JINHUI(SH:603919)2022-04-25 16:00Financial Performance - The company's operating revenue for the first quarter reached ¥705,528,218.65, representing a year-on-year increase of 38.79%[4] - Net profit attributable to shareholders was ¥164,663,932.48, up 42.78% compared to the same period last year[4] - The net profit excluding non-recurring gains and losses was ¥163,006,057.73, reflecting a 41.86% increase year-on-year[4] - Basic earnings per share were ¥0.32, an increase of 39.13% from the previous year[4] - The weighted average return on equity rose to 5.37%, an increase of 1.29 percentage points[4] Assets and Equity - Total assets at the end of the reporting period were ¥4,009,305,166.38, a 6.25% increase from the end of the previous year[5] - Shareholders' equity attributable to shareholders was ¥3,146,021,772.88, up 5.52% from the previous year[5] - The total assets as of March 31, 2022, amounted to RMB 4,009,305,166.38, compared to RMB 3,773,309,110.56 at the end of 2021, reflecting a growth of 6.3%[10] - The total equity attributable to shareholders of the parent company reached RMB 3,146,021,772.88 as of March 31, 2022, compared to RMB 2,981,357,840.40 at the end of 2021, an increase of 5.5%[11] Cash Flow - The company reported a net cash flow from operating activities of ¥268,737,241.74, with significant growth in sales collections[4] - Cash flow from operating activities for Q1 2022 was RMB 268,737,241.74, a significant improvement from a negative cash flow of RMB -32,272,620.71 in Q1 2021[16] - The total cash and cash equivalents at the end of Q1 2022 amounted to $920,679,134.56, an increase from $495,221,896.91 in Q1 2021[17] - The net increase in cash and cash equivalents for Q1 2022 was $254,407,130.96, contrasting with a decrease of $64,346,633.01 in Q1 2021[17] - The beginning cash and cash equivalents balance for Q1 2022 was $666,272,003.60, up from $559,568,529.92 in Q1 2021[17] Sales and Revenue Sources - High-end product sales contributed ¥438 million to revenue, marking a 44.51% increase year-on-year[4] - The company received government subsidies amounting to ¥1,925,321.50, which are closely related to its normal business operations[5] Research and Development - Research and development expenses for Q1 2022 were RMB 8,167,819.67, compared to RMB 6,921,155.67 in Q1 2021, marking a 18.0% increase[13] Liabilities - The total liabilities increased to RMB 863,011,247.33 as of March 31, 2022, from RMB 791,625,170.10 at the end of 2021, representing a rise of 9.0%[11] Accounting Standards - The company did not apply the new accounting standards starting from 2022[17]