SPC(SH:600688)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 26,006,070, representing a year-on-year increase of 27.61%[4] - The net profit attributable to shareholders of the listed company was CNY 213,510, showing a significant decline of 81.81% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 241,668, down 79.14% year-on-year[4] - The basic earnings per share for the period was CNY 0.020, a decrease of 81.48% compared to the previous year[4] - Total operating revenue for Q1 2022 was CNY 26,006,070, an increase of 27.5% compared to CNY 20,379,079 in Q1 2021[15] - Net profit for Q1 2022 was CNY 214,850, a decrease of 81.7% from CNY 1,175,274 in Q1 2021[15] - Operating profit for Q1 2022 was CNY 311,893, down 79.2% from CNY 1,504,446 in Q1 2021[15] - Total comprehensive income for Q1 2022 was CNY 420,646, a decrease of 64.3% from CNY 1,177,086 in Q1 2021[16] - Basic earnings per share for Q1 2022 were CNY 0.020, down from CNY 0.108 in Q1 2021[16] Cash Flow and Assets - The net cash flow from operating activities was CNY -1,785,568, indicating a significant cash outflow[4] - Cash flow from operating activities showed a net outflow of CNY 1,785,568, compared to a net outflow of CNY 322,532 in Q1 2021[18] - Cash and cash equivalents at the end of Q1 2022 were CNY 4,987,376, a decrease from CNY 6,916,408 at the end of Q1 2021[19] - Cash inflow from financing activities in Q1 2022 was CNY 6,454,975, compared to CNY 890,000 in Q1 2021[18] - The total assets at the end of the reporting period were CNY 47,038,622, an increase of 14.24% from the end of the previous year[4] - As of March 31, 2022, total assets amounted to RMB 53,737,111, an increase from RMB 47,038,622 as of December 31, 2021, representing a growth of approximately 14.4%[12] - Current assets totaled RMB 25,755,453, up from RMB 20,932,276, indicating a rise of about 23.5% year-over-year[12] - Inventory increased significantly to RMB 9,479,927 from RMB 5,923,525, reflecting a growth of approximately 60.5%[12] - Total liabilities reached RMB 22,897,700, compared to RMB 16,643,191, marking an increase of around 37.5%[13] - The company's short-term borrowings rose to RMB 3,040,000 from RMB 1,540,000, which is an increase of about 97.4%[12] - The total equity attributable to shareholders was RMB 30,702,812, up from RMB 30,260,172, indicating a growth of about 1.5%[13] - The company reported a significant increase in accounts receivable, which rose to RMB 1,978,371 from RMB 1,169,405, representing a growth of approximately 69%[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 106,105[9] - The largest shareholder, Sinopec Limited, held 50.44% of the shares, while the second-largest shareholder, Hong Kong Central Clearing Limited, held 31.91%[9] Operational Insights - The company experienced a substantial increase in product costs due to a sharp rise in crude oil prices, impacting overall performance negatively[7] - The company has not indicated any new product launches or technological advancements during this reporting period[11] - There are no significant mergers or acquisitions reported in the current quarter[11] - Research and development expenses for Q1 2022 were CNY 11,867, slightly down from CNY 12,236 in Q1 2021[15] - Total operating costs for Q1 2022 were CNY 25,599,241, an increase of 33.6% from CNY 19,157,566 in Q1 2021[15] - The weighted average return on equity was 0.700%, a decrease of 3.24 percentage points compared to the previous year[4]