Sunfar(SH:603938)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was RMB 533,349,085.70, representing an increase of 85.10% compared to RMB 288,141,901.90 in the same period last year[6] - Net profit attributable to shareholders for Q1 2022 reached RMB 150,446,667.69, a significant increase of 183.75% from RMB 53,021,252.26 in the previous year[6] - The net profit after deducting non-recurring gains and losses was RMB 148,145,978.58, up 186.33% from RMB 51,738,696.79 in the same period last year[8] - Basic and diluted earnings per share for Q1 2022 were both RMB 0.77, reflecting an increase of 185.19% compared to RMB 0.35 in the previous year[8] - The weighted average return on equity for Q1 2022 was 9.23%, an increase of 5.00 percentage points from 4.23% in the same period last year[8] - Operating profit for Q1 2022 was ¥173,425,641.69, up from ¥62,066,843.05 in Q1 2021, representing a growth of 179.5%[35] - The company reported a total comprehensive income of ¥149,615,114.28 for Q1 2022, compared to ¥51,252,677.85 in Q1 2021, an increase of 191.5%[37] Assets and Liabilities - The total assets at the end of Q1 2022 were RMB 2,581,215,070.59, representing an increase of 11.18% from RMB 2,321,698,098.77 at the end of the previous year[9] - Shareholders' equity attributable to the parent company was RMB 1,707,163,669.68, up 9.77% from RMB 1,555,148,892.86 at the end of the previous year[9] - The total current assets as of March 31, 2022, amounted to CNY 1,217,427,916.11, an increase from CNY 1,017,703,330.15 in the previous year, representing a growth of approximately 19.6%[23] - Total liabilities increased to CNY 846,134,063.38 from CNY 737,800,314.97, which is an increase of approximately 14.7%[29] - The company's total assets reached CNY 2,581,215,070.59, up from CNY 2,321,698,098.77, reflecting a growth of about 11.2%[27] - Long-term borrowings rose to CNY 320,300,000.00 from CNY 148,496,350.00, indicating a substantial increase of about 115.5%[29] Cash Flow - The net cash flow from operating activities for Q1 2022 was negative RMB 97,298,822.26, compared to negative RMB 7,036,048.14 in the same period last year[8] - Cash inflow from operating activities in Q1 2022 was ¥394,277,447.35, compared to ¥236,191,708.07 in Q1 2021, showing a growth of 67.1%[38] - Cash paid for purchasing goods and services amounted to approximately $414.04 million, a significant increase from $194.87 million[40] - Net cash flow from operating activities was negative at approximately -$97.30 million, compared to -$7.04 million in the previous period[40] - Cash inflow from investment activities totaled approximately $204.21 million, up from $183.32 million[40] - Cash outflow for investment activities was approximately $303.83 million, compared to $279.67 million previously[40] - Net cash flow from financing activities was approximately $196.41 million, a substantial increase from $59.82 million[42] Investments and Expenses - Research and development expenses in Q1 2022 amounted to ¥16,938,915.74, significantly higher than ¥715,101.29 in Q1 2021, indicating a focus on innovation[32] - The company reported a significant increase in prepayments to CNY 118,599,482.35 from CNY 41,734,733.04, which is an increase of approximately 184.5%[23] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[33]