JiHuaGroup(SH:603980)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥609,772,263.66, representing a decrease of 9.27% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was -¥2,089,287.58, a decline of 101.83% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥20,000,353.40, down 162.45% from the previous year[5]. - In Q1 2022, the company reported a net profit of -3,324,418.63 RMB, a significant decrease compared to a net profit of 113,557,044.63 RMB in Q1 2021, representing a decline of approximately 102.9%[22]. - The total operating revenue for Q1 2022 was 193,246,761.65 RMB, down from 528,469,880.85 RMB in Q1 2021, indicating a decrease of about 63.5%[25]. - The company reported a net profit margin decline due to increased operating costs, impacting overall profitability[20]. - The basic and diluted earnings per share for Q1 2022 were both -0.0030 RMB, compared to 0.16 RMB in Q1 2021, marking a decline of 101.9%[22]. - The total comprehensive income for Q1 2022 was -3,324,418.63 RMB, compared to 113,557,044.63 RMB in Q1 2021, a decrease of approximately 102.9%[22]. Cash Flow and Assets - The net cash flow from operating activities was -¥21,338,220.06, an increase of 59.45% compared to the same period last year[5]. - The company's operating cash flow for Q1 2022 was -21,338,220.06 RMB, compared to -52,626,638.35 RMB in Q1 2021, showing an improvement of approximately 59.5%[25]. - Investment activities generated a net cash flow of 137,678,240.04 RMB in Q1 2022, slightly down from 140,952,310.90 RMB in Q1 2021, a decrease of about 2.0%[25]. - The company's cash and cash equivalents were CNY 677,954,137.28 as of March 31, 2022, up from CNY 574,210,477.12 at the end of 2021, reflecting a growth of 17.9%[16]. - The company’s cash and cash equivalents at the end of Q1 2022 stood at 659,754,137.28 RMB, compared to 736,104,154.64 RMB at the end of Q1 2021, reflecting a decrease of approximately 10.4%[26]. - Current assets totaled CNY 3,735,028,775.11 as of March 31, 2022, compared to CNY 3,582,652,934.53 at the end of 2021, indicating an increase of 4.25%[16]. - Total assets at the end of the reporting period were ¥5,563,350,204.63, an increase of 3.00% from the end of the previous year[6]. - Total assets reached CNY 5,563,350,204.63 as of March 31, 2022, up from CNY 5,401,098,288.92 at the end of 2021, marking a growth of 3%[18]. - Total liabilities amounted to CNY 1,048,695,402.58 as of March 31, 2022, compared to CNY 883,119,068.24 at the end of 2021, an increase of 18.8%[18]. Operating Costs and Expenses - Total operating costs increased to CNY 618,845,262.44 in Q1 2022, up from CNY 596,465,092.24 in Q1 2021, representing an increase of 3.3%[20]. - Operating costs included CNY 553,376,157.63 in cost of goods sold for Q1 2022, compared to CNY 516,497,502.74 in Q1 2021, reflecting a rise of 7.13%[20]. - The company reported a significant increase in financial expenses by 114.58%, attributed to a decrease in investment income[10]. - Research and development expenses for Q1 2022 were 15,771,862.35 RMB, down from 19,146,792.67 RMB in Q1 2021, a reduction of about 17.8%[24]. - The company incurred financial expenses of 974,285.07 RMB in Q1 2022, contrasting with a financial income of -6,682,046.62 RMB in Q1 2021, indicating a shift in financial performance[24]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 28,741[12]. - Accounts receivable increased by 73.74%, primarily due to changes in collection policies[9]. - Contract liabilities rose by 67.42%, mainly due to an increase in advance payments received[9]. - Inventory stood at CNY 701,571,206.12 as of March 31, 2022, slightly down from CNY 702,800,056.40 at the end of 2021[16]. Future Outlook - Future outlook includes potential strategies for market expansion and new product development to enhance revenue streams[20].