JHCC(SZ:002484)2014-04-24 16:00Revenue and Profit - Revenue for Q1 2014 was CNY 255,571,893.18, an increase of 15.71% compared to CNY 220,877,375.77 in the same period last year[8] - Net profit attributable to shareholders was CNY 27,866,369.22, up 35.83% from CNY 20,515,971.87 year-on-year[8] - Basic earnings per share rose to CNY 0.134, reflecting a growth of 35.9% from CNY 0.0986[8] - The net profit for Q1 2014 reached CNY 29,330,743.08, representing a 36.1% increase from CNY 21,568,172.29 in the previous year[43] - The total profit for the first quarter was CNY 29,721,873.09, up from CNY 27,176,978.88, reflecting a growth of 9.4% year-over-year[46] - Operating profit increased to CNY 28,931,504.86, compared to CNY 26,387,283.77 in the previous year, marking a rise of 9.7%[46] Cash Flow - Net cash flow from operating activities reached CNY 59,772,914.23, a significant increase of 420.21% compared to CNY 11,490,222.36 in the previous year[8] - The net cash flow from operating activities rose by CNY 48,282,691.87, a significant increase of 420.21%, attributed to improved management of accounts receivable and increased export tax rebates[17] - Cash flow from operating activities generated a net amount of CNY 59,772,914.23, significantly higher than CNY 11,490,222.36 in the same quarter last year[49] - The company reported cash outflow from operating activities of CNY 208,200,823.74, compared to CNY 257,515,726.14 in the previous year[49] - The company incurred a net cash outflow from investing activities of CNY 29,363,848.43, compared to CNY 18,648,869.98 in the same period last year[49] - The net cash flow from investing activities decreased by CNY 10,714,978.45, a decline of 57.46%, due to increased cash investments in fixed assets[17] - The net cash flow from financing activities fell by CNY 72,997,629.01, a drop of 429.40%, primarily due to the repayment of bank loans by subsidiaries[17] - The net cash outflow from financing activities was CNY 55,997,629.01, a significant decrease from CNY 17,000,000.00 in the previous year[51] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,810,274,822.15, a slight decrease of 0.3% from CNY 1,815,739,341.37 at the end of the previous year[8] - The total assets as of the end of Q1 2014 were CNY 1,572,652,615.13, an increase from CNY 1,544,109,824.70 at the end of the previous year[36] - The total liabilities were CNY 132,464,443.04, slightly up from CNY 129,291,201.55 year-over-year[38] - The company's cash and cash equivalents at the end of the reporting period were CNY 516,803,349.82, down from CNY 543,245,783.41 at the beginning of the period[28] - The company's cash and cash equivalents were CNY 308,425,671.56, down from CNY 334,036,400.48 in the previous quarter[36] Shareholder Information - The number of shareholders at the end of the reporting period was 10,074[11] - The company’s net assets attributable to shareholders increased by 1.91% to CNY 1,487,402,392.68 from CNY 1,459,536,023.46[8] Investment and Expenses - The company’s investment income increased by 51.84% to CNY 1,159,406.18 compared to the same period last year[16] - The company reported an investment income of CNY 3,395,834.49, up from CNY 2,236,428.31 in the same period last year[41] - The company’s long-term expenses increased by 162.45% to CNY 246,649.93, primarily due to payments for supercapacitor technology consulting[15] Inventory and Accounts Receivable - Accounts receivable decreased from CNY 289,561,149.94 to CNY 273,412,946.54, indicating improved collection efforts[28] - Inventory increased from CNY 219,946,539.14 to CNY 240,017,055.62, reflecting potential growth in production or sales[28] - The inventory increased to CNY 154,296,492.45, compared to CNY 137,424,393.34 in the previous year, indicating a 12.2% rise[36] Future Outlook - For the first half of 2014, the net profit attributable to shareholders is expected to increase by 10% to 30%, translating to a range of CNY 6,637.15 million to CNY 7,843.9 million, compared to CNY 6,033.77 million in the same period of 2013[23] - The company anticipates continued strong market demand for industrial capacitors, with significant revenue growth expected for film capacitors and solid polymer capacitors in Q2 2014[23]