JCET(SH:600584)2018-04-27 16:00Financial Performance - Operating revenue increased by 9.27% to CNY 5.49 billion year-on-year[6] - Net profit attributable to shareholders decreased by 86.29% to CNY 5.25 million compared to the same period last year[6] - Basic earnings per share decreased by 90.00% to CNY 0.004 compared to the previous year[6] - The company reported a net loss of CNY 34.35 million after deducting non-recurring gains and losses[6] - Net profit improved significantly to ¥9,575,145.22 compared to a loss of ¥104,649,461.07 in the previous year, driven by better operational performance[12] - Basic and diluted earnings per share dropped by 90.00% to ¥0.004 due to the impact of asset restructuring completed in 2017[13] - Total operating revenue for Q1 2018 was CNY 5,490,474,983.61, an increase of 9.25% compared to CNY 5,024,584,279.27 in the same period last year[28] - Net profit for Q1 2018 was CNY 9,575,145.22, a significant recovery from a net loss of CNY 104,649,461.07 in the previous year[29] - The basic earnings per share for Q1 2018 was CNY 0.004, down from CNY 0.04 in the same period last year[29] - The company reported an operating profit of CNY 10,996,880.02, a turnaround from an operating loss of CNY 130,732,645.17 in the previous year[28] Cash Flow and Investments - Cash flow from operating activities decreased by 48.53% to CNY 138.08 million year-on-year[6] - Cash flow from operating activities decreased by 48.53% to ¥138,083,388.76, mainly due to increased purchases and payroll expenses[13] - The company received tax refunds of ¥130,142,187.05, a 60.76% increase compared to the previous year, attributed to higher export tax rebates[13] - The cash inflow from operating activities for Q1 2018 was CNY 5,564,718,722.62, an increase of 3.4% compared to CNY 5,381,475,433.93 in the same period last year[33] - The net cash flow from operating activities was CNY 138,083,388.76, down 48.7% from CNY 268,301,121.97 in Q1 2017[34] - The cash outflow for investing activities totaled CNY 807,926,719.27, compared to CNY 589,763,129.53 in the previous year, indicating a significant increase in investment spending[34] - The net cash flow from investing activities was -CNY 754,548,982.32, worsening from -CNY 574,764,061.11 in the prior year[34] - Cash inflow from financing activities was CNY 2,460,517,425.06, up from CNY 2,307,824,562.56 in Q1 2017, reflecting increased borrowing[34] - The net cash flow from financing activities decreased to CNY 240,594,434.14 from CNY 297,518,960.89 year-over-year[34] Assets and Liabilities - Total assets decreased by 2.94% to CNY 29.80 billion compared to the end of the previous year[6] - Total current assets decreased from CNY 8,500,326,649.61 to CNY 7,863,825,123.31, a decline of approximately 7.5%[19] - Cash and cash equivalents decreased from CNY 2,147,761,175.64 to CNY 1,725,400,270.13, a reduction of about 19.6%[19] - Accounts receivable increased from CNY 2,841,233,347.40 to CNY 2,914,837,594.61, an increase of approximately 2.6%[19] - Inventory decreased from CNY 2,313,027,193.43 to CNY 2,203,909,271.87, a decline of about 4.7%[19] - Total liabilities decreased from CNY 21,120,975,295.40 to CNY 20,496,295,722.73, a reduction of approximately 2.9%[21] - Short-term borrowings increased from CNY 3,424,744,929.02 to CNY 3,714,304,645.25, an increase of about 8.4%[20] - Long-term borrowings increased from CNY 3,721,176,242.61 to CNY 3,836,774,975.92, an increase of approximately 3.1%[21] - Total assets decreased from CNY 30,698,704,663.05 to CNY 29,795,410,770.47, a decline of about 2.9%[21] - Non-current assets decreased from CNY 22,198,378,013.44 to CNY 21,931,585,647.16, a reduction of approximately 1.2%[21] - The company's equity attributable to shareholders decreased from CNY 9,445,070,366.79 to CNY 9,165,128,287.62, a decline of about 3.0%[21] Shareholder Information - The number of shareholders reached 87,342 at the end of the reporting period[9] - The top three shareholders are Chip Semiconductor (Shanghai) Co., Ltd., Jiangsu Xinchao Technology Group Co., Ltd., and National Integrated Circuit Industry Investment Fund Co., Ltd.[10] Other Financial Metrics - Non-recurring gains and losses totaled CNY 39.60 million for the reporting period[8] - The weighted average return on net assets decreased by 0.77 percentage points to 0.06%[6] - The company reported a significant decrease in other income, down 97.38% to ¥1,673,498.64, due to the absence of major acquisition project funds received in the previous year[12] - The company plans to issue A-shares as part of its capital raising strategy, approved by the China Securities Regulatory Commission[14] - The company has a profit compensation arrangement in place for the acquisition of minority interests in subsidiaries, with a target net profit of ¥101,000,000 for the years 2017-2019[15] - Employee compensation payments rose to CNY 912,200,115.73, an increase of 9.1% from CNY 836,485,502.86 in Q1 2017[33] - The company reported a significant increase in sales revenue from services, reaching CNY 5,416,180,516.25, compared to CNY 5,243,960,864.51 in the previous year[33] - Other comprehensive income after tax for Q1 2018 was CNY -285,289,465.13, compared to CNY -704,161.24 in the previous year, indicating a significant decline[29]