JHEC(SH:600273)2020-04-27 16:00Financial Performance - Net profit attributable to shareholders was ¥243,443,249.66, down 28.37% year-on-year[12] - Operating revenue for the period was ¥1,182,027,622.71, representing a decrease of 16.83% compared to the same period last year[12] - Basic and diluted earnings per share were both ¥0.1749, down 26.85% from the previous year[12] - The company reported a net loss of ¥66,891.61 from the disposal of non-current assets[12] - The company reported a significant decrease in other income, which fell by 96.20% to RMB 1,110,004.27, compared to RMB 29,221,496.06 in the previous year, primarily due to the absence of government subsidies[30] - Total operating revenue for Q1 2020 was ¥1,182,027,622.71, a decrease of 16.8% from ¥1,421,296,140.78 in Q1 2019[41] - Net profit for Q1 2020 was ¥244,074,279.78, a decline of 28.3% compared to ¥340,465,663.24 in Q1 2019[47] - The total comprehensive income for Q1 2020 was ¥244,074,276.20, down from ¥340,465,666.92 in Q1 2019[47] Cash Flow - Net cash flow from operating activities was ¥108,202,863.44, a significant decline of 74.59% year-on-year[12] - The cash flow from operating activities was CNY 108,202,863.44, significantly lower than CNY 425,834,798.58 in the first quarter of 2019, a decline of 74.6%[56] - In Q1 2020, the net cash flow from operating activities was ¥29,604,512.34, a significant decrease of 92.3% compared to ¥384,925,706.17 in Q1 2019[60] - The net cash flow from financing activities was ¥83,860,430.26, a turnaround from a negative cash flow of ¥156,805,828.39 in Q1 2019[62] - The cash inflow from operating activities was significantly impacted by a decrease in cash received from sales, which dropped to ¥764,393,346.24 from ¥1,072,419,194.37, a decline of 28.6%[60] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,840,344,657.42, a decrease of 0.57% compared to the end of the previous year[12] - Total liabilities decreased to ¥1,612,372,047.85 from ¥1,906,002,387.64, a decline of about 15.4%[33] - Current liabilities decreased to ¥1,483,213,721.03 from ¥1,790,117,912.70, representing a reduction of about 17.1%[33] - Non-current liabilities increased to ¥129,158,326.82 from ¥115,884,474.94, an increase of approximately 11.0%[33] - Total equity increased to ¥7,227,972,609.57 from ¥6,984,592,686.00, reflecting a growth of about 3.5%[35] - The company reported a total liability of ¥1,397,660,584.89, compared to ¥1,575,935,851.11 in the previous period[41] - The total liabilities amounted to ¥3,000,000,000.00, indicating a stable financial position compared to the previous year[64] Shareholder Information - The total number of shareholders at the end of the reporting period was 43,831[18] - The largest shareholder, Zhejiang Jiahua Group Co., Ltd., held 32.62% of the shares[18] Investment and Expenses - The company’s financial expenses increased significantly, with a reported amount of RMB 5,632,666.52, compared to RMB 115,466.81 in the previous year, indicating a substantial foreign exchange loss[30] - Research and development expenses for Q1 2020 were ¥48,534,535.83, slightly up from ¥48,054,736.14 in Q1 2019[45] - The company reported a decrease in sales expenses to CNY 8,205,289.00 from CNY 14,006,760.62, a reduction of 41.3%[56] Inventory and Receivables - The company’s accounts receivable rose to RMB 468,875,099.87 from RMB 462,117,156.98, indicating a slight increase in credit sales[30] - The company’s inventory decreased to RMB 560,194,528.13 from RMB 670,215,113.59, suggesting improved inventory management[30] - Accounts receivable increased to ¥319,056,811.05 from ¥262,989,236.98, a growth of about 21.2%[35] - Inventory decreased to ¥406,426,752.35 from ¥547,711,241.23, a decline of approximately 26.7%[35] Government Subsidies - The company received government subsidies amounting to ¥1,093,007.82 during the reporting period[15]