TSPC(SZ:000554)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥747,391,907.87, representing a 21.51% increase compared to ¥615,061,588.26 in the same period last year[3]. - Net profit attributable to shareholders for Q1 2022 was ¥2,840,725.30, a significant increase of 107.32% from ¥1,370,211.32 in the previous year[3]. - The net profit for Q1 2022 was CNY 2,845,904.08, a significant increase from CNY 1,451,788.59 in Q1 2021, representing an increase of approximately 96.1%[19]. - Operating profit for Q1 2022 reached CNY 5,245,901.89, compared to CNY 3,263,349.76 in the same period last year, marking a growth of about 60.7%[19]. - The total profit for Q1 2022 was CNY 5,202,181.20, up from CNY 3,225,301.86 in Q1 2021, reflecting an increase of approximately 61.5%[19]. - The company's basic earnings per share for Q1 2022 was ¥0.006, doubling from ¥0.003 in the same period last year[3]. - Earnings per share for Q1 2022 were CNY 0.006, compared to CNY 0.003 in Q1 2021, indicating a 100% increase[20]. Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥22,655,501.49, a turnaround from a negative cash flow of ¥49,465,551.28 in the same period last year, marking a 145.80% increase[3]. - Cash flow from operating activities generated a net inflow of CNY 22,655,501.49, a recovery from a net outflow of CNY 49,465,551.28 in the previous year[22]. - The company's cash and cash equivalents decreased to CNY 83,884,140.92 from CNY 97,680,261.87, a decline of 14.1%[15]. - The company reported cash and cash equivalents at the end of Q1 2022 amounting to CNY 83,884,140.92, down from CNY 142,288,083.00 at the end of Q1 2021[23]. - The company incurred a total cash outflow of CNY 829,466,557.33 for operating activities in Q1 2022, compared to CNY 736,698,044.57 in the previous year[22]. - Investment activities resulted in a net cash outflow of CNY 9,548,547.44 in Q1 2022, slightly higher than CNY 8,534,096.97 in Q1 2021[22]. - Financing activities led to a net cash outflow of CNY 26,903,075.00 in Q1 2022, compared to CNY 29,050,161.13 in the same period last year[23]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,615,115,638.81, up 17.11% from ¥1,379,151,245.23 at the end of the previous year[3]. - Total assets increased to CNY 1,615,115,638.81 in Q1 2022 from CNY 1,509,097,255.10 in Q1 2021, representing a growth of 7.0%[16]. - Total liabilities rose to CNY 685,044,150.24, up from CNY 584,546,365.43, marking an increase of 17.2%[16]. - The company's total equity increased to CNY 930,071,488.57 from CNY 924,550,889.67, a slight increase of 0.5%[17]. Operational Efficiency - The total operating costs for Q1 2022 were CNY 742,107,279.58, up from CNY 611,505,624.49 in the same period last year, reflecting a growth of 21.4%[18]. - The gross profit margin for Q1 2022 was approximately 0.6%, compared to a margin of 0.6% in Q1 2021, indicating stable profitability despite rising costs[18]. - The company reported a net profit margin of approximately 0.6% for Q1 2022, consistent with the previous year's performance[18]. - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[18]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 47,996, with the largest shareholder, China Petroleum & Chemical Corporation, holding 24.57% of the shares[11]. - The company experienced a 100% decrease in credit impairment losses, indicating no bad debt provisions were reversed during the period[8]. - Investment income decreased by 74.81% due to a reduction in investment losses compared to the previous year[8]. - The company reported a 230.49% increase in financial expenses, primarily due to higher interest expenses on lease liabilities and short-term borrowings[7].