yyfp(SH:600963)2022-04-21 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥1,669,314,407.51, representing a decrease of 14.97% compared to the same period last year [6] - The net profit attributable to shareholders for Q1 2022 was ¥124,229,651.89, down 25.63% year-over-year [6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥112,957,900.46, a decline of 26.49% compared to the previous year [6] - Basic earnings per share for Q1 2022 was ¥0.070, down 24.73% from the same period last year [6] - The total comprehensive income attributable to the parent company for Q1 2022 was CNY 124,229,651.89, a decrease from CNY 167,039,436.45 in Q1 2021, representing a decline of approximately 25.6% [32] Cash Flow - The net cash flow from operating activities was ¥22,027,375.92, reflecting a decrease of 24.95% year-over-year [6] - The total cash inflow from operating activities in Q1 2022 was CNY 1,797,632,742.89, compared to CNY 1,512,567,840.79 in Q1 2021, reflecting an increase of approximately 18.9% [35] - The cash outflow from operating activities totaled CNY 1,775,605,366.97 in Q1 2022, up from CNY 1,483,216,066.06 in Q1 2021, which is an increase of about 19.7% [35] - The cash flow from investing activities in Q1 2022 resulted in a net outflow of CNY 79,568,888.33, compared to a net outflow of CNY 82,189,834.83 in Q1 2021, showing an improvement of approximately 3.2% [35] - The cash inflow from financing activities in Q1 2022 was CNY 1,155,424,913.55, a decrease from CNY 1,846,235,855.05 in Q1 2021, representing a decline of about 37.4% [35] - The net cash flow from financing activities for Q1 2022 was -CNY 45,897,925.68, an improvement from -CNY 181,640,499.13 in Q1 2021 [35] - The ending balance of cash and cash equivalents as of Q1 2022 was CNY 647,305,064.81, compared to CNY 482,367,476.07 at the end of Q1 2021, indicating an increase of approximately 34.2% [35] - The company reported a total cash inflow from tax refunds of CNY 11,467,613.08 in Q1 2022, compared to CNY 5,125,143.35 in Q1 2021, which is an increase of approximately 123.5% [35] Assets and Liabilities - Total assets at the end of Q1 2022 amounted to ¥16,670,715,647.65, an increase of 1.33% from the end of the previous year [9] - The equity attributable to shareholders at the end of Q1 2022 was ¥8,888,342,584.11, up 1.54% compared to the end of the previous year [9] - The company's total liabilities increased to CNY 7,740,475,459.00 in Q1 2022 from CNY 7,658,211,962.70 in Q1 2021, representing a growth of 1.07% [27] - The total non-current liabilities increased to CNY 2,083,172,706.28 in Q1 2022 from CNY 1,757,420,100.33 in Q1 2021, marking a significant rise of 18.5% [25] - Total liabilities include short-term borrowings of ¥2,180,047,033.32, slightly down from ¥2,220,476,020.12 [22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 86,314 [14] - The largest shareholder, Taige Lin Paper Group Co., Ltd., holds 361,424,101 shares, accounting for 20.03% of the total shares [14] - The second-largest shareholder, China Paper Investment Co., Ltd., holds 260,000,000 shares, representing 14.41% of the total shares [14] Other Financial Metrics - The weighted average return on net assets decreased by 0.52 percentage points to 1.41% for Q1 2022 [9] - The company experienced an increase in financial expenses due to significantly higher interest costs compared to the same period last year [11] - Research and development expenses for Q1 2022 were CNY 52,195,965.16, a decrease of 16.8% compared to CNY 62,843,912.65 in Q1 2021 [30] - The company's retained earnings increased to CNY 1,384,614,606.25 in Q1 2022 from CNY 1,260,384,954.36 in Q1 2021, showing a growth of 9.8% [27] - The company's cash and cash equivalents as of March 31, 2022, amount to ¥1,043,703,880, an increase from ¥865,588,147.30 at the end of 2021 [18] - Accounts receivable decreased to ¥529,324,524.74 from ¥729,654,371.68 year-over-year [18] - Inventory increased to ¥5,525,132,580.30 from ¥5,342,391,245.50 year-over-year [22] - The company has a total of 6,430,126,533.41 in non-current assets, a slight increase from 6,405,407,309.41 year-over-year [22] - The company has pledged 14,500,000 shares to secure the exchangeable bonds issued to professional investors [17]