BeiyuanGroup(SH:601568)2022-04-19 16:00Financial Performance - The company's operating revenue for Q1 2022 was RMB 3,144,537,779.27, representing a year-on-year increase of 20.24%[4] - The net profit attributable to shareholders was RMB 515,203,707.58, reflecting a growth of 6.22% compared to the same period last year[4] - Basic and diluted earnings per share were both RMB 0.14, an increase of 7.69% year-on-year[4] - The company's net profit for Q1 2022 was CNY 515,203,707.58, an increase of 6.4% compared to CNY 485,011,801.31 in Q1 2021[20] - Operating profit for Q1 2022 reached CNY 606,941,045.94, up from CNY 564,421,194.49 in the same period last year, reflecting a growth of 7.1%[20] - The total profit for Q1 2022 was CNY 610,126,421.15, up from CNY 575,543,582.12 in Q1 2021, marking a growth of 6.0%[20] Cash Flow - The net cash flow from operating activities decreased by 71.31%, primarily due to an increase in the amount of payable notes due[8] - The company reported a net cash flow from operating activities of CNY 290,997,189.88, down 71.3% from CNY 1,014,387,971.18 in the previous year[22] - The company's cash outflow from operating activities was CNY 2,235,723,122.58, significantly higher than CNY 1,200,759,582.63 in the previous year, indicating increased operational expenditures[22] - Cash inflow from operating activities totaled ¥2,282,019,118.87, up from ¥2,104,501,843.86 in the previous year, representing an increase of 8.4%[29] - Cash outflow from operating activities increased significantly to ¥2,029,914,513.96, compared to ¥1,321,782,885.99 in Q1 2021, marking a rise of 53.5%[29] Assets and Liabilities - Total assets at the end of the reporting period were RMB 16,792,956,761.46, showing a slight decrease of 0.54% from the end of the previous year[4] - Total assets decreased to RMB 16,702,043,376.01 as of March 31, 2022, from RMB 16,792,956,761.46 at the end of 2021[16] - Total liabilities as of March 31, 2022, were RMB 2,714,899,294.32, down from RMB 3,321,662,094.49 at the end of 2021, a decrease of 18.3%[16] - The total liabilities decreased to RMB 2,649,077,071.52 in Q1 2022 from RMB 3,238,218,177.64 in Q1 2021, indicating a reduction of 18.2%[25] - The company's total cash and cash equivalents as of March 31, 2022, amounted to RMB 6,736,756,639.06, slightly up from RMB 6,604,754,956.77 at the end of 2021[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 80,810[9] - The largest shareholder, Shaanxi Coal and Chemical Industry Group Co., Ltd., held 1,275,166,667 shares, accounting for 35.31% of the total shares[9] - The company's equity attributable to shareholders increased to RMB 13,987,144,081.69 as of March 31, 2022, compared to RMB 13,471,294,666.97 at the end of 2021, reflecting a growth of 3.8%[16] Research and Development - Research and development expenses decreased to CNY 20,146,176.30 from CNY 23,705,125.01, a reduction of 15.5% year-over-year[20] - Research and development expenses for Q1 2022 were RMB 17,191,860.24, slightly down from RMB 18,713,661.56 in Q1 2021, a decrease of 8.1%[27] Financial Costs - The company incurred financial expenses of CNY -53,843,608.81, compared to CNY -37,635,098.48 in the previous year, indicating an increase in financial costs[20] - The company's financial expenses showed a net income of RMB -53,209,886.43 in Q1 2022, compared to RMB -37,520,215.59 in Q1 2021, indicating an increase in financial costs[27] Other Information - The company did not disclose any new product developments or market expansion strategies in this report[11] - The company has implemented new accounting standards starting from 2022, which may affect future financial reporting[30]