SPM(SH:600459)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥8,674,025,353.14, representing a decrease of 0.17% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥190,377,506.18, an increase of 11.78% year-on-year[5]. - Basic earnings per share were ¥0.32, down 17.95% year-on-year[5]. - Net profit for Q1 2022 was CNY 197,379,777.06, compared to CNY 179,062,854.17 in Q1 2021, marking an increase of approximately 10.19%[30]. - Total equity attributable to shareholders rose to CNY 3,948,109,637.29 in Q1 2022 from CNY 3,724,302,115.16 in Q1 2021, reflecting an increase of about 6.03%[30]. Cash Flow - The net cash flow from operating activities was -¥166,407,943.18, a decrease of 83.24% compared to the previous year, primarily due to reduced inventory occupation[5][10]. - In Q1 2022, the company's cash inflow from operating activities was approximately ¥7.56 billion, a decrease of 8.1% compared to ¥8.23 billion in Q1 2021[37]. - The net cash outflow from operating activities was approximately -¥166.41 million, an improvement from -¥992.92 million in the same quarter last year[37]. - Cash inflow from financing activities was approximately ¥411.24 million, significantly lower than ¥2.58 billion in Q1 2021[39]. - The net cash outflow from financing activities was approximately -¥677.78 million, contrasting with a net inflow of ¥1.10 billion in the same quarter last year[39]. Assets and Liabilities - Total assets at the end of the reporting period were ¥11,375,232,640.16, an increase of 2.69% from the end of the previous year[8]. - Total liabilities as of March 31, 2022, were RMB 6,057,186,209.93, compared to RMB 5,628,431,247.73 as of December 31, 2021[24]. - The company's non-current liabilities decreased from RMB 2,836,400,000.00 to RMB 2,635,046,165.28, a reduction of approximately 7.1%[24]. - The total assets of the company reached RMB 11,375,232,640.16, an increase from RMB 11,077,200,896.97 as of December 31, 2021[24]. Shareholder Information - The company had a total of 45,924 common shareholders at the end of the reporting period[13]. - The largest shareholder, Yunnan Investment Holding Group Co., Ltd., held 38.16% of the shares[13]. - The company signed a share transfer agreement with Yunnan Investment Holding Group to acquire 100% equity of Yunnan Precious Metals New Materials Holding Group for a transfer price of RMB 58.2177 million[17]. Inventory and Receivables - Accounts receivable increased significantly to RMB 2,278,837,189.22 from RMB 1,681,304,240.03 year-over-year, indicating a growth of approximately 35.5%[20]. - Inventory rose to RMB 4,111,186,814.54, up from RMB 3,460,682,295.05, reflecting an increase of about 18.8%[20]. - The company reported a significant increase in prepayments to RMB 588,207,691.20 from RMB 134,189,941.24 year-over-year[20]. Expenses - Total operating costs increased to CNY 8,470,012,395.21 in Q1 2022 from CNY 8,443,532,987.40 in Q1 2021, reflecting an increase of about 0.31%[30]. - Research and development expenses decreased to CNY 35,782,034.54 in Q1 2022 from CNY 59,647,693.71 in Q1 2021, indicating a decrease of about 40.05%[30]. - The company reported a financial expense of CNY 52,075,234.41 in Q1 2022, down from CNY 66,479,296.36 in Q1 2021, reflecting a decrease of approximately 21.67%[30]. Other Financial Metrics - Non-recurring gains and losses amounted to ¥2,927,219.80 after tax, with a significant portion attributed to government subsidies[10]. - The weighted average return on net assets was 4.98%, an increase of 0.13 percentage points[5]. - The company received tax refunds amounting to approximately ¥33.93 million, a significant increase from ¥7.05 million in Q1 2021[37]. - The total cash outflow for employee payments increased to approximately ¥61.47 million from ¥48.52 million in Q1 2021[37]. - The company experienced a foreign exchange loss of approximately -¥1.36 million during the quarter[39].