SDWH(SH:600241)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 215,499,302.93, representing a year-on-year increase of 42.98%[5] - The net profit attributable to shareholders for Q1 2022 was CNY 24,278,771.34, reflecting a significant increase of 75.84% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 24,128,964.22, up by 83.73% year-on-year[5] - Basic earnings per share for Q1 2022 were CNY 0.08, an increase of 60.00% year-on-year[6] - The diluted earnings per share also stood at CNY 0.08, reflecting a 60.00% increase compared to the same period last year[6] - Total operating revenue for Q1 2022 reached ¥215,499,302.93, a 43.0% increase from ¥150,715,831.42 in Q1 2021[20] - Net profit for Q1 2022 was ¥30,669,679.03, representing an increase of 91.7% compared to ¥16,007,711.70 in Q1 2021[21] - Total comprehensive income for Q1 2022 was ¥30,669,679.03, compared to ¥16,007,711.70 in Q1 2021, reflecting strong growth[21] Cash Flow and Liquidity - The net cash flow from operating activities reached CNY 61,954,394.62, marking a substantial increase of 133.42% compared to the previous year[5] - Cash flow from operating activities generated a net amount of ¥61,954,394.62, compared to ¥26,542,034.28 in Q1 2021, marking a significant increase[23] - Cash and cash equivalents increased to CNY 479,251,277.37 from CNY 426,894,234.69, reflecting improved liquidity[15] - Cash and cash equivalents at the end of Q1 2022 amounted to ¥181,627,105.56, an increase from ¥82,345,287.35 at the end of Q1 2021[24] - The company incurred a net cash outflow from financing activities of ¥51,448,245.49 in Q1 2022, compared to a larger outflow of ¥83,655,724.27 in Q1 2021[24] Assets and Liabilities - Total assets at the end of Q1 2022 were CNY 1,375,406,665.52, a slight increase of 0.52% from the end of the previous year[6] - As of March 31, 2022, the company's total assets amounted to CNY 1,375,406,665.52, a slight increase from CNY 1,368,349,122.92 on December 31, 2021[15] - The company's total liabilities decreased from CNY 486,740,069.24 to CNY 463,127,932.81, indicating a reduction in financial obligations[17] - The company's total equity rose from CNY 881,609,053.68 to CNY 912,278,732.71, indicating a strengthening of the financial position[17] Shareholder Information - Shareholders' equity attributable to the parent company increased by 2.44% to CNY 1,018,274,382.14 compared to the end of the previous year[6] - The controlling shareholder has pledged 96.23% of their shares, totaling 137,735,043 shares, due to a financing need of CNY 530 million[12] - As of the report date, 142,633,473 shares, or 48.46% of the total share capital, were under judicial freeze, which may pose future risks to control and governance[12] Operational Insights - The increase in operating revenue was primarily driven by a significant rise in sales orders from the subsidiary Jiuyi Lithium Energy compared to the previous year[7] - Total operating costs increased to ¥184,959,123.11, up 37.9% from ¥134,067,793.69 in the same period last year[20] - Research and development expenses rose to ¥10,133,992.73, a 57.5% increase from ¥6,431,900.66 in Q1 2021[20] - The company reported a net loss of CNY 461,224,355.23 for the period, an improvement from a loss of CNY 485,503,126.57 in the previous period[17] - The company is actively communicating with stakeholders to resolve non-operational fund occupation issues amounting to CNY 29,911,000[12] - The company has not yet experienced any operational impact from the controlling shareholder's financial difficulties, but future uncertainties remain[12] - The company received cash from sales of goods and services totaling ¥224,227,964.57 in Q1 2022, up from ¥134,421,090.39 in Q1 2021, indicating strong sales performance[23] - Accounts receivable decreased from CNY 170,692,664.22 to CNY 148,869,063.55, suggesting a potential improvement in collection efficiency[15]