章源钨业(002378) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥872,897,895.21, representing a 51.59% increase compared to ¥575,834,543.68 in the same period last year[4] - Net profit attributable to shareholders was ¥65,695,230.60, a significant increase of 876.86% from ¥6,725,174.50 in the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥56,306,100.25, compared to a loss of ¥1,370,636.68 in the same period last year, marking a 4,208.03% increase[4] - The company’s operating profit for the period was ¥7,780.66 million, reflecting a 1,097.01% increase from ¥650.01 million in the previous year[16] - Operating profit increased by 71.31 million yuan, a growth of 1,097.01%, while net profit attributable to the parent company rose by 58.97 million yuan, an increase of 876.85%[21] - Net profit for the quarter was ¥65,671,692.38, up from ¥7,110,090.03, reflecting a substantial increase of approximately 824.5%[83] - The company reported a total profit of ¥77,331,000.25, compared to ¥6,390,601.41 in the previous year, indicating an increase of approximately 1,113.5%[83] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥4,625,098,973.20, a 1.10% increase from ¥4,574,576,721.79 at the end of the previous year[6] - The total liabilities decreased slightly to RMB 2,677,104,454.03 from RMB 2,695,728,207.33[55] - The company's equity attributable to shareholders increased by 3.69% to ¥1,943,635,109.78 from ¥1,874,465,566.85 at the end of the previous year[6] - The company's equity attributable to shareholders increased to RMB 1,943,635,109.78 from RMB 1,874,465,566.85, reflecting retained earnings growth[68] Cash Flow - The company’s cash flow from operating activities showed a net outflow of ¥181,981,993.34, a 5.73% increase in outflow compared to ¥172,124,621.08 in the previous year[4] - Cash inflow from operating activities totaled 614.69 million yuan, up 41.14% year-on-year, driven by increased revenue and improved collection of receivables[22] - Cash outflow from operating activities increased by 189.04 million yuan, a rise of 31.11%, primarily due to higher payments for goods purchased[24] - Cash flow from financing activities showed a net inflow of 180.53 million yuan, an increase of 518.73%, mainly due to increased bank borrowings and reduced loan repayments[27] - The net increase in cash and cash equivalents was -38,381,088.33, an improvement from -160,354,772.32 in the previous period, indicating better cash management[93] - The ending balance of cash and cash equivalents was 389,925,255.91, up from 227,007,409.13, representing a 71.7% increase[93] Expenses - Operating costs increased by 206.90 million yuan, a growth of 40.15%, mainly due to the increase in sales volume of key products[17] - Financial expenses decreased by 8.38 million yuan, a decline of 40.67%, attributed to lower bank loan interest rates and reduced discount interest on notes payable[17] - Tax expenses surged by 11.91 million yuan, a staggering increase of 1,655.64%, due to a significant rise in the company's total profit[20] - Cash dividends and interest payments totaled 15,241,614.68, a decrease from 19,585,685.79, indicating a reduction in shareholder payouts[93] Research and Development - Research and development expenses increased by 36.75% to ¥971.05 million from ¥710.08 million in the previous year[16] - R&D expenses rose by 2.61 million yuan, an increase of 36.75%, reflecting the company's continued investment in research and development[17] - Research and development expenses increased to ¥9,710,504.80 from ¥7,100,793.22, representing a growth of about 36.7%[80] Other Information - The company plans to invest $1 million to establish Achtech America, Inc. in the United States, focusing on the sale of hard alloy products and tools[35] - The company expects a loss of approximately RMB 2.84 million due to the bankruptcy liquidation of ELBASA[37] - The estimated ore reserves at the Dongfeng tungsten-tin mine are 583,000 tons, with tungsten metal content of 14,300 tons[38] - The first quarter report was not audited, which may affect the reliability of the financial data presented[94]