JHCC(SZ:002484)2017-04-26 16:00Financial Performance - The company's operating revenue for Q1 2017 was ¥335,088,073.13, representing a 35.07% increase compared to ¥248,091,584.01 in the same period last year[8]. - The net profit attributable to shareholders for Q1 2017 was ¥29,197,524.55, up 41.24% from ¥20,671,915.32 year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥26,866,618.04, reflecting a 44.94% increase from ¥18,535,974.34 in the previous year[8]. - Operating profit, total profit, and net profit for Q1 2017 increased by ¥15,048,826.31, ¥12,410,505.14, and ¥10,365,387.32, with growth rates of 66.60%, 49.14%, and 47.36%, respectively[18]. - Net profit attributable to shareholders for the first half of 2017 is expected to increase by 20.00% to 50.00% compared to the same period in 2016[21]. - The expected net profit range for the first half of 2017 is between ¥72,673,400 and ¥90,841,800, compared to ¥60,561,200 in the same period of 2016[22]. Cash Flow - The net cash flow from operating activities for the period was ¥39,580,058.41, which is a 16.66% increase compared to ¥33,929,045.89 in the same period last year[8]. - Net cash flow from operating activities rose by ¥5,651,012.52, a growth of 16.66%, attributed to improved management of current assets and faster inventory turnover[18]. - The net cash outflow from investing activities increased by ¥73,404,359.45, a growth of 116.61%, primarily due to investments made by Nantong Xinjianhai Power Electronics Co., Ltd.[18]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,470,517,067.00, a slight decrease of 0.21% from ¥3,477,938,788.43 at the end of the previous year[8]. - The net assets attributable to shareholders at the end of the reporting period were ¥3,004,514,410.45, which is a 0.98% increase from ¥2,975,316,885.90 at the end of the previous year[8]. - Other receivables decreased by ¥16,022,336.62, a decline of 67.21%, due to the transfer of prepaid land payments to intangible assets[16]. Shareholder Information - The basic earnings per share for Q1 2017 was ¥0.0466, a 20.10% increase from ¥0.0388 in the previous year[8]. - The total number of common shareholders at the end of the reporting period was 16,061[12]. - The company has committed to distributing at least 30% of the average distributable profit over the last three years to shareholders in cash[20]. Operational Highlights - Operating revenue and operating costs for Q1 2017 increased by ¥86,996,489.12 and ¥73,594,513.75, representing growth rates of 35.07% and 40.15%, respectively, driven by increased downstream demand[17]. - Financial expenses for Q1 2017 increased by ¥3,814,549.49, a growth of 131.69%, mainly due to reclassification of financial income[17]. - Prepayments increased by ¥77,132,425.43, a growth of 161.45%, due to investments made by the subsidiary Nantong Xinjianhai Power Electronics Co., Ltd. in its subsidiary Yup Electronic (Suzhou) Co., Ltd.[16]. - The company reported non-recurring gains of ¥2,330,906.51 for the period, which includes government subsidies and other income[9]. Return on Equity - The weighted average return on equity for the period was 0.98%, down 0.23% from 1.21% in the previous year[8].