2022-04-29 16:00Financial Performance - The company's revenue for Q1 2022 reached ¥5,257,158,413.95, representing a 481.41% increase compared to ¥904,210,248.68 in the same period last year[3] - Net profit attributable to shareholders was ¥3,327,975,300.41, a significant increase of 1,442.65% from a loss of ¥247,866,438.13 in the previous year[3] - Basic and diluted earnings per share were both ¥2.25, compared to a loss of ¥0.17 per share in the previous year, marking an increase of 1,423.53%[7] - Operating profit for the current period was ¥5,051,728,868.10, compared to a loss of ¥152,246,648.53 in the previous period, indicating a turnaround in profitability[19] - Net profit for the current period was ¥3,935,679,380.35, a substantial improvement from a net loss of ¥181,920,728.65 in the previous period[19] - Total comprehensive income for the current period was ¥4,578,221,576.67, compared to a loss of ¥206,641,743.53 in the previous period[19] Cash Flow and Assets - The net cash flow from operating activities was ¥3,836,609,528.29, up 980.62% from ¥355,038,106.40 in the same period last year[3] - Cash flow from operating activities generated ¥3,836,609,528.29, a significant increase from ¥355,038,106.40 in the previous period[20] - The company's current assets reached CNY 7.23 billion, up from CNY 6.47 billion, indicating a growth of about 11.7%[15] - Cash and cash equivalents increased to CNY 2.49 billion from CNY 1.99 billion, representing a rise of approximately 25%[15] - The ending balance of cash and cash equivalents reached ¥2,225,533,454.21, up from ¥1,178,590,311.37 at the end of the previous period[21] Investments and Financing - The company recognized investment income from its associate SQM, which is expected to show significant growth in Q1 2022 compared to the previous year[5] - Tianqi Lithium Holdings sold part of its stake in SQM, raising approximately $159 million through a financing scheme involving 2,575,318 and 2,700,000 shares of SQM B shares as collateral[12] - The company has completed the delivery of part of the financing, repaying Morgan approximately $88.35 million and delivering 2,079,125 shares of SQM B shares[12] - Tianqi Lithium plans to issue H-shares not exceeding 20% of the total share capital post-issue, with proceeds aimed at debt repayment, capacity expansion, and operational capital[13] - The company is actively progressing with its H-share issuance application, having received acceptance from the China Securities Regulatory Commission[13] - Cash inflow from financing activities was ¥1,198,159,057.97, while cash outflow totaled ¥4,418,296,152.10, leading to a net cash flow from financing activities of -¥3,220,137,094.13[21] Shareholder Equity and Assets - Total assets at the end of the reporting period were ¥46,726,529,153.73, a 5.80% increase from ¥44,165,325,659.12 at the end of the previous year[3] - Shareholders' equity attributable to the parent company increased by 29.78% to ¥16,561,213,956.94 from ¥12,761,280,130.72 at the end of the previous year[3] - The company's equity attributable to shareholders rose to CNY 16.56 billion, compared to CNY 12.76 billion, marking an increase of approximately 29.5%[17] Legal and Operational Stability - The company successfully resolved all litigation and arbitration matters with MSP, concluding all judicial processes related to the disputes[14] - The company has maintained a focus on strategic negotiations to mitigate potential adverse impacts from legal disputes, ensuring operational stability[14] - The company is committed to maintaining its operational capabilities while managing its financial obligations effectively[12] Expenses - Sales expenses increased to ¥5,814,334.27 from ¥4,241,692.18, reflecting a rise in marketing efforts[18] - Research and development expenses were slightly up to ¥5,681,707.25 from ¥5,491,674.91, indicating continued investment in innovation[18] - The company reported a tax expense of ¥1,115,051,405.53 for the current period, compared to ¥37,711,439.38 in the previous period, reflecting higher profitability[19]