Baosteelpackage(SH:601968)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,852,634,287.66, representing a year-on-year increase of 22.18%[6] - The net profit attributable to shareholders of the listed company was CNY 64,158,822.93, a decrease of 21.24% compared to the same period last year[6] - The basic earnings per share decreased by 40% to CNY 0.06, impacted by rising raw material prices and the effects of the pandemic[9] - Total revenue for Q1 2022 reached ¥1,852,634,287.66, an increase of 22.1% compared to ¥1,516,258,429.60 in Q1 2021[23] - Net profit for Q1 2022 was ¥66,477,763.51, a decrease of 26.4% from ¥90,358,181.11 in Q1 2021[24] - The net profit attributable to the parent company shareholders for Q1 2022 was ¥64,158,822.93, a decrease from ¥81,461,093.03 in Q1 2021, representing a decline of approximately 21.3%[25] - The total comprehensive income for Q1 2022 was ¥58,925,548.84, down from ¥71,406,879.26 in Q1 2021, indicating a decrease of about 17.4%[26] - Basic and diluted earnings per share for Q1 2022 were both ¥0.06, compared to ¥0.10 in Q1 2021, reflecting a 40% decrease[26] Assets and Liabilities - The total assets at the end of the reporting period were CNY 8,704,206,629.02, an increase of 5.78% from the end of the previous year[6] - Total assets as of March 31, 2022, amounted to ¥8,704,206,629.02, compared to ¥8,228,299,622.18 at the end of 2021[18] - Current assets totaled ¥4,450,994,114.36, an increase of 8.5% from ¥4,103,854,778.80 at the end of 2021[17] - Current liabilities increased to ¥4,431,152,628.89, up 14.2% from ¥3,878,344,602.55 at the end of 2021[19] - Long-term borrowings increased to ¥346,542,903.39, up 27.3% from ¥272,371,885.13 at the end of 2021[19] Cash Flow - The net cash flow from operating activities was negative at CNY -527,935,035.89, indicating a significant cash outflow[6] - Cash inflows from operating activities in Q1 2022 totaled ¥1,781,458,319.32, an increase from ¥1,514,471,536.62 in Q1 2021, marking a growth of approximately 17.6%[29] - Cash outflows from operating activities in Q1 2022 were ¥2,309,393,355.21, compared to ¥1,588,394,147.56 in Q1 2021, representing an increase of about 45.4%[29] - The net cash flow from operating activities for Q1 2022 was -¥527,935,035.89, worsening from -¥73,922,610.94 in Q1 2021[29] - The net cash flow from investing activities in Q1 2022 was -¥239,825,104.40, compared to -¥219,116,570.51 in Q1 2021, indicating a deeper cash outflow[30] - The net cash flow from financing activities for Q1 2022 was ¥574,293,341.04, significantly higher than ¥155,919,930.54 in Q1 2021, showing an increase of approximately 267.5%[30] - The ending cash and cash equivalents balance for Q1 2022 was ¥542,754,970.46, down from ¥565,691,156.08 in Q1 2021[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,732[11] - The largest shareholder, Baosteel Metal Co., Ltd., held 41.51% of the shares, totaling 470,368,593 shares[12] Government Subsidies - The company received government subsidies amounting to CNY 2,553,195.07, which are closely related to its normal business operations[8] Adjustments and Reserves - The adjusted net profit for 2021 was CNY 285,824,090.12, a decrease from the pre-adjusted net profit of CNY 289,923,895.41[35] - The total equity at the end of 2021 was CNY 3,751,025,146.11, slightly down from CNY 3,755,124,951.40 before adjustments[35] - The company's total assets were significantly impacted by the adjustments, reflecting a comprehensive review of its financial position[34] - The company's surplus reserve was CNY 89,410,548.11, up from CNY 58,459,037.64 at the beginning of the year[34]