2022-04-27 10:58Financial Performance - Revenue for Q1 2022 reached RMB 83,902 million, a 24.1% increase from RMB 67,608 million in Q1 2021[3] - Profit before tax for Q1 2022 was RMB 28,591 million, reflecting a 58.2% increase from RMB 18,069 million in Q1 2021[3] - Net profit attributable to shareholders for Q1 2022 was RMB 19,796 million, up 66.9% from RMB 11,864 million in Q1 2021[3] - Basic earnings per share for Q1 2022 increased to RMB 0.996, a 66.9% rise compared to RMB 0.597 in Q1 2021[3] - Gross profit for Q1 2022 was RMB 20,213 million, an 86.7% increase compared to RMB 10,824 million in Q1 2021, resulting in a gross margin of 29.8%, up 10.6 percentage points[16] - The company reported a 101.5% increase in pre-tax profit to RMB 19,396 million in Q1 2022, up from RMB 9,625 million in Q1 2021[16] - The net profit for Q1 2022 was RMB 23,508 million, representing a 62.7% increase from RMB 14,461 million in Q1 2021[26] Cash Flow and Liquidity - Net cash inflow from operating activities for Q1 2022 was RMB 28,436 million, a 45.0% increase from RMB 19,614 million in Q1 2021[3] - Operating cash inflow for Q1 2022 was RMB 28,436 million, up 45% from RMB 19,614 million in Q1 2021[31] - Cash and cash equivalents at the end of Q1 2022 totaled RMB 170,227 million, an increase from RMB 131,713 million at the end of Q1 2021[32] - The increase in cash and cash equivalents for Q1 2022 was RMB 13,581 million, down from RMB 18,385 million in Q1 2021[32] - The company paid RMB 6,858 million in income taxes in Q1 2022, compared to RMB 5,344 million in Q1 2021[31] - The company received RMB 5,104 million in borrowings during Q1 2022, an increase from RMB 3,952 million in Q1 2021[32] Assets and Liabilities - Total assets as of March 31, 2022, amounted to RMB 631,988 million, a 3.5% increase from RMB 610,597 million at the end of 2021[3] - Total liabilities decreased to RMB 159,051 million, down 1.4% from RMB 161,376 million at the end of 2021[3] - Total equity increased to RMB 472,937 million, reflecting a 5.3% rise from RMB 449,221 million at the end of 2021[3] - As of March 31, 2022, total assets amounted to RMB 672,974 million, up from RMB 626,690 million as of December 31, 2021[29] - The total liabilities decreased to RMB 159,051 million as of March 31, 2022, from RMB 161,376 million at the end of 2021[30] Production and Sales - Coal production for Q1 2022 reached 80.8 million tons, a 3.6% increase from 78.0 million tons in Q1 2021[12] - Total electricity generation in Q1 2022 was 46.75 billion kWh, representing a 25.7% increase compared to 37.18 billion kWh in Q1 2021[12] - Total coal sales volume decreased to 105.7 million tons in Q1 2022, down 8.4% from 115.4 million tons in Q1 2021[12] - The average selling price of coal in Q1 2022 was RMB 624 per ton, an increase of 31.4% from RMB 475 per ton in Q1 2021[14] - Domestic sales accounted for 99.2% of total sales volume in Q1 2022, with a total of 104.9 million tons sold[15] - The sales volume of polyethylene in Q1 2022 was 90.8 thousand tons, a decrease of 4.2% from 94.8 thousand tons in Q1 2021[12] - The sales volume of polypropylene in Q1 2022 was 86.7 thousand tons, down 3.3% from 89.7 thousand tons in Q1 2021[12] Research and Development - R&D expenses surged by 132.6% to RMB (335) million, reflecting increased spending on projects like smart mining[7] - The company reported a significant increase in R&D spending, indicating a focus on innovation and technology development[7] - The company's R&D expenses increased to RMB 335 million in Q1 2022, compared to RMB 144 million in Q1 2021, reflecting a focus on innovation[26] Market and Operational Strategy - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[7] - The company confirmed that the financial statements for Q1 2022 were prepared in accordance with International Financial Reporting Standards and were not audited[2]