SUNOREN(SH:603105)2022-04-25 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 116,692,754.73, representing a year-on-year increase of 35.02%[4] - The net profit attributable to shareholders for the same period was CNY 10,739,414.22, reflecting a growth of 4.51% compared to the previous year[4] - The total revenue for Q1 2022 reached ¥116,692,754.73, a 35% increase from ¥86,424,632.02 in Q1 2021[16] - Net profit for Q1 2022 was ¥10,739,414.22, compared to ¥10,275,811.42 in Q1 2021, indicating a growth of 4.5%[17] - The total comprehensive income for Q1 2022 was ¥10,739,414.22, up from ¥10,275,811.42 in the same period last year, indicating a growth of about 4.5%[18] Cash Flow - The net cash flow from operating activities increased by 49.07%, amounting to CNY 13,008,040.05, primarily due to higher electricity fees received[4] - Cash inflows from operating activities amounted to ¥121,545,661.38 in Q1 2022, compared to ¥107,405,561.72 in Q1 2021, representing an increase of approximately 13.2%[21] - The net cash flow from operating activities for Q1 2022 was ¥13,008,040.05, up from ¥8,725,852.23 in Q1 2021, showing a growth of around 49.1%[21] - Cash inflows from financing activities reached ¥459,350,000.00 in Q1 2022, compared to ¥361,140,000.00 in Q1 2021, marking an increase of about 27.2%[22] - The net cash flow from financing activities was ¥208,663,680.22 in Q1 2022, compared to ¥185,629,156.98 in Q1 2021, reflecting an increase of approximately 12.4%[22] Assets and Liabilities - The total assets at the end of the reporting period reached CNY 3,441,918,945.96, a 9.63% increase from the end of the previous year[5] - Total assets as of March 31, 2022, amounted to ¥3,441,918,945.96, compared to ¥3,139,661,799.45 at the end of 2021, a growth of 10%[14] - Total liabilities increased to ¥1,822,484,002.96 from ¥1,530,966,270.67, reflecting a 19% rise[14] - Long-term borrowings rose to ¥1,126,211,898.27, up from ¥892,000,937.23, indicating a 26% increase[14] Shareholder Information - The top ten shareholders hold a total of 69,920,000 shares, accounting for 13.98% of the company's total shares[9] - Basic and diluted earnings per share remained stable at ¥0.02 for both Q1 2022 and Q1 2021[18] Operational Insights - The company's photovoltaic power generation revenue significantly increased, contributing to a substantial rise in net profit, which, excluding investment activities, was CNY 12,630,100, marking a 558.30% increase year-on-year[7] - The company received government subsidies amounting to CNY 712,796.20, which are closely related to its normal business operations[6] - The company plans to continue expanding its self-owned power station scale, which is expected to enhance profitability and risk prevention capabilities[7] Cost and Expenses - Total operating costs for Q1 2022 were ¥101,367,500.35, up from ¥81,502,051.16 in Q1 2021, reflecting a 24% increase[17] - Research and development expenses for Q1 2022 were ¥3,405,450.91, compared to ¥2,773,995.47 in Q1 2021, a 23% increase[17] Inventory and Receivables - Inventory levels rose to ¥94,722,539.44, up from ¥35,470,885.43, marking a 168% increase[12] - The company reported a significant increase in accounts receivable, which rose to ¥84,657,971.73 from ¥61,203,287.49, a 38% increase[12]