JZNEE(SH:603507)2018-04-26 16:00Financial Performance - Operating revenue for the period was CNY 134,284,720.35, representing a decline of 12.06% year-on-year[6] - Net profit attributable to shareholders of the listed company was CNY 8,874,638.79, down 66.86% from the same period last year[6] - Basic earnings per share were CNY 0.07, a decrease of 75.00% compared to CNY 0.28 in the same period last year[6] - The company experienced a significant decline in net profit due to increased operational challenges and market conditions[6] - Total operating revenue for Q1 2018 was CNY 134,284,720.35, a decrease of 12.06% compared to CNY 152,694,871.76 in the same period last year[25] - Net profit for Q1 2018 was CNY 8,874,638.79, down 66.85% from CNY 26,780,184.02 in the previous year[26] - The company's operating revenue for Q1 2018 was ¥115,979,883.65, a decrease of 14.6% compared to ¥135,899,293.32 in the same period last year[29] - The net profit for Q1 2018 was ¥8,389,494.96, down 60.7% from ¥21,346,296.36 in Q1 2017[30] - The total comprehensive income for Q1 2018 was ¥8,389,494.96, significantly lower than ¥21,346,296.36 in Q1 2017[30] Cash Flow - The net cash flow from operating activities was CNY -36,083,319.79, a significant decrease of 2,809.72% compared to the previous year[6] - Cash flow from operating activities turned negative at CNY -36,083,319.79 compared to CNY 1,331,623.03 in the previous period, reflecting increased orders and raw material purchases[15] - The net cash flow from operating activities for Q1 2018 was -¥36,083,319.79, a decrease from ¥1,331,623.03 in the same period last year[34] - The company reported an investment cash inflow of ¥614,154,985.44 in Q1 2018, with a net cash flow from investment activities of ¥40,458,838.05[34] - The net cash flow from investment activities was 40,470,479.65 RMB, improving from -27,451,348.93 RMB in the previous period[38] - Cash inflow from financing activities was 161,800,785.50 RMB, an increase from 98,039,816.02 RMB in the previous period[38] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,909,305,835.60, a decrease of 1.03% compared to the end of the previous year[6] - Total assets decreased to CNY 1,909,305,835.60 from CNY 1,929,171,430.62, reflecting a decline in current assets[19] - Current liabilities decreased to CNY 479,514,800.17 from CNY 494,606,785.29, primarily due to a reduction in accounts payable[19] - Long-term payables decreased by 50.00% to CNY 3,648,248.69 from CNY 7,296,497.38, due to reduced financing leases[15] - Total liabilities decreased to CNY 464,801,283.19 from CNY 481,066,479.75 at the start of the year, reflecting a reduction of 3.00%[24] - Current assets totaled CNY 1,258,688,781.84, down from CNY 1,307,389,206.19 at the beginning of the year, indicating a decline of 3.93%[23] Shareholder Information - The total number of shareholders at the end of the reporting period was 19,571[10] - The largest shareholder, Hu Zhen, held 29.68% of the shares, with 14,965,000 shares pledged[10] Operational Costs - Total operating costs increased to CNY 129,889,977.53, up 6.00% from CNY 122,192,271.54 year-over-year[26] - The company incurred a total operating cost of ¥96,195,462.34 in Q1 2018, down from ¥98,855,043.55 in Q1 2017, reflecting a cost reduction strategy[29] Financial Investments - The company reported non-recurring gains of CNY 6,042,804.12 from financial investments[9] - The company reported a significant increase in interest receivables by 234.19% to CNY 6,042,804.12 from CNY 1,808,212.33, driven by higher bank investment returns[14] Inventory and Receivables - Accounts receivable increased by 66.21% to CNY 34,586,907.70 from CNY 20,809,166.00 due to increased customer payments[14] - Prepayments rose by 47.80% to CNY 73,263,572.43 from CNY 32,808,168.67, attributed to higher raw material purchases[14] - Inventory increased to CNY 222,624,821.45, up 9.00% from CNY 202,810,569.59 year-over-year[23] Financial Expenses - The company reported a financial expense of CNY 8,962,879.06, significantly higher than CNY 3,252,143.79 in the previous year, marking an increase of 176.25%[26] - The financial expenses for Q1 2018 were ¥4,545,189.50, significantly higher than ¥1,105,144.08 in the previous year, indicating increased borrowing costs[29]