WXSJ(SH:603185)2022-04-27 16:00Revenue and Profit Growth - The company's revenue for Q1 2022 reached ¥5,674,229,955.88, representing a 252.62% increase compared to the same period last year[4]. - Net profit attributable to shareholders was ¥648,021,912.75, an increase of 105.98% year-over-year[4]. - The significant growth in revenue and profit was driven by the expansion of the single crystal silicon business[8]. - The net profit for Q1 2022 was CNY 648,021,912.75, a significant increase from CNY 314,600,321.93 in Q1 2021, representing a growth of approximately 106.5%[19]. - The company reported a total comprehensive income of CNY 648,021,912.75 for Q1 2022, which is double the CNY 314,600,321.93 reported in Q1 2021[19]. Earnings Per Share - The basic earnings per share for the period was ¥2.370, reflecting a 91.44% increase from the previous year[4]. - The diluted earnings per share for the period was ¥2.343, up 90.80% year-over-year[6]. - The basic earnings per share (EPS) for Q1 2022 was CNY 2.370, up from CNY 1.238 in Q1 2021, reflecting an increase of approximately 91.8%[19]. Assets and Equity - Total assets at the end of the reporting period amounted to ¥18,570,490,660.30, a 28.15% increase from the end of the previous year[6]. - The company's total assets as of March 31, 2022, were ¥18,570,490,660.30, compared to ¥14,490,845,825.86 at the end of 2021, marking an increase of about 28.5%[16]. - The total equity attributable to shareholders increased to ¥8,748,889,285.04, a rise of 17.58% from the previous year[6]. - The total equity attributable to shareholders reached ¥8,748,889,285.04 in Q1 2022, up from ¥7,441,007,750.69 in Q1 2021, indicating a growth of about 17.6%[16]. Cash Flow and Operating Activities - The net cash flow from operating activities was ¥652,560,233.35, attributed to increased cash receipts from expanded single crystal silicon business[4][8]. - The cash flow from operating activities showed a net inflow of CNY 652,560,233.35, a turnaround from a net outflow of CNY -31,143,318.72 in Q1 2021[21]. - The cash and cash equivalents increased to ¥3,451,251,981.93 in Q1 2022 from ¥2,188,516,895.86 in Q1 2021, showing a growth of about 57.7%[14]. - The cash and cash equivalents at the end of Q1 2022 totaled CNY 2,099,236,990.17, compared to CNY 642,443,180.52 at the end of Q1 2021, marking an increase of about 226.5%[21]. - The financing activities generated a net cash inflow of CNY 2,429,548,287.85, compared to CNY 2,864,167,726.32 in Q1 2021, showing a decrease of about 15.2%[21]. Liabilities and Costs - Total operating costs for Q1 2022 were ¥5,075,972,652.38, compared to ¥1,262,362,620.61 in Q1 2021, reflecting an increase of about 302.5%[17]. - The total liabilities as of March 31, 2022, were ¥9,821,601,375.26, up from ¥7,049,838,075.17 at the end of 2021, representing an increase of approximately 39.4%[15]. Research and Development - Research and development expenses in Q1 2022 amounted to ¥78,738,051.33, up from ¥62,545,196.53 in Q1 2021, indicating a year-over-year increase of approximately 25.8%[17]. Other Financial Metrics - The weighted average return on equity was 7.74%, a decrease of 0.21 percentage points compared to the previous year[6]. - The company reported non-recurring gains of ¥135,023,962.65, primarily from government subsidies and investment income[7]. - Accounts receivable rose to ¥237,689,296.28 in Q1 2022, compared to ¥129,847,294.01 in Q1 2021, reflecting an increase of approximately 83.1%[14]. - Inventory decreased to ¥2,219,205,616.47 in Q1 2022 from ¥2,444,481,428.17 in Q1 2021, indicating a decline of about 9.2%[14]. - The company's retained earnings as of March 31, 2022, were ¥3,219,339,792.94, compared to ¥2,571,317,880.19 in Q1 2021, representing an increase of approximately 25.2%[16]. - The company received CNY 4,674,216,295.85 from cash recovered from investments, a significant increase from CNY 1,939,071,064.97 in Q1 2021[21]. - The cash flow from investing activities showed a net outflow of CNY -2,122,044,067.11, compared to a net outflow of CNY -2,576,206,077.35 in the previous year, indicating a reduction in cash outflow[21]. - The company did not report any net profit from the merged entity prior to the merger, indicating no impact on the financial results from this activity[19].