XCEC(SH:600777)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was RMB 1,681,657,312.34, representing a year-on-year increase of 38.74%[4] - Net profit attributable to shareholders was RMB 526,684,158.96, reflecting a significant increase of 108.08% compared to the same period last year[4] - Basic earnings per share were RMB 0.0774, up 108.06% from the previous year[4] - Net profit for Q1 2022 reached 526,684,158.96 RMB, representing a 108.2% increase from 253,112,256.66 RMB in Q1 2021[16] - The net profit attributable to the parent company shareholders for Q1 2022 was approximately ¥526.68 million, compared to ¥253.11 million in Q1 2021, representing a year-over-year increase of 108.2%[17] - The total comprehensive income attributable to the parent company owners for Q1 2022 was approximately -¥56.55 million, a decrease from ¥64.08 million in Q1 2021[17] Cash Flow - The net cash flow from operating activities reached RMB 1,261,413,934.07, marking a 140.00% increase year-on-year[4] - The net cash flow from operating activities for Q1 2022 was approximately ¥1.26 billion, up from ¥525.59 million in Q1 2021, indicating a significant increase of 139.8%[19] - Cash inflows from operating activities totaled approximately ¥1.80 billion in Q1 2022, compared to ¥987.37 million in Q1 2021, marking an increase of 82.3%[18] - Cash outflows from operating activities amounted to approximately ¥542.22 million in Q1 2022, compared to ¥461.77 million in Q1 2021, reflecting an increase of 17.4%[19] - The net cash flow from investing activities for Q1 2022 was approximately -¥572.82 million, a decrease from -¥2.67 billion in Q1 2021[19] - The net cash flow from financing activities for Q1 2022 was approximately -¥831.25 million, compared to a positive cash flow of ¥2.16 billion in Q1 2021[19] - The ending balance of cash and cash equivalents as of the end of Q1 2022 was approximately ¥659.89 million, down from ¥771.01 million at the end of Q1 2021[20] Assets and Liabilities - Total assets as of March 31, 2022, were RMB 26,572,714,754.96, a slight increase of 1.44% from the end of the previous year[5] - Total assets as of March 31, 2022, amounted to 26,572,714,754.96 RMB, up from 26,196,652,616.76 RMB at the end of 2021[14] - Total liabilities increased to 14,422,347,023.82 RMB in Q1 2022, compared to 13,989,739,540.15 RMB in Q1 2021, indicating a rise of 3.1%[14] - The company’s equity attributable to shareholders decreased slightly to 12,150,367,731.14 RMB in Q1 2022 from 12,206,913,076.61 RMB at the end of 2021[14] Shareholder Information - The top ten shareholders held a total of 1,800,000,000 shares, with the largest shareholder owning 6.39% of the company[8] Operational Highlights - The increase in revenue and profit was primarily driven by a rise in oil and gas production and prices compared to the previous year[7] - Total operating costs for Q1 2022 were 1,016,071,100.48 RMB, up 15.0% from 884,227,581.72 RMB in Q1 2021[15] - Accounts receivable increased to 1,342,899,480.06 RMB in Q1 2022, compared to 1,163,469,387.85 RMB at the end of 2021, reflecting a growth of 15.4%[11] - The company reported non-recurring gains and losses totaling RMB 785,884.50 for the period[6] - Research and development expenses for Q1 2022 were not explicitly stated but are part of the overall operating costs[16] - The company reported a significant increase in financial liabilities, with derivative financial liabilities rising to 72,437,817.61 RMB from 41,195,562.66 RMB year-over-year[12] Foreign Exchange Impact - The company experienced a foreign exchange loss of approximately -¥3.46 million in Q1 2022, compared to a loss of -¥67.48 million in Q1 2021, indicating an improvement in foreign exchange impact[20] Strategic Developments - There were no significant new strategies or product developments mentioned in the report[10]