兴发集团(600141) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥8,574,950,101.46, representing a 90.65% increase compared to ¥4,497,802,347.86 in the same period last year[4]. - Net profit attributable to shareholders was ¥1,723,472,635.88, a significant increase of 384.07% from ¥356,040,009.11 in the previous year[4]. - Basic and diluted earnings per share were both ¥1.55, reflecting a 384.46% increase compared to ¥0.32 in the previous year[6]. - Total operating revenue for Q1 2022 reached ¥8,574,950,101.46, a significant increase of 90.5% compared to ¥4,497,802,347.86 in Q1 2021[20]. - Net profit for Q1 2022 was ¥2,120,042,216.07, representing a substantial increase of 438.5% compared to ¥383,729,307.10 in Q1 2021[21]. - Total comprehensive income for Q1 2022 was ¥2,119,072,641.21, compared to ¥384,320,871.08 in Q1 2021, indicating a growth of 438.5%[22]. - The company’s total operating profit for Q1 2022 was ¥2,598,986,488.14, a significant increase from ¥465,449,203.65 in Q1 2021[21]. Cash Flow - The net cash flow from operating activities reached ¥1,290,517,160.33, up 190.31% from ¥444,527,011.80 in the same period last year[6]. - Cash inflow from operating activities in Q1 2022 totaled ¥6,574,326,074.60, an increase from ¥3,704,187,824.20 in Q1 2021[23]. - The net cash flow from operating activities was approximately $1.29 billion, an increase from $444.53 million in the previous year[24]. - The cash flow from operating activities showed a significant improvement compared to the previous year, indicating better operational efficiency[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥35,879,293,000.00, a 4.18% increase from ¥34,440,683,000.77 at the end of the previous year[6]. - Current assets totaled RMB 9,129,545,293.86, up from RMB 8,699,126,977.89, indicating an increase of about 4.9% year-over-year[17]. - The company's accounts receivable rose significantly to RMB 1,831,269,610.94, compared to RMB 935,990,005.96 in the previous year, marking an increase of approximately 95.5%[17]. - Inventory decreased to RMB 1,866,297,846.61 from RMB 2,394,085,781.06, a decline of about 22%[17]. - The total liabilities decreased to RMB 18,361,749,893.04 from RMB 18,890,490,685.58, representing a reduction of approximately 2.8%[18]. - The company's equity attributable to shareholders increased to RMB 15,563,493,786.49 from RMB 13,995,075,157.78, reflecting a growth of about 11.2%[19]. Investments and Acquisitions - The company completed the acquisition of 100% equity in Ningtong Logistics for ¥239,173,100, which required retrospective adjustments to financial data[7]. - Research and development expenses for Q1 2022 were ¥279,109,094.59, up 135.5% from ¥118,618,772.36 in Q1 2021[20]. - The company reported investment income of ¥113,316,638.03 in Q1 2022, compared to ¥30,177,514.57 in Q1 2021, marking an increase of 274.5%[21]. Operational Performance - The company reported a significant increase in sales volume and prices of its main products, contributing to the revenue growth[10]. - The company maintained high sales prices for its main products, including glyphosate and yellow phosphorus, contributing to strong operational performance during the reporting period[15]. - The company emphasized its commitment to safety and environmental standards while capitalizing on favorable market conditions to enhance production efficiency[15]. - The company is leveraging its integrated industrial chain advantages to optimize production and operational strategies, aiming for sustained growth in the chemical industry[15]. Other Financial Metrics - The weighted average return on equity increased to 11.66%, up 8.04 percentage points from 3.62% in the previous year[6]. - Total operating costs for Q1 2022 were ¥6,073,037,175.70, up 50.2% from ¥4,044,275,756.05 in Q1 2021[20]. - The company’s tax expenses for Q1 2022 were ¥474,880,582.72, compared to ¥75,550,625.15 in Q1 2021, reflecting a rise of 528.5%[21]. - Non-operating income included government subsidies of ¥15,057,514.17, while non-recurring losses from asset disposals amounted to -¥9,241,218.52[8].