WEIMING(SH:603568)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥1,036,983,395.46, representing a year-on-year increase of 37.73% compared to ¥750,506,331.81 in the same period last year[1]. - The net profit attributable to shareholders was ¥459,383,141.78, up 25.08% from ¥367,694,200.16 in the previous year[1]. - The net profit after deducting non-recurring gains and losses was ¥444,609,405.74, reflecting a 30.78% increase from ¥340,383,371.04 in the prior year[5]. - Basic and diluted earnings per share were both ¥0.35, representing a 21.55% increase from ¥0.29 in the previous year[5]. - The company reported a total comprehensive income of ¥458,728,368.42 for Q1 2022, compared to ¥367,556,714.75 in Q1 2021[25]. - The company’s retained earnings increased to ¥4,939,971,012.12 in Q1 2022 from ¥4,402,200,401.71 in Q1 2021[21]. Cash Flow and Assets - The net cash flow from operating activities reached ¥452,857,877.07, a significant increase of 162.58% compared to ¥172,465,145.07 in the same period last year[5]. - Cash flow from operating activities in Q1 2022 totaled ¥1,047,803,191.80, compared to ¥636,251,463.09 in Q1 2021[26]. - The total cash and cash equivalents at the end of the period reached 1,171,825,411.01 RMB, compared to 801,144,742.15 RMB at the end of the previous year, indicating a net increase of 366,917,072.10 RMB[28]. - The company's current assets totaled 3.63 billion RMB as of March 31, 2022, up from 2.96 billion RMB at the end of 2021, indicating a growth of about 22.7%[19]. - The total assets at the end of the reporting period were ¥17,374,618,176.56, an 18.59% increase from ¥14,651,377,361.07 at the end of the previous year[5]. - The total assets reached approximately 14.65 billion, reflecting a slight decrease from 14.73 billion[31]. Liabilities and Equity - Long-term borrowings increased to 4.05 billion RMB as of March 31, 2022, compared to 2.61 billion RMB at the end of 2021, representing a growth of approximately 55%[20]. - The company’s non-current liabilities totaled 5.78 billion RMB as of March 31, 2022, compared to 3.88 billion RMB at the end of 2021, reflecting an increase of approximately 48.7%[20]. - Total liabilities amounted to approximately 6.46 billion, with non-current liabilities at about 3.88 billion[31]. - Shareholders' equity attributable to the company was ¥8,179,686,582.20, up 6.95% from ¥7,648,167,866.89 at the end of the previous year[5]. - The capital reserve stands at approximately 1.52 billion, contributing to the overall equity structure[31]. - The company reported an increase in undistributed profits to approximately 4.40 billion, compared to 4.48 billion in the previous period[31]. Operating Costs and Investments - The company reported a 57.49% increase in operating costs, primarily due to new project operations and acquisitions[8]. - Research and development expenses for Q1 2022 amounted to ¥12,152,992.97, an increase from ¥7,327,588.08 in Q1 2021[22]. - The company plans to continue expanding its operations and investing in research and development, as indicated by a 65.85% increase in R&D expenses[8]. - The net cash flow from investing activities was -1,445,314,227.88 RMB, worsening from -434,204,378.44 RMB year-over-year, reflecting increased investment expenditures[27]. - The cash outflow for purchasing fixed assets and intangible assets was 845,230,876.08 RMB, which is significantly higher than the previous year's 533,262,518.77 RMB, indicating aggressive capital expenditure[27]. Project Developments - The total waste input for the company's incineration power generation projects reached 2.233 million tons in Q1 2022, a year-on-year increase of 46.33%[12]. - The electricity generated from these projects was 634 million kWh, representing a year-on-year growth of 37.23%[12]. - The company won a bid for a waste transfer service project in Ouhai District with a contract value of RMB 48.88 million, lasting for 3 years[12]. - The company signed a supplementary agreement for the Wenzhou Yongqiang Waste Incineration Power Plant project, with a design capacity of 600 tons/day, and a concession period until November 2041[12]. - The company entered into a joint venture agreement for a high-nickel project in Indonesia, with an annual production capacity of 40,000 tons and a total investment not exceeding USD 390 million[12]. - The company signed a concession agreement for a waste incineration project in Pingquan, with a design capacity of 400 tons/day and a concession period of 30 years[13].