双环科技(000707) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 reached ¥1,028,132,471.89, a 100.20% increase compared to ¥513,543,634.08 in the same period last year[4] - Net profit attributable to shareholders was ¥192,426,152.22, marking a significant increase of 603.65% from a loss of ¥38,206,288.26 in the previous year[4] - Basic earnings per share rose to ¥0.4146, compared to a loss of ¥0.0823 per share in the same period last year, reflecting a 603.77% increase[4] - The net profit for the first quarter was CNY 192,426,152.22, a turnaround from a net loss of CNY 38,326,502.71 in the same quarter last year[20] - The gross profit margin improved significantly, with the operating profit reaching CNY 191,293,704.28, compared to a loss of CNY 39,575,673.78 in the previous year[20] Cash Flow - The net cash flow from operating activities was ¥266,174,396.82, up 624.75% from ¥36,726,412.70 in the same period last year[4] - The total cash inflow from operating activities is CNY 1,167,353,285.38, compared to CNY 526,777,898.20 in the previous period, indicating an increase of about 121%[22] - The cash outflow from operating activities totaled CNY 901,178,888.56, up from CNY 490,051,485.50, which is an increase of approximately 84%[23] - The net cash flow from financing activities is -CNY 6,998,733.70, an improvement from -CNY 28,277,776.02 in the previous period[23] Assets and Liabilities - The company's total assets increased by 11.48% to ¥2,438,117,367.13 from ¥2,186,967,451.68 at the end of the previous year[5] - The total liabilities increased to CNY 1,655,851,905.34 from CNY 1,597,692,805.65, marking a rise of about 3.6%[16] - Shareholders' equity attributable to shareholders increased by 32.75% to ¥782,265,461.79 from ¥589,274,646.03 at the end of the previous year[5] - The company's equity attributable to shareholders rose to CNY 782,265,461.79, compared to CNY 589,274,646.03 in the previous year, showing an increase of approximately 32.8%[16] Operating Costs and Expenses - The total operating costs for the first quarter were CNY 839,068,110.23, compared to CNY 550,661,667.24 in the previous year, indicating an increase of about 52.2%[19] - The company's financial expenses decreased by 72.51% to ¥6,566,932.88, attributed to a significant reduction in bank loans following asset restructuring in 2021[10] - The research and development expenses for the quarter were CNY 28,558,909.10, down from CNY 31,874,456.91 in the previous year, indicating a decrease of about 10.0%[19] Revenue Drivers - The increase in operating revenue was primarily driven by higher sales volumes and prices of key products such as soda ash and ammonium chloride[9] - Contract liabilities rose by 35.72% to ¥227,945,739.02, driven by increased prepayments due to rising prices of main products[9]