Jiayu (SZ:300117)2017-10-25 16:00Financial Performance - Operating revenue for the period was ¥761,038,646.83, representing a year-on-year growth of 61.02%[7] - Net profit attributable to shareholders was ¥52,402,114.85, a significant increase of 162.43% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥40,001,608.39, up 802.64% year-on-year[7] - Basic earnings per share for the period was ¥0.07, reflecting a growth of 133.33% compared to the previous year[7] - The company reported a net profit attributable to shareholders of ¥73,014,821.03, up 47.91% from ¥49,364,447.16, indicating improved profitability[19] - The net profit for the period was CNY 55,619,297.90, compared to CNY 19,966,189.56 in the previous year, representing a growth of 178.3%[38] - The net profit attributable to the parent company was CNY 52,402,114.85, significantly higher than CNY 19,968,354.60 from the same period last year, marking a 162.5% increase[38] - The company's net profit attributable to shareholders increased to approximately 561.24 million yuan from 495.39 million yuan, showing a growth of about 13.3%[31] Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,514,472,877.20, an increase of 21.50% compared to the previous year[7] - The total assets of the company reached 5.51 billion yuan at the end of the reporting period, an increase from 4.54 billion yuan at the beginning of the period[31] - The company's total liabilities amounted to approximately 3.99 billion yuan, compared to 3.12 billion yuan at the beginning of the period, marking an increase of about 27.8%[29] - The total liabilities rose to CNY 2,637,846,412.64, up from CNY 2,284,187,656.14, which is an increase of 15.5%[34] - The total liabilities increased significantly, with other payables rising by 263.51% to ¥430,829,446.03, mainly due to increased transactions with major shareholders[18] Cash Flow - The company reported a net cash flow from operating activities of -¥294,351,173.85, improving by 181.13% year-to-date[7] - Cash flow from operating activities showed a net outflow of ¥294,351,173.85, worsening by 181.13% compared to the previous year, driven by increased operational expenditures[19] - Cash and cash equivalents at the end of the period were CNY 193,277,934.60, down from CNY 394,369,632.87 at the end of the previous year[54] - The company reported a cash inflow from financing activities of CNY 212,226,632.77, an increase from CNY 92,920,179.28 in the previous year[54] - The cash outflow for operating activities totaled CNY 2,665,563,116.65, compared to CNY 1,779,563,694.69 in the same period last year[53] Shareholder Information - The total number of shareholders at the end of the reporting period was 43,646[11] - The largest shareholder, Jiayu New Investment (Group) Co., Ltd., held 39.66% of the shares, totaling 284,297,706 shares[11] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[12] Operational Highlights - The company's revenue for the reporting period reached ¥1,938,800,770.66, an increase of 49.59% compared to ¥1,296,089,195.71 in the same period last year, primarily driven by the growth in the photovoltaic business[19] - The company expects continued growth in the photovoltaic sector, which is anticipated to drive future revenue increases[19] - The company achieved a contract amount of 1.34 billion yuan in the photovoltaic EPC business by the end of the reporting period[20] - The company plans to build a 1GW photovoltaic module production line in Peixian and Suixi, with the Peixian project expected to commence production in January 2018[20] Cost and Expenses - Operating costs amounted to ¥1,604,103,404.51, reflecting a 45.05% increase from ¥1,105,928,888.37, mainly due to the corresponding costs associated with the photovoltaic business[19] - The company's financial expenses rose by 54.32% to ¥71,698,254.44, attributed to increased borrowings and changes in interest collection methods[19] - Total operating costs amounted to CNY 708,067,860.48, up from CNY 467,652,153.84, reflecting a year-over-year increase of 51.4%[37] - Financial expenses decreased to $8.70 million, a reduction of 38.9% compared to $14.27 million in the previous period[41] - Sales expenses increased to $6.39 million, up 83.5% from $3.48 million in the previous period[41] - Management expenses rose to $9.17 million, an increase of 30% from $7.07 million in the previous period[41] Inventory and Receivables - Accounts receivable increased by ¥312,905,262.63, or 45.50%, reaching ¥1,000,620,245.13, due to the growing volume of ongoing projects[18] - Prepayments surged by 118.74%, totaling ¥282,014,876.91, primarily due to increased advance payments for supplier materials[18] - Inventory rose to approximately 2.84 billion yuan, up from 2.34 billion yuan, reflecting an increase of about 21.5%[27] - The company reported a significant increase in prepayments, which rose to approximately 282.01 million yuan from 128.93 million yuan, an increase of about 119%[27] - The company reported a significant increase in prepayments, which rose to CNY 397,812,311.12 from CNY 178,299,291.83, a growth of 123.5%[34]