JHEC(SH:600273)2015-04-29 16:00Financial Performance - Operating revenue decreased by 10.72% to CNY 735,458,218.75 year-on-year[7] - Net profit attributable to shareholders decreased by 23.86% to CNY 115,479,878.51 compared to the same period last year[7] - Basic earnings per share decreased by 43.75% to CNY 0.09[7] - The company reported a net profit of CNY 197,808,427.05 for Q1 2015, compared to CNY 82,715,491.40 in the previous year[26] - The net profit for Q1 2015 was CNY 115,092,935.65, compared to a net loss of CNY 8,356,809.92 in the previous year, indicating a turnaround in profitability[30] - The operating profit for the current period was CNY 135,227,232.15, a substantial improvement from a loss of CNY 8,359,678.79 in the prior year[30] - The total comprehensive income for Q1 2015 was CNY 105,534,396.97, recovering from a loss of CNY 8,356,809.92 in the previous year[31] Cash Flow - Cash flow from operating activities decreased significantly by 98.12% to CNY 3,241,450.10[7] - The cash inflow from operating activities was CNY 435,118,996.26, a decrease from CNY 504,123,028.21 in the previous year[32] - The net cash flow from operating activities was 3,241,450.10 RMB, a significant decrease from 172,237,044.88 RMB in the previous period[33] - The total cash outflow for operating activities was 431,877,546.16 RMB, compared to 331,885,983.33 RMB in the prior period[33] - Cash inflow from financing activities totaled 952,787,601.71 RMB, compared to 103,896,274.17 RMB in the prior period, indicating a substantial increase[34] - The company reported a total cash outflow from financing activities of 1,214,012,761.81 RMB, compared to 303,269,970.46 RMB in the prior period[34] Assets and Liabilities - Total assets increased by 2.04% to CNY 5,110,178,628.61 compared to the end of the previous year[7] - Total liabilities for long-term borrowings rose by 285.71% to CNY 270,000,000.00, reflecting new long-term loans[16] - Total current assets amounted to CNY 1,822,573,242.71, an increase from CNY 1,727,632,120.36 at the beginning of the year[20] - The total non-current assets as of March 31, 2015, were valued at CNY 3,128,040,535.94, compared to CNY 3,080,798,658.29 at the beginning of the year[20] - Total liabilities were CNY 2,075,142,889.28, a slight decrease from CNY 2,105,360,353.15 at the beginning of the year[26] Shareholder Information - The total number of shareholders reached 31,320 at the end of the reporting period[12] - Zhejiang Jiahua Group Co., Ltd. holds 43.58% of the shares, making it the largest shareholder[12] Other Financial Metrics - The weighted average return on net assets decreased by 3.91 percentage points to 3.95%[7] - Non-recurring gains and losses totaled CNY 14,843,893.14 for the reporting period[11] - The company incurred a tax expense of CNY 20,310,518.06 for the current quarter[30] - The company recorded an investment income of CNY 16,932,082.19 during the quarter, contributing positively to overall profitability[30] Future Projections and Commitments - The net profit forecast for 2014, 2015, and 2016 is projected to be CNY 527.87 million, CNY 593.72 million, and CNY 687.72 million respectively[18] - The company has committed to ensuring that the actual net profit of the acquired assets during the performance compensation period will not be less than the forecasted net profit[18] - The company is undergoing a significant asset restructuring, which includes a performance compensation agreement tied to the profitability of the acquired assets[18] - The company has a performance compensation obligation that will be fulfilled within a specified period, with a maximum duration of 36 months[18] - The company is actively monitoring its financial performance to avoid significant losses compared to the previous year[18]