LOPAL(SH:603906)2022-09-16 16:00Financial Performance - The company's operating revenue for Q1 2022 reached ¥2,558,240,912.15, representing a year-on-year increase of 329.89%[5] - Net profit attributable to shareholders was ¥213,023,588.58, reflecting a growth of 252.01% compared to the same period last year[5] - The basic earnings per share (EPS) was ¥0.44, an increase of 238.46% year-on-year[5] - Net profit for Q1 2022 was ¥302,740,319.66, compared to ¥69,912,245.78 in Q1 2021, indicating an increase of about 332.5%[39] - The company's total comprehensive income for Q1 2022 was ¥302,663,590.76, compared to ¥69,961,658.67 in Q1 2021, representing an increase of approximately 332.5%[40] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥8,608,644,503.44, up 41.01% from the end of the previous year[7] - Total liabilities increased to ¥5,788,526,384.98 in Q1 2022 from ¥3,589,826,443.98 in Q1 2021, marking an increase of about 61.5%[32] - The total equity attributable to shareholders reached ¥2,209,266,474.92 in Q1 2022, compared to ¥1,994,128,320.15 in Q1 2021, showing an increase of approximately 10.8%[34] Cash Flow - The company reported a net cash flow from operating activities of -¥866,001,095.94, indicating a significant cash outflow[5] - In Q1 2022, the cash inflow from operating activities was CNY 1,359,307,370.75, compared to CNY 634,782,015.94 in Q1 2021, representing an increase of approximately 114.0%[43] - The cash outflow from operating activities totaled CNY 2,225,308,466.69 in Q1 2022, up from CNY 542,767,675.99 in Q1 2021, indicating a significant increase of about 309.5%[47] - Cash inflow from financing activities reached CNY 1,745,544,745.30 in Q1 2022, a substantial increase from CNY 200,000,000.00 in Q1 2021[48] - The net cash flow from financing activities was CNY 1,321,441,577.19 in Q1 2022, compared to CNY 126,835,289.67 in Q1 2021, reflecting an increase of approximately 938.5%[48] Research and Development - Research and development expenses surged by 521.03%, highlighting increased investment in R&D projects[13] - Research and development expenses in Q1 2022 amounted to ¥147,106,039.32, up from ¥23,687,454.33 in Q1 2021, reflecting a growth of approximately 520.5%[39] Shareholder Information - The total number of common shareholders at the end of the reporting period was 51,591[16] - The largest shareholder, Shi Junfeng, holds 212,662,195 shares, representing 44.11% of the total shares[16] - The company has not disclosed any other significant relationships or actions among shareholders beyond the known relationship between Shi Junfeng and Zhu Xianglan, who are spouses[22] Operating Costs - The company experienced a 399.53% rise in operating costs, primarily due to increased costs associated with lithium iron phosphate cathode materials[13] - Operating costs for Q1 2022 were ¥2,159,080,351.66, up from ¥514,461,308.38 in Q1 2021, which is an increase of about 320.5%[35] Other Financial Metrics - The weighted average return on equity (ROE) increased by 7.04 percentage points to 10.14%[7] - The company's financial expenses in Q1 2022 were ¥37,389,459.46, significantly higher than ¥3,345,991.30 in Q1 2021, indicating an increase of about 1023.5%[39] Share Issuance - The company plans to issue up to 144,627,405 new shares through a private placement, which has been approved by the China Securities Regulatory Commission[23] Investment Activities - The cash inflow from investment activities was CNY 121,471,876.50 in Q1 2022, down from CNY 369,880,505.43 in Q1 2021, indicating a decrease of approximately 67.2%[47] - The cash outflow from investment activities was CNY 657,402,842.77 in Q1 2022, compared to CNY 875,368,523.52 in Q1 2021, showing a decrease of about 25.0%[47] Fixed Assets - The company's fixed assets were valued at ¥1,599,787,395.65 as of March 31, 2022, compared to ¥1,054,785,397.43 at the end of 2021[29]