YMCC(SH:600691)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥4,733,090,016.19, representing a year-on-year increase of 7.36%[6] - Net profit attributable to shareholders was ¥92,598,265.30, a decrease of 30.41% compared to the same period last year[6] - The net profit for Q1 2022 was approximately ¥108.56 million, a decrease of 27% compared to ¥148.81 million in Q1 2021[28] - The operating profit for Q1 2022 was approximately ¥141.32 million, down 18% from ¥171.90 million in Q1 2021[28] - The total comprehensive income for Q1 2022 was approximately ¥108.56 million, compared to ¥148.81 million in Q1 2021, reflecting a decrease of 27%[31] - Basic and diluted earnings per share for Q1 2022 were both ¥0.0390, down from ¥0.0560 in Q1 2021[31] Cash Flow and Liquidity - The net cash flow from operating activities was ¥449,619,814.82, down 12.06% year-on-year[6] - Cash flow from operating activities for Q1 2022 was approximately ¥449.62 million, a decrease from ¥511.28 million in Q1 2021[34] - Cash inflow from operating activities totaled approximately ¥4.89 billion in Q1 2022, compared to ¥4.39 billion in Q1 2021, indicating a growth of 11.5%[34] - Cash outflow from operating activities was approximately ¥4.44 billion in Q1 2022, compared to ¥3.87 billion in Q1 2021, representing an increase of 14.5%[34] - The ending balance of cash and cash equivalents as of Q1 2022 was approximately ¥2.62 billion, compared to ¥2.03 billion at the end of Q1 2021[34] - The cash and cash equivalents decreased to ¥5,470,125,087.34 as of March 31, 2022, from ¥5,926,194,780.25 at the end of 2021, a decline of 7.67%[16] Assets and Liabilities - Total assets at the end of the reporting period were ¥23,801,314,151.93, a decrease of 2.60% from the end of the previous year[9] - The total assets decreased to ¥23,801,314,151.93 from ¥24,435,440,755.85, a reduction of 2.60%[25] - The total liabilities decreased to ¥16,857,649,329.77 from ¥17,604,791,147.05, reflecting a decline of 4.23%[22] - The equity attributable to shareholders increased to ¥6,063,579,025.66 from ¥5,967,216,164.28, showing an increase of 1.53%[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 86,146[12] - The largest shareholder, Huayang New Materials Technology Group Co., Ltd., held 574,674,600 shares, accounting for 24.19% of the total[12] Operational Highlights - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[6] - The company reported non-recurring gains and losses totaling ¥9,522,675.25 for the period[9] - Research and development expenses for Q1 2022 were ¥28,018,780.95, slightly down from ¥30,049,429.25 in Q1 2021, a decrease of 6.77%[25] Other Financial Metrics - The weighted average return on equity was 1.54%, a decrease of 0.84 percentage points compared to the previous year[6] - The company experienced a 54.63% decrease in other current assets due to a reduction in input VAT[9] - Accounts receivable increased to ¥1,327,324,255.38 from ¥1,269,451,528.97, representing a growth of 4.55%[16] - Inventory as of March 31, 2022, was ¥1,712,374,201.20, down from ¥1,764,942,033.97, indicating a decrease of 2.99%[19] - The interest expense for Q1 2022 was approximately ¥135.88 million, down from ¥149.67 million in Q1 2021, reflecting a decrease of 9.5%[28]