2022-04-26 16:00Financial Performance - The company's revenue for Q1 2022 was approximately CNY 963.64 million, representing a year-on-year increase of 28.24% compared to CNY 751.43 million in the same period last year[4]. - The net profit attributable to shareholders decreased by 83.52% to CNY 5.24 million, down from CNY 31.78 million in the previous year[4]. - The net profit for the current period was -¥2,549,041.58, a significant decline compared to a net profit of ¥29,972,638.72 in the previous period[21]. - The company reported a total comprehensive income of -¥2,546,506.51, down from ¥29,963,872.83 in the previous period[22]. - The company’s investment income from joint ventures showed a loss of -¥4,739,267.53 compared to a gain of ¥1,966,111.42 in the previous period[21]. - The basic earnings per share decreased to ¥0.01 from ¥0.04 in the previous period[22]. Cash Flow and Operating Activities - The net cash flow from operating activities was negative CNY 11.65 million, a decline of 122.90% compared to a positive CNY 50.88 million in the same period last year[4]. - The cash flow from operating activities showed a net outflow of -¥11,653,444.20, contrasting with a net inflow of ¥50,884,434.23 in the prior period[25]. Costs and Expenses - The company reported a 40% increase in total operating costs, primarily driven by rising procurement costs for resource waste and increased costs associated with new precious metal recovery business[5]. - Total operating costs increased to ¥973,589,084.57 from ¥725,661,678.49, reflecting a rise of about 34.2%[19]. - Research and development expenses increased by 31.17% to CNY 41.90 million, reflecting the company's commitment to innovation and project investment[10]. - Research and development expenses increased to ¥41,901,428.68 from ¥31,944,281.61, marking a rise of approximately 31.2%[19]. - The company’s financial expenses rose to ¥42,847,830.48 from ¥26,680,019.77, indicating an increase of approximately 60.5%[19]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 12.16 billion, an increase of 2.92% from CNY 11.81 billion at the end of the previous year[4]. - The total assets of Dongjiang Environmental Co., Ltd. as of March 31, 2022, amounted to CNY 12,158,191,022.28, an increase from CNY 11,813,210,663.73 at the beginning of the year, reflecting a growth of approximately 2.9%[17]. - The company's current assets totaled CNY 3,128,038,230.88, up from CNY 2,977,328,966.77, indicating an increase of about 5.1%[16]. - The total liabilities increased to CNY 6,713,174,963.02 from CNY 6,365,414,669.75, representing a rise of approximately 5.5%[17]. - The company's long-term borrowings rose significantly to CNY 1,790,657,401.58 from CNY 1,173,417,545.51, indicating an increase of about 52.5%[17]. - The total liabilities to equity ratio stood at approximately 1.23, indicating a leverage increase compared to the previous period[17]. Equity and Shareholder Information - The total equity attributable to the owners of the parent company was CNY 4,609,997,661.79, slightly up from CNY 4,604,919,557.97, showing a growth of approximately 0.1%[18]. Strategic Initiatives - The company aims to achieve record high collection volumes for the year by enhancing market expansion efforts and providing diversified, high-quality value-added services[6]. - The company plans to strengthen its precious metal recovery business and extend its industrial chain while implementing cost reduction and efficiency improvement strategies[6]. Inventory and Receivables - Accounts receivable stood at CNY 1,024,845,235.41, slightly up from CNY 1,022,764,012.55, showing a marginal increase of about 0.2%[16]. - Inventory levels increased to CNY 612,340,444.51 from CNY 550,901,693.78, reflecting a growth of approximately 11.1%[16]. Cash and Cash Equivalents - The company's cash and cash equivalents rose to CNY 653,529,307.07 from CNY 550,421,369.21, marking an increase of around 18.7%[15]. - Cash and cash equivalents at the end of the period totaled ¥625,647,455.73, up from ¥531,582,547.85 at the end of the previous period[26].