StarPower(SH:603290)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was RMB 542,492,302.21, representing a year-on-year increase of 66.96%[4] - The net profit attributable to shareholders for Q1 2022 was RMB 151,247,874.52, reflecting a growth of 101.54% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 144,673,769.00, which is an increase of 123.32% year-on-year[4] - Basic earnings per share for Q1 2022 were RMB 0.89, an increase of 89.36% compared to the same period last year[5] - Total revenue for Q1 2022 reached RMB 542,492,302.21, a significant increase of 67.2% compared to RMB 324,930,942.41 in Q1 2021[14] - The company reported a net profit margin improvement, with net profit for Q1 2022 expected to be higher than the previous year, although specific figures were not disclosed[14] - The company reported a total comprehensive income of CNY 152,049,564.90 for Q1 2022, compared to CNY 76,015,521.37 in Q1 2021, indicating an increase of 100.4%[17] Cash Flow - The net cash flow from operating activities for Q1 2022 was RMB 259,242,885.93, up by 232.85% from the previous year[4] - The total cash inflow from operating activities was CNY 655,912,546.87, compared to CNY 334,092,123.46 in Q1 2021, marking an increase of 96.3%[18] - The net cash flow from operating activities for Q1 2022 was CNY 259,242,885.93, a substantial rise from CNY 77,885,426.02 in Q1 2021, representing a growth of 232.5%[18] - The cash inflow from investment activities was CNY 605,321,917.81 in Q1 2022, compared to CNY 316,902,713.70 in Q1 2021, showing an increase of 91.0%[18] - The net cash flow from investment activities for Q1 2022 was -CNY 53,732,125.24, compared to -CNY 42,885,157.68 in Q1 2021, indicating a deterioration in investment cash flow[18] - Cash inflow from financing activities totaled $10,075,427.72, with a net cash flow from financing activities of $7,461,066.07 after outflows of $2,614,361.65[19] - The net increase in cash and cash equivalents for the period was $212,757,751.65, compared to an increase of $33,970,331.26 in the previous period[19] - The ending balance of cash and cash equivalents reached $3,183,604,882.27, up from an initial balance of $2,970,847,130.62[19] - The impact of exchange rate changes on cash and cash equivalents was a decrease of $214,075.11[19] Assets and Liabilities - Total assets at the end of Q1 2022 amounted to RMB 5,739,677,286.85, a 3.94% increase from the end of the previous year[5] - The equity attributable to shareholders at the end of Q1 2022 was RMB 5,152,615,877.62, reflecting a growth of 3.11% year-on-year[5] - Total operating costs for Q1 2022 were RMB 367,497,634.20, up from RMB 244,516,214.45 in Q1 2021, reflecting a year-over-year increase of 50.3%[14] - Non-current liabilities totaled RMB 274,759,643.12, up from RMB 221,420,796.29, marking an increase of 24.1%[14] - The company's total liabilities reached RMB 586,631,577.41, compared to RMB 525,231,690.58, reflecting a rise of 11.7%[14] - The equity attributable to shareholders increased to RMB 5,152,615,877.62 from RMB 4,997,248,110.64, showing a growth of 3.1%[14] Research and Development - Research and development expenses increased to CNY 35,309,294.23 in Q1 2022, up from CNY 20,581,740.24 in Q1 2021, reflecting a growth of 71.7%[16] Market Strategy - The company is focusing on expanding its market presence and enhancing its product offerings, although details on new products or technologies were not provided in the report[14] Shareholder and Governance - There were no significant changes in the shareholder structure or related party transactions reported during the quarter[10] - The company did not apply the new accounting standards for the first quarter of 2022[20]