丰元股份(002805) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 reached ¥277,087,335.99, representing a 116.50% increase compared to ¥127,984,131.84 in the same period last year[3] - Net profit attributable to shareholders was ¥40,704,584.19, a significant increase of 323.36% from ¥9,614,687.18 year-over-year[3] - The basic earnings per share rose to ¥0.23, up 228.57% from ¥0.07 in the previous year[3] - The total operating revenue for the first quarter of 2022 was approximately CNY 277.09 million, a significant increase from CNY 127.98 million in the same period last year, representing a growth of 116.1%[24] - The net profit for Q1 2022 was CNY 40,631,673.96, compared to CNY 9,614,687.18 in Q1 2021, representing an increase of approximately 322%[25] - The total profit for Q1 2022 was CNY 54,546,542.24, compared to CNY 11,046,610.99 in Q1 2021, marking an increase of approximately 394%[25] - The company incurred a total operating profit of CNY 54,553,574.36, compared to CNY 11,071,610.99 in the previous year, reflecting a growth of 392%[25] Assets and Liabilities - Total assets increased by 26.35% to ¥2,295,537,162.07 from ¥1,816,825,158.45 at the end of the previous year[3] - The total assets of the company reached approximately CNY 2.30 billion, up from CNY 1.82 billion at the beginning of the year, indicating a growth of 26.0%[23] - The total liabilities increased significantly, with other payables rising by 689.74% to ¥320,763,097.87, attributed to increased borrowings during the period[9] - The total liabilities increased to approximately CNY 1.15 billion from CNY 708.24 million, representing a rise of 62.7%[22] Cash Flow - The net cash flow from operating activities showed a drastic decline, amounting to -¥219,737,412.12 compared to ¥15,593,122.66 in the same period last year, a change of -1,509.19%[3] - Cash inflow from operating activities was CNY 201,737,160.88, compared to CNY 124,086,722.33 in Q1 2021, reflecting an increase of 62.5%[27] - Cash outflow from operating activities surged to CNY 421,474,573.00, compared to CNY 108,493,599.67 in the previous year, resulting in a net cash flow from operating activities of -CNY 219,737,412.12[27] - Total cash inflow from financing activities reached CNY 502,979,100.00, significantly higher than CNY 31,431,565.58 in Q1 2021[28] - The net cash flow from financing activities was CNY 356,547,109.16, compared to -CNY 15,877,166.22 in the same period last year, indicating a positive turnaround[28] - The company's cash and cash equivalents at the end of the first quarter were approximately CNY 356.47 million, down from CNY 365.62 million at the beginning of the year[20] Investments and Expenditures - Research and development expenses surged by 376.62% to ¥1,330,150.21 from ¥279,077.60, indicating increased investment in innovation[9] - In Q1 2022, the cash paid for the purchase of fixed assets, intangible assets, and other long-term assets increased to ¥133.71 million, a rise of 674.02% compared to the previous period[10] - Investment cash payments reached ¥6 million, reflecting a significant increase of 5128.87% due to higher external investment amounts during the reporting period[10] - The company plans to use ¥71.4 million from the raised funds for the project, which aims to introduce advanced production equipment[15] - The company established a wholly-owned subsidiary, Fengyuan (Yunnan) Lithium Energy Technology Co., Ltd., to operate a project with a total investment of approximately CNY 1 billion, aimed at producing 50,000 tons of lithium iron phosphate cathode materials annually[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,923, with the largest shareholder holding 33.51% of the shares[12] - The largest shareholder, Zhao Guanghui, pledged 17 million shares, indicating a significant commitment to the company[12] Strategic Initiatives - A strategic cooperation agreement was signed with the Yuxi Municipal Government, and an investment agreement was established for a project in Yuxi City, with an investment scale of 200,000 tons[16] - The company initiated a non-public offering of A-shares, aiming to raise up to ¥940 million for a project with a total investment of ¥920.44 million, which includes the construction of a production line for lithium battery cathode materials[15] Inventory and Receivables - The company's inventory increased by 66.29% to ¥271,367,412.07, primarily due to rising material and product costs[8] - Accounts receivable increased to approximately CNY 426.77 million from CNY 347.62 million, reflecting a growth of 22.7%[20] - Inventory levels rose significantly to approximately CNY 271.37 million, compared to CNY 163.19 million at the beginning of the year, marking a 66.5% increase[21]