NBSS(SH:600884)2022-04-27 16:00Financial Performance - The company reported a revenue of ¥5,029,500,864.87 for Q1 2022, representing a year-on-year increase of 25.76%[4] - Net profit attributable to shareholders reached ¥807,056,428.55, a significant increase of 166.93% compared to the same period last year[5] - The net profit excluding non-recurring gains and losses was ¥615,171,739.88, reflecting a year-on-year growth of 118.74%[5] - The basic earnings per share (EPS) was ¥0.377, an increase of 102.48% year-on-year[4] - Net profit for Q1 2022 was ¥836,471,026.90, compared to ¥358,587,208.93 in Q1 2021, representing a 133.3% increase[19] - The company reported a significant increase in investment income of ¥339,201,995.15 in Q1 2022, compared to ¥36,123,813.08 in Q1 2021[19] - The total comprehensive income amounted to CNY 835,149,817.14, a significant improvement from a loss of CNY 323,251,699.94 in the previous year[20] Cash Flow and Assets - The company's cash flow from operating activities was ¥107,359,328.32, with a notable improvement in cash flow management compared to the previous year[4] - Cash inflow from operating activities was CNY 4,614,726,154.91, compared to CNY 2,215,859,949.86 in the same quarter last year[22] - Cash outflow from operating activities totaled CNY 4,507,366,826.59, resulting in a net cash flow from operating activities of CNY 107,359,328.32, a turnaround from a net outflow of CNY 1,028,518,944.63 last year[22] - The company's cash and cash equivalents were reported at CNY 5.65 billion, down from CNY 9.29 billion, indicating a decrease of approximately 39.88%[15] - The ending balance of cash and cash equivalents was CNY 4,631,671,119.93, compared to CNY 4,256,555,122.97 at the end of the same quarter last year[23] - The company's total current assets amounted to approximately CNY 16.97 billion, a decrease from CNY 18.98 billion as of December 31, 2021, representing a decline of about 10.63%[15] Business Segments - The net profit from the anode materials business was ¥146,555,100, a year-on-year increase of 43.44%, driven by strong demand in the electric vehicle sector[6] - The polarizer business generated a net profit of ¥353,485,200, maintaining stable growth[6] Liabilities and Equity - Total liabilities for Q1 2022 were ¥19,661,173,810.27, down from ¥20,938,094,457.01 in Q1 2021[17] - The equity attributable to shareholders increased to ¥19,773,028,612.51 in Q1 2022 from ¥18,928,381,475.79 in Q1 2021[17] Investments and Acquisitions - The company completed the acquisition of LG Chem's LCD polarizer business in February 2021, with the mainland China delivery finalized on February 1, 2021[12] - The company terminated the equity transfer of its Taiwan subsidiary with LG Chem on February 1, 2022, focusing solely on the mainland China transaction[12] - On January 6, 2022, the board approved the sale of 100% equity in Hunan Yongshan Lithium Industry Co., Ltd., to optimize resource allocation and enhance core competitiveness[13] Shareholder Information - The top ten shareholders include Shanshan Group Co., Ltd. holding 656,022,036 shares and Shanshan Holdings Co., Ltd. holding 63,392,189 shares[11] Other Financial Metrics - The company's long-term equity investments increased to CNY 6.48 billion from CNY 6.33 billion, reflecting a growth of about 2.36%[15] - The company reported a significant increase in other receivables, which rose to CNY 593.88 million from CNY 346.96 million, an increase of approximately 71.14%[15] - Research and development expenses for Q1 2022 amounted to ¥174,788,511.01, an increase from ¥149,627,171.95 in Q1 2021[19] - The company's long-term borrowings increased to ¥3,856,857,617.25 in Q1 2022 from ¥3,369,958,766.39 in Q1 2021[17]