XCC(SH:603667)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥882,448,835.97, representing a year-on-year increase of 59.78%[5] - The net profit attributable to shareholders of the listed company was ¥40,082,953.79, up 21.10% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥35,235,438.05, reflecting a growth of 30.11% year-on-year[5] - The basic earnings per share for the period was ¥0.14, an increase of 27.27% year-on-year[5] - The company reported a net profit margin improvement, with net profit for Q1 2022 expected to show positive growth compared to the previous year[29] - The net profit for the current period reached CNY 40,022,187.17, an increase of 15.9% compared to CNY 34,696,632.56 in the previous period[33] - The total profit amounted to CNY 47,243,858.76, up from CNY 40,662,422.17, reflecting a growth of 16%[33] - The total comprehensive income for the period was CNY 46,464,418.15, compared to CNY 34,980,432.58, an increase of 32.8%[35] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 61.14% to ¥35,865,164.94 due to increased accounts receivable and inventory[5] - The cash flow from operating activities was CNY 35,865,164.94, down from CNY 92,295,961.44, a decrease of 61%[39] - The company received CNY 829,259,305.37 in cash inflows from operating activities, up from CNY 546,232,006.93, representing a growth of 51.8%[39] - The cash outflow for operating activities was CNY 793,394,140.43, compared to CNY 453,936,045.49, an increase of 74.8%[39] - The ending balance of cash and cash equivalents was $216.73 million, a decrease of 18.3% from $265.17 million at the end of the previous period[40] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,385,348,890.04, an increase of 3.70% from the end of the previous year[7] - Total liabilities reached RMB 2,283,790,769.91 as of March 31, 2022, compared to RMB 2,180,528,170.26 at the end of 2021, indicating a rise in financial obligations[28] - Shareholders' equity totaled RMB 2,101,558,120.13 as of March 31, 2022, up from RMB 2,048,260,703.07 at the end of 2021, reflecting retained earnings growth[28] Operating Costs and Expenses - Total operating costs for Q1 2022 were RMB 837,935,851.31, up 62.2% from RMB 517,015,403.49 in Q1 2021[29] - Research and development expenses increased to CNY 19,578,522.40, compared to CNY 16,920,482.54, marking a rise of 15.6%[33] - Sales expenses surged to CNY 27,248,817.86, significantly higher than CNY 7,443,134.97, indicating an increase of 265%[33] Other Financial Metrics - The weighted average return on equity increased by 0.21 percentage points to 2.03%[5] - The company reported non-recurring gains of ¥4,847,515.74 after tax, with various components contributing to this figure[10] - Cash and cash equivalents as of March 31, 2022, were RMB 505,828,551.34, slightly down from RMB 517,656,454.76 at the end of 2021[23] - Accounts receivable increased to RMB 743,764,508.19 in Q1 2022, up from RMB 616,712,262.12 in Q4 2021, indicating higher sales volume[23] - Inventory levels rose to RMB 879,913,585.46 as of March 31, 2022, compared to RMB 862,039,544.56 at the end of 2021, suggesting increased stock for anticipated demand[23]