ZJJH(SH:600160)2018-04-26 16:00Financial Performance - Net profit attributable to shareholders increased by 132.12% to CNY 427,159,663.79 year-on-year[5] - Operating revenue rose by 36.62% to CNY 3,991,085,428.77 compared to the same period last year[5] - Basic earnings per share increased by 132.18% to CNY 0.202 compared to the same period last year[5] - The weighted average return on equity improved by 2.12 percentage points to 3.87%[5] - The company reported non-recurring gains of CNY 3,653,202.34 during the reporting period[7] - The company anticipates significant growth in cumulative net profit compared to the same period last year, driven by high product prices due to supply-side reforms[15] - Net profit for Q1 2018 was ¥430,225,225.97, representing a 134.8% increase compared to ¥183,503,425.09 in Q1 2017[28] - Earnings per share for Q1 2018 were ¥0.202, compared to ¥0.087 in the same quarter last year, marking a 132.2% increase[29] Assets and Liabilities - Total assets increased by 8.68% to CNY 14,072,444,918.80 compared to the end of the previous year[5] - Total current assets increased to ¥7,191,456,026.16 from ¥6,090,832,318.56, representing a growth of approximately 18.1%[18] - Total liabilities increased to ¥2,749,782,386.56 from ¥2,066,814,941.36, reflecting a rise of about 32.9%[20] - Total non-current assets amounted to ¥6,880,988,892.64, slightly up from ¥6,857,923,429.85, a marginal increase of about 0.3%[19] - The company's retained earnings increased to ¥3,219,603,138.99 from ¥2,792,443,475.20, reflecting a growth of about 15.3%[20] - The total equity attributable to shareholders increased to ¥11,263,612,879.52 from ¥10,824,704,738.70, representing a growth of approximately 4.1%[20] Cash Flow - Net cash flow from operating activities surged by 570.64% to CNY 696,607,153.91 year-on-year[5] - Operating cash inflow from sales of goods and services increased to ¥4,514,633,551.89 from ¥3,135,496,526.83, representing a growth of approximately 43.9% year-over-year[33] - Cash inflow from financing activities totaled ¥222,882,582.81, up from ¥70,633,019.38, showing an increase of approximately 215.5% year-over-year[35] - The net cash flow from financing activities improved to ¥76,986,953.63 from -¥220,561,987.61, indicating a positive turnaround in financing[35] - The cash flow from operating activities showed a strong performance, with a net increase of ¥561,383,019.30 compared to a net outflow of -¥53,720,231.18 in the previous period, indicating a substantial recovery[37] Shareholder Information - The total number of shareholders reached 75,623 by the end of the reporting period[8] - The largest shareholder, Juhua Group Co., Ltd., holds 38.65% of the shares[9] Operational Changes - Accounts receivable increased by 49.69% to CNY 712,253,316.75, primarily due to increased operating income and exports[11] - Prepaid accounts increased by 123.46% to CNY 193,462,808.65, attributed to higher prepayments for raw material purchases[11] - Short-term borrowings rose by 34.49% to CNY 347,362,739.53, indicating an increase in borrowing during the period[11] - Financial expenses surged by 1604.80% to CNY 23,329,742.14, mainly due to increased exchange losses and additional loans[12] - The company has not disclosed any new product developments or market expansion strategies in this report[6] Taxation - The company reported a 40.26% increase in taxes payable, amounting to CNY 341,180,161.84, primarily due to increased value-added tax[11]