SOLEX(SH:603992)2022-04-25 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 792,887,706.05, representing a 49.30% increase compared to the same period last year[4]. - The net profit attributable to shareholders was CNY 72,713,224.61, showing a slight decrease of 1.26% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 64,425,859.82, down by 3.21% from the previous year[4]. - The basic and diluted earnings per share were both CNY 0.18, unchanged from the previous year[4]. - The company's net profit attributable to the parent company for the first quarter of 2022 was RMB 10,925.33 million, a 19.87% increase from RMB 9,114.27 million in the same period of 2021[11]. - Total operating revenue for Q1 2022 reached CNY 792,887,706.05, a significant increase of 49.3% compared to CNY 531,058,399.72 in Q1 2021[21]. - Net profit attributable to shareholders of the parent company was CNY 72,713,224.61, slightly down from CNY 73,639,700.10 in the same period last year[25]. - Operating profit for Q1 2022 was CNY 85,168,927.38, showing a marginal decrease from CNY 85,384,137.51 in Q1 2021[25]. - Total profit for Q1 2022 was CNY 89,629,319.71, a decrease from CNY 96,725,778.56 in Q1 2021, representing a decline of approximately 11.4%[45]. - Net profit for Q1 2022 was CNY 80,437,555.31, down from CNY 85,006,927.38 in Q1 2021, reflecting a decrease of about 5.5%[46]. Cash Flow - The net cash flow from operating activities reached CNY 153,576,801.71, a significant increase of 2,380.07% compared to the same period last year[4]. - Cash flow from operating activities generated a net amount of CNY 153,576,801.71, compared to CNY 6,192,442.98 in Q1 2021, indicating a substantial improvement[29]. - The company reported a net cash inflow from investment activities of CNY 43,703,096.23, a decrease from CNY 262,613,664.04 in the previous year[32]. - The net cash outflow from investment activities was ¥111,781,489.65, significantly higher than the previous year's outflow of ¥13,747,844.30[34]. - Cash inflow from investment activities in Q1 2022 was CNY 35,169,000.00, compared to CNY 76,178,614.74 in Q1 2021, indicating a decrease of approximately 53.8%[48]. - Cash outflow from investment activities in Q1 2022 was CNY 146,191,166.72, down from CNY 237,458,930.24 in Q1 2021[48]. - The company reported a decrease in cash flow from operating activities, with total cash outflow of CNY 512,749,482.41 in Q1 2022, down from CNY 604,740,357.33 in Q1 2021[48]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,978,691,893.09, a decrease of 1.41% from the end of the previous year[4]. - The total assets as of March 31, 2022, amounted to RMB 3,978,691,893.09, a decrease from RMB 4,035,660,716.08 at the end of 2021[14]. - The total liabilities decreased to RMB 1,480,893,086.40 from RMB 1,612,955,150.25 year-over-year[19]. - The total liabilities decreased to ¥462,359,514.49 from ¥506,297,372.08, showing a reduction of about 8.67%[43]. - The company's total assets increased to ¥2,966,939,770.65, compared to ¥2,930,440,072.93 in the previous year, reflecting a growth of approximately 1.24%[43]. - The company's inventory as of March 31, 2022, was RMB 552,077,007.74, an increase from RMB 530,806,396.47 in the previous year[14]. - The company's inventory increased to ¥196,379,899.88 from ¥179,093,240.85, representing a growth of approximately 9.66%[38]. - The accounts receivable decreased to RMB 583,736,779.33 from RMB 675,515,677.26 year-over-year[14]. - The company's short-term borrowings increased to RMB 141,040,279.03 from RMB 134,840,279.03 year-over-year[19]. Expenses - The company reported a significant increase in sales expenses by 104.89% due to increased depreciation and related labor costs[6]. - Research and development expenses rose by 34.70%, reflecting ongoing investment in innovation and the consolidation of Beijiete Company[6]. - Research and development expenses increased to CNY 43,666,084.12, up from CNY 32,417,772.92, reflecting a growth of 34.8% year-on-year[23]. - Research and development expenses for Q1 2022 were ¥24,441,793.41, a decrease from ¥29,777,969.31 in Q1 2021, indicating a reduction of approximately 17.9%[44]. - The total operating costs for Q1 2022 were CNY 718,165,282.57, which is an increase of 57.7% from CNY 455,628,950.04 in Q1 2021[21]. Equity - The equity attributable to shareholders increased by 3.27% to CNY 2,298,993,020.56 compared to the end of the previous year[4]. - The company's total equity reached CNY 2,497,798,806.69, up from CNY 2,422,705,565.83, marking an increase of 3.1%[20]. Tax and Refunds - The company received CNY 40,792,096.91 in tax refunds during Q1 2022, an increase from CNY 36,098,819.34 in Q1 2021[47]. Cash and Cash Equivalents - The company's cash and cash equivalents increased to RMB 616,865,124.94 from RMB 566,338,061.38 year-over-year[14]. - Cash and cash equivalents at the end of Q1 2022 totaled CNY 472,574,873.04, down from CNY 639,736,046.81 at the end of Q1 2021[50]. - The company's cash and cash equivalents at the end of the period amounted to ¥605,970,110.25, an increase of ¥42,160,814.05 compared to the previous period[35].