JINHUIINC.(SH:603132)2022-04-22 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥280,679,861.10, a decrease of 10.11% compared to the same period last year[6]. - Net profit attributable to shareholders was ¥111,642,920.34, down 8.75% year-on-year[6]. - The company's total revenue for Q1 2022 was ¥280,679,861.10, a decrease of 10.5% compared to ¥312,236,107.55 in Q1 2021[31]. - Operating profit for Q1 2022 was ¥130,856,235.15, down from ¥143,365,204.69 in Q1 2021, indicating a decline of about 8.8%[34]. - Net profit for Q1 2022 was ¥111,642,920.34, compared to ¥122,351,955.05 in Q1 2021, reflecting a decrease of approximately 8.7%[37]. - The company reported non-recurring gains of ¥4,474,130.30, primarily from government subsidies[10]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥137,947,837.19, reflecting a decline of 28.36% compared to the previous year[6]. - The company's cash and cash equivalents increased significantly to ¥1,057,060,051.64 as of March 31, 2022, compared to ¥271,443,441.57 as of December 31, 2021, showing a growth of approximately 289.5%[24]. - The cash inflow from financing activities in Q1 2022 was CNY 698,782,974.10, a significant increase compared to CNY 16,332,992.23 in Q1 2021[1]. - The net cash flow from operating activities in Q1 2022 was CNY 138,876,312.01, compared to CNY 198,106,571.68 in Q1 2021, indicating a decrease of 30.00%[56]. - The net increase in cash and cash equivalents for Q1 2022 was 659,128,284.89, significantly higher than 143,862,069.84 in Q1 2021, indicating improved liquidity[61]. - The ending balance of cash and cash equivalents for Q1 2022 was 896,536,528.83, compared to 169,210,714.69 in Q1 2021, demonstrating substantial growth in cash reserves[61]. Assets and Liabilities - Total assets increased to ¥5,434,059,840.11, representing a growth of 16.94% from the end of the previous year[9]. - The total liabilities as of March 31, 2022, were ¥2,126,862,568.37, a decrease from ¥2,407,498,355.30 as of December 31, 2021, representing a reduction of about 11.6%[30]. - The company's total liabilities as of March 31, 2022, were CNY 2,224,047,910.18, down from CNY 2,503,672,205.06 at the end of 2021[48]. - The total equity attributable to shareholders increased to ¥3,307,197,271.74 as of March 31, 2022, from ¥2,239,390,891.71 as of December 31, 2021, reflecting an increase of about 47.8%[30]. - The total equity as of March 31, 2022, was CNY 3,334,661,144.92, an increase from CNY 2,266,355,771.71 at the end of 2021[48]. Production and Sales - The production of zinc concentrate was 13,729.53 tons, a decrease of 3.36% year-on-year, while lead concentrate production fell by 23.89% to 4,361.24 tons[20]. - The sales volume of zinc concentrate was 12,028.84 tons, down 12.33% from the previous year, and lead concentrate sales decreased by 32.19% to 3,879.63 tons[20]. - The company faced operational challenges due to COVID-19, resulting in a mining volume reduction of 22,071 tons and a temporary inventory of 2,292 tons of products[19]. Research and Development - Research and development expenses increased to ¥8,568,710.50 in Q1 2022, compared to ¥6,487,617.12 in Q1 2021, marking a rise of approximately 32.2%[34]. Investment Activities - The company raised ¥996,896,000.00 from investment activities in Q1 2022, indicating strong capital inflow during this period[40]. - The cash inflow from the disposal of fixed assets and other long-term assets was 41,033.74 in Q1 2022, up from 25,884.06 in Q1 2021, indicating increased asset management efficiency[58]. - Cash paid for the acquisition of fixed assets and other long-term assets was 28,572,030.55 in Q1 2022, compared to 20,603,379.86 in Q1 2021, reflecting ongoing investment in infrastructure[58]. - The company received 996,896,000.00 in cash from investment absorption in Q1 2022, marking a significant inflow that supports growth initiatives[58].