Jilin OLED(SH:688378)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 205,388,310.64, representing a year-on-year increase of 58.75%[5] - The net profit attributable to shareholders was CNY 86,095,144.90, reflecting a growth of 65.23% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 81,823,305.34, with a significant increase of 93.04% year-on-year[5] - Basic earnings per share for the period were CNY 1.1772, up by 65.22% from the previous year[6] - Total revenue for Q1 2022 reached ¥205,388,310.64, a significant increase from ¥129,375,153.61 in Q1 2021, representing a growth of approximately 58.7%[20] - Operating profit for Q1 2022 was ¥97,962,415.12, compared to ¥59,869,149.73 in Q1 2021, indicating an increase of about 63.5%[21] - Net profit for Q1 2022 amounted to ¥86,000,247.58, up from ¥52,106,890.18 in Q1 2021, reflecting a growth of approximately 64.9%[21] - Basic and diluted earnings per share for Q1 2022 were both ¥1.1772, compared to ¥0.7125 in Q1 2021, marking an increase of about 65.3%[22] - The company reported a total comprehensive income of ¥86,355,833.97 for Q1 2022, compared to ¥52,106,890.18 in Q1 2021, an increase of about 65.5%[21] Research and Development - The total R&D investment amounted to CNY 29,278,605.83, which is an increase of 68.87% year-on-year, accounting for 14.26% of operating revenue[6][11] - Research and development expenses for Q1 2022 were ¥17,423,170.05, compared to ¥11,200,063.09 in Q1 2021, indicating an increase of approximately 55.7%[20] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 2,145,515,791.60, a decrease of 1.97% from the end of the previous year[6] - As of March 31, 2022, the company's total assets amounted to CNY 2,145,515,791.60, a decrease from CNY 2,188,640,249.02 as of December 31, 2021[17] - The company's current assets totaled CNY 1,254,683,324.69, down from CNY 1,344,449,450.19 in the previous period[18] - Total liabilities decreased from ¥533,139,673.57 in the previous year to ¥401,166,732.04 in Q1 2022, a reduction of approximately 25%[20] - The total liabilities and equity structure remains stable, with a focus on maintaining liquidity and managing debt levels[16] Cash Flow - The net cash flow from operating activities was CNY 2,658,316.76, with no applicable year-on-year comparison[5][11] - Cash inflow from operating activities in Q1 2022 was $96,878,546.92, a significant increase from $22,998,534.18 in Q1 2021, representing a growth of approximately 321%[23] - Net cash flow from operating activities turned positive at $2,658,316.76 in Q1 2022, compared to a negative cash flow of -$68,351,254.98 in Q1 2021[23] - Cash inflow from investment activities in Q1 2022 was $232,799,824.56, down from $574,935,658.56 in Q1 2021, indicating a decrease of about 60.5%[24] - Net cash flow from investment activities improved to $82,810,352.78 in Q1 2022, compared to a negative cash flow of -$22,271,525.05 in Q1 2021[24] - The net increase in cash and cash equivalents for Q1 2022 was $85,293,268.94, contrasting with a decrease of -$90,622,780.03 in Q1 2021[24] - The ending balance of cash and cash equivalents as of Q1 2022 was $808,393,924.96, compared to $230,575,524.38 at the end of Q1 2021[24] Operational Efficiency - The company experienced a significant increase in sales revenue from organic light-emitting materials and evaporation source equipment, driving overall revenue growth[10] - The company is actively monitoring market conditions and adjusting strategies to enhance operational efficiency and growth potential[16]