JSSMDL(SH:603530)2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥161,245,840.72, representing a year-on-year increase of 35.49%[5] - The net profit attributable to shareholders was ¥812,386.19, showing a significant decline of 91.44% compared to the same period last year[5] - The company's basic and diluted earnings per share were both ¥0.00, indicating no earnings for the period[5] - The net profit for the first quarter of 2022 was CNY 812,386.19, a significant decrease from CNY 9,494,170.25 in the first quarter of 2021, reflecting a decline of approximately 91.5%[34] - The total profit for the first quarter of 2022 was CNY 438,410.21, a sharp decline from CNY 11,588,916.51 in the first quarter of 2021, indicating a decrease of about 96.2%[32] - The company's operating profit decreased to ¥1,067,958.92 from ¥12,207,563.03, representing a decline of approximately 91.2% year-over-year[50] - Net profit for the period was ¥1,364,548.90, down from ¥10,014,136.77, indicating a decrease of about 86.3% compared to the previous year[50] - The total comprehensive income for the period was ¥1,364,548.90, down from ¥10,014,136.77, reflecting a decrease of approximately 86.3% year-over-year[52] Cash Flow - The net cash flow from operating activities was -¥66,135,038.68, an increase in outflow of 864.08% year-on-year[5] - The net cash flow from operating activities for the first quarter of 2022 was negative CNY 66,135,038.68, worsening from negative CNY 6,859,914.13 in the first quarter of 2021[38] - The company's cash and cash equivalents increased by 184,078,592.19 RMB, reaching a total of 500,625,474.81 RMB at the end of the period[40] - Cash and cash equivalents as of March 31, 2022, amounted to RMB 500,705,690.81, up from RMB 316,558,888.62 in the same period last year[22] - The company's net cash flow from financing activities was 49,258,666.67 RMB, compared to a negative cash flow of -270,666.64 RMB in the previous period[40] - Investment cash inflows totaled ¥569,475,656.90, significantly higher than ¥81,179,540.12, showing an increase of approximately 600.0% year-over-year[52] - The cash flow from investing activities was 203,260,593.44 RMB, a significant increase from 64,722,427.03 RMB in the previous period[40] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥2,001,359,822.31, a slight increase of 1.96% from the end of the previous year[7] - The total assets of the company reached RMB 2,001,359,822.31, compared to RMB 1,962,883,009.45 at the end of 2021[29] - The total liabilities of the company were RMB 415,686,633.92, compared to RMB 378,022,030.52 at the end of 2021[29] - The total liabilities increased to 415,363,145.65 RMB from 377,645,490.07 RMB in the previous period[46] - The total current assets reached 1,248,938,042.62 RMB, slightly up from 1,235,101,251.78 RMB in the previous year[44] - The company's total equity reached 1,591,577,335.70 RMB, slightly up from 1,590,212,786.80 RMB[46] Operating Costs and Expenses - The company experienced a 77.62% increase in operating costs, largely due to rising raw material prices[11] - Total operating costs for the first quarter of 2022 were CNY 162,930,972.20, up from CNY 109,877,344.72 in the previous year, indicating a rise of about 48.2%[32] - The company incurred research and development expenses of ¥9,718,805.22, up from ¥5,835,416.90, which is an increase of about 66.5%[50] - The financial expenses rose to ¥1,533,384.15 from ¥623,743.36, indicating an increase of approximately 145.0%[50] - The company reported a significant increase in financial expenses, which rose to CNY 1,533,484.80 in the first quarter of 2022 from CNY 625,253.93 in the previous year, reflecting an increase of approximately 144.5%[32] - The company reported a decrease in sales expenses to CNY 10,213,771.44 in the first quarter of 2022, down from CNY 15,380,810.41 in the previous year, which is a reduction of approximately 33.5%[32] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,435, with the largest shareholder holding 62.46% of the shares[15] - The company's equity attributable to shareholders was ¥1,585,673,188.39, reflecting a marginal increase of 0.05% compared to the previous year[7] Market and Product Development - The increase in operating revenue was primarily driven by higher sales of insulated products for power distribution and transmission[11] - The company maintained its established cooperation prices to enhance customer confidence in product replacement despite market challenges[19] - The company invested in marketing, R&D, manufacturing, and management to meet the growing market demand[19] - The company is focused on developing composite external insulation products to replace traditional materials, aiming for safer and more economical power grids[19] - Inventory as of March 31, 2022, was RMB 183,283,588.14, an increase from RMB 153,031,161.30 in the previous year[22] - The company reported a significant increase in accounts receivable, totaling RMB 352,215,610.93, compared to RMB 351,552,867.65 in the previous year[22]