JGGF(SZ:300510)2018-08-23 16:00Financial Performance - Total revenue for the reporting period reached ¥431,972,649.43, representing a 109.47% increase compared to ¥206,226,035.67 in the same period last year[21]. - Net profit attributable to shareholders was ¥70,893,841.02, up 120.01% from ¥32,223,624.31 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥49,812,892.43, a 62.66% increase from ¥30,623,050.58 in the previous year[21]. - Basic earnings per share increased to ¥0.28, a rise of 55.56% from ¥0.18[21]. - Operating profit reached 84.91 million yuan, reflecting a growth of 114.12% compared to the previous year[50]. - The company achieved total operating revenue of 431.97 million yuan, a year-on-year increase of 109.47%[50]. - The company reported a significant increase in other income, which rose by 1,121.53% to ¥21,290,817.61, mainly due to increased government subsidies received[63]. - The total comprehensive income for the current period was ¥71,745,594.71, compared to ¥33,385,171.12 in the previous period, reflecting a growth of 114.4%[178]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,641,181,684.79, an increase of 87.15% from ¥3,014,235,827.53 at the end of the previous year[21]. - Total liabilities increased to ¥1,460,618,841.85 from ¥679,500,816.38, a rise of approximately 115.0%[169]. - Owner's equity rose to CNY 4,180,562,842.94 from CNY 2,334,735,011.15, indicating an increase of about 79.0%[169]. - The company's accounts receivable net amount reached RMB 779.07 million, accounting for 13.81% of total assets, indicating a significant portion of funds tied up in receivables[95]. - The total assets reached CNY 5,641,181,684.79, up from CNY 3,014,235,827.53, representing a growth of about 87.0%[169]. Cash Flow - The company reported a net cash flow from operating activities of -¥100,761,116.16, worsening by 126.32% compared to -¥44,521,981.33 in the same period last year[21]. - The net cash flow from financing activities surged to ¥768,403,346.86, a staggering increase of 7,020.51%, primarily due to funds raised from a private placement of shares[62]. - The net increase in cash and cash equivalents was ¥638,333,665.03, representing an 813.31% increase, also driven by the private placement of shares[62]. - The total cash inflow from investment activities was 346,501,317.46 CNY, while cash outflow was 375,831,210.97 CNY, resulting in a net cash flow of -29,329,893.51 CNY[184]. Investments and Acquisitions - The company completed the acquisition of Nanjing Enerui, enhancing its strategic layout in the new energy sector, which is expected to boost revenue and shareholder returns[53]. - The company completed the acquisition of 100% equity in Hongtu Diaphragm, with the approval from the China Securities Regulatory Commission in February 2018[131]. - The company has invested CNY 1,051.82 million in the C-GIS project during the reporting period[81]. - The company is preparing for the construction of a new production base in Huzhou to expand its lithium battery separator production capacity[49]. Research and Development - The company has developed over 20 types of lithium-ion battery PE separator models, covering products with pore sizes from 5μm to 20μm[32]. - Research and development expenditures in the lithium battery separator field reached 4.2685 million yuan, a year-on-year increase of 98.85%[58]. - The company has obtained 3 patents, including 2 invention patents and 1 utility model patent, with 11 invention patents currently in the public notice stage[32]. - The company has formed strategic partnerships with universities to enhance its R&D capabilities and achieve integration of production, education, and research[43]. Operational Risks and Management - The company has detailed potential operational risks and corresponding countermeasures in the report, which investors are encouraged to review[5]. - The company anticipates potential risks of profit margin decline due to increased market competition and plans to optimize product structure to maintain stable gross margins[97]. - The company is focused on improving management capabilities and governance structures to adapt to the growing scale of operations post-listing[98]. - The company has implemented measures to mitigate risks associated with accounts receivable, including strict adherence to collection policies and differentiated repayment strategies[95]. Shareholder Information - The company reported a cash dividend of 0.56 RMB per 10 shares (including tax) and a capital reserve increase of 8 shares for every 10 shares held, based on a total share capital of 291,362,449 as of June 30, 2018[5]. - The cash dividend distribution plan includes a total cash dividend of RMB 16.32 million, representing 100% of the profit distribution total[105]. - The company will increase its share capital by 223,089,959 shares, resulting in a new total share capital of 524,452,408 shares, with a conversion ratio of 8 shares for every 10 shares held[107]. - The independent directors unanimously agree that the profit distribution policy aligns with the company's operational performance and future development needs[108].