JLSG(SH:600189)2018-04-27 16:00Financial Performance - Operating revenue surged by 89.00% to CNY 198,891,467.19 compared to the same period last year[5] - Net profit attributable to shareholders reached CNY 18,581,991.17, a significant increase of 125.60% from a loss of CNY 72,590,927.74 in the previous year[5] - Basic earnings per share improved by 120.00% to CNY 0.04 from a loss of CNY 0.20 per share[5] - The weighted average return on equity increased by 115.68 percentage points to 0.74%[5] - The operating profit for Q1 2018 was RMB 24.88 million, a significant turnaround from a loss of RMB 71.74 million in the same period last year[14] - Net profit for Q1 2018 reached CNY 21.56 million, compared to a net loss of CNY 71.90 million in the previous year[29] - The profit attributable to shareholders of the parent company was CNY 18.58 million, recovering from a loss of CNY 72.59 million in the same quarter last year[30] - The total comprehensive income for Q1 2018 was CNY 21.56 million, a recovery from a comprehensive loss of CNY 71.90 million in the same period last year[30] Assets and Liabilities - Total assets increased by 5.20% to CNY 6,442,418,860.64 compared to the end of the previous year[5] - The company's total current assets as of March 31, 2018, were ¥2,714,121,881.45, an increase from ¥2,364,954,134.15 at the beginning of the year[20] - The company's cash and cash equivalents decreased by 42.82% to RMB 92.79 million from RMB 625.13 million at the beginning of the year[13] - The company's inventory decreased to ¥874,672,942.78 from ¥952,477,912.85 at the beginning of the year[20] - Current liabilities decreased slightly to ¥2,637,018,346.97 from ¥2,648,825,218.67, a reduction of about 0.4%[22] - Non-current liabilities decreased to ¥756,752,862.11 from ¥863,919,355.13, a decline of approximately 12.4%[23] - The total liabilities decreased to ¥3,393,771,209.08 from ¥3,512,744,573.80, a reduction of approximately 3.4%[23] Shareholder Information - The company had a total of 26,309 shareholders at the end of the reporting period[8] - The largest shareholder, China Jilin Forest Industry Group, holds 39.18% of the shares, with 216,041,601 shares pledged[8] - As of the report date, the controlling shareholder, Sen Gong Group, held 216,041,601 shares, accounting for 39.18% of the total share capital[11] Cash Flow and Financing - Net cash flow from operating activities improved by 19.57% to -CNY 89,876,437.24 compared to the previous year[5] - Cash flow from operating activities showed a net outflow of CNY 89.88 million, an improvement from a net outflow of CNY 111.75 million in the same period last year[35] - Total cash inflow from financing activities reached 661,303,000.00 RMB, compared to 546,750,000.00 RMB in the prior period, marking a 20.9% increase[39] - The company raised a total of ¥422,280,000.00 through a private placement, with a net amount of ¥415,710,000.00 after expenses[16] - The company received 415,780,000.00 RMB from investment absorption, indicating strong investor confidence[39] Government Subsidies and Non-Recurring Gains - The report period's non-recurring gains included government subsidies amounting to CNY 80,420,016.53[6] - The company received government subsidies amounting to RMB 3.39 million, contributing to the increase in non-operating income[14] - The company received debt interest subsidies amounting to ¥71,910,000.00 during the reporting period[17] Operational Efficiency - The company is focusing on improving operational efficiency and reducing costs to enhance profitability in future quarters[29] - The company reported a significant reduction in financial expenses, with a net financial cost of CNY -46.98 million compared to CNY 31.66 million in the previous year[29]