QJSL(SH:600283)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 371,478,019.93, representing a year-on-year increase of 20.36%[5] - The net profit attributable to shareholders decreased by 16.77% to CNY 32,414,842.34 compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses fell by 36.39% to CNY 22,148,990.73[5] - Basic and diluted earnings per share were both CNY 0.09, a decrease of CNY 0.02 from the previous year[6] - The company reported a net profit margin improvement, with net profit for Q1 2022 expected to reflect the growth in revenue[20] - Net profit for Q1 2022 was 47,007,104.63 RMB, down from 50,340,982.22 RMB in Q1 2021, reflecting a decrease of about 6.3%[22] - Basic earnings per share for Q1 2022 was 0.09 RMB, down from 0.11 RMB in Q1 2021, a decline of about 18.2%[22] Cash Flow - The net cash flow from operating activities increased significantly by 127.71% to CNY 137,104,472.29[5] - The net cash flow from operating activities for Q1 2022 was 137,104,472.29 RMB, significantly higher than 60,210,779.07 RMB in Q1 2021, indicating an increase of approximately 127.4%[25] - The company's cash flow from operating activities generated a net amount of CNY 12,261,598.72 in Q1 2022, down from CNY 22,155,638.26 in Q1 2021[35] - Cash inflow from financing activities reached $499,000,000.00, with no inflow recorded in the previous year[36] - Net cash flow from financing activities was $192,619,083.34, compared to -$28,465,658.37 last year[36] - The net increase in cash and cash equivalents was $195,282,674.39, contrasting with a decrease of $3,317,276.12 in the previous year[36] - The ending balance of cash and cash equivalents was $334,830,397.05, significantly higher than $123,756,350.69 at the end of the previous year[36] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,661,256,709.85, an increase of 4.36% from the end of the previous year[6] - Current assets as of March 31, 2022, totaled RMB 1,780,521,067.43, up from RMB 1,490,353,264.45 at the end of 2021, reflecting a growth of 19.4%[17] - Total liabilities as of March 31, 2022, were RMB 3,917,928,732.50, compared to RMB 3,706,126,457.59 at the end of 2021, an increase of 5.7%[19] - Total assets reached RMB 6,661,256,709.85, up from RMB 6,382,847,330.31, marking a growth of 4.4%[19] - Non-current assets amounted to RMB 4,880,735,642.42, slightly down from RMB 4,892,494,065.86, a decrease of 0.2%[18] - The company's equity attributable to shareholders increased to RMB 2,113,663,444.89 from RMB 2,081,248,602.55, a rise of 1.6%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 27,109[12] - The top shareholder, China Water Investment Co., Ltd., held 33.55% of the shares, totaling 118,436,629 shares[13] Research and Development - Research and development expenses decreased by 93.88% compared to the previous year, indicating reduced investment in R&D[11] - Research and development expenses decreased to 147,114.89 RMB in Q1 2022 from 2,405,007.13 RMB in Q1 2021, a reduction of about 93.9%[25] Operating Costs - The company reported a total operating cost of 300,810,047.33 RMB in Q1 2022, compared to 252,705,661.23 RMB in Q1 2021, marking an increase of approximately 19%[25] Investment Activities - Investment activities resulted in a net cash outflow of 115,588,377.80 RMB in Q1 2022, compared to an outflow of 133,797,927.10 RMB in Q1 2021, indicating a decrease of about 13.6%[26] - Cash inflow from investment activities totaled $33,854,833.33, a significant increase from $3,827,892.99 in the previous year[36] - Cash outflow for investment activities was $43,452,841.00, compared to $835,149.00 in the same period last year[36] - Net cash flow from investment activities was -$9,598,007.67, a decrease from $2,992,743.99 year-over-year[36] Accounting Standards - The company has adopted new accounting standards starting from 2022, which may impact future financial reporting[36]