JCF(000420)2024-04-28 07:38Financial Performance - The company's operating revenue for Q1 2024 reached ¥917,186,291.94, an increase of 23.74% compared to ¥741,218,928.59 in the same period last year[5] - Net profit attributable to shareholders was ¥20,983,645.38, reflecting a significant increase of 73.74% from ¥12,077,686.08 year-on-year[5] - The net profit after deducting non-recurring gains and losses surged by 811.17% to ¥15,879,960.25, compared to ¥1,742,806.20 in the previous year[5] - Basic and diluted earnings per share both increased by 73.47% to ¥0.0085, compared to ¥0.0049 in the same quarter last year[5] - Total operating revenue for Q1 2024 reached ¥917,186,291.94, an increase of 23.8% compared to ¥741,218,928.59 in Q1 2023[16] - Net profit attributable to the parent company for Q1 2024 was ¥20,983,645.38, a significant increase from ¥12,077,686.08 in Q1 2023, representing a growth of 74.3%[18] Cash Flow - The net cash flow from operating activities improved by 38.90%, amounting to ¥56,686,918.09, up from ¥40,810,632.29 in Q1 2023[5] - The net cash flow from operating activities for Q1 2024 was CNY 56,686,918.09, an increase of 39% compared to CNY 40,810,632.29 in Q1 2023[21] - Total cash inflow from financing activities reached CNY 946,467,777.80, up from CNY 640,784,209.21 in the same period last year, representing a growth of 48%[21] - Cash outflow for financing activities totaled CNY 853,980,438.84, significantly higher than CNY 270,583,310.44 in Q1 2023[21] - The net increase in cash and cash equivalents for the quarter was CNY 66,947,808.34, compared to CNY 253,122,454.42 in Q1 2023[21] Assets and Liabilities - Total assets as of March 31, 2024, were ¥10,874,399,722.77, representing a 1.76% increase from ¥10,685,992,593.29 at the end of the previous year[5] - Total liabilities as of Q1 2024 were ¥6,490,675,158.86, slightly up from ¥6,323,251,674.76 in the previous year[17] - Non-current liabilities decreased to ¥1,298,911,980.88 from ¥1,530,179,890.83 year-on-year[17] - The company's total equity attributable to shareholders increased to ¥4,383,724,563.91 from ¥4,362,740,918.53 in the previous year[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 81,688[10] - The largest shareholder, Jilin Chemical Fiber Group, holds 12.94% of shares, amounting to 318,067,074 shares, with 158,000,000 shares pledged[10] Expenses - The company's sales expenses rose by 39.5% to ¥17,597,626.27, driven by the expansion of sales activities[8] - The company reported a financial expense of ¥65,585,956.08 in Q1 2024, compared to ¥63,945,871.63 in Q1 2023[17] Inventory and Receivables - Accounts receivable rose to 875,864,088.10 RMB from 825,690,152.71 RMB, indicating an increase of approximately 6.03%[14] - Inventory increased to 775,812,653.66 RMB from 675,245,417.83 RMB, representing a growth of around 14.87%[14] - The company's accounts receivable financing decreased by 44.77% to ¥42,553,900.60, primarily due to a reduction in inventory notes[8] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[11] - The company has not reported any new product launches or significant market expansion strategies in this quarter[19]