Yongjin Technology (SH:603995)2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥8,261,506,502.67, representing a year-on-year increase of 31.86%[5] - The net profit attributable to shareholders was ¥130,865,080.88, reflecting a growth of 17.70% compared to the same period last year[5] - The company's diluted earnings per share for the period was ¥0.56, an increase of 16.67% year-on-year[5] - Net profit for Q1 2022 was ¥153,028,949.79, compared to ¥132,063,444.45 in Q1 2021, representing a 15.9% increase[30] - Basic and diluted earnings per share for the first quarter of 2022 were both CNY 0.56, up from CNY 0.48 in the first quarter of 2021, representing a growth of 16.67%[32] Cash Flow - The net cash flow from operating activities was -¥633,607,764.07, showing a significant increase in outflow of 408.18% year-on-year[5] - Cash inflow from operating activities for the first quarter of 2022 was CNY 8,850,306,767.36, compared to CNY 6,965,323,678.23 in the same period of 2021, indicating an increase of approximately 27%[32] - Cash outflow from operating activities totaled CNY 9,483,914,531.43 in the first quarter of 2022, compared to CNY 7,090,005,651.58 in the first quarter of 2021, marking an increase of about 33.7%[32] - Cash inflow from investment activities was CNY 630,505,643.79 in the first quarter of 2022, compared to CNY 13,958,458.35 in the same period of 2021, showing a significant increase[34] - Cash outflow from investment activities reached CNY 1,171,762,184.43 in the first quarter of 2022, compared to CNY 416,812,665.26 in the first quarter of 2021, indicating a rise of approximately 180%[34] - The net cash flow from investment activities was negative CNY 541,256,540.64 in the first quarter of 2022, compared to negative CNY 402,854,206.91 in the same period of 2021[34] - Cash inflow from financing activities totaled CNY 700,647,972.00 in the first quarter of 2022, compared to CNY 291,493,400.00 in the first quarter of 2021, reflecting an increase of approximately 140%[34] - The net cash flow from financing activities was CNY 414,562,960.75 in the first quarter of 2022, compared to CNY 146,975,849.23 in the same period of 2021, indicating a growth of about 182%[34] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥10,196,838,928.08, up 3.33% from the end of the previous year[8] - The total liabilities amounted to ¥4,517,462,894.59, which is a slight increase from the previous year's figures[22] - The company's total liabilities reached ¥5,668,756,816.36, up from ¥5,516,599,636.68 in the previous year[25] - The equity attributable to shareholders of the parent company increased to ¥3,874,569,605.66 from ¥3,742,388,219.74, marking a 3.5% growth[25] - Current assets totaled ¥4,517,462,894.59, compared to ¥4,433,298,784.83 in the previous year, indicating a year-over-year increase of about 1.90%[22] - The company's cash and cash equivalents decreased to ¥1,060,026,509.27 from ¥1,720,959,705.74, representing a decline of approximately 38.34%[19] - Inventory levels rose to ¥1,946,549,662.05, up from ¥1,582,440,305.27, marking an increase of around 23.06%[21] - Short-term borrowings increased significantly to ¥835,359,544.87 from ¥434,719,250.17, reflecting a growth of approximately 92.20%[22] - The company's long-term borrowings stood at ¥947,700,005.77, slightly up from ¥938,998,654.15 in the previous year[25] Research and Development - The company's R&D expenses increased by 149.80%, primarily due to higher investment in new product development[11] - Research and development expenses for Q1 2022 were ¥155,739,192.01, significantly higher than ¥62,346,745.97 in Q1 2021, indicating a focus on innovation[30] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 6,759[12] - The company has not disclosed any related party transactions among the top ten shareholders[22] Other Financial Metrics - The weighted average return on net assets decreased by 0.03 percentage points to 3.44%[5] - The company reported a decrease in other comprehensive income, with a net amount of -¥882,248.29 in Q1 2022 compared to ¥908,631.61 in Q1 2021[30] - The total comprehensive income attributable to minority shareholders for the first quarter of 2022 was CNY 21,884,245.85, compared to CNY 21,139,676.14 in the same period of 2021, reflecting an increase of approximately 3.5%[32]