GUANNONG SHARE(SH:600251)2022-04-22 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,447,633,307.30, a decrease of 18.79% compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 220,168,331.41, an increase of 171.63% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was CNY 186,921,847.87, reflecting a year-on-year increase of 164.92%[3]. - Basic and diluted earnings per share were both CNY 0.2817, an increase of 172.70% year-on-year[3]. - The significant increase in net profit was mainly attributed to the rise in potash fertilizer prices, leading to higher investment returns[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 164.92 million, primarily due to the significant increase in net profit from the associated company Guotou Luokai, driven by rising potash prices[7]. - The total comprehensive income for Q1 2022 was CNY 206,183,209.62, up from CNY 121,853,241.41 in Q1 2021, reflecting a growth of approximately 69.2%[17]. - The net profit for Q1 2022 was CNY 198,133,492.21, a significant increase from CNY 99,209,541.41 in Q1 2021, representing a growth of approximately 100.5%[17]. - The net profit for Q1 2022 was CNY 205,736,784.33, a significant increase compared to CNY 61,601,863.02 in Q1 2021, representing a growth of approximately 233.5%[26]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 594,470,807.75, down 47.58% compared to the previous year[3]. - Cash inflows from operating activities totaled CNY 2,144,738,503.34, down from CNY 2,579,915,101.50 in the previous year, a decrease of approximately 16.9%[19]. - Cash outflows from operating activities were CNY 1,550,267,695.59, compared to CNY 1,445,800,961.41 in Q1 2021, representing an increase of about 7.2%[19]. - The company's cash and cash equivalents showed a significant increase, contributing to improved liquidity[15]. - The company's cash and cash equivalents increased to CNY 1,055,663,530.83 at the end of Q1 2022, compared to CNY 661,861,687.68 at the end of 2021, representing a rise of approximately 59.5%[21]. - The net cash flow from financing activities was negative CNY 300,544,095.62 for Q1 2022, compared to negative CNY 1,145,624,275.89 in the same period of the previous year[21]. - The company reported a net cash increase of CNY 264,863,557.69 in Q1 2022, compared to CNY 24,638,210.40 in the same period of the previous year, representing a substantial improvement[21]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,503,450,775.19, up 5.32% from the end of the previous year[3]. - Total current assets increased to CNY 5,024.73 million from CNY 4,741.76 million year-over-year[12]. - Long-term equity investments rose to CNY 1,015.31 million from CNY 928.91 million year-over-year[12]. - Total liabilities as of Q1 2022 amounted to CNY 4,150,929,387.47, compared to CNY 3,978,931,535.27 in Q1 2021, an increase of 4.3%[13]. - The total liabilities amounted to CNY 256,890,926.46 as of March 31, 2022, compared to CNY 190,470,241.31 at the end of 2021, reflecting an increase of about 35%[24]. - Total equity for Q1 2022 was CNY 3,352,521,387.72, up from CNY 3,145,180,122.50 in Q1 2021, representing an increase of 6.6%[13]. - The company's equity increased to CNY 2,756,688,938.49 in Q1 2022 from CNY 2,549,794,098.59 in Q1 2021, showing a growth of approximately 8.1%[24]. Operating Performance - Total operating costs for Q1 2022 were CNY 1,510,686,973.88, down from CNY 1,765,561,754.38 in Q1 2021, reflecting a reduction of 14.4%[15]. - Operating profit for Q1 2022 increased to CNY 198,767,747.57, compared to CNY 99,660,540.38 in Q1 2021, representing a growth of 99.5%[15]. - The company plans to focus on market expansion and new product development in the upcoming quarters[15]. - Research and development expenses rose to CNY 1,470,276.45 in Q1 2022, compared to CNY 330,933.41 in Q1 2021, indicating a substantial increase of 344.5%[15]. - Investment income for Q1 2022 was CNY 202,177,878.18, up from CNY 60,537,635.62 in Q1 2021, reflecting an increase of 233.5%[15]. - The cost of goods sold increased to CNY 561,268.87 in Q1 2022 from CNY 435,628.67 in Q1 2021, reflecting a rise of about 28.8%[24]. - The company received CNY 120,869,367.04 in investment income during Q1 2022, reflecting a strong performance in this area[28]. Shareholder Information - Shareholders' equity attributable to the parent company was CNY 2,978,728,510.67, an increase of 8.15% compared to the end of the previous year[3]. - The top ten shareholders include Xinjiang Guannong Group Co., Ltd. holding 41.07% of shares, indicating a strong concentration of ownership[7].