Zhongtai Chemical(SZ:002092)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥15,005,177,066.22, a decrease of 32.51% compared to the same period last year[6]. - Net profit attributable to shareholders was ¥442,301,627.68, down 39.73% year-on-year[8]. - Basic earnings per share decreased by 49.78% to ¥0.1717[8]. - Total operating revenue for the first quarter was ¥15,005,177,066.22, a decrease of 32.8% compared to ¥22,234,440,323.81 in the previous year[38]. - Net profit for the period was ¥516,290,967.37, a decline of 38.4% from ¥836,402,516.99 in the same period last year[41]. - The total comprehensive income for the period was ¥513,376,315.13, down from ¥842,237,491.95, reflecting a decline of 39%[44]. Cash Flow - The net cash flow from operating activities was -¥1,461,333,479.96, a decline of 504.64% compared to the previous year[8]. - Cash flow from operating activities was ¥18,554,317,359.04, down from ¥28,099,639,144.70, reflecting a decrease of 34.1%[45]. - Net cash flow from operating activities was -$1,461,333,479.96, compared to a positive $361,143,020.43 last period[48]. - Cash inflow from financing activities reached $5,898,400,000.00, an increase from $5,080,899,427.08 in the last period[52]. - Net cash flow from financing activities was $1,854,222,954.59, up from $506,904,782.06 previously[52]. Assets and Liabilities - Total assets increased by 5.54% to ¥77,124,037,995.58 compared to the end of the previous year[8]. - The total assets of the company reached CNY 77.12 billion, compared to CNY 73.08 billion at the beginning of the year, marking an increase of approximately 5.5%[32]. - The total liabilities and owners' equity reached ¥77,124,037,995.58, up from ¥73,077,826,269.39, indicating a 5.6% increase[38]. - The company's long-term equity investments rose to CNY 3.05 billion, up from CNY 2.70 billion, indicating an increase of about 12.7%[32]. - The company's short-term borrowings decreased to CNY 6.74 billion from CNY 7.42 billion, showing a reduction of approximately 9.2%[32]. Research and Development - Research and development expenses increased by 187.66% year-on-year, indicating a significant investment in innovation[18]. - Research and development expenses increased to ¥25,456,558.92, up from ¥8,849,652.38, showing a significant rise of 187.5%[38]. Market and Production - The company produced 493,300 tons of PVC resin, 351,000 tons of caustic soda, 158,000 tons of viscose fiber, 71,700 tons of viscose yarn, 702,800 tons of carbide, and generated 3.599 billion kWh of electricity during the reporting period[27]. - The textile market in Europe has seen a slowdown in orders, with many weaving orders shifting to Southeast Asia, impacting the viscose market negatively compared to last year[26]. - The company reported a significant increase in the cost of PVC due to rising prices of raw materials like coal and coke, which have surged compared to the same period last year[26]. Inventory and Receivables - The company’s accounts receivable increased by 32.87% compared to the beginning of the period, primarily due to an increase in receivables[15]. - The company’s inventory increased to CNY 3.25 billion from CNY 2.75 billion, reflecting a rise of approximately 18.1% year-on-year[30]. Future Plans - The company plans to continue expanding its market presence and enhancing its product offerings in the upcoming quarters[18]. - The company is actively pursuing a plan to issue shares and convertible bonds to acquire assets and raise supporting funds, which is currently under review by the board and will require shareholder approval[27].