JAHB(SH:603822)2017-04-25 16:00Financial Performance - Operating revenue surged by 93.04% to CNY 183,161,516.20 year-on-year[6] - Net profit attributable to shareholders of the listed company rose by 40.73% to CNY 4,305,788.12[6] - Basic earnings per share decreased by 32.85% to CNY 0.0599[6] - The company's total assets as of March 31, 2017, amounted to CNY 1,033,994,389.31, compared to CNY 986,398,786.42 at the beginning of the year, indicating a growth of 4.8%[25] - The net profit for Q1 2017 was CNY 8,084,978.57, an increase of 35.1% compared to CNY 5,983,318.62 in the same period last year[29] - The company reported a total profit of CNY 9,511,739.50, compared to CNY 7,018,753.76 in Q1 2016, reflecting a growth of 35.5%[29] Assets and Liabilities - Total assets increased by 12.20% to CNY 1,122,241,904.58 compared to the end of the previous year[6] - The company's total liabilities rose to CNY 484,184,109.13 from CNY 351,053,587.81, with a notable increase in accounts payable by 67.69% to CNY 22,488,827.49[20] - The company's long-term equity investments increased significantly to CNY 289,350,000.00 from CNY 89,350,000.00, indicating a growth of 224.5%[24] Cash Flow - Cash flow from operating activities improved significantly, with a reduction in losses by 74.53% to CNY -10,421,586.84[6] - The net cash flow from operating activities improved by 74.53%, reaching CNY -10,421,586.84, compared to CNY -40,916,634.40 in the previous period[15] - Cash and cash equivalents at the end of the period totaled CNY 106,573,495.01, compared to CNY 54,274,345.09 at the end of Q1 2016[33] - The cash flow from financing activities decreased by 55.17% to CNY 5,009,703.03, primarily due to cash dividend payments[15] Operational Changes - Accounts receivable increased by 72.16% to CNY 77,498,490.24, attributed to increased sales and acquisition of Dongjiang Energy[12] - Inventory grew by 41.45% to CNY 224,470,795.34 due to expanded operations and the acquisition of 100% equity in Dongjiang Energy[12] - Goodwill increased by 444.84% to CNY 78,893,644.57, primarily due to the premium acquisition of Dongjiang Energy[12] - The company completed the acquisition of Dongjiang Energy, which contributed CNY 53.44 million in revenue but incurred a net loss of CNY 1.0563 million due to significant receivables and asset impairment losses[15][16] - The management expenses surged by 135.00% to CNY 13,397,938.53, mainly due to increased R&D and depreciation costs[14] - The company is focusing on improving the operational efficiency of its subsidiaries, Dongjiang Energy and Guangdong Ruotian, which are under performance commitments[16] Revenue and Costs - The operating costs increased by 101.73% to CNY 157,376,716.52, primarily due to increased sales volume and costs associated with the acquisition of Dongjiang Energy[14] - Total operating costs for Q1 2017 were CNY 184,397,055.96, up from CNY 91,519,442.12, reflecting a significant increase in costs[26] - Total operating expenses increased to CNY 182,182,058.14, up from CNY 103,675,107.05 in Q1 2016[32] Shareholder Information - The number of shareholders reached 8,388, with the top ten shareholders holding a combined 70.73% of shares[8] - Non-recurring gains and losses totaled CNY 88,375.11 for the reporting period[8]