JHCC(SZ:002484)2014-04-24 16:00Financial Performance - The company's operating revenue for Q1 2014 was ¥255,571,893.18, representing a 15.71% increase compared to ¥220,877,375.77 in the same period last year[8] - Net profit attributable to shareholders for Q1 2014 was ¥27,866,369.22, a 35.83% increase from ¥20,515,971.87 year-on-year[8] - Basic earnings per share for Q1 2014 were ¥0.134, up 35.9% from ¥0.0986 in the same period last year[8] - In Q1 2014, the company's operating profit, total profit, net profit, and net profit attributable to shareholders increased by CNY 10,057,868.14, CNY 9,301,522.88, CNY 7,762,570.79, and CNY 7,350,397.35 respectively, with growth rates of 41.10%, 35.83%, 35.99%, and 35.83%[17] Cash Flow - The net cash flow from operating activities surged to ¥59,772,914.23, marking a significant increase of 420.21% compared to ¥11,490,222.36 in the previous year[8] - Net cash flow from operating activities increased by CNY 48,282,691.87, a surge of 420.21%, attributed to improved management of accounts receivable and increased export tax rebates[17] - 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] - Net cash flow from financing activities fell by CNY 72,997,629.01, a drop of 429.40%, mainly due to the repayment of bank loans by subsidiaries[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,810,274,822.15, a slight decrease of 0.3% from ¥1,815,739,341.37 at the end of the previous year[8] - The company's net assets attributable to shareholders increased by 1.91% to ¥1,487,402,392.68 from ¥1,459,536,023.46 at the end of the previous year[8] - The company experienced a 38.78% increase in taxes payable, totaling ¥2,968,982.33, attributed to sales growth[15] Investments and Income - Financial expenses decreased by 40.68% to ¥498,983.06, primarily due to foreign exchange gains[16] - Investment income rose by 51.84% to ¥1,159,406.18, driven by increased returns from the joint venture Nantong Haili Electronics Co., Ltd.[16] Future Outlook - The company expects net profit attributable to shareholders for the first half of 2014 to be between CNY 66,371,473.5 and CNY 78,439,014.13, representing a growth of 10% to 30% compared to the same period in 2013[23] - The anticipated growth in net profit is driven by strong market demand for industrial capacitors and significant revenue increases in film capacitors and solid polymer capacitors[23] Taxation - Income tax expenses in Q1 2014 rose by CNY 1,538,952.09, an increase of 35.05%, primarily due to the growth in profits[17] Construction and Expansion - The company reported a 61.41% increase in construction in progress, amounting to ¥12,830,414.56, due to increased fixed asset investments for expansion[15]