HFCC(SZ:002806)2022-04-26 16:00Financial Performance - The company's revenue for Q1 2022 was ¥154,574,290.28, representing a 56.62% increase compared to ¥98,693,916.73 in the same period last year[5]. - Net profit attributable to shareholders was ¥6,939,224.24, a significant turnaround from a loss of ¥13,421,601.43 in the previous year, marking a 151.70% improvement[5]. - Basic earnings per share increased to ¥0.0362 from a loss of ¥0.0760, representing a 147.63% improvement[5]. - Net profit for the quarter reached CNY 7,890,311.86, a significant recovery from a net loss of CNY 12,806,589.04 in the same period last year[20]. - The total comprehensive income for the period was 7,890,311.86 CNY, compared to a loss of 12,806,589.04 CNY in the previous period[21]. - The net profit attributable to the parent company was 6,939,224.24 CNY, a decrease from a loss of 13,421,601.43 CNY year-over-year[21]. - Basic and diluted earnings per share were both 0.0362 CNY, compared to -0.0760 CNY in the previous period[21]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥14,265,374.82, compared to a negative cash flow of ¥32,296,485.25 in the same period last year, reflecting a 144.17% increase[5]. - Cash inflow from operating activities totaled 122,136,782.74 CNY, up from 59,114,050.83 CNY in the previous period[23]. - The net cash flow from investing activities was 20,645,721.71 CNY, compared to -6,518,001.13 CNY in the previous period[25]. - The net cash flow from financing activities was 28,944,289.67 CNY, compared to -11,519,374.23 CNY in the previous period[25]. - The company received 50,000,000.00 CNY in borrowings, an increase from 20,000,000.00 CNY in the previous period[25]. - Cash and cash equivalents at the end of the period amounted to 145,497,528.79 CNY, down from 158,321,284.60 CNY at the end of the previous period[25]. - The company's cash and cash equivalents increased to CNY 145,958,221.03 from CNY 82,111,650.88 at the beginning of the year, representing a growth of 77.5%[16]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,933,832,784.29, a slight increase of 1.04% from ¥1,913,869,446.43 at the end of the previous year[5]. - The total assets of the company stood at CNY 1,933,832,784.29, slightly up from CNY 1,913,869,446.43 at the start of the year[17]. - Total liabilities increased to CNY 686,603,688.50 from CNY 674,583,364.70, reflecting a rise of 1.8%[17]. - The company's equity attributable to shareholders rose to CNY 1,242,427,750.13 from CNY 1,235,435,823.69, a marginal increase of 0.6%[17]. Operational Highlights - The company reported a 196.95% increase in prepayments to ¥34,280,966.53, driven by enhanced cooperation with upstream suppliers to stabilize raw material prices[9]. - Inventory increased by 18.32% to ¥190,956,246.30 to meet changing market demands[9]. - The company has seen a significant increase in orders for its electrode foil products and a substantial rise in sales revenue from its subsidiary in the new energy vehicle control business[9]. - Total operating revenue for the first quarter was CNY 154,574,290.28, an increase of 56.7% compared to CNY 98,693,916.73 in the previous year[19]. - Total operating costs amounted to CNY 152,851,797.65, up from CNY 118,232,615.00, reflecting a year-over-year increase of 29.2%[19]. - Research and development expenses for the quarter were CNY 7,701,471.42, compared to CNY 3,956,142.00 in the previous year, marking a 94.5% increase[20]. Financial Expenses - The company reported a significant decrease in financial expenses, which fell to CNY 4,911,094.90 from CNY 7,643,829.52, a reduction of 35.9%[20].