Financial Performance - The company's revenue for Q1 2022 was CNY 410,580,810.78, representing a 28.61% increase compared to CNY 319,241,454.53 in the same period last year[3] - Net profit attributable to shareholders decreased by 34.80% to CNY 29,073,908.83 from CNY 44,590,142.64 year-on-year[3] - Total operating revenue for Q1 2022 was CNY 410,580,810.78, an increase of 28.7% compared to CNY 319,241,454.53 in Q1 2021[18] - Net profit for Q1 2022 was CNY 29,073,908.83, a decrease of 34.8% from CNY 44,590,142.64 in Q1 2021[20] - Earnings per share for Q1 2022 were CNY 0.0727, down from CNY 0.1115 in Q1 2021[21] Cash Flow - The net cash flow from operating activities significantly dropped by 98.12%, amounting to CNY 1,432,339.48 compared to CNY 76,349,848.31 in the previous year[9] - Cash flow from operating activities for Q1 2022 was CNY 1,432,339.48, significantly lower than CNY 76,349,848.31 in Q1 2021[22] - The cash inflow from financing activities totaled 82,230,870.50 CNY, while cash outflow was 66,602,880.38 CNY, resulting in a net cash flow of 15,627,990.12 CNY from financing activities[23] - The net cash flow from investment activities was -11,371,316.01 CNY, indicating a decrease compared to the previous period[23] - The net increase in cash and cash equivalents for the period was 5,901,864.46 CNY[23] Assets and Liabilities - Total assets increased by 4.29% to CNY 1,898,517,560.88 from CNY 1,820,473,149.97 at the end of the previous year[3] - Current assets reached CNY 1,046,359,777.02, up from CNY 1,003,048,802.53 at the start of the year, indicating a growth of approximately 4.3%[16] - Total liabilities as of Q1 2022 were CNY 564,305,728.31, an increase from CNY 515,099,556.13 in the previous year[18] - The total liabilities of the company increased, with current liabilities reaching CNY 298,405,433.57, up from CNY 274,000,000.00 at the beginning of the year[16] Inventory and Receivables - Accounts receivable rose by 51.82% to CNY 139,516,573.63, attributed to increased sales revenue and outstanding payments[7] - Inventory increased by 14.42% to CNY 304,868,476.63, mainly due to rising raw material prices and higher unit costs of inventory[7] - Inventory levels increased to CNY 304,868,476.63 from CNY 266,445,993.92, representing a growth of about 14.4%[16] - Accounts receivable increased to CNY 139,516,573.63 from CNY 91,893,851.99, showing a significant rise of about 51.8%[15] Operating Costs and Income - Operating costs surged by 46.16% to CNY 347,845,808.85, driven by increased sales volume and higher unit costs[8] - Total operating costs for Q1 2022 were CNY 374,575,024.62, up 42.5% from CNY 263,022,569.90 in the same period last year[18] - Other income rose by 78.10% to CNY 1,259,408.95, primarily due to increased government subsidies[8] Government Subsidies and Financing - The company received government subsidies amounting to CNY 1,209,015.40, which are closely related to its normal business operations[5] - The company reported a significant increase in financing cash flow, with net cash flow from financing activities at CNY 15,627,990.12, compared to a negative CNY 136,874.99 in the previous year[9] Research and Development - Research and development expenses increased to CNY 10,411,311.14, up from CNY 8,805,815.46 in Q1 2021, reflecting a focus on innovation[18] Capital Structure and Future Plans - The company is in the process of issuing convertible bonds to unspecified investors, which may impact its capital structure and funding strategies[13] - The company has announced a delay in some fundraising projects, which may affect its future financial planning and investment strategies[13] Production Capacity - The company reported a total of 3,000 tons of annual production capacity for the upgraded titanium dioxide project, which is a key development in its operational capabilities[13] Audit and Reporting - The company did not undergo an audit for the first quarter report[24] - The company’s financial report was released on April 27, 2022[24]
惠云钛业(300891) - 2022 Q1 - 季度财报