Huafon Aluminium(SH:601702)2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥1,985,560,080.27, representing a year-on-year increase of 36.54%[2] - The net profit attributable to shareholders for Q1 2022 was ¥102,759,251.45, showing a slight increase of 0.73% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥99,507,002.76, with a year-on-year increase of 1.86%[2] - Total revenue for Q1 2022 was RMB 1,985,560,080.27, an increase of 36.4% compared to RMB 1,454,249,884.05 in Q1 2021[14] - Net profit for Q1 2022 reached RMB 102,766,459.36, a slight increase from RMB 101,998,869.05 in Q1 2021[15] - Operating profit for Q1 2022 was RMB 123,673,641.22, compared to RMB 119,724,108.05 in Q1 2021, reflecting a growth of 3.7%[14] - Total profit for Q1 2022 was approximately ¥49.63 million, a decrease of 34% compared to ¥75.68 million in Q1 2021[21] Assets and Liabilities - The total assets at the end of Q1 2022 amounted to ¥6,207,487,691.24, reflecting a growth of 6.57% from the end of the previous year[3] - The total liabilities increased to RMB 2,964,662,198.90 from RMB 2,683,917,835.42, representing a rise of about 10.43%[13] - The company's total equity attributable to shareholders increased to RMB 3,242,810,996.10 from RMB 3,140,852,230.48, showing a growth of approximately 3.25%[13] - The company's total liabilities increased to $2,288,977,540.62 from $2,048,169,910.56, representing an increase of about 11.7%[19] - The company's total equity reached $2,762,902,703.92, up from $2,718,789,253.83, reflecting a growth of approximately 1.6%[20] Cash Flow - The net cash flow from operating activities for Q1 2022 was negative at -¥524,177,305.28, with no applicable year-on-year comparison[2] - Cash flow from operating activities for Q1 2022 was negative RMB 524,177,305.28, worsening from negative RMB 196,316,574.49 in Q1 2021[16] - The company experienced a net cash inflow from investment activities of RMB 106,141,912.78 in Q1 2022, compared to RMB 48,670,000.00 in Q1 2021[16] - The cash inflow from operating activities totaled approximately ¥1.39 billion in Q1 2022, compared to ¥1.35 billion in Q1 2021[23] - The cash outflow for operating activities was approximately ¥1.55 billion in Q1 2022, slightly higher than ¥1.54 billion in Q1 2021[24] Expenses - Total operating costs for Q1 2022 were RMB 1,845,503,182.64, up 39.9% from RMB 1,318,293,648.29 in Q1 2021[14] - Research and development expenses decreased to RMB 50,483,516.52 in Q1 2022 from RMB 67,740,877.04 in Q1 2021, a reduction of 25.5%[14] - The company reported financial expenses of approximately ¥30.60 million in Q1 2022, an increase from ¥18.21 million in Q1 2021[21] - Research and development expenses decreased to approximately ¥28.58 million in Q1 2022 from ¥39.73 million in Q1 2021, reflecting a reduction of about 28%[21] Inventory and Receivables - Accounts receivable rose to RMB 1,289,281,420.62 from RMB 1,120,740,510.58, marking an increase of about 15.03%[11] - Inventory increased significantly to RMB 2,050,993,061.12 from RMB 1,639,693,479.94, which is an increase of approximately 25.1%[11] - The company's inventory increased to $914,619,108.47 from $821,860,486.82, indicating a rise of approximately 11.3%[18] Cash and Equivalents - The company's cash and cash equivalents decreased to RMB 103,644,289.40 from RMB 320,522,125.08, indicating a decline of approximately 67.7%[11] - The cash and cash equivalents at the end of Q1 2022 were approximately ¥27.33 million, down from ¥84.16 million at the end of Q1 2021[24] - The company's cash and cash equivalents at the end of the period were $61,934,672.29, down from $104,261,274.14, indicating a decrease of about 40%[17]