MINLIST(SH:600058)2022-04-25 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥15,256,846,655.07, representing a decrease of 8.25% compared to the same period last year[6]. - Net profit attributable to shareholders of the listed company was ¥130,390,316.47, an increase of 40.94% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was ¥108,227,738.71, reflecting a year-on-year increase of 28.22%[6]. - The basic earnings per share for the period was ¥0.12, up 33.33% from the previous year[6]. - The diluted earnings per share also stood at ¥0.12, marking a 33.33% increase year-on-year[6]. - Total operating revenue for Q1 2022 was approximately ¥15.26 billion, a decrease of 8.25% from ¥16.63 billion in Q1 2021[36]. - Net profit attributable to shareholders of the parent company for Q1 2022 was approximately ¥130.39 million, up 40.93% from ¥92.52 million in Q1 2021[39]. - Total operating costs for Q1 2022 were approximately ¥15.01 billion, down 8.73% from ¥16.45 billion in Q1 2021[36]. - Operating profit for Q1 2022 increased to approximately ¥200.08 million, compared to ¥127.50 million in Q1 2021, reflecting a growth of 56.93%[36]. - The total profit for Q1 2022 was approximately ¥195.43 million, up from ¥124.18 million in Q1 2021, marking a growth of 57.38%[36]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥27,606,129,423.93, a 19.60% increase from the end of the previous year[9]. - The equity attributable to shareholders of the listed company was ¥7,273,708,579.17, reflecting a 1.82% increase year-on-year[9]. - The company's current assets totaled approximately RMB 24.33 billion, up from RMB 19.75 billion at the end of 2021, indicating a growth of around 23.1%[29]. - Total liabilities reached approximately RMB 20.19 billion, compared to RMB 15.80 billion at the end of 2021, representing an increase of about 27.5%[34]. - The company's short-term borrowings surged to approximately RMB 4.79 billion from RMB 2.85 billion, an increase of about 68.1%[34]. Cash Flow - The net cash flow from operating activities was negative at -¥3,245,808,210.21, indicating a significant impact from liquidity constraints in the supply chain[6]. - Cash received from sales of goods and services in Q1 2022 was approximately ¥16.28 billion, a decrease of 11.73% from ¥18.46 billion in Q1 2021[39]. - The net cash flow from operating activities was -3,245,808,210.21, a decrease from -1,508,346,602.20 in the previous period, indicating a worsening cash flow situation[42]. - Total cash inflow from financing activities was 3,584,838,482.09, compared to 3,495,319,387.12 previously, showing an increase of approximately 3.9%[42]. - Cash and cash equivalents at the end of the period stood at 1,355,426,597.91, down from 1,843,424,982.47, reflecting a decrease of about 26.4%[44]. Subsidiary Performance - The company’s subsidiary, China Minerals, generated operating revenue of RMB 6.149 billion and a total profit of RMB 170 million in Q1 2022[19]. - The company’s subsidiary, WISCO, achieved operating revenue of RMB 6.988 billion and a total profit of RMB 45.2118 million in Q1 2022[19]. Market Outlook and Strategy - The company anticipates a more complex and variable market environment in Q2 2022 due to factors such as demand contraction and geopolitical issues[19]. - The company aims to continue focusing on high-quality development and improving management levels amid challenges and opportunities[19]. - The company plans to provide a total guarantee of up to RMB 13 billion for its wholly-owned subsidiaries in 2022[22]. - The company signed annual steel procurement contracts totaling approximately RMB 15 billion, with specific contracts amounting to RMB 19.2 billion for its subsidiaries[24]. - The company approved a hedging business plan with a peak capital occupation of RMB 700 million for commodity hedging and a maximum net position of USD 1.4 billion for foreign exchange hedging[25]. - The company plans to sign a steel procurement contract worth approximately RMB 1.735 billion with a subsidiary for the year 2022[25]. Operational Metrics - The company sold approximately 1.01 million tons of coal, 220,000 tons of coke, 4.42 million tons of iron ore (up 1.5% year-on-year), 220,000 tons of chromium ore (up 17.5% year-on-year), and 260,000 tons of manganese ore (up 26.4% year-on-year)[19]. - The logistics business achieved a throughput of approximately 1.98 million tons, a year-on-year increase of 13%, while processing volume reached 260,000 tons, up 11% year-on-year[19]. - The company's supply chain business is accelerating its digital transformation, integrating resources through the Longteng Cloud Creation platform[19].