JHEC(SH:600273)2017-04-27 16:00Financial Performance - Operating revenue rose by 46.14% to CNY 1,320,019,544.92 year-on-year[6] - Net profit attributable to shareholders increased by 24.20% to CNY 233,137,036.68 compared to the same period last year[6] - Basic earnings per share improved by 28.57% to CNY 0.18 per share[6] - Operating profit for Q1 2017 reached CNY 282,612,822.99, compared to CNY 226,237,295.23 in Q1 2016, reflecting a growth of 24.9%[25] - Net profit for Q1 2017 reached CNY 390,796,195.41, up 129.0% from CNY 169,993,673.35 in Q1 2016[29] - Total comprehensive income for Q1 2017 was CNY 390,796,195.41, significantly higher than CNY 169,993,673.35 in Q1 2016[29] Assets and Liabilities - Total assets increased by 4.52% to CNY 7,115,721,216.24 compared to the end of the previous year[6] - Total assets as of March 31, 2017, amounted to CNY 6,678,743,745.96, an increase from CNY 6,318,221,679.86 at the beginning of the year[23] - Total liabilities as of March 31, 2017, were CNY 2,516,257,255.99, a decrease from CNY 2,546,969,386.17 at the start of the year[24] - Total equity increased to CNY 4,162,486,489.97 as of March 31, 2017, compared to CNY 3,771,252,293.69 at the beginning of the year[25] Cash Flow - Cash flow from operating activities showed a significant decline of 305.24%, resulting in a net cash outflow of CNY -228,794,326.58[6] - Cash flow from operating activities showed a significant decline, with a net outflow of CNY -228,794,326.58 compared to a net inflow of CNY 111,473,801.10 in the previous year, primarily due to reduced cash collection from sales[15] - Operating cash flow for Q1 2017 was negative CNY 228,794,326.58, a decline from positive CNY 111,473,801.10 in the same period last year[33] - Net cash flow from operating activities was negative CNY 276,349,156.91, a decline from a positive CNY 107,036,204.33 in the same period last year[36] - Cash inflow from financing activities was CNY 724,551,002.28, slightly up from CNY 703,026,742.17 in the prior period[36] Shareholder Information - The number of shareholders reached 40,095 at the end of the reporting period[10] - The largest shareholder, Zhejiang Jiahua Group Co., Ltd., holds 44.04% of the shares, with 575,244,992 shares pledged[10] Investment Activities - The company acquired 97.2715% of Zhejiang Jiahua New Materials Co., Ltd. for CNY 282,155,400, enhancing its market position[16] - The company reported a significant increase in investment income, amounting to CNY 174,916,605.63 in Q1 2017, compared to CNY 4,058,563.10 in the previous year[29] - The company reported a net loss in investment income of CNY -2,123,394.37, a decline of 269.39% compared to the previous year[15] Inventory and Receivables - Accounts receivable rose by 36.48% to CNY 526,037,264.64 from CNY 385,435,708.97, indicating a growth in sales revenue[14] - Inventory increased by 54.25% to CNY 514,857,669.18 from CNY 333,774,427.41, attributed to rising raw material prices and sales volume growth[14] - Accounts receivable increased to CNY 384,789,233.70 from CNY 305,537,582.88 year-on-year, indicating a growth of 25.9%[23] - Inventory rose to CNY 484,934,061.28, up from CNY 330,656,332.57, reflecting a growth of 46.6%[23] Financial Expenses - Financial expenses decreased by 51.26% to CNY 6,581,113.15 from CNY 13,502,858.59, mainly due to reduced exchange losses[15] Cash and Cash Equivalents - The company reported a significant decrease in cash and cash equivalents, down 41.63% to CNY 360,953,070.12 due to the maturity of letters of credit[13] - Cash and cash equivalents decreased to CNY 233,087,335.06 from CNY 365,375,242.33 at the beginning of the year[23] - Cash and cash equivalents at the end of Q1 2017 were CNY 287,095,688.24, compared to CNY 215,407,490.33 at the end of Q1 2016[34] - The ending cash and cash equivalents balance was CNY 153,494,453.18, compared to CNY 84,096,676.34 at the end of the previous period[36] - The net increase in cash and cash equivalents was negative CNY 72,853,438.44, compared to a negative CNY 137,326,219.52 in the previous year[36]