JYT(SH:601908)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,936,760,637.59, representing a year-on-year increase of 76.79%[5] - Net profit attributable to shareholders was CNY 8,924,670.69, showing a significant decrease of 95.89% compared to the same period last year[5] - Basic and diluted earnings per share were both CNY 0.004, down 96.00% from the previous year[5] - The net profit for the first quarter of 2022 decreased compared to the same period last year, primarily impacted by the new materials business[17] - The total comprehensive income for Q1 2022 was RMB 18,039,027.40, down from RMB 210,738,989.16 in Q1 2021, indicating a significant decline[31] - The company's total comprehensive income for Q1 2022 was ¥9,444,489.25, a significant improvement from a loss of ¥18,844,488.69 in Q1 2021[52] Cash Flow - The net cash flow from operating activities was negative at CNY -57,602,587.42, a decline of 137.57% year-on-year[5] - In Q1 2022, the cash inflow from operating activities totaled CNY 974,886,200.62, a significant increase from CNY 528,767,959.75 in Q1 2021, representing an increase of approximately 84.5%[36] - The net cash outflow from operating activities was CNY -57,602,587.42 in Q1 2022, compared to a net inflow of CNY 153,327,309.81 in Q1 2021, indicating a decline in operational cash flow[36] - Cash inflow from investment activities was CNY 980,805,002.80 in Q1 2022, up from CNY 707,877,539.49 in Q1 2021, marking an increase of about 38.4%[38] - The company's total cash and cash equivalents at the end of Q1 2022 stood at CNY 2,835,539,939.03, down from CNY 3,049,386,947.70 at the end of Q1 2021[38] Assets and Liabilities - Total assets at the end of the reporting period were CNY 22,182,725,287.39, an increase of 1.42% from the end of the previous year[5] - The company's total assets increased to CNY 13,747,183,118.77 as of March 31, 2022, compared to CNY 13,616,411,234.91 at the end of 2021, reflecting a growth of approximately 1.0%[40] - The total liabilities increased to RMB 11,307,056,482.68 in Q1 2022 from RMB 11,029,040,630.13 in Q1 2021, marking a growth of 2.5%[29] - The company's total liabilities increased, impacting its financial leverage and operational strategy moving forward[50] Operational Highlights - The company reported a 76.79% increase in operating income due to the growth in new material sales[9] - The company experienced a 161.44% increase in operating costs, also attributed to the rise in new material sales[9] - The company's high-end equipment, new energy generation, and energy-saving environmental protection businesses maintained stable revenue and profit compared to the same period last year[17] - New materials business revenue increased year-on-year, but profit decreased due to production capacity ramp-up and rising raw material costs[17] - The company's Ulanqab base renovation was completed in mid-March 2022, restoring normal production capacity, which is expected to positively impact revenue and profit in the second to fourth quarters of 2022[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 142,986[13] - Total equity attributable to shareholders of the parent company rose to RMB 10,806,681,219.73 in Q1 2022, compared to RMB 10,782,699,049.04 in Q1 2021, an increase of 0.2%[29] Research and Development - Research and development expenses for Q1 2022 were RMB 62,190,367.48, slightly up from RMB 58,298,773.55 in Q1 2021, indicating a focus on innovation[29] - Research and development expenses increased to ¥3,541,586.26 in Q1 2022 from ¥2,938,568.92 in Q1 2021, indicating a focus on innovation[50]