东方日升(300118) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was CNY 5,413,967,032.74, representing a 40.46% increase compared to CNY 3,854,394,986.21 in the same period last year[3]. - Net profit attributable to shareholders was CNY 212,754,045.40, a significant increase of 280.59% from CNY 55,901,023.42 year-on-year[3]. - Basic earnings per share increased to CNY 0.24, a 300.00% rise compared to CNY 0.06 in the same quarter last year[3]. - The net profit growth of 183.02% was driven by increased sales volume and higher prices of photovoltaic products[8]. - Total comprehensive income for the period reached CNY 161,849,270, an increase from CNY 78,812,721 in the previous period[19]. Cash Flow - The net cash flow from operating activities reached CNY 692,214,640.74, up 199.49% from CNY 231,129,187.56 in the previous year[3]. - Cash inflow from operating activities totaled CNY 7,803,638,913.09, up from CNY 5,255,724,683.06 year-over-year[20]. - Cash flow from investing activities showed a net outflow of CNY 52,344,575.64, an improvement from a net outflow of CNY 245,636,873.46 last year[21]. - Cash flow from financing activities resulted in a net outflow of CNY 148,216,505.33, compared to a net outflow of CNY 393,550,285.42 in the same period last year[21]. - The ending balance of cash and cash equivalents was CNY 2,581,026,938.74, an increase from CNY 2,213,529,101.84 at the end of the previous period[22]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 32,332,976,957.72, reflecting a 9.38% increase from CNY 29,561,376,698.72 at the end of the previous year[3]. - The total liabilities increased to ¥22,560,923,695.80 in Q1 2022 from ¥20,023,056,865.12 in Q1 2021, reflecting a rise of 12.6%[16]. - The company's total equity attributable to shareholders increased to ¥8,709,519,030.81 from ¥8,479,632,015.19, a rise of 2.7%[16]. - The total current liabilities rose to ¥19,230,569,685.64 in Q1 2022, up from ¥16,758,734,631.54 in Q1 2021, an increase of 8.8%[16]. Inventory and Receivables - The company reported a 40.35% increase in inventory compared to the end of the previous year, attributed to increased production capacity[7]. - Accounts receivable increased to CNY 3.10 billion from CNY 2.61 billion, representing a rise of approximately 18.7%[14]. - Inventory levels rose to CNY 4.25 billion, compared to CNY 3.03 billion at the start of the year, marking an increase of around 40.0%[14]. - The company has seen a notable increase in other receivables, which decreased to CNY 1.43 billion from CNY 2.15 billion, showing a reduction of approximately 33.2%[14]. Investment and Capital Activities - The company’s investment activities saw a 78.69% decrease in cash outflow compared to the previous year, as capital expenditures reduced following the completion of new production bases[8]. - The company is in the process of a targeted issuance of A-shares, with approvals from the board and shareholders already obtained, indicating strategic capital raising efforts[12]. - The company has received regulatory feedback regarding its stock issuance application, indicating progress in its capital market activities[12]. Research and Development - Research and development expenses for Q1 2022 amounted to ¥186,554,808.03, compared to ¥161,367,456.73 in Q1 2021, indicating a growth of 15.6%[17]. Other Financial Metrics - The weighted average return on equity improved to 2.48%, up from 0.66% in the same period last year[3]. - The company reported a significant increase in short-term borrowings, which reached CNY 4.17 billion, up from CNY 3.80 billion, reflecting a growth of about 9.8%[14]. - The company experienced a foreign exchange loss of ¥61,801,091.51 in Q1 2022, compared to a loss of ¥105,972,873.47 in the same period last year, showing an improvement[18].