JACK(SH:603337)2022-04-22 16:00Financial Performance - The company's revenue for Q1 2022 was ¥1,820,892,497.69, representing a year-on-year increase of 3.91%[6] - Net profit attributable to shareholders was ¥190,528,301.79, reflecting a significant increase of 37.43% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was ¥187,261,528.03, up by 38.65% year-on-year[6] - The basic earnings per share (EPS) was ¥0.43, which is an increase of 38.71% compared to the previous year[6] - Operating profit for Q1 2022 was ¥211,899,999.12, up from ¥165,926,055.60 in Q1 2021, reflecting a growth of 27.7%[25] - Total comprehensive income for the first quarter of 2022 was CNY 196,421,866.39, an increase from CNY 138,831,786.49 in the same period of 2021, representing a growth of approximately 41.5%[26] - Basic and diluted earnings per share for the first quarter of 2022 were both CNY 0.43, up from CNY 0.31 in the first quarter of 2021, reflecting a year-over-year increase of 38.7%[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥7,850,256,353.82, a 1.47% increase from the end of the previous year[8] - Total assets as of the end of Q1 2022 amounted to ¥7,850,256,353.82, up from ¥7,736,719,380.80 at the end of Q1 2021[21] - Total liabilities decreased to ¥4,291,622,041.56 from ¥4,378,661,480.91 year-on-year, indicating a reduction of 2.0%[21] - Non-current assets total ¥3,257,942,446.53, up from ¥3,208,445,223.44 at the end of 2021[19] - The company reported a total current asset of ¥4,592,313,907.29, slightly up from ¥4,528,274,157.36 year-over-year[19] Cash Flow - Cash flow from operating activities showed a net outflow of ¥339,813,864.35, a decrease of 281.59% year-on-year[6] - Cash inflow from operating activities totaled CNY 1,775,348,680.82 in Q1 2022, compared to CNY 1,552,666,589.15 in Q1 2021, marking an increase of about 14.4%[28] - Net cash flow from operating activities was negative CNY 339,813,864.35 in Q1 2022, a decline from a positive CNY 187,133,706.26 in Q1 2021[29] - Cash inflow from financing activities in Q1 2022 was CNY 1,288,076,800.00, significantly higher than CNY 128,198,970.00 in Q1 2021, representing an increase of over 900%[29] - Cash outflow from investing activities was CNY 368,894,716.06 in Q1 2022, compared to CNY 427,354,980.85 in Q1 2021, showing a decrease of about 13.7%[29] - The net increase in cash and cash equivalents for Q1 2022 was CNY 213,999,602.76, compared to CNY 29,542,320.44 in Q1 2021, indicating a significant improvement[30] Shareholder Information - Total number of common shareholders at the end of the reporting period is 7,126[13] - The largest shareholder, Taizhou Jack Trading Co., Ltd., holds 190,031,519 shares, accounting for 42.62% of total shares[13] - The company has a significant shareholder relationship with Lake Village Limited, which holds 83,157,500 shares, representing 18.65%[15] - The company has no pledged, marked, or frozen shares among its top shareholders[13] Research and Development - Research and development expenses increased by 41.80%, indicating a greater investment in innovation[10] - Research and development expenses increased to ¥94,454,770.76 in Q1 2022, up from ¥66,612,061.82 in Q1 2021, marking a significant rise of 41.8%[25] Operational Insights - The net profit increase was primarily driven by product price adjustments leading to improved gross margins[10] - The report indicates no significant changes in the company's operational strategies or new product developments during the reporting period[16]