JINHUI(603919)2025-04-14 10:20Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,108,302,532.78, representing a 3.04% increase compared to CNY 1,075,552,902.20 in the same period last year[5]. - Net profit attributable to shareholders was CNY 233,794,429.79, reflecting a 5.77% increase from CNY 221,042,846.30 year-on-year[5]. - The net profit after deducting non-recurring gains and losses was CNY 231,498,280.13, up 4.30% from CNY 221,944,522.03 in the previous year[5]. - Basic earnings per share increased by 6.82% to CNY 0.47, compared to CNY 0.44 in the previous year[5]. - The net profit for Q1 2025 was 230,412,522.92 CNY, compared to 219,329,897.68 CNY in Q1 2024, reflecting an increase of approximately 5.2%[21]. Cash Flow - The net cash flow from operating activities decreased by 21.56% to CNY 269,119,556.23, down from CNY 343,087,420.19 in the same period last year[5]. - The company reported a net cash flow from operating activities of 269,119,556.23 CNY in Q1 2025, down from 343,087,420.19 CNY in Q1 2024, a decrease of about 21.6%[23]. - Cash flow from investing activities totaled 6,478,458.17 in Q1 2024, indicating a significant increase in investment outflows[24]. - Net cash flow from investing activities was -6,464,930.17 in Q1 2024[24]. - The net increase in cash and cash equivalents was 336,622,490.02 in Q1 2024[24]. - The beginning cash and cash equivalents balance was 1,030,752,321.46 in Q1 2024[24]. - The ending cash and cash equivalents balance stood at 1,367,374,811.48 in Q1 2024[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,717,092,284.94, a 2.44% increase from CNY 4,604,591,965.93 at the end of the previous year[5]. - As of March 31, 2025, total current assets increased to 2,847,660,831.59 CNY from 2,716,169,678.45 CNY as of December 31, 2024, representing a growth of approximately 4.9%[15]. - The company's total assets reached 4,717,092,284.94 CNY as of March 31, 2025, up from 4,604,591,965.93 CNY at the end of 2024, indicating an increase of about 2.4%[16]. - The total liabilities as of March 31, 2025, were 1,173,518,263.86 CNY, down from 1,291,382,781.77 CNY at the end of 2024, indicating a reduction of about 9.1%[17]. - The company reported a decrease in accounts payable from 206,181,671.10 CNY at the end of 2024 to 111,357,409.35 CNY as of March 31, 2025, a decline of about 46.0%[16]. Shareholder Equity and Repurchase - Shareholders' equity attributable to shareholders increased by 7.03% to CNY 3,557,876,476.09 from CNY 3,324,129,732.30 at the end of the previous year[5]. - The company completed its share repurchase plan, buying back a total of 10,428,943 shares, accounting for 2.0559% of the total share capital, at an average price of 18.49 CNY per share, totaling 192,853,863.02 CNY[12]. - The company plans to repurchase shares using between CNY 100 million and CNY 200 million of its own funds to implement employee stock ownership plans or equity incentives[11]. Research and Development - Research and development expenses for Q1 2025 were 13,799,353.05 CNY, significantly higher than 8,773,989.92 CNY in Q1 2024, marking an increase of approximately 57.1%[20]. Revenue Growth Factors - The company attributes revenue growth to optimized marketing strategies, enhanced brand influence, and expanded market regions[5]. - For Q1 2025, total operating revenue was 1,108,302,532.78 CNY, a rise of 3.5% compared to 1,075,552,902.20 CNY in Q1 2024[20].