JHEC(SH:600273)2018-04-26 16:00Financial Performance - Operating revenue for the current period was CNY 1,370,469,301.74, an increase of 3.82% year-on-year [6]. - Net profit attributable to shareholders of the listed company reached CNY 294,292,814.60, reflecting a growth of 23.47% compared to the same period last year [6]. - Basic and diluted earnings per share were both CNY 0.20, representing an increase of 11.11% from CNY 0.18 in the previous year [6]. - The company reported a total asset value of CNY 8,601,204,504.71, down from CNY 8,642,081,293.21, a decrease of about 0.48% [21]. - Total operating revenue for Q1 2018 was CNY 1,370,469,301.74, an increase of 3.3% compared to CNY 1,320,019,544.92 in the same period last year [27]. - Net profit for Q1 2018 reached CNY 294,631,905.53, representing a 23.5% increase from CNY 238,644,624.11 in Q1 2017 [28]. - Earnings per share for Q1 2018 were CNY 0.20, compared to CNY 0.18 in the same quarter last year [29]. - Investment income for Q1 2018 was CNY 3,433,036.14, compared to a loss of CNY 2,123,394.37 in the same period last year [28]. Cash Flow - The net cash flow from operating activities improved significantly to CNY 32,845,350.34, a turnaround from a loss of CNY 228,794,326.58 in the previous year, marking an increase of 114.36% [6]. - Cash flow from operating activities was CNY 1,031,864,735.23, significantly higher than CNY 787,890,154.17 in Q1 2017 [33]. - Net cash flow from operating activities was CNY 1,136,896.81, a significant improvement compared to a net outflow of CNY -276,349,156.91 in the previous period [36]. - The ending cash and cash equivalents balance was CNY 798,915,723.07, a decrease from CNY 1,275,339,786.94 at the beginning of the period [37]. - The net increase in cash and cash equivalents was CNY -476,424,063.87, compared to a decrease of CNY -72,853,438.44 in the previous period [37]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,601,204,504.71, a decrease of 0.47% compared to the end of the previous year [6]. - Total current assets increased slightly to CNY 3,242,779,740.56 from CNY 3,221,848,569.20, reflecting a growth of approximately 0.65% [19]. - Total non-current assets decreased to CNY 5,358,424,764.15 from CNY 5,420,232,724.01, a decline of approximately 1.14% [20]. - Total liabilities decreased from CNY 2,160,044,891.12 to CNY 1,874,304,221.40, a reduction of about 13.3% [21]. - Short-term borrowings increased by 138.86% to RMB 331,456,564.76, attributed to the expiration of letters of credit [13]. - Accounts payable decreased from CNY 1,184,714,632.93 to CNY 981,268,125.59, a decline of approximately 17.2% [20]. Shareholder Information - The total number of shareholders at the end of the reporting period was 37,910 [10]. - Zhejiang Jiahua Group Co., Ltd. held 40.44% of the shares, with 600,389,604 shares pledged [10]. - The company completed a share buyback of 9,482,546 shares, accounting for 0.63% of the total share capital, with a total expenditure of RMB 85,258,688.26 [16]. Investments and Acquisitions - The company planned to acquire 100% equity of Zhejiang Meifu Petrochemical Co., Ltd., but later terminated the major asset restructuring plan [15]. - The company increased its investment in its subsidiary, Jiahua New Materials, by RMB 99,051,909, raising its ownership to 98.5935% [15]. - The company’s financial assets at fair value decreased to RMB 0 from RMB 420,000,000.00, indicating a shift in investment strategy [14]. Other Income and Expenses - The company recognized government subsidies amounting to CNY 505,855.59 during the reporting period [8]. - The total non-operating income amounted to CNY 4,326,048.41, primarily from supplier compensation and other sources [8]. - The company reported a financial expense of CNY -16,772,364.55, a significant improvement from CNY 6,581,113.15 in Q1 2017 [28]. - The company reported a 46.32% increase in selling expenses, rising to RMB 19,912,661.43 due to increased shipping costs [14].