ZJJF(SH:600668)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 832.02 million, representing a year-on-year increase of 6.45%[5] - The net profit attributable to shareholders decreased by 77.64% to CNY 19.86 million compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was CNY -18.06 million, a decline of 121.46% year-on-year[5] - Basic earnings per share were CNY 0.0577, down 77.64% from the previous year[5] - The company reported a net profit margin improvement, with net profit for Q1 2022 expected to reflect the growth in operating revenue and controlled costs[22] - In Q1 2022, the company reported a net profit of CNY 35,434,927.20, a decrease of 64.9% compared to CNY 100,857,600.31 in Q1 2021[23] - The total revenue from operating activities was CNY 838,672,095.42, representing an increase of 6.9% from CNY 784,319,123.67 in the same period last year[25] - The company’s total comprehensive income for the period was CNY -23,631,513.84, a significant decline from CNY 103,166,132.14 in the previous year[24] - Basic and diluted earnings per share were both CNY 0.06, down from CNY 0.26 in Q1 2021[24] Cash Flow and Liquidity - The net cash flow from operating activities increased by 44.65% to CNY 91.65 million[5] - Cash and cash equivalents increased by 76.56% to CNY 227 million due to increased bank borrowings during the reporting period[9] - The cash flow from operating activities showed a net increase of CNY 91,648,303.81, compared to CNY 63,356,746.43 in Q1 2021, indicating a 44.6% improvement[26] - The company’s cash and cash equivalents at the end of the period totaled CNY 505,724,849.68, an increase of 98.6% from CNY 254,392,791.11 at the end of Q1 2021[27] - The financing activities generated a net cash inflow of CNY 217,092,614.96, a recovery from a net outflow of CNY -264,716,092.60 in Q1 2021[27] - The investment activities resulted in a net cash outflow of CNY -82,056,334.49, compared to a net inflow of CNY 240,680,384.96 in the same period last year[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,034.83 million, a slight increase of 0.15% from the end of the previous year[6] - Total liabilities increased to CNY 1,587,788,830.00 from CNY 1,513,294,026.16, indicating a rise of 4.9%[20] - Non-current assets totaled CNY 5,450,580,466.97, down from CNY 5,599,550,835.50, reflecting a decrease of 2.7%[19] - Short-term borrowings increased by 2.16 billion RMB compared to the beginning of the year, primarily due to increased bank borrowings by the company and its subsidiaries[10] - Short-term borrowings surged to CNY 236,329,138.92 from CNY 20,027,583.36, indicating a significant increase[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 59,894[13] - Shareholders' equity attributable to the company decreased by 0.83% to CNY 5,163.96 million compared to the end of the previous year[6] Research and Development - Research and development expenses increased by 0.13 billion RMB year-on-year, reflecting higher investment in R&D activities by subsidiaries[10] - Research and development expenses increased significantly to CNY 27,347,469.10, up 96.5% from CNY 13,874,237.05 in Q1 2021[23] Non-Recurring Items - Non-recurring gains and losses totaled CNY 37.92 million after tax, with significant contributions from non-operating income[9] - The company’s other comprehensive income decreased by 0.59 billion RMB compared to the beginning of the year, mainly due to changes in the fair value of other equity investments[10] - The company reported a decrease in investment income of 1.01 billion RMB year-on-year, attributed to a decline in net profit from an associated company[10] - The company’s tax and additional charges increased by 0.05 billion RMB year-on-year, primarily due to increased taxes from product sales[10] - The company’s contract liabilities increased by 0.25 billion RMB compared to the beginning of the year, mainly due to increased advance payments received by subsidiaries[10] Capital and Investment - The company approved a capital increase of 202.1881 million RMB for a subsidiary, indicating ongoing investment and restructuring efforts[15]