Jiaze Renewables(SH:601619)2018-04-27 16:00Financial Performance - Operating revenue for the current period was CNY 227,817,003.76, representing an increase of 27.63% year-on-year [7]. - Net profit attributable to shareholders of the listed company reached CNY 49,422,599.23, a significant increase of 71.02% compared to the same period last year [7]. - Basic and diluted earnings per share were both CNY 0.0256, reflecting a growth of 54.22% year-on-year [7]. - Total operating revenue for Q1 2018 was CNY 227,817,003.76, an increase of 27.6% compared to CNY 178,498,165.88 in the same period last year [24]. - Net profit for Q1 2018 reached CNY 49,422,411.73, representing a 71.1% increase from CNY 28,898,184.14 in Q1 2017 [24]. - Earnings per share for Q1 2018 were CNY 0.0256, compared to CNY 0.0166 in the same period last year, reflecting a growth of 54.2% [27]. - The net profit for Q1 2018 was CNY 25,975,590.43, a significant increase from CNY 8,139,341.07 in the same period last year, representing a growth of approximately 219% [29]. - Operating profit for the quarter reached CNY 28,660,033.07, compared to CNY 8,550,358.19 in Q1 2017, indicating an increase of about 235% [29]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,915,254,552.61, a decrease of 0.14% compared to the end of the previous year [7]. - The company's total assets as of March 31, 2018, were 8,915,254,552.61 RMB, slightly down from 8,928,076,542.59 RMB at the beginning of the year [19]. - Total liabilities decreased from 6,496,100,698.99 RMB to 6,433,856,297.28 RMB, indicating a reduction in financial obligations [19]. - Total liabilities as of the end of Q1 2018 were CNY 2,097,825,741.03, a slight decrease from CNY 2,112,408,725.04 at the beginning of the year [22]. - The company’s total non-current assets were reported at 7,412,627,528.29 RMB, down from 7,501,744,726.33 RMB [18]. - The company’s equity attributable to shareholders increased to 2,479,800,774.58 RMB from 2,430,378,175.35 RMB, showing growth in retained earnings [19]. Cash Flow - Cash flow from operating activities generated CNY 57,100,575.29, an increase of 1.76% compared to the previous year [7]. - The company reported a cash flow from financing activities of -136,504,006.88 RMB, a decrease of 42.72% compared to the previous period, primarily due to the repayment of bank loans [14]. - The company reported cash outflows from financing activities of CNY 160,504,006.88, which is an increase from CNY 95,647,930.32 in the prior year [32]. - The net cash flow from operating activities was $23,643,057.04, a significant increase from $12,978,627.43 in the previous year, reflecting a growth of approximately 82.6% [35]. - Cash outflow from investing activities totaled $6,772,170.66, compared to $11,422,665.90 in the prior year, indicating a reduction of about 40.4% [35]. - The net cash flow from investing activities was -$6,022,170.66, an improvement from -$11,422,665.90, showing a reduction in losses of approximately 47.4% [35]. - The total cash outflow for financing activities was $117,081,298.89, significantly higher than $48,203,241.89 in the previous year, indicating an increase of about 143.5% [35]. Shareholder Information - The total number of shareholders at the end of the reporting period was 70,322 [9]. - The company is undergoing a major asset restructuring, which has led to the suspension of its stock trading since October 31, 2017 [14]. - The company plans to issue shares and pay cash for asset purchases, as approved in the board meeting on March 28, 2018 [15]. Accounts Receivable and Cash Management - Accounts receivable increased by 53.24% to CNY 75,700,000.00, attributed to new project operations and increased bank acceptance bill settlements [13]. - The company experienced a 704.58% increase in income tax expenses, mainly due to the loss of certain tax incentives [13]. - The company reported a significant increase in accounts receivable, which rose to CNY 391,829,592.09 from CNY 312,320,889.59, marking a growth of 25.5% [21]. - The company’s cash and cash equivalents decreased to CNY 62,934,931.05 from CNY 162,395,343.56, a decline of 61.2% [21]. - The company reported a 35.13% decrease in cash and cash equivalents, primarily due to repayment of bank loans and interest [13]. - The company's cash and cash equivalents decreased to 225,212,390.88 RMB from 347,164,439.84 RMB, reflecting a significant cash outflow [17].