Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,508,713,746.90, representing a 90.17% increase compared to the same period last year[4]. - Net profit attributable to shareholders for Q1 2022 was CNY 163,829,220.36, a 61.57% increase year-over-year[4]. - The basic and diluted earnings per share for Q1 2022 were both CNY 0.21, reflecting a 40.00% increase compared to the adjusted figure of CNY 0.15 from the previous year[4]. - Operating revenue for the current period reached CNY 1,508,713,746.90, a 90.17% increase compared to CNY 793,345,464.15 in the previous period, driven by sales growth in new energy vehicles and wind power[8]. - The company reported a net cash outflow from operating activities of CNY -423,579,602.19, a significant decrease compared to CNY -30,336,430.75 in the previous year, indicating a 1,296.27% decline[4]. - Cash flow from operating activities generated CNY 1,476,334,318.48, compared to CNY 647,500,549.77 in the previous period, an increase of approximately 128.7%[29]. - The company reported a total of 8,783,120 restricted shares at the beginning of the period, with 1,375,320 shares released during the period, leaving 7,407,800 restricted shares at the end[12]. Assets and Liabilities - Total assets at the end of Q1 2022 amounted to CNY 9,664,485,442.22, a 59.72% increase from the previous year[4]. - Total current assets amounted to CNY 8,024,283,791.38, up from CNY 4,564,960,472.54 at the beginning of the year[14]. - Total liabilities increased to CNY 3,254,630,723.66 from CNY 3,084,432,607.33, marking an increase of approximately 5.5%[19]. - Long-term borrowings rose significantly to CNY 734,260,000.00 from CNY 411,810,000.00, indicating an increase of about 78.2%[17]. - Total non-current liabilities amounted to CNY 848,125,310.80, up from CNY 516,409,379.64, which is an increase of approximately 64.2%[17]. - Total current liabilities decreased to CNY 2,406,505,412.86 from CNY 2,568,023,227.69 at the beginning of the year[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 56,444, with no preferred shareholders[9]. - The largest shareholder, Jiangxi Ruide Venture Capital Co., Ltd., holds 28.93% of shares, amounting to 241,937,600 shares, with 4,800,000 shares pledged[10]. Cash Flow - Total cash inflow from operating activities was 1,940,126,137.68, while cash outflow was 698,972,301.35, resulting in a net cash flow of 1,241,153,836.33[30]. - Cash inflow from investment activities totaled 9,668,621.87, with cash outflow amounting to 329,315,884.49, leading to a net cash flow of -319,647,262.62[32]. - Cash inflow from financing activities reached 3,870,737,935.91, while cash outflow was 346,087,601.00, resulting in a net cash flow of 3,524,650,334.91[34]. - The ending cash and cash equivalents balance was 4,008,102,021.05, compared to 996,761,024.53 in the previous period[34]. - The company reported a significant increase in cash received from investment activities, rising from 135,265,860.58 to 9,668,621.87[31]. - Cash received from financing activities increased dramatically from 629,077,073.46 to 3,870,737,935.91, indicating strong capital inflow[34]. Expenses and Investments - Operating costs, including taxes and additional charges, totaled CNY 1,224,183,629.92, reflecting a 106.43% increase from CNY 592,303,423.72, primarily due to business growth and increased tax payments[8]. - Research and development expenses rose to CNY 58,826,903.24, an 81.55% increase from CNY 32,402,781.20, indicating a continued commitment to R&D investment[8]. - The company’s income tax expense increased by 91.72% to CNY 18,814,302.79 from CNY 9,813,456.06, reflecting profit growth during the reporting period[8]. - The company reported a significant increase in credit impairment losses, amounting to CNY -3,996,011.13, a 763.04% rise from CNY 602,677.49, due to higher provisions for bad debts[8]. - The company has reduced sales expenses by 31.28% to CNY 6,176,782.94 from CNY 8,988,198.78, mainly due to pandemic-related reductions in promotional activities[8]. Production and Sector Performance - In Q1 2022, the company achieved revenue of CNY 450 million in the new energy vehicle and auto parts sector, representing a year-on-year growth of 256.88%[13]. - The company produced 1,845 tons of high-performance rare earth permanent magnet materials, a year-on-year increase of 42.74%, accounting for 66.98% of total product output, up 16 percentage points from the previous year[13]. - The company’s revenue from the energy-saving variable frequency air conditioning sector reached CNY 403 million, a year-on-year increase of 12.72%[13]. - The company’s revenue from the wind power sector was CNY 282 million, reflecting a year-on-year growth of 46.14%[13]. Equity and Returns - Equity attributable to shareholders increased by 116.12% to CNY 6,408,732,462.02 compared to the previous year[4]. - The weighted average return on equity decreased by 3.13 percentage points to 3.13% compared to the previous year[4]. - Total equity attributable to the parent company increased to CNY 4,445,499,508.77 from CNY 1,291,955,175.85, a growth of approximately 244.3%[19]. - Other comprehensive income after tax attributable to the parent company was CNY 371,650.60, down from CNY 2,405,222.93 in the previous period[25]. Audit and Compliance - The company did not conduct an audit for the first quarter report[35].
金力永磁(06680) - 2022 Q1 - 季度财报