XSS(SH:600117)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 3,020,552,968.44, representing a year-on-year increase of 20.62%[6] - The net profit attributable to shareholders of the listed company was a loss of CNY 198,282,309.07, a decrease of 190.62% compared to the same period last year[6] - The net cash flow from operating activities was CNY 70,981,471.51, reflecting an increase of 47.43% year-on-year[6] - Total operating revenue for Q1 2022 was CNY 3,020,552,968.44, an increase of 20.6% compared to CNY 2,504,284,987.33 in Q1 2021[32] - Net loss attributable to shareholders of the parent company for Q1 2022 was CNY -198,282,309.07, compared to a loss of CNY -68,227,599.92 in Q1 2021[34] - The company’s comprehensive loss for Q1 2022 was CNY -285,103,408.87, compared to a profit of CNY 112,434.33 in Q1 2021[34] Assets and Liabilities - The total assets at the end of the reporting period were CNY 16,671,157,118.11, down 10.01% from the end of the previous year[9] - The total current assets as of March 31, 2022, amount to 5,815,155,630.30 RMB, a decrease from 7,549,339,677.90 RMB at the end of 2021[23] - Total liabilities amount to 12,047,574,482.56 RMB, compared to 13,781,558,359.87 RMB at the end of 2021[26] - The total liabilities amounted to CNY 14,765,717,665.39, a decrease from CNY 16,338,142,903.28 in the previous period[32] - The total non-current liabilities were CNY 2,718,143,182.83, an increase from CNY 2,556,584,543.41 in the previous period[32] Shareholder Information - The equity attributable to shareholders of the listed company decreased by 69.24% to CNY 86,451,395.36 compared to the end of the previous year[9] - The total number of common shareholders at the end of the reporting period is 51,240[16] - Xining Special Steel Group Co., Ltd. holds 369,669,184 shares, accounting for 35.37% of total shares[16] - Qinghai Provincial Material Group Co., Ltd. and Qinghai Electromechanical State-owned Holding Co., Ltd. each hold 100,000,000 shares, representing 9.57% of total shares[16] Cash Flow and Financing Activities - Cash flow from operating activities for Q1 2022 was CNY 1,317,140,400.12, slightly up from CNY 1,311,759,167.28 in Q1 2021[34] - Operating cash inflow totaled CNY 1,331,359,769.01, compared to CNY 1,319,335,393.59 in the previous period, reflecting a slight increase[38] - Cash outflow from operating activities was CNY 1,260,378,297.50, down from CNY 1,271,189,340.13, resulting in a net cash flow from operating activities of CNY 70,981,471.51, up from CNY 48,146,053.46[38] - Cash inflow from financing activities amounted to CNY 2,863,850,000.00, compared to CNY 3,207,380,610.33 in the previous period[40] - Net cash flow from financing activities was CNY 21,053,092.34, a recovery from a negative CNY 46,324,466.54 in the previous period[40] Research and Development - Research and development expenses increased by 373.92%, primarily due to increased investment in product quality and production process optimization[12] - Research and development expenses for Q1 2022 were CNY 157,907,180.32, significantly higher than CNY 33,319,628.90 in Q1 2021, indicating a focus on innovation[32] Inventory and Costs - The gross profit margin declined due to the increase in raw material prices outpacing the rise in coke and steel prices[15] - Total operating costs for Q1 2022 were CNY 3,300,426,955.14, up from CNY 2,489,277,360.15 in Q1 2021, representing a 32.5% increase[32] - Inventory stands at 2,204,298,787.54 RMB, down from 2,271,788,159.15 RMB at the end of 2021[23] Government Subsidies - The company received government subsidies amounting to CNY 2,867,463.96, which are closely related to its normal business operations[9]