Milkground(SH:600882)2022-04-18 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥1,285,991,540.08, representing a year-on-year increase of 35.24%[5] - Net profit attributable to shareholders for Q1 2022 was ¥73,523,741.76, a significant increase of 129.55% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥68,765,152.85, up 118.13% year-on-year[5] - The basic earnings per share for Q1 2022 was ¥0.144, reflecting an increase of 84.62% from the previous year[5] - Total revenue for Q1 2022 reached ¥1,285,991,540.08, a 35.2% increase from ¥950,926,004.79 in Q1 2021[25] - Net profit for Q1 2022 was ¥81,191,046.71, compared to ¥40,359,959.41 in Q1 2021, representing a 100.5% increase[30] - The total comprehensive income for the first quarter of 2022 was CNY 81,191,046.71, compared to CNY 40,359,959.41 in the same period of 2021, representing an increase of 100.5%[32] - Basic and diluted earnings per share for the first quarter of 2022 were both CNY 0.144, up from CNY 0.078 in the first quarter of 2021, reflecting an increase of 84.6%[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,735,937,956.06, a slight increase of 0.58% from the end of the previous year[5] - The company's total assets increased to ¥6,735,937,956.06 from ¥6,696,792,433.17, reflecting a growth of 0.6%[25] - Non-current liabilities totaled ¥357,327,971.54, slightly up from ¥357,304,952.67, indicating stability in long-term obligations[25] - The total equity attributable to shareholders decreased to ¥4,371,684,869.03 from ¥4,511,600,990.82, reflecting a decline of 3.1%[25] - The total liabilities rose to ¥1,868,056,002.78, up from ¥1,437,573,589.57, marking an increase of 30.0%[44] - The total equity decreased to ¥3,933,871,763.44 from ¥4,133,100,242.43, a decline of 4.8% year-over-year[44] Cash Flow - The cash flow from operating activities showed a net outflow of ¥131,961,886.19, a decrease of 4,250.31% year-on-year[5] - Cash inflow from operating activities for the first quarter of 2022 was CNY 1,338,350,907.09, compared to CNY 1,116,367,810.17 in the first quarter of 2021, marking an increase of 19.9%[35] - Cash outflow from operating activities totaled CNY 1,470,312,793.28 in the first quarter of 2022, resulting in a net cash flow from operating activities of CNY -131,961,886.19, compared to CNY 3,179,566.77 in the same period of 2021[35] - The net cash flow from investing activities for the first quarter of 2022 was CNY 158,191,514.17, a significant recovery from a net outflow of CNY -161,311,608.60 in the first quarter of 2021[38] - The company reported cash and cash equivalents of CNY 2,503,045,152.36 at the end of March 2022, up from CNY 502,903,786.34 at the end of December 2021, indicating a substantial increase[38] - The net cash flow from operating activities in Q1 2022 was RMB 125,318,880.27, a decrease of 18% from RMB 152,533,619.67 in Q1 2021[53] - Cash inflows from investment activities amounted to RMB 479,262,500.00 in Q1 2022, significantly higher than RMB 14,000,000.00 in Q1 2021[55] - The net cash flow from financing activities in Q1 2022 was RMB 51,337,118.61, improving from a negative cash flow of RMB -21,702,277.79 in Q1 2021[55] Shareholder Information - The total number of common shareholders at the end of the reporting period is 42,952[14] - The largest shareholder, Inner Mongolia Mengniu Dairy (Group) Co., Ltd., holds 154,862,955 shares, accounting for 30.00% of total shares[14] - The second-largest shareholder, Chai Xu, holds 76,103,632 shares, representing 14.74% of total shares, with 76,100,000 shares pledged[14] Operational Metrics - The sales revenue from cheese products increased by 49.59% compared to the same period last year, driving overall revenue growth[10] - The company experienced a rise in gross margin and a decrease in marketing expense ratio, contributing to the increase in net profit[10] - Operating costs for Q1 2022 were ¥1,188,258,143.58, up 30.5% from ¥909,949,812.90 in Q1 2021[25] - The gross profit margin decreased, with operating costs rising to ¥602,491,440.60 from ¥373,401,989.41, reflecting a significant increase in costs[48] - The company reported an increase in accounts payable to ¥635,697,414.22 from ¥440,721,405.13, indicating a rise in operational liabilities[44]