Financial Performance - The company's operating revenue for Q1 2022 was RMB 75,621,399 thousand, representing a 43.62% increase compared to RMB 52,613,929 thousand in the same period last year[2] - Net profit attributable to shareholders for Q1 2022 was RMB 1,574,894 thousand, a 60.52% increase from RMB 966,709 thousand year-on-year[2] - The diluted earnings per share for Q1 2022 was RMB 0.091, a 65.34% increase from RMB 0.054 in the same period last year[2] - Total revenue for Q1 2022 reached RMB 75,621,399 thousand, a significant increase of 43.5% compared to RMB 52,652,764 thousand in Q1 2021[19] - Operating profit for Q1 2022 was RMB 2,952,878 thousand, up 43.4% from RMB 2,057,089 thousand in Q1 2021[20] - Net profit attributable to shareholders of the parent company for Q1 2022 was RMB 1,574,894 thousand, an increase of 60.5% compared to RMB 981,144 thousand in Q1 2021[20] Cash Flow and Liquidity - The net cash flow from operating activities reached RMB 8,556,022 thousand, marking a significant increase of 260.28% compared to RMB 2,333,361 thousand in the previous year[2] - Cash flow from operating activities increased by 260.28%, attributed to a significant rise in cash receipts[7] - Cash and cash equivalents decreased to RMB 17,961,408 thousand from RMB 19,177,992 thousand at the end of 2021, representing a decline of 6.3%[15] - Cash and cash equivalents at the end of Q1 2022 totaled RMB 16,783,415 thousand, up from RMB 8,251,748 thousand at the end of Q1 2021[25] - The company reported a net cash outflow from operating activities of 3,829,581 thousand RMB in Q1 2022, compared to 2,555,992 thousand RMB in Q1 2021[34] - The company reported a net cash flow from financing activities of RMB -4,013,376 thousand in Q1 2022, compared to RMB -1,490,658 thousand in Q1 2021, reflecting higher debt repayments[24] Assets and Liabilities - The total assets at the end of the reporting period were RMB 196,623,258 thousand, reflecting a 2.21% increase from RMB 196,293,187 thousand at the end of the previous year[2] - Total liabilities increased to RMB 121,489,466 thousand as of March 31, 2022, compared to RMB 119,593,400 thousand at the end of 2021[17] - Total liabilities as of March 31, 2022, were RMB 73,487,539 thousand, slightly up from RMB 72,714,553 thousand at the end of 2021[28] - The company’s long-term borrowings increased to RMB 36,678,393 thousand as of March 31, 2022, compared to RMB 36,266,071 thousand at the end of 2021, reflecting a growth of 1.1%[17] Production and Operations - The company produced 409,000 tons of alumina in Q1 2022, maintaining the same production level as in Q1 2021[5] - The production of coal increased significantly to 286,000 tons in Q1 2022, representing an 86.93% increase compared to 153,000 tons in the same period last year[5] - The company experienced a decrease in electricity generation, with a total of 38 billion kWh in Q1 2022, down 7.32% from 41 billion kWh in the same period last year[5] Research and Development - Research and development expenses surged by 161.30%, driven by investments in optimizing electrolytic aluminum technology and developing high-end products[6] - Research and development expenses for Q1 2022 were RMB 400,141 thousand, significantly higher than RMB 153,135 thousand in Q1 2021, reflecting a growth of 161.5%[19] - Research and development expenses surged to 72,683 thousand RMB in Q1 2022, up from 8,098 thousand RMB in Q1 2021, indicating a focus on innovation[31] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 546,638[8] - The largest shareholder, China Aluminum Group, holds 5,050,376,970 shares, accounting for 29.67% of total shares[9] - The total equity attributable to shareholders of the parent company was RMB 58,901,149 thousand as of March 31, 2022, compared to RMB 57,264,687 thousand at the end of 2021[18] - The company’s total equity increased to 53,894,564 thousand RMB as of March 31, 2022, compared to 53,391,586 thousand RMB at the end of 2021[29] Investment Activities - Cash outflow from investing activities was RMB 5,905,898 thousand in Q1 2022, compared to RMB 2,492,816 thousand in Q1 2021, indicating increased investment activity[24] - Investment activities generated a net cash outflow of 3,249,824 thousand RMB in Q1 2022, compared to a net outflow of 2,879,318 thousand RMB in Q1 2021[35] Future Outlook - The company plans to acquire metal gallium assets from China Rare Earth Holdings Limited for a transaction price of RMB 392,411.6 thousand[3] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[30]
中国铝业(02600) - 2022 Q1 - 季度财报