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振华新材(688707) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥2,579,080,055.70, representing a year-on-year increase of 161.40%[6] - Net profit attributable to shareholders was ¥342,439,942.24, up 345.35% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was ¥338,339,320.72, reflecting a 352.29% increase year-on-year[6] - Basic earnings per share increased to ¥0.77, a rise of 234.78% year-on-year[6] - Total operating revenue for Q1 2022 reached ¥2,579,080,055.70, a significant increase of 161.5% compared to ¥986,638,550.27 in Q1 2021[38] - Net profit for Q1 2022 was ¥342,439,942.24, compared to ¥76,892,284.21 in Q1 2021, representing a growth of 345.5%[41] - The company's comprehensive income for Q1 2022 totaled ¥342,439,942.24, compared to ¥76,892,284.21 in Q1 2021, reflecting a substantial increase[41] Cash Flow and Liquidity - The company's cash flow from operating activities was negative at -¥91,760,183.04, a decline of 312.45% compared to the previous year[6] - Cash inflow from operating activities totaled CNY 668,592,792.21 in Q1 2022, up from CNY 375,570,523.20 in Q1 2021, indicating strong operational performance[43] - Net cash outflow from operating activities was CNY -91,760,183.04 in Q1 2022, a decline from a net inflow of CNY 43,192,364.73 in Q1 2021[43] - The ending cash and cash equivalents balance for Q1 2022 was CNY 901,387,716.98, down from CNY 1,420,337,872.19 at the beginning of the period[45] - The company reported a significant increase in cash received from sales, totaling CNY 660,985,701.69 in Q1 2022, compared to CNY 373,873,212.63 in Q1 2021[43] - Total cash outflow for operating activities was CNY 760,352,975.25 in Q1 2022, compared to CNY 332,378,158.47 in Q1 2021, indicating increased operational costs[43] Research and Development - R&D investment totaled ¥61,193,756.50, marking a 162.67% increase from the previous year, accounting for 2.37% of operating revenue[9] - Research and development expenses for Q1 2022 were ¥61,193,756.50, significantly higher than ¥23,297,159.24 in Q1 2021, indicating an increase of 162.5%[38] - The company plans to continue investing in R&D to enhance product competitiveness and maintain market position[18] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥7,230,920,086.52, an increase of 4.01% from the end of the previous year[9] - Total assets have increased to approximately RMB 7.23 billion from RMB 6.95 billion year-over-year[31] - The company's total liabilities decreased from ¥4,024,766,925.68 to ¥3,961,060,954.27, a reduction of approximately 1.6%[34] - The total equity attributable to shareholders increased from ¥2,927,419,190.01 to ¥3,269,859,132.25, marking a growth of 11.7%[34] - Accounts receivable increased to approximately RMB 1.33 billion, up from RMB 964.67 million in the previous year[28] - Inventory as of March 31, 2022, is approximately RMB 1.77 billion, compared to RMB 1.52 billion at the end of 2021, indicating growth in stock levels[28] - The company reported an increase in accounts payable to approximately RMB 1.08 billion, up from RMB 1.28 billion[31] Shareholder Information - The total number of common shareholders at the end of the reporting period is 8,440[20] - The largest shareholder, China Zhinhua Electronics Group Co., Ltd., holds 125,380,000 shares, accounting for 28.31% of the total shares[20] Market and Growth Strategy - The significant increase in revenue was driven by the growing demand in the new energy vehicle battery market and rising raw material prices, with high-nickel NCM material sales reaching ¥728 million, up 271% year-on-year[14] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[41] - The company has not disclosed any new product developments or market expansion strategies in the current report[30]