Financial Performance - The company's revenue for Q1 2022 was ¥536,308,323.04, representing an increase of 89.69% compared to ¥282,725,800.24 in the same period last year[3] - Net profit attributable to shareholders was ¥27,040,993.46, a significant increase of 158.01% from ¥10,480,716.82 year-on-year[3] - Basic earnings per share rose to ¥0.17, an increase of 88.89% from ¥0.09 in the same period last year[3] - The net profit for the first quarter of 2022 was CNY 29,912,635.45, a significant increase from CNY 9,419,589.75 in the same period last year, representing a growth of approximately 217%[19] - The operating profit for the first quarter was CNY 32,147,932.07, compared to CNY 11,596,739.02 in the previous year, indicating an increase of about 176%[19] - The total comprehensive income attributable to the parent company's owners was CNY 27,040,993.46, compared to CNY 10,480,716.82 in the previous year, representing an increase of about 158%[20] Cash Flow and Assets - The net cash flow from operating activities reached ¥225,346,311.12, a remarkable increase of 727.20% compared to a negative cash flow of ¥35,928,921.79 in the previous year[3] - The total cash inflow from operating activities was CNY 563,797,985.22, up from CNY 294,777,012.82 year-over-year, reflecting an increase of approximately 91%[21] - Cash and cash equivalents at the end of the period totaled CNY 303,864,389.56, a significant increase from CNY 9,104,850.67 at the end of the previous year[22] - The cash outflow from investing activities was CNY 31,496,913.00, compared to CNY 3,758,728.70 in the previous year, indicating a substantial increase in investment spending[22] - The cash inflow from financing activities was CNY 83,000,000.00, up from CNY 60,000,000.00 in the same quarter last year, reflecting a growth of approximately 38.33%[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,287,624,066.93, up 7.92% from ¥2,119,811,637.16 at the end of the previous year[3] - The total assets as of March 31, 2022, were CNY 2,287,624,066.93, compared to CNY 2,119,811,637.16 at the beginning of the year, marking an increase of about 7.9%[17] - The total liabilities increased to CNY 1,203,835,818.18 from CNY 1,065,936,023.86, reflecting a growth of approximately 12.9%[16] Costs and Expenses - The total operating costs for Q1 2022 amounted to CNY 503,102,212.07, compared to CNY 274,738,908.70 in Q1 2021, indicating an increase of about 83.1%[17] - Research and development expenses for Q1 2022 were CNY 13,191,058.83, compared to CNY 8,761,840.04 in Q1 2021, indicating an increase of approximately 50.4%[17] Growth Drivers - The growth in revenue was primarily driven by increased sales volume and rising raw material prices[6] - The profit increase was attributed to the growth in revenue and a subsidiary turning a profit compared to the previous year[6] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[15] Government Support - The company received government subsidies amounting to ¥388,235.00 during the reporting period[5] - There were no significant changes in non-recurring gains and losses, with a total of ¥301,536.95 recognized[5]
久盛电气(301082) - 2022 Q1 - 季度财报