JHS(SH:603922)2018-04-27 16:00Financial Performance - Net profit attributable to shareholders was CNY 25,657,600.02, representing a decrease of 15.06% year-on-year[6]. - Operating revenue for the period was CNY 258,670,116.14, an increase of 3.87% compared to the same period last year[6]. - Basic earnings per share were CNY 0.20, down 35.48% from CNY 0.31 in the previous year[6]. - The company experienced a significant decline in net profit due to increased operational costs and market challenges[6]. - Net profit for Q1 2018 was RMB 25,657,600.02, a decrease of 15.4% from RMB 30,206,134.93 in Q1 2017[26]. - The net profit for Q1 2018 was CNY 26,082,290.96, a decrease of 23.1% compared to CNY 33,841,389.28 in the same period last year[28]. Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 72,366,472.34, a decline of 394.61% year-on-year[6]. - Operating cash flow net amount decreased significantly by 394.61% from CNY -14,630,902.47 to CNY -72,366,472.34, mainly due to increased cash payments for purchases and services[15]. - Cash and cash equivalents decreased by 39.10% from CNY 207,589,129.23 to CNY 126,422,041.92 due to settlement of loans and acceptances[13]. - Cash and cash equivalents decreased to RMB 123,203,305.78 from RMB 206,054,649.54 at the beginning of the year[24]. - Cash and cash equivalents at the end of the period totaled CNY 109,657,369.40, down from CNY 84,763,349.07 at the end of Q1 2017[30]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,678,533,085.03, a decrease of 2.17% compared to the end of the previous year[6]. - The total assets decreased from CNY 1,715,730,576.13 to CNY 1,678,533,085.03, reflecting a reduction in current assets[21]. - Total current assets as of March 31, 2018, were RMB 1,273,176,467.48, a decrease from RMB 1,335,869,263.99 at the beginning of the year[24]. - Total liabilities decreased from CNY 601,978,136.06 to CNY 539,123,044.94, indicating improved financial stability[22]. - Total liabilities as of March 31, 2018, were RMB 540,912,929.11, down from RMB 629,706,157.11 at the beginning of the year[24]. Shareholder Information - The total number of shareholders at the end of the reporting period was 18,027[10]. - The largest shareholder, Jinhong Group, held 62,130,029 shares, accounting for 48.54% of the total shares[12]. Operational Costs and Expenses - Total operating costs for Q1 2018 were RMB 238,922,846.89, up 9.1% from RMB 219,016,517.81 in Q1 2017[25]. - Total operating expenses increased to CNY 423,823,387.07, compared to CNY 269,564,693.11 in Q1 2017, reflecting a rise of 57.2%[29]. - Financial expenses decreased by 42.21% from CNY 5,980,884.52 to CNY 3,456,407.96, primarily due to reduced borrowing[15]. Investment Income - Revenue from investment increased by 33.63% from CNY 5,164,010.35 to CNY 6,900,631.59, driven by higher returns from financial products[15]. - The company reported an investment income of RMB 6,900,631.59, up from RMB 5,164,010.35 in the previous year[25]. - The company reported an increase in investment income to CNY 6,900,631.59, up from CNY 5,164,010.35 in the previous year[28]. Other Financial Metrics - The weighted average return on equity decreased by 3.51 percentage points to 2.28%[6]. - Non-recurring gains and losses totaled CNY 4,390,844.40 for the period[8]. - Other income surged by 1447.83% from CNY 101,531.39 to CNY 1,571,531.31, mainly due to increased government subsidies[15]. - Interest receivables increased by 211.94% from CNY 851,416.67 to CNY 2,655,916.67, primarily due to an increase in interest from financial products[13]. - Other non-current assets rose by 46.12% from CNY 24,159,790.87 to CNY 35,301,245.18, attributed to prepayments related to long-term assets[13]. - Accounts payable decreased by 38.44% from CNY 168,172,936.52 to CNY 103,534,777.46, mainly due to settlement of due payments[13].