JHM(SH:603078)2022-04-29 16:00Financial Performance - Revenue for Q1 2022 reached ¥243,917,158.79, an increase of 55.98% compared to the same period last year[2] - Net profit attributable to shareholders was ¥33,013,413.99, representing a significant increase of 253.78% year-on-year[2] - Basic earnings per share for the quarter were ¥0.1685, up 253.88% from the previous year[2] - The company's net profit for Q1 2022 is not explicitly stated, but the increase in revenue suggests a positive trend in profitability[16] - The net profit for Q1 2022 was CNY 33,009,163, a significant increase from CNY 9,190,040 in Q1 2021, representing a growth of approximately 259%[18] - The company reported an operating profit of CNY 39,247,830.64, up from CNY 10,008,425.47 in Q1 2021, marking an increase of approximately 292%[18] - The total profit before tax for Q1 2022 was CNY 38,439,695.20, compared to CNY 9,896,128.69 in Q1 2021, reflecting a growth of approximately 288%[18] Assets and Liabilities - The company's total assets decreased by 3.54% to ¥2,168,617,971.43 compared to the end of the previous year[3] - Cash and cash equivalents as of March 31, 2022, amounted to RMB 225,398,731.79, down from RMB 292,703,078.05 as of December 31, 2021, reflecting a decrease of approximately 23%[11] - Total assets decreased to RMB 2,168,617,971.43 from RMB 2,248,281,468.76, a decline of about 3.5%[14] - Total liabilities decreased to RMB 982,426,217.30 from RMB 1,095,098,877.63, indicating a reduction of approximately 10.3%[13] Cash Flow - Operating cash flow for the quarter was negative at -¥9,062,799.82, a decline of 78.73% year-on-year[2] - The net cash flow from operating activities was negative CNY 9,062,799.82, an improvement from negative CNY 42,616,193.77 in Q1 2021[20] - Investment activities resulted in a net cash outflow of CNY 11,678,958.46, an improvement from a net outflow of CNY 182,130,932.89 in Q1 2021[21] - The company raised CNY 25,000,000 through borrowings, consistent with the previous year, while cash outflows for debt repayment increased to CNY 33,318,960 from CNY 15,079,740[21] Costs and Expenses - The company reported a 35.14% increase in operating costs, primarily due to sales growth[5] - Total operating costs for Q1 2022 were RMB 204,885,901.12, up from RMB 145,538,272.84 in Q1 2021, indicating an increase of about 40.7%[16] - Research and development expenses increased by 59.76%, indicating a focus on innovation and new projects[5] - The company's R&D expenses for Q1 2022 were RMB 8,979,720.84, up from RMB 5,620,610.62 in Q1 2021, reflecting an increase of about 59.5%[16] Receivables and Inventory - The number of receivables decreased by 55.73%, attributed to an increase in procurement payments[5] - Accounts receivable increased to RMB 345,469,541.90 from RMB 310,267,999.27, showing a rise of about 11.3%[12] - Inventory as of March 31, 2022, was RMB 54,441,488.18, compared to RMB 50,347,132.93 at the end of 2021, marking an increase of approximately 8.3%[12] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies[2]