ZJJH(SH:600160)2019-04-25 16:00Financial Performance - Net profit attributable to shareholders decreased by 12.78% to CNY 370,086,312.43 year-on-year[4] - Operating income fell by 5.73% to CNY 3,770,025,028.78 compared to the same period last year[4] - The company reported a significant decrease of 48.36% in net profit after deducting non-recurring gains and losses, totaling CNY 218,689,731.17[4] - Basic earnings per share decreased by 12.90% to CNY 0.135[5] - The weighted average return on net assets decreased by 0.90 percentage points to 2.90%[4] - Net profit for Q1 2019 was ¥375,246,230.77, down 12.19% from ¥427,380,823.13 in Q1 2018[21] - Earnings per share (EPS) for Q1 2019 was ¥0.135, compared to ¥0.155 in Q1 2018, reflecting a decrease of 12.90%[22] - The company reported a total profit of ¥457,520,974.83 for Q1 2019, down 13.91% from ¥531,579,164.56 in the same quarter last year[21] Cash Flow - Net cash flow from operating activities decreased by 21.70% to CNY 549,093,135.53 year-on-year[4] - Cash flow from operating activities for Q1 2019 was CNY 549,093,135.53, down 21.7% from CNY 701,271,634.51 in Q1 2018[26] - The company experienced a net cash decrease of CNY 455,878,536.25 in Q1 2019, compared to a decrease of CNY 77,370,367.10 in Q1 2018[27] - The net cash flow from operating activities for Q1 2019 was ¥223,820,617.43, a decrease of 60.2% compared to ¥561,383,019.30 in Q1 2018[28] Assets and Liabilities - Total assets increased by 3.26% to CNY 15,764,622,334.96 compared to the end of the previous year[4] - Total current assets amounted to RMB 8,080,062,608.61, up from RMB 7,581,596,669.10 at the beginning of the period[14] - Total liabilities increased to ¥2,497,530,798.13 from ¥2,381,747,798.42, showing a growth of about 4.88%[17] - Total equity rose to ¥13,267,091,536.83 from ¥12,885,074,132.09, an increase of approximately 2.96%[17] - Current liabilities rose to ¥2,208,486,184.83 compared to ¥2,130,442,874.53, an increase of about 3.67%[16] - Total non-current liabilities amounted to ¥289,044,613.30, up from ¥251,304,923.89, indicating a rise of about 14.99%[17] Shareholder Information - The number of shareholders reached 70,889 at the end of the reporting period[8] - The largest shareholder, Juhua Group Co., Ltd., holds 38.65% of the shares[8] Research and Development - R&D expenses decreased by 33.34% to RMB 133,381,322.32, reflecting reduced spending in the current period[10] - Research and development expenses were ¥133,381,322.32, significantly reduced from ¥200,097,534.00 in the same quarter last year, a decrease of 33.33%[20] Income and Expenses - Operating tax and surcharges fell by 39.34% to RMB 24,909,308.62 due to a decrease in tax expenses[10] - Other income surged by 5100.59% to RMB 164,209,513.44, primarily from increased government subsidies[10] - Investment income increased by 145.08% to RMB 30,854,939.83, driven by higher returns from financial investments[10] - Cash flow from government subsidies rose by 403.37% to RMB 3,282,291.84 compared to the same period last year[12] - Cash received from other operating activities increased by 354.05% to RMB 220,302,112.09, due to the receipt of incineration subsidies[12] Inventory and Receivables - Accounts receivable increased to ¥891,018,210.89 from ¥748,677,599.50, reflecting a growth of approximately 18.93%[18] - Inventory increased to ¥194,952,835.22 from ¥173,822,648.14, reflecting a growth of about 12.13%[18] Other Financial Metrics - Other current assets rose by 92.50% to RMB 2,078,959,482.02, attributed to an increase in financial products[10] - Employee compensation payable decreased by 47.43% to RMB 21,482,808.02 as salaries were disbursed[10] - The company has not disclosed any new product developments or market expansion strategies in this report[3]