BAOTI(SH:600456)2022-04-20 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥1,583,604,267.36, representing a year-on-year increase of 30.18%[6] - The net profit attributable to shareholders of the listed company reached ¥193,468,978.45, marking a significant increase of 100.99% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥191,482,073.43, up by 108.32% year-on-year[6] - The basic earnings per share for the period was ¥0.4049, reflecting an increase of 87.63%[9] - The weighted average return on net assets increased by 1.11 percentage points to 3.15%[9] - The total assets at the end of the reporting period were ¥12,961,744,550.71, an increase of 10.25% from the end of the previous year[9] - The company reported a total profit of $246,458,098.56 for Q1 2022, compared to $122,454,720.49 in Q1 2021, marking a 101.5% increase[36] - Net profit for Q1 2022 was $213,592,321.82, representing a 98.8% increase compared to $107,402,913.24 in Q1 2021[36] Cash Flow and Liquidity - The cash flow from operating activities showed a net outflow of ¥229,991,403.90, which is a decrease of 62.34% compared to the previous year[9] - Cash flow from operating activities showed a net outflow of $229,991,403.90, an improvement from a net outflow of $610,717,707.32 in Q1 2021[39] - The net cash flow from investing activities was -83,844,821.30, compared to -49,775,580.33 in the previous period, indicating a significant increase in cash outflow for investments[42] - The net cash flow from financing activities was 798,668,522.35, down from 1,953,803,142.59 in the prior period, reflecting a decline in overall financing activity[42] - The ending balance of cash and cash equivalents was 1,834,418,217.57, down from 2,075,714,554.69 in the prior period, suggesting a decrease in liquidity[42] Assets and Liabilities - The company's current assets as of March 31, 2022, totaled RMB 9,595,661,278.57, an increase from RMB 8,410,690,801.64 in the previous year[24] - The total liabilities increased to RMB 6,264,146,028.46 from RMB 5,274,173,133.87, showing a growth of about 18.8%[30] - The company's total assets reached RMB 12,961,744,550.71, compared to RMB 11,756,706,145.91 in the previous year, marking an increase of approximately 10.2%[30] Sales and Production - The production volume of titanium products increased by 37.85% year-over-year, reaching 7,414.47 tons[21] - The sales volume of titanium products rose by 42.01% year-over-year, totaling 7,672.56 tons[21] Expenses - Total operating costs increased to $1,305,765,667.71, up 21.9% from $1,070,138,492.69 in the same period last year[33] - Research and development expenses decreased to $18,306,822.04 from $19,795,826.23, a reduction of 7.5% year-over-year[33] - Sales expenses increased to $16,296,462.95, up 22.4% from $13,271,934.08 in Q1 2021[33] Accounts Receivable and Cash Equivalents - Accounts receivable increased by 46.64%, attributed to the rise in sales revenue during the reporting period[12] - The accounts receivable rose to RMB 2,181,684,692.42, up from RMB 1,487,742,861.81, indicating a significant increase of 46.7%[24] - The company's cash and cash equivalents increased to RMB 2,143,094,081.00 from RMB 1,635,038,120.47 year-over-year[24]