GON(SZ:002768)2022-04-25 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 2,731,566,771.74, representing an increase of 80.03% compared to CNY 1,517,318,168.91 in the same period last year[3]. - The net profit attributable to shareholders was CNY 118,320,049.10, a 7.20% increase from CNY 110,370,624.96 year-on-year[3]. - Net profit for Q1 2022 was CNY 135,202,641.87, representing a year-over-year increase of 24.9% from CNY 108,305,759.74[21]. - Operating profit for the quarter was CNY 155,553,132.58, which is an increase of 22.3% compared to CNY 127,162,255.61 in the previous year[21]. - The company's basic earnings per share increased by 7.32% to CNY 0.44 from CNY 0.41 in the same period last year[3]. - Earnings per share (EPS) for Q1 2022 was CNY 0.44, compared to CNY 0.41 in the same quarter last year, showing a slight improvement[22]. Cash Flow and Investments - The net cash flow from operating activities decreased by 18.42% to CNY 54,467,202.61 from CNY 66,765,175.57 in the previous year[3]. - Cash flow from operating activities was CNY 3,241,267,007.46, significantly higher than CNY 1,612,804,598.83 in the previous year, indicating strong cash generation[24]. - Total cash inflow from operating activities was CNY 3,265,748,860.75, compared to CNY 1,706,632,330.20 in the previous year, indicating a significant increase[25]. - The net cash flow from investing activities was -CNY 153,883,206.30, compared to -CNY 29,641,193.25 in the same period last year, reflecting increased investment expenditures[25]. - The company reported a 265.27% increase in net cash flow from financing activities, mainly due to increased cash from borrowings[7]. - Cash inflow from financing activities was CNY 697,600,000.00, significantly higher than CNY 150,000,000.00 in Q1 2021[26]. - The net cash flow from financing activities was CNY 162,411,833.94, a recovery from -CNY 98,272,784.21 in the previous year[26]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,377,183,440.07, up 4.73% from CNY 9,908,877,185.13 at the end of the previous year[3]. - The company's total assets increased to CNY 10,377,183,440.07, up from CNY 9,908,877,185.13, reflecting a growth of 4.7%[21]. - Total liabilities increased to CNY 5,055,155,916.29 from CNY 4,722,189,876.28, marking a rise of 7.1%[21]. - The total current liabilities decreased slightly to CNY 3,749,215,239.03 from CNY 3,733,465,425.30, showing a marginal reduction of about 0.4%[17]. - Long-term borrowings increased significantly to CNY 1,109,646,537.50 from CNY 796,600,000.00, marking an increase of approximately 39.2%[17]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 25,769[10]. - The largest shareholder, Wang Aiguo, holds 46.45% of the shares, with 94,500,000 shares pledged[10]. - The company's equity attributable to shareholders reached CNY 3,594,311,565.00, up from CNY 3,475,953,942.84, reflecting a growth of 3.4%[21]. - The company's equity structure shows that the largest shareholder holds 46.45% of the shares, indicating a concentrated ownership structure[11]. Research and Development - Research and development expenses rose by 30.07% compared to the previous year, reflecting increased investment in R&D personnel and projects[7]. - Research and development expenses rose to CNY 75,388,045.12, up 30.0% from CNY 57,961,596.48, indicating a focus on innovation[20]. Other Developments - The company completed an investment in Zhejiang Yisuo New Materials Technology Co., Ltd., acquiring 99% of its equity for CNY 29,700,000 and subsequently increasing its investment to CNY 60,000,000[12]. - The technology center of the company was recognized as a National Enterprise Technology Center, allowing it to benefit from tax incentives and local support policies[13]. - The company plans to expand its production capacity for polystyrene to 600,000 tons annually as part of its investment in Zhejiang Yisuo[12].