JJE(SH:688280)2025-04-28 09:50Financial Performance - The company's total revenue for Q1 2025 was CNY 403.90 million, an increase of 46.97% compared to the same period last year, primarily driven by significant growth in the revenue from electric drive systems for new energy vehicles [5]. - The net profit attributable to shareholders was CNY 48.52 million, representing a turnaround from a loss of CNY 119.95 million in the previous year, marking an improvement of 140.45% [6]. - Basic and diluted earnings per share were both CNY 0.08, reflecting a 140.00% improvement from a loss of CNY 0.20 per share in the same period last year [7]. - Operating profit for Q1 2025 was ¥43.53 million, compared to an operating loss of ¥115.23 million in Q1 2024 [22]. - Total operating revenue for Q1 2025 reached ¥403.90 million, a significant increase of 46.9% compared to ¥274.81 million in Q1 2024 [21]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 79.86 million, a substantial improvement of 254.81% compared to the previous year's net outflow, attributed to increased revenue and government subsidies received during the quarter [6]. - The total cash inflow from operating activities was $583,588,761.22, while total cash outflow was $503,732,043.99, leading to a net cash flow of $79,856,717.23 [27]. - Cash received from sales of goods and services in Q1 2025 was ¥367.02 million, an increase of 78.5% from ¥205.45 million in Q1 2024 [26]. - The cash and cash equivalents at the end of the period amounted to $60,959,592.68, down from $151,889,952.39 in the previous period [28]. - Cash received from other operating activities was $209,294,628.21, showing a substantial increase compared to $14,947,374.88 in the previous period [27]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 2.62 billion, a 2.14% increase from the end of the previous year [5]. - The company's total liabilities were CNY 1,568,346,691.22, reflecting a slight decrease from the previous period [18]. - The company's long-term borrowings stood at CNY 91,800,000.00, down from CNY 96,800,000.00, showing a decrease of approximately 5.2% [18]. - Total equity attributable to shareholders increased to ¥629.26 million from ¥579.72 million year-over-year [19]. - The total non-current assets decreased to CNY 1,241,835,075.37 from CNY 1,268,971,904.09, a decline of about 2.1% [18]. Research and Development - Research and development expenses totaled CNY 18.23 million, accounting for 4.51% of total revenue, down from 8.56% in the previous year, indicating a decrease of 4.05 percentage points [5]. - Research and development expenses for Q1 2025 were ¥18.23 million, down 22.6% from ¥23.53 million in Q1 2024 [22]. Government Support - The company received government subsidies amounting to CNY 89.88 million, which positively impacted the net profit and cash flow from operating activities [10]. - The company reported a notable improvement in profitability due to the substantial revenue growth and government support received during the quarter [6]. Inventory and Receivables - Accounts receivable rose to CNY 389,950,356.62, up from CNY 382,109,204.79, indicating a slight increase of about 2% [17]. - Inventory levels increased to CNY 623,814,274.56 from CNY 590,716,207.19, representing a growth of approximately 5.6% [17]. - The company reported a significant increase in prepayments to CNY 11,201,462.44 from CNY 7,219,830.57, marking a growth of approximately 55% [17].