永兴材料(002756) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 reached ¥2,630,677,136.96, representing a 94.25% increase compared to ¥1,354,267,795.55 in the same period last year[3] - Net profit attributable to shareholders was ¥811,205,089.06, a significant increase of 553.60% from ¥124,113,903.15 year-on-year[3] - Basic earnings per share rose to ¥2.02, up 551.61% from ¥0.31 in the same quarter last year[3] - Operating profit for Q1 2022 was CNY 985,646,110.87, a significant increase from CNY 142,312,861.77 in the same period last year, representing a growth of 692.5%[20] - The company reported a total comprehensive income of CNY 831,030,399.46 for Q1 2022, compared to CNY 124,485,935.51 in Q1 2021, reflecting a growth of 570.5%[21] Cash Flow - The net cash flow from operating activities improved to ¥368,156,357.02, a 277.26% increase from a negative cash flow of -¥207,690,807.72 in the previous year[3] - The cash inflow from operating activities for Q1 2022 was CNY 2,544,338,835.43, a significant increase from CNY 1,098,215,458.18 in the same period last year, representing a growth of approximately 131.5%[22] - The total cash and cash equivalents at the end of the period were CNY 2,212,902,549.48, an increase from CNY 1,486,802,441.39 at the end of Q1 2021, showing improved liquidity[23] - The company reported a total cash inflow of CNY 387,857,947.75 for the quarter, compared to CNY 73,514,856.18 in the same period last year, indicating a strong cash position[23] Assets and Liabilities - The company's total assets increased by 32.97% to ¥7,420,962,738.06 from ¥5,580,876,178.90 at the end of the previous year[3] - The total liabilities increased to CNY 1,483,406,188.53, up from CNY 1,252,157,377.50, representing a growth of 18.4% year-over-year[20] - The company’s total equity attributable to shareholders increased by 35.10% to ¥5,847,028,148.94 from ¥4,327,905,846.77 at the end of the previous year[3] Research and Development - The company reported a significant increase in R&D expenses, which reached ¥84,132,464.12, a 93.21% rise compared to ¥43,543,875.85 in the previous year[7] - Research and development expenses rose to CNY 84,132,464.12, compared to CNY 43,543,875.85 in the previous year, marking an increase of 93.4%[20] Investments and Projects - The company is investing in new projects, including a 20,000-ton battery-grade lithium carbonate project and a high-pressure common rail project, contributing to increased construction in progress of ¥719,182,946.94, a 51.59% rise[6] - The company signed a joint venture agreement with CATL to establish a joint venture for lithium carbonate projects, enhancing its market position in the lithium industry[13] - A cooperation agreement was signed with Jiangxi Tungsten Industry Co., Ltd. to jointly invest in a lithium carbonate production line with an annual capacity of 20,000 tons, further expanding production capabilities[14] Inventory and Receivables - The company’s accounts receivable rose to RMB 243.93 million from RMB 220.93 million, reflecting an increase of about 10.4%[17] - The company’s inventory increased to RMB 928.04 million from RMB 724.18 million, representing a growth of approximately 28.2%[17] Other Financial Metrics - The weighted average return on equity improved to 14.91%, up from 2.97% in the previous year[3] - The company completed the transfer of equity stakes in two financial service companies, streamlining its investment portfolio[15] - The company's fixed assets decreased slightly to RMB 1.65 billion from RMB 1.69 billion, indicating a reduction of about 2.5%[18] Audit Status - The first quarter report was not audited, which may affect the reliability of the financial data presented[24]