百川股份(002455) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥991,486,767.35, representing an increase of 11.95% compared to the same period last year[3]. - Net profit attributable to shareholders for Q1 2022 was ¥62,759,554.13, a significant increase of 112.66% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was ¥36,331,986.94, up by 27.70% from the previous year[3]. - Revenue for Q1 2022 reached CNY 65,422,961.84, a 77.60% increase compared to CNY 36,837,397.21 in Q1 2021[9]. - Net profit for Q1 2022 was CNY 59,499,751.44, reflecting a 93.00% increase from CNY 30,828,092.14 in Q1 2021[9]. - Operating profit reached CNY 65,422,961.84, up 77.5% from CNY 36,837,397.21 in the same period last year[29]. - The total comprehensive income for Q1 2022 was CNY 59,497,907.63, compared to CNY 30,830,499.33 in Q1 2021[30]. Assets and Liabilities - The company's total assets as of March 31, 2022, were ¥8,503,741,347.08, reflecting an 18.38% increase from the end of the previous year[3]. - The company's short-term borrowings increased by 34.05% to ¥2,199,014,579.23, primarily due to increased raw material procurement needs[8]. - The company's cash and cash equivalents rose by 47.82% to ¥1,280,550,133.06, mainly due to an increase in bill guarantees[8]. - Total assets increased from RMB 7.18 billion at the beginning of the year to RMB 8.50 billion at the end of the period, reflecting a growth of approximately 18.3%[25][26]. - Inventory levels rose from RMB 727.49 million to RMB 885.84 million, reflecting an increase of approximately 21.7%[24]. - The company's equity attributable to shareholders increased from RMB 1.89 billion to RMB 2.06 billion, marking a growth of approximately 8.5%[26]. Cash Flow - Cash flow from operating activities showed a net outflow of ¥43,456,167.73, worsening by 22.06% compared to the previous year[3]. - Operating cash inflow for Q1 2022 totaled CNY 846,640,326.62, up 39.12% from CNY 608,555,662.01 in Q1 2021[9]. - Cash flow from financing activities increased by 101.17% to CNY 1,579,172,000.00, driven by increased borrowings[9]. - Cash flow from operating activities showed a net outflow of CNY 43,456,167.73, worsening from a net outflow of CNY 35,601,799.11 in the previous year[34]. - Cash flow from investing activities resulted in a net outflow of CNY 877,497,226.94, compared to a net outflow of CNY 485,867,048.80 in Q1 2021[34]. - Cash flow from financing activities generated a net inflow of CNY 964,128,107.31, significantly higher than CNY 396,975,287.33 in the same quarter last year[34]. Shareholder Information - The company's basic and diluted earnings per share for Q1 2022 were both ¥0.11, an increase of 83.33% year-on-year[3]. - The company reported a basic earnings per share of CNY 0.11, an increase of 83.33% from CNY 0.06 in the same period last year[9]. - The company's share capital has increased from 516,977,142 shares to 593,165,169 shares due to the conversion of "Baichuan Convertible Bonds," leading to necessary amendments to the company's articles of association[19]. Investments and Projects - The subsidiary Ningxia Baichuan Technology Co., Ltd. has commenced trial production of a project with an annual capacity of 50,000 tons of trimethylolpropane and 2,000 tons of cyclic trimethylolpropane formaldehyde, which is expected to positively impact future operating performance[13]. - The "Annual Production of 5,000 Tons of Graphite Anode Materials (10,000 Tons of Graphitization) Project" has completed acceptance and has officially commenced production, which is expected to create new profit growth points for the company[18]. - The acrylic ester project has completed construction and has officially commenced production, enhancing the company's product variety and market presence[22]. - The company plans to issue convertible bonds to raise up to RMB 978 million, which will be fully invested in a project to produce 30,000 tons of anode materials annually[20]. Expenses - Sales expenses increased by 41.43% to CNY 8,379,729.47 due to expansion and increased employee compensation[9]. - Financial expenses surged by 137.86% to CNY 20,330,986.86, primarily due to increased interest expenses[9]. - Research and development expenses totaled CNY 23,984,717.94, an increase of 24.4% from CNY 19,344,654.23 in Q1 2021[29]. - The total tax expenses for Q1 2022 were CNY 6,411,692.96, slightly down from CNY 6,692,040.43 in Q1 2021[29].