AikoSolar(SH:600732)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 reached ¥7,826,910,882.74, representing a year-on-year increase of 160.25%[3] - Net profit attributable to shareholders was ¥227,227,285.77, reflecting a growth of 125.81% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥185,160,463.48, an increase of 263.82% year-on-year[3] - Basic earnings per share were ¥0.11, up 120.00% from the previous year[3] - The weighted average return on equity increased by 2.50 percentage points to 4.37%[3] - Total operating revenue for Q1 2022 reached ¥7,826,910,882.74, a significant increase of 160.5% compared to ¥3,007,444,243.55 in Q1 2021[14] - Net profit for Q1 2022 was ¥227,561,899.30, compared to ¥100,651,299.47 in Q1 2021, representing a growth of 125.3%[15] - The company reported a total comprehensive income of ¥227,561,899.30 for Q1 2022, compared to ¥100,651,299.47 in Q1 2021, reflecting a growth of 125.3%[16] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥18,243,238,564.99, a 1.92% increase from the end of the previous year[3] - The company's total liabilities amounted to RMB 7,619,339,316.99, compared to RMB 7,421,819,314.92 in the previous year, reflecting an increase of approximately 2.7%[11] - The company's total liabilities as of March 31, 2022, were ¥12,433,680,412.04, compared to ¥12,318,236,255.39 at the end of 2021, indicating a slight increase of 0.9%[13] - Shareholders' equity attributable to the parent company was ¥5,308,910,070.14, up 4.47% from the previous year[3] - The total equity attributable to shareholders reached ¥5,308,910,070.14 as of March 31, 2022, up from ¥5,081,693,027.33 at the end of 2021, reflecting a growth of 4.5%[13] Cash Flow - The net cash flow from operating activities was ¥327,283,299.67, indicating a positive turnaround from negative[5] - In Q1 2022, the company reported operating cash inflows of approximately ¥5.72 billion, a significant increase of 263.5% compared to ¥1.57 billion in Q1 2021[18] - The net cash flow from operating activities for Q1 2022 was ¥327.28 million, a turnaround from a negative cash flow of ¥871.69 million in the same period last year[19] - Cash outflows for purchasing goods and services in Q1 2022 amounted to ¥5.01 billion, up from ¥2.07 billion in Q1 2021, indicating a 142.4% increase[18] - The company experienced a net cash outflow from investing activities of ¥403.67 million in Q1 2022, compared to a net outflow of ¥316.59 million in Q1 2021[19] - Cash inflows from financing activities totaled approximately ¥749.70 million in Q1 2022, down from ¥950.29 million in Q1 2021, reflecting a decrease of 21.1%[19] - The net cash flow from financing activities was ¥32.15 million in Q1 2022, a significant decline from ¥722.00 million in the same quarter of the previous year[19] - The company's cash and cash equivalents at the end of Q1 2022 stood at ¥574.84 million, an increase from ¥466.30 million at the end of Q1 2021[19] Government Subsidies - The company received government subsidies amounting to ¥42,564,182.52, which are closely related to its normal business operations[4] - The company received a government subsidy of RMB 20,000 million, with RMB 12,821,553.17 recognized as other income and RMB 187,178,446.83 recorded as deferred income[9] Inventory and Receivables - Inventory levels dropped significantly to RMB 1,514,398,499.33 from RMB 2,187,576,297.35, indicating a decrease of approximately 30.7%[11] - Accounts receivable fell to RMB 116,762,577.52 from RMB 221,259,461.30, showing a decrease of about 47.3%[10] Research and Development - Research and development expenses increased to ¥226,695,665.65 in Q1 2022, up from ¥121,759,034.70 in Q1 2021, marking an increase of 86.1%[15]