Lion(SH:605358)2022-04-11 16:00Financial Performance - The company's operating revenue for Q1 2022 was RMB 75,630.11 million, representing a year-on-year increase of 63.86%[2] - The net profit attributable to shareholders was RMB 23,801.13 million, a significant increase of 214.02% compared to the previous year[2] - The net profit after deducting non-recurring gains and losses was RMB 23,360.06 million, up 253.16% year-on-year[2] - The basic earnings per share for the period was RMB 0.52, reflecting a 173.94% increase[3] - Total revenue for Q1 2022 reached ¥756,301,050.52, a significant increase from ¥461,540,348.83 in Q1 2021, representing a growth of approximately 63.9%[16] - Net profit for Q1 2022 amounted to ¥248,407,511.12, compared to ¥79,779,960.93 in Q1 2021, marking an increase of around 210.5%[18] - The net profit attributable to shareholders of the parent company for Q1 2022 was approximately ¥238 million, compared to ¥76 million in Q1 2021, representing a growth of 213%[19] - The total comprehensive income for Q1 2022 was approximately ¥248 million, up from ¥80 million in Q1 2021, indicating a year-over-year increase of 210%[19] Assets and Liabilities - Total assets at the end of the reporting period were RMB 1,425,255.89 million, an increase of 13.47% from the end of the previous year[3] - The company's total current assets decreased from 6.62 billion yuan at the end of 2021 to 5.56 billion yuan as of March 31, 2022[14] - Fixed assets increased from approximately 3.95 billion yuan at the end of 2021 to approximately 4.40 billion yuan as of March 31, 2022[14] - Non-current assets totaled ¥8,693,038,030.51 in Q1 2022, compared to ¥5,936,429,662.46 in Q1 2021, an increase of about 46.5%[15] - Total liabilities reached ¥5,629,523,078.83 in Q1 2022, up from ¥4,319,154,351.04 in Q1 2021, indicating a growth of approximately 30.3%[16] - The company’s total liabilities increased by 119.57% to RMB 132,848 million, primarily due to the consolidation of Jiaxing Jinruihong's balance sheet[9] Cash Flow - The company reported a net cash flow from operating activities of -RMB 4,175.46 million, a decrease of 50.45% year-on-year[2] - Net cash flow from operating activities increased by 42.51 million yuan year-on-year, mainly due to an increase in sales receipts[10] - Cash inflows from operating activities in Q1 2022 totaled approximately ¥548 million, compared to ¥297 million in Q1 2021, marking an increase of 84%[20] - The net cash outflow from investing activities in Q1 2022 was approximately -¥1.58 billion, compared to -¥714 million in Q1 2021, indicating a significant increase in investment expenditures[21] - Cash inflows from financing activities in Q1 2022 were approximately ¥484 million, down from ¥660 million in Q1 2021, showing a decrease of 27%[21] - The net cash flow from financing activities for Q1 2022 was approximately ¥65 million, compared to ¥97 million in Q1 2021, reflecting a decrease of 33%[21] - The ending cash and cash equivalents balance for Q1 2022 was approximately ¥2.39 billion, compared to ¥830 million at the end of Q1 2021, representing a substantial increase of 187%[21] - The company reported a net cash outflow of approximately -¥1.55 billion for Q1 2022, compared to -¥699 million in Q1 2021, indicating a worsening cash position[21] Research and Development - Research and development expenses increased by 62.35% to RMB 6,205 million, indicating a continued focus on new product and technology development[9] - Research and development expenses in Q1 2022 were ¥61,925,165.81, up from ¥38,142,257.82 in Q1 2021, showing a rise of approximately 62.0%[18] Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 39,889[11] - The largest shareholder, Wang Minwen, holds 17.41% of the shares, with 8.8 million shares pledged[11] Accounting Standards - The company did not apply the new accounting standards for the first time in 2022[22]