Tianyu Ecology(SH:603717)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 123,504,035.84, a decrease of 10.85% compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 22,876,341.18, an increase of 339.38% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -26,785,365.94, a decrease of 800.31% compared to the previous year[3]. - The company reported a net loss for Q1 2022, with total expenses exceeding total revenue, indicating challenges in operational efficiency[15]. - The net profit for Q1 2022 was 20,834,244.26, a significant increase compared to 4,393,916.92 in Q1 2021, representing a growth of approximately 373%[18]. - Basic earnings per share were CNY 0.0788, an increase of 266.51% compared to the same period last year[3]. - Basic and diluted earnings per share for Q1 2022 were both 0.0788, compared to 0.0215 in Q1 2021, marking an increase of approximately 267%[18]. Cash Flow - The net cash flow from operating activities was CNY -28,128,563.13, down 12.93% year-on-year[3]. - The company reported a net cash outflow from operating activities of -28,128,563.13, compared to -24,908,471.87 in Q1 2021, reflecting a worsening cash flow situation[21]. - Investment activities generated a net cash inflow of 139,522,537.43, up from 65,229,505.80 in the previous year, showing an increase of approximately 114%[22]. - Financing activities resulted in a net cash inflow of 249,227,118.91, a significant improvement compared to -69,019,698.83 in Q1 2021[22]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,648,364,419.44, an increase of 9.60% from the end of the previous year[4]. - Total assets increased to RMB 3,648,364,419.44 as of March 31, 2022, compared to RMB 3,328,832,887.59 at the end of 2021, representing a growth of 9.6%[13]. - Total liabilities rose to RMB 2,005,363,129.01 from RMB 1,717,243,213.64 at the end of 2021, indicating an increase of 16.8%[14]. - Long-term borrowings increased significantly to RMB 636,592,235.08 from RMB 212,111,083.56, reflecting a growth of 200%[14]. - Cash and cash equivalents as of March 31, 2022, amounted to RMB 563,538,805.19, up from RMB 305,658,474.91 at the end of 2021[12]. Shareholder Information - Shareholders' equity attributable to shareholders was CNY 1,440,733,767.99, up 1.61% from the end of the previous year[4]. - The company's equity attributable to shareholders increased to RMB 1,440,733,767.99 from RMB 1,417,857,426.81 at the end of 2021, a rise of 1.6%[14]. - The total number of ordinary shareholders at the end of the reporting period was 19,494[8]. Operational Efficiency - Total operating costs for Q1 2022 were RMB 151,878,378.18, an increase of 10.6% from RMB 137,261,997.22 in Q1 2021[16]. - The company’s management expenses rose to 23,746,053.56, compared to 18,570,147.20 in the previous year, indicating an increase of about 28.5%[21]. - The interest expenses for the quarter were 10,169,397.65, down from 13,063,920.79 in Q1 2021, representing a decrease of approximately 22%[21]. - The company reported a tax expense of -120,312.42, a significant reduction compared to 6,066,856.10 in the same quarter last year, indicating improved tax efficiency[21]. Non-Recurring Items - Non-recurring gains and losses totaled CNY 49,661,707.12, primarily due to asset disposal gains from the sale of an office building[6]. - The company reported a weighted average return on equity of 1.60%, an increase of 1.18 percentage points[3].