TGWC(SH:600116)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 2,301,896,713.38, representing a year-on-year increase of 12.03%[6] - Net profit attributable to shareholders of the listed company was CNY 9,859,074.11, a significant decrease of 93.81% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was CNY 134,203,641.81, down by 8.17% year-on-year[6] - Basic earnings per share decreased by 87.50% to CNY 0.01[9] - Operating profit for Q1 2022 was a loss of ¥6,532,131.96, compared to a profit of ¥179,092,593.11 in Q1 2021[36] - Net profit for Q1 2022 was ¥3,270,861.74, down from ¥158,562,217.39 in Q1 2021, indicating a significant decline[36] - The net profit attributable to shareholders of the parent company for Q1 2022 was CNY 9,859,074.11, compared to CNY 159,356,499.40 in Q1 2021, indicating a significant decline[38] - The total comprehensive income for Q1 2022 was CNY 3,270,861.74, compared to CNY 158,562,217.39 in Q1 2021[38] - The total comprehensive income for Q1 2022 was CNY 19,140,979.43, compared to CNY 26,729,785.39 in Q1 2021, indicating a decrease[55] Cash Flow - The net cash flow from operating activities increased significantly by 631.45% to CNY 187,055,068.11[6] - The net cash flow from operating activities for Q1 2022 was CNY 187,055,068.11, a recovery from a negative cash flow of CNY -35,197,218.41 in Q1 2021[42] - Cash inflow from operating activities totaled CNY 1,927,166,451.81, up from CNY 1,136,366,357.88 in the previous year, reflecting a growth of approximately 69.7%[55] - Cash outflow from operating activities increased to CNY 2,606,096,664.44, compared to CNY 1,159,120,355.00 in Q1 2021, representing an increase of about 124.0%[55] - Total cash inflow from financing activities in Q1 2022 was CNY 1,779,700,000.00, up from CNY 1,375,230,000.00 in Q1 2021[44] - Cash inflow from financing activities was CNY 1,699,700,000.00 in Q1 2022, significantly higher than CNY 260,060,000.00 in Q1 2021, marking an increase of approximately 553.4%[57] - The net cash flow from financing activities was CNY 1,128,857,019.05, compared to CNY 212,372,796.12 in the previous year, indicating a substantial increase[57] Assets and Liabilities - Total assets at the end of the reporting period were CNY 21,739,642,111.80, an increase of 2.30% from the end of the previous year[9] - The total current assets increased to approximately RMB 5.10 billion from RMB 4.77 billion year-over-year[27] - The total liabilities for the company were RMB 208,365.39 million, with no overdue guarantees reported[24] - Total liabilities rose to ¥10,515,998,241.04 in Q1 2022, up from ¥10,041,517,031.47 in Q1 2021, reflecting an increase of 4.7%[32] - Non-current liabilities totaled ¥5,920,727,764.89 in Q1 2022, compared to ¥5,009,364,927.06 in Q1 2021, representing a year-over-year increase of 18.2%[32] - The total equity increased to ¥10,017,991,946.60 from ¥9,988,850,967.17, showing a slight growth of about 0.3%[49] Shareholder Information - The total number of common shareholders at the end of the reporting period was 47,609[18] - The largest shareholder, China Yangtze Power Co., Ltd., holds 236,037,004 shares, accounting for 12.34% of total shares[18] Operational Highlights - The company's cash flow from trade business improved due to the recovery of accounts receivable and a decrease in inventory procurement costs[10] - The company experienced a 24.33% year-on-year increase in self-generated hydropower output, contributing positively to its electricity business[9] - The company reported a significant increase in sales expenses by 92.83%, attributed to the expansion of electricity and new energy business[15] - The company is focusing on market expansion and new technology development as part of its strategic initiatives moving forward[53] Inventory and Receivables - The company's receivables increased significantly, with accounts receivable reaching RMB 1.22 billion compared to RMB 721.90 million in the previous year[27] - The company’s inventory decreased to RMB 252.42 million from RMB 421.42 million year-over-year[27]