Jiayou International(SH:603871)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 650,279,845.71, representing an increase of 8.43% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was CNY 108,112,324.88, reflecting a growth of 28.59% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 105,382,042.53, up by 26.71% from the previous year[5]. - The basic earnings per share for the period was CNY 0.3411, an increase of 15.78% compared to the same period last year[5]. - The total revenue for the first quarter of 2022 was 132,137,209.63 CNY, an increase from 93,851,485.72 CNY in the same period of 2021, representing a growth of approximately 41%[32]. - The net profit for the first quarter of 2022 was 107,934,279.01 CNY, compared to 84,001,703.88 CNY in the first quarter of 2021, indicating an increase of about 28.4%[32]. - Basic earnings per share for the first quarter of 2022 were 0.3411 CNY, up from 0.2946 CNY in the first quarter of 2021, reflecting a growth of approximately 15.7%[34]. - The company reported a net profit margin improvement, with net profit for Q1 2022 expected to be higher than the previous year, although specific figures were not disclosed[28]. - The company’s operating profit for the first quarter of 2022 was 132,137,209.63 CNY, compared to 93,851,485.72 CNY in the first quarter of 2021, reflecting a growth of about 41%[32]. - The company’s total profit for the first quarter of 2022 was 131,426,659.50 CNY, an increase from 93,463,307.69 CNY in the same period of 2021, indicating a growth of approximately 40.5%[32]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,642,957,348.31, a 1.91% increase from the end of the previous year[7]. - The company's total assets increased to CNY 4,642,957,348.31 in Q1 2022 from CNY 4,556,148,250.28 in Q1 2021, representing a growth of 1.9%[28]. - Total liabilities decreased to CNY 1,610,372,419.00 in Q1 2022 from CNY 1,629,166,594.56 in Q1 2021, showing a decline of 1.2%[28]. - The equity attributable to shareholders of the listed company was CNY 2,962,575,195.37, which is a 3.70% increase compared to the end of the previous year[7]. - The company's equity attributable to shareholders rose to CNY 2,962,575,195.37 in Q1 2022, compared to CNY 2,856,793,875.91 in Q1 2021, an increase of 3.7%[28]. Cash Flow - The net cash flow from operating activities was negative CNY 88,016,107.36, a decrease of 8.27% year-on-year[5]. - The cash flow from operating activities for the first quarter of 2022 was -88,016,107.36 CNY, an improvement compared to -95,952,334.18 CNY in the same period of 2021[36]. - Cash flow from investment activities in the first quarter of 2022 resulted in a net outflow of -496,148,922.87 CNY, compared to -931,614,227.84 CNY in the first quarter of 2021, showing a reduction in outflow by approximately 46.8%[36]. - The company reported a decrease in cash and cash equivalents at the end of the first quarter of 2022, totaling 542,172,100.63 CNY, down from 563,208,217.57 CNY at the end of the first quarter of 2021[36]. - The cash and cash equivalents decreased from 1,168,655,052.25 RMB at the end of 2021 to 599,538,403.51 RMB by March 31, 2022[20]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 9,536[14]. - The largest shareholder, Chaoxinyi (Tianjin) Asset Management Partnership, holds 88,719,500 shares, accounting for 27.99% of the total shares[14]. - The second-largest shareholder, Han Jinghua, holds 47,575,512 shares, representing 15.01% of the total shares[14]. - The company’s major shareholders, including Han Jinghua and Chaoxinyi, are considered acting in concert[16]. - As of March 31, 2022, Zijin Mining Group holds a total of 67,275,024 shares, which is 21.22% of the total share capital[19]. Government Subsidies and Investments - The company recognized government subsidies amounting to CNY 1,703,066.68 during the reporting period[8]. - The company plans to use the surplus of 719.52 million RMB from the fundraising project to permanently supplement working capital[19]. - The company’s fundraising project, Ganjiayou Project, had a total planned investment of 50 million RMB, with 31.9468 million RMB already invested by March 30, 2022[19]. Accounts Receivable and Inventory - The company experienced a 31.76% increase in accounts receivable, attributed to increased business activities[10]. - Accounts receivable increased to CNY 216,027,526.40 in Q1 2022 from CNY 163,959,768.70 in Q1 2021, reflecting a growth of 31.7%[23]. - Inventory decreased to CNY 166,894,209.06 in Q1 2022 from CNY 191,107,670.79 in Q1 2021, indicating a decline of 12.6%[23]. Research and Development - Research and development expenses for Q1 2022 amounted to CNY 1,035,289.43, a decrease from CNY 1,303,756.44 in Q1 2021, indicating a reduction of 20.6%[28]. Future Outlook - Future outlook includes plans for market expansion and potential new product launches, although detailed projections were not provided in the report[28].