Jiayu (SZ:300117)2022-04-28 16:00Financial Performance - The company's revenue for Q1 2022 was ¥354,719,667.08, representing a 3.50% increase compared to ¥342,717,122.42 in the same period last year[5] - Net profit attributable to shareholders was ¥78,845,028.75, a significant increase of 537.38% from a loss of ¥18,026,778.35 in the previous year[5] - Basic earnings per share improved to ¥0.110, compared to a loss of ¥0.030 per share in the previous year, reflecting a 466.67% increase[5] - Total operating revenue for Q1 2022 was CNY 354.72 million, an increase of 3.0% compared to CNY 342.72 million in Q1 2021[26] - Net profit for Q1 2022 was CNY 78.85 million, a significant recovery from a net loss of CNY 18.03 million in the same period last year[27] Cash Flow - The net cash flow from operating activities reached ¥22,663,090.00, marking a 302.83% increase from ¥5,625,905.37 in the same period last year[5] - The company's cash flow from operating activities was CNY 209.93 million, down from CNY 452.33 million in the previous year[30] - The total cash inflow from operating activities was CNY 239,671,432.60, while cash outflow was CNY 217,008,342.60, leading to a positive net cash flow[31] - Total cash inflow from financing activities was CNY 23,300,817.94, while cash outflow was CNY 46,084,492.24, resulting in a net cash flow of -CNY 22,783,674.30[32] - The cash and cash equivalents at the end of Q1 2022 amounted to CNY 76,645,080.76, down from CNY 168,411,614.15 at the end of Q1 2021[32] Assets and Liabilities - Total assets decreased by 1.40% to ¥4,439,303,465.46 from ¥4,502,265,170.67 at the end of the previous year[6] - Total liabilities decreased to CNY 4.26 billion from CNY 4.40 billion, a reduction of 3.2%[24] - The company's total current assets amounted to RMB 3.36 billion, a decrease from RMB 3.41 billion at the beginning of the year[22] - The company's total non-current liabilities were CNY 139.19 million, slightly down from CNY 141.05 million[24] Shareholder Information - The total number of common stock shareholders at the end of the reporting period was 36,071[14] - The largest shareholder, Jiayu New Investment (Group) Co., Ltd., holds 39.22% of the shares, with 261,024,996 shares pledged[14] - The company plans to reduce its shares by up to 57,340,800 shares (8.00% of total shares) within six months from January 5, 2022[17] Research and Development - Research and development expenses decreased by 33.81% to ¥3,774,054.38, as the company shifted focus towards the new energy sector[11] - Research and development expenses for Q1 2022 were CNY 3.77 million, down from CNY 5.70 million, indicating a decrease of 33.8%[26] New Energy Business - The revenue from the new energy business reached RMB 264.57 million, accounting for 74.58% of total operating revenue, marking a historical high for the business segment[19] - The company plans to continue investing in new energy production facilities, as indicated by a 394.90% increase in cash paid for fixed asset construction[12] Other Financial Information - The company reported non-recurring gains of ¥63,836,158.33, primarily from government subsidies and investment income[8] - The company signed a total contract for a 300MW photovoltaic project worth RMB 1.35 billion[18] - The company reported a cumulative litigation and arbitration amount of approximately RMB 149.96 million as of the disclosure date[17] - The company did not conduct an audit for the Q1 2022 report, indicating that the figures are unaudited[33] - The company experienced a negative impact of -CNY 549.06 from exchange rate fluctuations on cash and cash equivalents[32]