科达制造(600499) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was RMB 254,254.44 million, representing a year-on-year increase of 20.36%[4] - The net profit attributable to shareholders was RMB 90,131.05 million, showing a significant increase of 372.60% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 82,437.41 million, up by 362.08% year-on-year[4] - The basic earnings per share for the period was RMB 0.477, reflecting a growth of 367.65%[4] - The weighted average return on equity increased by 9.22 percentage points to 12.37%[4] - Total revenue for Q1 2022 reached ¥2,542,544,372.48, an increase of 20.4% compared to ¥2,112,423,591.95 in Q1 2021[16] - Operating profit for Q1 2022 was ¥1,082,798,816.43, significantly up from ¥300,093,135.53 in Q1 2021, marking a growth of 260.5%[17] - Net profit attributable to shareholders for Q1 2022 was ¥901,310,467.30, compared to ¥190,714,860.50 in Q1 2021, reflecting an increase of 372.5%[17] - The comprehensive income for Q1 2022 was ¥949,231,260.21, compared to ¥259,817,858.80 in Q1 2021, reflecting a growth of 265.5%[18] - Basic earnings per share for Q1 2022 were ¥0.477, up from ¥0.102 in Q1 2021, indicating a significant increase of 368.6%[18] Assets and Liabilities - The total assets at the end of the reporting period were RMB 1,689,227.71 million, an increase of 4.77% from the end of the previous year[4] - The equity attributable to shareholders increased by 12.31% to RMB 769,540.90 million compared to the end of the previous year[4] - The total liabilities as of the end of Q1 2022 were ¥7,854,679,461.13, a decrease from ¥8,127,958,152.66 at the end of Q1 2021[15] - The company’s total liabilities decreased to CNY 6,127.11 million as of March 31, 2022, from CNY 6,389.09 million at the end of 2021[14] Cash Flow - The net cash flow from operating activities was negative at RMB -15,114.07 million, a decrease of 938.00% year-on-year[4] - Cash flow from operating activities for Q1 2022 was ¥2,313,259,017.34, compared to ¥2,042,592,555.28 in Q1 2021, showing an increase of 13.2%[19] - Operating cash inflow totaled $2,446,955,725.52, an increase from $2,132,583,167.81 in the previous year, reflecting a growth of approximately 14.7%[20] - Operating cash outflow amounted to $2,598,096,469.72, compared to $2,114,547,285.73 last year, representing an increase of about 22.8%[20] - Net cash flow from operating activities was -$151,140,744.20, a decline from a positive $18,035,882.08 in the same quarter last year[20] - Cash inflow from investment activities was $185,399,329.91, down from $319,383,044.61, indicating a decrease of approximately 42%[20] - Net cash flow from investment activities was -$213,534,034.79, compared to -$408,025,746.11 in the previous year, showing an improvement of about 47.6%[20] - Cash inflow from financing activities totaled $628,812,942.82, a decrease from $794,445,240.20, reflecting a decline of approximately 20.9%[21] - Net cash flow from financing activities was $71,253,470.65, down from $202,955,992.44 in the previous year, indicating a decrease of about 64.9%[21] - The ending cash and cash equivalents balance was $1,387,372,152.81, compared to $1,036,835,699.63 at the end of the previous year, representing an increase of approximately 33.8%[21] - The company reported a total cash outflow of $300,420,952.52, which is a larger outflow compared to $194,957,908.22 in the previous year[21] Business Operations - The increase in net profit was mainly driven by stable growth in the main business of construction machinery and increased investment income from Lanke Lithium Industry[6] - The company's construction machinery business has seen steady growth with orders being processed and deliveries completed during the reporting period[10] - The lithium battery materials segment has doubled its overall profit, with a capacity expansion plan for 10,000 tons/year of graphitization and 10,000 tons/year of artificial graphite set to start in Q2 2022[10] - Blue Lithium Industry, in which the company holds a 43.58% stake, produced approximately 7,000 tons of lithium carbonate and achieved revenue of CNY 2,108.61 million with a net profit of CNY 1,456.09 million in Q1 2022[10] Legal and Regulatory - The company is currently involved in a lawsuit regarding unpaid patent technology consulting fees, which may impact its operations[10] - The company plans to issue Global Depository Receipts (GDR) and apply for listing on the SIX Swiss Exchange, with a maximum of 100 million A-shares to be represented[11] Research and Development - Research and development expenses in Q1 2022 totaled ¥79,425,949.17, up from ¥57,521,991.85 in Q1 2021, indicating a rise of 38.0%[16] Accounting Standards - The company has not adopted the new accounting standards for the current year[22]