JINHUI(SH:603919)2024-04-19 11:17Financial Performance - The company's operating revenue for the first quarter of 2024 reached ¥1,075,552,902.20, representing a year-on-year increase of 20.41%[3] - The net profit attributable to shareholders of the listed company was ¥221,042,846.30, reflecting a growth of 21.58% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥221,944,522.03, an increase of 22.48% year-on-year[3] - Basic and diluted earnings per share were both ¥0.44, up 22.22% from the same quarter last year[3] - In Q1 2024, the company's net profit reached ¥219,329,897.68, an increase from ¥181,158,316.06 in Q1 2023, representing a growth of approximately 21.0%[47] - The operating profit for Q1 2024 was ¥265,443,672.50, compared to ¥220,986,136.73 in Q1 2023, indicating an increase of about 20.1%[47] - The total profit for Q1 2024 was ¥263,127,491.35, compared to ¥220,601,517.79 in Q1 2023, marking an increase of approximately 19.2%[47] Cash Flow and Assets - The net cash flow from operating activities amounted to ¥343,087,420.19, showing a significant increase of 46.60% compared to the previous year[3] - Cash and cash equivalents at the end of Q1 2024 were approximately ¥1.37 billion, up from ¥1.03 billion at the end of Q1 2023[33] - The total assets at the end of the reporting period were ¥4,662,090,134.68, which is a 5.90% increase from the end of the previous year[3] - The company's total current assets increased to approximately ¥3.02 billion as of March 31, 2024, compared to ¥2.74 billion at the end of 2023[44] - The company's inventory decreased to approximately ¥1.47 billion as of March 31, 2024, down from ¥1.62 billion at the end of 2023[44] - The total equity attributable to shareholders increased to approximately ¥3.55 billion as of March 31, 2024, compared to ¥3.33 billion at the end of 2023[45] Expenses and Losses - Research and development expenses decreased to ¥8,773,989.92 in Q1 2024 from ¥11,779,800.67 in Q1 2023, a reduction of approximately 25.5%[47] - The company's management expenses rose to ¥85,099,491.61 in Q1 2024, up from ¥64,538,727.03 in Q1 2023, reflecting an increase of about 32.0%[47] - The company reported a credit impairment loss of ¥6,913,387.14 in Q1 2024, compared to a loss of ¥674,167.52 in Q1 2023, indicating a significant increase in credit losses[47] Share Repurchase - The company has initiated a share repurchase plan with a budget of between ¥100 million and ¥200 million, with a maximum repurchase price of ¥28.00 per share[24] - As of the report date, the company has repurchased 403,700 shares, accounting for 0.0796% of the total share capital[24] Non-Recurring Gains and Losses - The company reported non-recurring gains and losses, including government subsidies amounting to ¥1,024,058.93, while other non-operating income and expenses totaled -¥2,130,623.04[19] - The company did not report any significant non-recurring gains or losses for the period[53] Audit Status - The financial report for Q1 2024 was not audited[51]