永冠新材(603681) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,074,070,355.48, representing a year-on-year increase of 51.26%[5] - The net profit attributable to shareholders was CNY 67,602,204.52, reflecting an increase of 11.85% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 44,000,252.13, up by 5.84% year-on-year[5] - The basic earnings per share for the period was CNY 0.35, a decrease of 2.78% compared to the previous year[6] - The diluted earnings per share for the period was also CNY 0.35, an increase of 9.37% year-on-year[6] - The company reported a total comprehensive income of CNY 66,728,355.19 for Q1 2022, compared to CNY 60,819,266.64 in the same period last year[21] - Earnings per share (EPS) for Q1 2022 were CNY 0.35, slightly down from CNY 0.36 in Q1 2021[21] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 39,001,008.70, with no applicable year-on-year comparison[6] - The net cash flow from operating activities was CNY 39,001,008.7, recovering from a negative cash flow of CNY -96,606,968.65 in Q1 2021[24] - The cash and cash equivalents at the end of Q1 2022 were CNY 1,014,803,607.17, an increase from CNY 957,154,834.49 at the end of Q1 2021[25] - Cash and cash equivalents amounted to RMB 1,049,928,658.6 as of March 31, 2022, compared to RMB 981,194,725.87 at the end of 2021, showing an increase of about 7%[15] Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,050,235,150.65, an increase of 7.33% from the end of the previous year[6] - Total liabilities as of March 31, 2022, were RMB 2,745,572,697.91, up from RMB 2,469,204,580.91 at the end of 2021, reflecting an increase of approximately 11.2%[17] - The company's total assets reached RMB 5,050,235,150.65 as of March 31, 2022, compared to RMB 4,705,528,530.19 at the end of 2021, indicating an increase of approximately 7.3%[16] - Non-current assets totaled RMB 2,372,289,534.64 as of March 31, 2022, compared to RMB 2,118,259,563.05 at the end of 2021, representing a growth of about 12%[16] Operational Highlights - The company reported a significant increase in sales scale, which was the primary reason for the growth in operating revenue and cash flow from operating activities[9] - Total operating costs for Q1 2022 were RMB 1,020,165,203.83, compared to RMB 659,625,161.51 in Q1 2021, indicating an increase of about 54.7%[19] - Research and development expenses increased to CNY 32,113,136.87, a rise of 31.7% from CNY 24,392,649.22 in the previous year[20] Inventory and Receivables - Current assets as of March 31, 2022, totaled RMB 2,677,945,616.01, up from RMB 2,587,268,967.14 at the end of 2021, reflecting a growth of approximately 3.5%[15] - Accounts receivable increased to RMB 621,337,438.85 in Q1 2022 from RMB 588,761,258.09 in Q4 2021, marking a rise of approximately 5.5%[15] - Inventory levels rose to RMB 662,385,250.46 as of March 31, 2022, compared to RMB 615,342,010.97 at the end of 2021, indicating an increase of about 7.6%[15] Non-Recurring Items - Non-recurring gains and losses for the period totaled CNY 23,601,952.39 after tax adjustments[9] - The company experienced a foreign exchange loss of CNY -5,479,175.2 during the quarter[25] Investment Activities - Investment activities resulted in a net cash outflow of CNY -213,676,452.91, worsening from CNY -121,097,155.52 in Q1 2021[24] - The company’s total liabilities increased, with cash received from borrowings amounting to CNY 457,377,121.9, compared to CNY 76,000,000 in the previous year[25]