xinsteel(SH:600782)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 26,002,448,237.10, representing a year-on-year increase of 2.76%[5] - The net profit attributable to shareholders for Q1 2022 was CNY 1,030,157,221.12, reflecting a year-on-year increase of 6.12%[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 2.04% to CNY 860,737,386.71[5] - Total operating revenue for Q1 2022 was CNY 26,002,448,237.10, an increase of 2.76% from CNY 25,304,758,482.13 in Q1 2021[25] - Total operating costs for Q1 2022 were CNY 25,037,734,042.62, up 3.17% from CNY 24,269,438,974.78 in Q1 2021[25] - Net profit for Q1 2022 reached CNY 1,041,731,684.03, representing a 4.42% increase compared to CNY 997,606,367.64 in Q1 2021[29] - Total profit for Q1 2022 was CNY 1,208,175,715.88, up from CNY 1,151,267,325.50 in Q1 2021, marking a 4.95% increase[29] Cash Flow - The net cash flow from operating activities significantly decreased by 75.83% to CNY 442,062,280.12, primarily due to changes in inventory and receivables[5] - Cash inflow from operating activities for Q1 2022 was CNY 21,970,479,791.46, compared to CNY 20,551,079,912.51 in Q1 2021, indicating a growth of 6.89%[31] - The net cash flow from operating activities was 442,062,280.12, a decrease of 75.8% compared to 1,828,660,475.34 from the previous period[34] - Cash inflow from investment activities totaled 3,485,322,903.12, up 34.2% from 2,597,968,193.24 in the prior period[34] - The net cash flow from investment activities was -2,501,067,467.71, an improvement from -3,372,991,474.06 in the previous period[34] - Cash inflow from financing activities was 1,419,000,000.00, slightly down from 1,451,603,773.98 year-over-year[34] - The net cash flow from financing activities was 140,583,900.58, a decrease of 55.7% compared to 316,824,090.59 from the previous period[34] - The total cash and cash equivalents at the end of the period were 2,892,224,504.67, down from 3,191,169,988.18 in the previous year[36] - The total cash outflow from operating activities was 21,528,417,511.34, an increase of 14.5% from 18,722,419,437.17[34] Assets and Liabilities - Total assets at the end of Q1 2022 amounted to CNY 60,362,007,247.90, an increase of 2.81% compared to the end of the previous year[7] - The company's current assets totaled CNY 33,934,965,994.08, slightly down from CNY 34,463,056,180.36 at the end of 2021, indicating a decrease of about 1.5%[19] - Cash and cash equivalents decreased to CNY 3,221,771,268.62 from CNY 5,061,533,627.98, representing a decline of approximately 36.4%[19] - Accounts receivable increased to CNY 2,211,720,372.21 from CNY 1,892,482,103.48, showing a growth of about 16.8%[19] - Inventory rose to CNY 7,110,797,275.50 from CNY 6,248,619,543.33, marking an increase of approximately 13.8%[19] - The total liabilities of the company were CNY 31,669,151,851.21, up from CNY 31,060,753,769.08, indicating an increase of about 2%[22] - The company's equity attributable to shareholders reached CNY 27,928,270,578.40, compared to CNY 26,899,150,392.11, reflecting a growth of approximately 3.8%[23] - The company's short-term borrowings increased to CNY 3,206,000,000.00 from CNY 3,113,806,696.84, representing a rise of about 3%[22] - The company reported a decrease in other receivables to CNY 130,415,304.94 from CNY 171,383,995.43, which is a decline of approximately 24%[19] - The company’s non-current assets totaled CNY 26,427,041,253.82, an increase from CNY 24,249,858,336.21, indicating a growth of about 9%[19] Shareholder Information - The top shareholder, Xinyu Steel Group Co., Ltd., holds 1,217,098,232 shares, accounting for 38.17% of the total shares[12] Research and Development - Research and development expenses in Q1 2022 totaled CNY 143,885,877.88, an increase of 25.83% from CNY 114,437,216.76 in Q1 2021[25] Other Income and Expenses - Other income for Q1 2022 was CNY 54,185,904.40, compared to CNY 34,990,948.53 in Q1 2021, reflecting a growth of 55.06%[25] - Financial expenses for Q1 2022 were CNY 51,827,579.45, an increase of 96.06% from CNY 26,458,028.72 in Q1 2021[25] - Investment income for Q1 2022 was CNY 81,375,526.57, up from CNY 74,828,849.77 in Q1 2021, showing an increase of 8.25%[25]