SMIC(SH:600810)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥3,857,613,326.31, representing a year-on-year increase of 28.72%[6] - The net profit attributable to shareholders of the listed company was ¥367,576,745.11, reflecting a growth of 6.37% compared to the same period last year[6] - The basic earnings per share for the period was ¥0.35, a decrease of 12.50% year-on-year[9] - Net profit for Q1 2022 was ¥368,429,669.66, slightly down from ¥369,831,402.75 in Q1 2021, indicating a decrease of 0.4%[32] - The net profit attributable to the parent company shareholders was approximately ¥367.58 million, an increase from ¥345.56 million in the previous year, representing a growth of about 6%[34] - The total comprehensive income attributable to the parent company owners reached ¥367.58 million, compared to ¥345.56 million in the same period last year, indicating a year-over-year increase of approximately 6%[34] Cash Flow - The net cash flow from operating activities increased by 78.57% to ¥479,233,766.96, primarily due to higher cash received from sales of goods and services[12] - Cash inflow from operating activities amounted to approximately ¥3.92 billion, up from ¥2.65 billion, marking an increase of about 48% year-over-year[39] - The net cash flow from operating activities was ¥479.23 million, compared to ¥268.38 million in the previous year, showing a growth of approximately 78.5%[41] - The net cash flow from investing activities was negative at approximately -¥451.48 million, an improvement from -¥693.00 million in the previous year[41] - Cash inflow from financing activities totaled approximately ¥3.57 billion, slightly down from ¥3.58 billion year-over-year[41] - The net cash flow from financing activities was ¥541.08 million, a decrease of about 57% compared to ¥1.26 billion in the previous year[41] - The ending cash and cash equivalents balance was approximately ¥7.40 billion, an increase from ¥5.23 billion year-over-year, representing a growth of about 41.5%[41] - The company received cash from sales of goods and services amounting to approximately ¥3.63 billion, compared to ¥2.46 billion in the previous year, indicating a growth of about 47.5%[39] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥27,231,582,190.79, an increase of 5.16% from the end of the previous year[9] - Long-term borrowings increased to ¥5,683,834,444.10 in Q1 2022 from ¥4,427,757,005.13 in Q1 2021, representing a growth of 28.4%[27] - Total liabilities increased to ¥18,541,018,335.39 in Q1 2022 from ¥17,557,503,545.46 in Q1 2021, reflecting an increase of 5.6%[27] - The company's equity attributable to shareholders rose to ¥8,087,104,351.99 in Q1 2022, up from ¥7,712,411,238.37 in Q1 2021, a growth of 4.9%[27] Operational Metrics - The company reported a significant increase in accounts receivable by 32.76%, attributed to higher product prices compared to the previous period[12] - The company's operating costs rose by 32.51%, mainly due to increased raw material procurement prices[12] - Total operating costs for Q1 2022 were ¥3,435,894,582.32, up from ¥2,635,052,391.30 in Q1 2021, reflecting a 30.5% increase[32] - The company recognized government subsidies of ¥4,904,622.07 related to its normal business operations[12] - The total number of ordinary shareholders at the end of the reporting period was 43,769[13] Research and Development - Research and development expenses for Q1 2022 were ¥96,855,459.12, compared to ¥78,394,111.29 in Q1 2021, an increase of 23.5%[32] - The company acquired the ownership of a technology for producing adiponitrile, enhancing its technological capabilities in the chemical sector[19] - The company has completed the registration of a patent transfer related to the production of adiponitrile, indicating progress in its R&D efforts[21] Shareholder Information - The total number of unrestricted circulating shares held by the top ten shareholders was approximately 340.6 million shares, representing a significant portion of the company's equity[17] - The company has no known related party relationships among its major shareholders, ensuring transparency in ownership[17]