CHALCO(601600)2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was RMB 75,621,399 thousand, representing a 43.62% increase compared to RMB 52,652,764 thousand in the same period last year[2] - Net profit attributable to shareholders was RMB 1,574,894 thousand, a 60.52% increase from RMB 981,144 thousand year-on-year[2] - The basic earnings per share for Q1 2022 was RMB 0.091, up 65.34% from RMB 0.055 in the same period last year[3] - Total comprehensive income for Q1 2022 was RMB 2,241,633 thousand, compared to RMB 1,518,893 thousand in Q1 2021, indicating a 47.5% growth[16] - The company’s total costs for Q1 2022 were RMB 72,523,517 thousand, which is a 45.6% increase from RMB 49,826,193 thousand in the same period last year[15] Cash Flow and Liquidity - The net cash flow from operating activities reached RMB 8,556,022 thousand, marking a significant increase of 260.28% compared to RMB 2,374,812 thousand in the previous year[2] - Cash flow from operating activities generated RMB 8,556,022 thousand, a substantial increase from RMB 2,374,812 thousand in Q1 2021[18] - The company's cash and cash equivalents were RMB 17,961,408,000, a decrease from RMB 19,177,992,000 in the previous year[13] - The cash and cash equivalents at the end of Q1 2022 were RMB 16,783,415 thousand, a decrease from RMB 17,853,244 thousand at the beginning of the quarter[19] - The cash and cash equivalents at the end of Q1 2022 were CNY 7,531,981 thousand, down from CNY 4,037,015 thousand in Q1 2021, reflecting changes in liquidity[25] Assets and Liabilities - The total assets at the end of the reporting period were RMB 196,623,258 thousand, reflecting a 2.21% increase from RMB 192,376,897 thousand at the end of the previous year[3] - Current assets totaled RMB 55,228,094,000, up from RMB 48,714,043,000 year-over-year[13] - Total liabilities as of March 31, 2022, were RMB 121,489,466,000, compared to RMB 119,593,400,000 at the end of 2021[14] - The total liabilities increased to CNY 73,487,539 thousand in Q1 2022 from CNY 72,714,553 thousand in Q1 2021, reflecting a slight rise in financial obligations[22] - The equity attributable to shareholders of the parent company increased to RMB 58,901,149,000 from RMB 57,264,687,000 year-over-year[14] Research and Development - The company reported a 161.30% increase in R&D expenses, primarily due to investments in optimizing electrolytic aluminum processes and developing high-end products[8] - Research and development expenses increased significantly to RMB 400,141 thousand, compared to RMB 153,135 thousand in the same period last year, marking a 161.5% rise[15] - Research and development expenses surged to CNY 72,683 thousand in Q1 2022, up from CNY 8,098 thousand in Q1 2021, indicating a focus on innovation[23] Shareholder Information - As of March 31, 2022, the total number of ordinary shareholders was 546,638, with the top ten shareholders holding a combined 66.65% of the shares[10] - China Aluminum Group holds 5,050,376,970 shares, representing 29.67% of the total shares outstanding[10] Investment Activities - The company completed the acquisition of metal gallium assets from China Rare Earth Holdings for a transaction value of RMB 392,411.6 thousand[3] - The total cash outflow from investing activities was CNY 7,888,283 thousand in Q1 2022, compared to CNY 6,533,142 thousand in Q1 2021, highlighting increased investment activity[24] Financial Expenses - The company’s financial expenses decreased to RMB 903,030 thousand in Q1 2022 from RMB 972,671 thousand in Q1 2021, a reduction of 7.1%[15] - The company incurred financial expenses of CNY 331,053 thousand in Q1 2022, slightly up from CNY 321,499 thousand in Q1 2021, indicating stable financing costs[23] Production Metrics - The production of alumina remained stable at 4,090,000 tons, while the production of fine alumina increased by 7.50% to 1,030,000 tons[7] Borrowings - The long-term borrowings stood at RMB 36,678,393,000, slightly up from RMB 36,266,071,000[14] - The company experienced a 47.69% decrease in current liabilities due to loan repayments[8]