Financial Performance - The company's operating revenue for Q1 2022 was CNY 506,609,460.20, representing a year-on-year increase of 32.19%[2] - The net profit attributable to shareholders for the same period was CNY 12,916,604.19, reflecting a growth of 29.10% compared to the previous year[2] - Total operating revenue for Q1 2022 reached ¥506.61 million, a 32.2% increase from ¥383.25 million in Q1 2021[17] - Net profit for Q1 2022 was ¥24.21 million, representing a 15.3% increase compared to ¥21.06 million in Q1 2021[18] - Basic earnings per share rose by 50.00% to CNY 0.03, attributed to increased net profit and a reduction in share capital from stock buybacks[6] - Diluted earnings per share also increased by 50.00% to CNY 0.03, reflecting the same factors as basic earnings[6] - Earnings per share for Q1 2022 were ¥0.03, compared to ¥0.02 in Q1 2021[18] Cash Flow - The net cash flow from operating activities increased by 38.18%, amounting to CNY 110,700,109.36, driven by higher cash inflows and the consolidation of new entities[6] - Cash inflow from operating activities totaled $670,553,656.45, an increase of 42.7% compared to $469,709,189.16 in the previous year[21] - Total cash inflow from operating activities included $607,212,045.84 from sales and services, up from $466,282,329.73[21] - Total cash outflow from operating activities was $559,853,547.09, compared to $389,597,018.35 in the previous year, indicating a 43.7% increase[21] - The company reported a net cash flow from operating activities of $110,700,109.36, an increase of 38.1% from $80,112,170.81[21] - The company's cash and cash equivalents at the end of the period stood at $209,638,602.41, compared to $175,849,581.32 at the end of the previous year[22] Assets and Liabilities - Total assets reached CNY 4,095,541,379.28, marking a 37.65% increase due to the inclusion of new subsidiaries in the consolidation scope[4] - Current assets totaled RMB 1,094,132,475.92 as of March 31, 2022, compared to RMB 968,113,999.52 at the end of 2021, indicating an increase of about 13.0%[13] - Total liabilities increased significantly, with current liabilities reaching RMB 1,290,000,000.00, up from RMB 1,000,000,000.00, indicating a growth of 29.0%[13] - Total liabilities as of March 31, 2022, amounted to ¥2.43 billion, an increase of 63.3% from ¥1.49 billion at the end of 2021[14] - Non-current liabilities totaled ¥798.31 million, up 60.2% from ¥498.44 million at the end of 2021[14] - The company's total equity reached ¥1.66 billion, a 11.8% increase from ¥1.49 billion at the end of 2021[14] Investments and Expenses - The company reported non-recurring gains totaling CNY 2,015,069.27, with significant contributions from government subsidies and other income[6] - Research and development expenses for Q1 2022 were ¥2.36 million, a 57.6% increase from ¥1.49 million in Q1 2021[17] - The company incurred $61,431,359.37 in cash payments for investments, down from $231,236,000.00 in the previous year[21] Shareholder Information - The company reported a total of 120,950,353 shares held by the largest shareholder, accounting for 32.00% of total shares[9] - The company has a significant number of shares frozen, with Energas Ltd. holding 49,298,878 shares, representing 13.04% of total shares[9] Debt Management - The company completed a debt transfer agreement valued at RMB 91,692,612.50 with its controlling shareholder, Water Development Group Co., Ltd.[10] - Short-term borrowings rose to RMB 402,760,160.45 from RMB 258,961,543.32, representing an increase of about 55.4%[13] - The long-term equity investment increased significantly to RMB 111,989,761.53 from RMB 2,981,544.73, showing a growth of approximately 3,653.5%[13] - The goodwill on the balance sheet increased to RMB 1,107,417,214.86 from RMB 960,780,820.07, reflecting an increase of about 15.3%[13] Strategic Focus - The company is focused on enhancing its financial structure and overall profitability through strategic debt management and operational improvements[6] - The consolidation of Tongliao Longshengfeng and Tieling Longshengfeng provided new profit growth points starting from March 2022[6]
水发燃气(603318) - 2022 Q1 - 季度财报