Financial Performance - The company's operating revenue for Q1 2022 was RMB 26,006,070, representing a year-on-year increase of 27.61%[4] - Net profit attributable to shareholders for the same period was RMB 213,510, reflecting a significant decrease of 81.81% compared to the previous year[4] - The basic earnings per share for Q1 2022 was RMB 0.020, down 81.48% year-on-year[4] - Net profit attributable to ordinary shareholders of the parent company decreased by 81.81% due to significant increases in crude oil prices and rising product costs[8] - Net profit attributable to ordinary shareholders of the parent company, after deducting non-recurring gains and losses, decreased by 79.14% for the same reasons[8] - Basic and diluted earnings per share for Q1 2022 were both RMB 0.020, down from RMB 0.108 in Q1 2021[13] - Net profit for Q1 2022 was RMB 214,850 thousand, a decrease from RMB 1,175,274 thousand in Q1 2021, indicating a decline of approximately 81.8%[13] Assets and Shareholder Information - The total assets at the end of the reporting period amounted to RMB 53,737,111, an increase of 14.24% from the end of the previous year[4] - The total number of shareholders at the end of the reporting period was 106,105[6] - The largest shareholder, Sinopec Limited, held 5,459,455,000 shares, accounting for 50.44% of the total shares[6] - Total assets as of March 31, 2022, amounted to RMB 53,737,111 thousand, an increase from RMB 47,038,622 thousand at the beginning of the year[11] Cash Flow Analysis - The company reported a net cash flow from operating activities of RMB -1,785,568, which is not applicable for year-on-year comparison[4] - Net cash flow from operating activities increased by 453.61%, indicating a significant outflow due to declining operational performance[8] - In Q1 2022, cash inflow from operating activities was CNY 27,467,908 thousand, up from CNY 20,475,530 thousand in Q1 2021, representing a growth of approximately 34.5%[14] - Cash outflow from operating activities increased to CNY 29,253,476 thousand in Q1 2022 from CNY 20,798,062 thousand in Q1 2021, resulting in a net cash flow from operating activities of -CNY 1,785,568 thousand, compared to -CNY 322,532 thousand in the previous year[14] - The ending cash and cash equivalents balance as of March 31, 2022, was CNY 4,987,376 thousand, compared to CNY 1,241,576 thousand at the end of Q1 2021, reflecting a significant increase[15] Investment and Financing Activities - Cash inflow from investing activities decreased to CNY 1,625,609 thousand in Q1 2022 from CNY 2,100,402 thousand in Q1 2021, while cash outflow remained relatively stable at CNY 4,450,012 thousand[15] - The net cash flow from investing activities was -CNY 2,824,403 thousand in Q1 2022, compared to -CNY 2,334,042 thousand in Q1 2021, indicating a worsening investment cash flow situation[15] - Cash inflow from financing activities significantly increased to CNY 6,454,975 thousand in Q1 2022 from CNY 890,000 thousand in Q1 2021, showing a growth of over 627%[15] - The net cash flow from financing activities was CNY 4,485,169 thousand in Q1 2022, a substantial improvement from -CNY 3,024,860 thousand in Q1 2021[15] - The cash flow from financing activities included CNY 3,455,000 thousand from loans obtained in Q1 2022, compared to CNY 890,000 thousand in Q1 2021, highlighting increased borrowing activity[15] Operational Costs and Tax Obligations - Total operating costs for Q1 2022 were RMB 25,599,241 thousand, compared to RMB 19,157,566 thousand in Q1 2021, reflecting a year-on-year increase of about 33.6%[12] - The company incurred CNY 5,589,134 thousand in tax payments in Q1 2022, which is an increase from CNY 3,491,795 thousand in Q1 2021, indicating a rise in tax obligations[14] Product Development and Market Strategy - The company has not disclosed any new product developments or market expansion strategies in the current report[3]
上海石油化工股份(00338) - 2022 Q1 - 季度财报