marking a 393.67% increase[6]. - Cash inflow from operating activities totaled ¥2,209,494,966.45, significantly higher than ¥976,746,574.38 in the previous period[30]. - The net cash flow from operating activities was CNY 261,505,403.64, a decrease of 289.5% compared to the previous year[31]. - Cash outflow from operating activities totaled CNY 1,947,989,562.81, compared to CNY 1,065,793,491.86 in the previous year[31]. - The total cash and cash equivalents at the end of the period amounted to CNY 1,687,393,970.34, compared to CNY 1,826,333,665.32 at the end of the previous year[31]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,800,340,126.56, up 13.77% from CNY 9,493,540,730.37 at the end of the previous year[6]. - The company's total equity attributable to shareholders increased to CNY 7,125,603,066.43, a 3.90% rise from CNY 6,858,388,820.34 at the end of the previous year[6]. - Total liabilities amounted to ¥3,669,367,133.08, compared to ¥2,630,045,133.50 in the previous period, indicating a rise in financial obligations[24]. Research and Development - Research and development expenses surged by 158.30% to CNY 41,101,144.14, compared to CNY 15,912,045.54 in the same period last year, indicating increased investment in innovation[9]. - Research and development expenses increased to ¥41,101,144.14, up from ¥15,912,045.54 in the previous period, reflecting a focus on innovation[25]. Operational Changes - The company reported a 64.06% increase in operating income, primarily due to rising sales prices of its main products, including industrial-grade monoammonium phosphate and fertilizers[8]. - The company has decided to terminate the 100,000 tons/year new energy material precursor project in Qianjiang due to market changes and resource allocation issues[18]. - The company is actively involved in the daily production and management of Tianrui Mining, enhancing its supply chain and reducing potential competition[17]. Investments and Acquisitions - The company plans to acquire 80% and 20% stakes in Sichuan Development Tianrui Mining Co., Ltd. from Sichuan Advanced Materials Industry Investment Group and Sichuan Salt Industry Group, respectively, with the total transaction value being 100% paid in shares[17]. - The company has initiated the Deyang Chuanfa Longmang lithium battery new material project, which is a key project in Sichuan Province, and has already commenced construction[18]. Inventory and Current Assets - The company's total current assets increased to approximately CNY 4.12 billion from CNY 2.86 billion at the beginning of the year, reflecting a growth of about 43.9%[21]. - Cash and cash equivalents rose to CNY 1.69 billion from CNY 878.99 million, marking an increase of approximately 92.2%[19]. - The company's inventory decreased to CNY 983.59 million from CNY 1.07 billion, a reduction of about 8.4%[21]. - Total assets increased to CNY 10.80 billion from CNY 9.49 billion, representing a growth of approximately 13.8%[21]. - Short-term borrowings increased to CNY 135 million from CNY 105 million, an increase of approximately 28.6%[21]. - The company reported a significant increase in accounts receivable, rising to CNY 265.59 million from CNY 225.45 million, an increase of about 17.8%[19].