顺博合金(002996) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was CNY 2,802,361,468.49, representing a 68.48% increase compared to CNY 1,663,273,952.42 in the same period last year[3] - Net profit attributable to shareholders for Q1 2022 was CNY 126,615,820.59, up 61.29% from CNY 78,501,510.06 year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 30.96%, reaching CNY 97,108,951.55[3] - Basic and diluted earnings per share rose to CNY 0.29, reflecting a 61.11% increase compared to CNY 0.18 in the same period last year[3] - Operating profit for the quarter was CNY 159,566,278.89, up 52.1% from CNY 104,943,647.59 in Q1 2021[18] - Net profit attributable to shareholders of the parent company was CNY 126,615,820.59, representing a 61.5% increase from CNY 78,501,510.06 in the previous year[19] Cash Flow and Assets - The net cash flow from operating activities improved significantly, with a net amount of CNY 64,646,340.66, a 125.17% increase from a negative CNY 256,816,760.32 in the previous year[3] - The company reported a net cash flow from operating activities of CNY 64,646,340.66, a turnaround from a negative cash flow of CNY -256,816,760.32 in Q1 2021[21] - Cash and cash equivalents at the end of the period totaled CNY 326,403,113.68, an increase from CNY 284,865,257.40 at the end of Q1 2021[22] - The company's total current assets increased to approximately 4.59 billion yuan from 4.07 billion yuan at the beginning of the year, reflecting a growth of about 12.7%[16] - The company's cash and cash equivalents increased to approximately 493.69 million yuan from 410.08 million yuan, representing a growth of about 20.3%[15] Liabilities and Equity - Total assets at the end of the reporting period were CNY 5,526,128,946.87, a 10.21% increase from CNY 5,014,119,280.35 at the end of the previous year[3] - Shareholders' equity attributable to the parent company increased by 5.22% to CNY 2,303,614,275.67 from CNY 2,189,403,755.93[3] - The company's total liabilities rose to approximately 3.07 billion yuan from 2.68 billion yuan at the beginning of the year, indicating an increase of about 14.6%[17] Operational Highlights - The company reported a slight increase in sales volume and higher sales prices, which enhanced profitability during the quarter[7] - The consolidation of Chongqing Aobo Aluminum Manufacturing Co., which contributed CNY 179 million in revenue, positively impacted the overall financial performance[7] Projects and Investments - The company has initiated the "Ma'anshan Shunbo Alloy Industrial Base Project" in Ma'anshan, Anhui Province, which is recognized as a key project for 2022 by the Anhui provincial government[12] - The company plans to issue convertible bonds up to a maximum of 850 million yuan to fund the Ma'anshan project and supplement working capital, with the application already accepted by the China Securities Regulatory Commission[12] Financial Expenses and Costs - The company's total operating costs for the quarter were CNY 2,716,187,379.69, up 72.6% from CNY 1,571,478,993.92 in the same period last year[18] - The gross profit margin for Q1 2022 was approximately 3.1%, compared to 3.5% in Q1 2021, indicating a slight decrease in profitability[18] - The company’s financial expenses increased to CNY 22,252,150.66, up from CNY 7,245,220.16 in the previous year, reflecting higher borrowing costs[18] Inventory and Fixed Assets - The company’s inventory increased to approximately 992.31 million yuan from 835.32 million yuan, showing an increase of about 18.8%[16] - The company’s fixed assets decreased slightly to approximately 643.78 million yuan from 651.39 million yuan, a decline of about 1.2%[16] Investment Activities - The total cash inflow from investment activities was CNY 103,532,254.28, down from CNY 485,514,168.61 in the same period last year, indicating a decrease in investment returns[22]