JSCN(600959)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥1,752,257,278.68, representing a year-on-year increase of 3.19%[6] - Net profit attributable to shareholders was ¥91,999,976.64, reflecting a significant increase of 26.19% compared to the same period last year[6] - Basic earnings per share were ¥0.0184, up by 26.03% from the previous year[6] - The net profit for Q1 2022 reached CNY 111,874,160.93, up from CNY 90,925,578.42 in Q1 2021, indicating a growth of approximately 23%[29] - The total comprehensive income for Q1 2022 was ¥111,874,160.93, compared to ¥90,925,578.42 in Q1 2021, indicating an increase of about 23.0%[32] - The basic and diluted earnings per share for Q1 2022 were both ¥0.0184, up from ¥0.0146 in Q1 2021, reflecting a growth of 25.9%[32] Cash Flow - The net cash flow from operating activities was negative at -¥103,121,574.51, a decrease of 238.99% year-on-year[6] - The net cash flow from operating activities for Q1 2022 was -53,425,321.61 RMB, compared to -20,968,150.23 RMB in Q1 2021, indicating a decline in operational cash flow[51] - Cash inflow from operating activities totaled ¥2,071,621,062.82 in Q1 2022, down from ¥2,197,701,631.93 in Q1 2021, representing a decrease of approximately 5.7%[36] - Cash outflow from operating activities was ¥2,174,742,637.33 in Q1 2022, compared to ¥2,123,506,050.41 in Q1 2021, indicating an increase of about 2.4%[36] - The ending cash and cash equivalents balance as of March 31, 2022, was ¥3,254,741,587.67, compared to ¥3,161,049,632.93 at the end of Q1 2021[38] - The total cash inflow from operating activities was 1,598,628,257.40 RMB in Q1 2022, compared to 1,495,439,872.80 RMB in Q1 2021, indicating a year-over-year increase[51] Assets and Liabilities - Total assets at the end of the reporting period were ¥35,074,792,358.60, a slight decrease of 0.31% from the end of the previous year[9] - The total assets as of the reporting date were CNY 35,074,792,358.60, slightly down from CNY 35,185,475,068.59 in the previous period[26] - Total liabilities decreased to CNY 12,399,499,539.58 from CNY 12,617,931,010.50, showing a reduction of about 1.7%[26] - The total liabilities increased to ¥11.74 billion from ¥11.68 billion year-over-year[44] - The total equity decreased slightly to ¥21.49 billion from ¥21.50 billion year-over-year[44] Research and Development - Research and development expenses surged by 374.04%, indicating increased investment in innovation[11] - The company reported a significant increase in research and development expenses, which rose to CNY 24,188,004.22 from CNY 5,102,501.23, marking an increase of approximately 373%[29] - Research and development expenses for Q1 2022 were ¥19.25 million, indicating ongoing investment in innovation[44] Shareholder Information - Total number of common shareholders at the end of the reporting period was 118,751[15] - Jiangsu Guojin Group holds 2,285,514,129 shares, representing 45.70% of total shares[15] Investment and Financing Activities - The company reported a 65.54% increase in investment income, primarily from joint ventures and associates[11] - Non-operating income totaled ¥116,899,247.95, with significant contributions from government subsidies[11] - Cash inflow from financing activities for Q1 2022 was ¥730,975,000.00, compared to ¥525,000,000.00 in Q1 2021, showing an increase of about 39.2%[38] - The net cash flow from financing activities increased to 191,864,780.05 RMB in Q1 2022, up from 493,604,877.58 RMB in Q1 2021, showing a significant change in financing strategy[51] Operational Challenges - The net cash flow from operating activities for Q1 2022 was -¥103,121,574.51, a decline from ¥74,195,581.52 in Q1 2021[36] - The company's cash flow from operating activities showed a decrease, reflecting challenges in revenue generation[46] - Cash outflow for purchasing goods and services in Q1 2022 was 371,494,539.97 RMB, up from 317,813,242.02 RMB in Q1 2021, reflecting increased operational costs[51]