JINHUIINC.(SH:603132)2024-04-22 07:51Financial Performance - The net profit for the first quarter of 2024 reached CNY 80,820,064.96, a significant increase of 96.5% compared to CNY 41,132,736.12 in the same period of 2023[13] - The company reported a basic earnings per share of CNY 0.08 for Q1 2024, doubling from CNY 0.04 in Q1 2023[13] - Net profit attributable to shareholders rose by 96.49% to ¥69,300,329.58 in Q1 2024 from ¥43,212,887.47 in Q1 2023[56] - The net profit attributable to shareholders for Q1 2024 was CNY 80,820,064.96, reflecting a significant increase of 96.49% year-over-year[67] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 80,414,955.37, up 94.93% from the previous year[67] - The basic earnings per share for Q1 2024 was CNY 0.08, marking a 100% increase compared to the same period last year[67] - The diluted earnings per share for Q1 2024 was also CNY 0.08, indicating a 100% increase year-over-year[67] Revenue and Sales - The sales volume of lead concentrate (including silver) in Q1 2024 was 5,236.43 tons, up 57.44% from 3,326.04 tons in Q1 2023[10] - Operating revenue for Q1 2024 was ¥298,951,718.52, a 45.73% increase from ¥205,134,196.19 in Q1 2023[56] - The total revenue from other income increased to CNY 1,038,274.11 in Q1 2024, compared to CNY 242,417.95 in Q1 2023[13] Production and Assets - The production of zinc concentrate in Q1 2024 was 14,011.79 tons, representing a 48.85% increase from 9,413.57 tons in Q1 2023[10] - Total current assets as of March 31, 2024, amounted to CNY 1,365,269,605.93, compared to CNY 772,957,189.81 at the end of December 2023, indicating a growth of 76.5%[11] - Total assets rose to ¥6,386,030,117.68, up from ¥5,656,545,213.43, indicating an increase of about 12.9%[17] - Total non-current assets amounted to ¥5,276,683,160.28, an increase from ¥5,054,199,459.60, reflecting a growth of about 4.4%[17] Cash Flow and Liabilities - Cash flow from operating activities generated ¥38,299,467.51, down from ¥145,465,399.39, a decrease of approximately 73.7%[32] - The total liabilities and shareholders' equity as of March 31, 2024, was CNY 6,398,680,862.24, up from CNY 5,638,672,455.35 at the end of December 2023[12] - The total liabilities increased to ¥3,132,804,340.30 from ¥2,454,600,453.91, representing a growth of about 27.6%[28] - The total liabilities amounted to CNY 3,107,463,886.30, an increase from CNY 2,447,279,311.63 in the previous year[64] Equity and Investments - The total equity attributable to shareholders of the parent company increased to CNY 3,265,876,521.94 as of March 31, 2024, from CNY 3,184,072,001.44 at the end of December 2023[12] - The total equity reached CNY 3,278,566,231.38, compared to CNY 3,209,265,901.80 in the previous year[64] - Long-term equity investments increased to ¥1,273,003,768.07 from ¥1,123,003,768.07, representing a growth of approximately 13.4%[17] Operating Costs and Expenses - The company's operating costs increased to ¥203,864,811.50 in Q1 2024, compared to ¥159,227,688.37 in Q1 2023[60] - The company incurred research and development expenses of ¥10,422,673.40 in Q1 2024, up from ¥5,553,470.11 in Q1 2023[60] Cash and Cash Equivalents - The company's cash and cash equivalents increased to CNY 1,264,113,055.87 from CNY 720,087,008.74, reflecting a growth of 75.5%[11] - The company reported cash and cash equivalents of ¥848,563,329.21, significantly up from ¥442,530,113.40, indicating an increase of approximately 91.7%[34] - Cash and cash equivalents at the end of the period totaled ¥793,297,129.21, an increase from ¥767,170,170.75 at the end of the previous year[46] - The cash and cash equivalents at the end of the period were CNY 1,208,846,855.87, up from CNY 777,512,642.79 in the previous year[63]