JHEC(SH:600273)2021-04-22 16:00Financial Performance - Operating revenue for the period was CNY 1,664,276,818.06, representing a 40.80% increase year-on-year[12]. - Net profit attributable to shareholders was CNY 339,708,910.00, up 39.54% from the same period last year[12]. - Basic and diluted earnings per share were both CNY 0.2371, reflecting a 35.56% increase year-on-year[12]. - The company reported a 49.59% increase in operating costs, totaling RMB 1,170,573,548.14 in Q1 2021, attributed to increased sales volume, rising raw material prices, and freight costs included in operating expenses[24]. - Operating profit for Q1 2021 was ¥400,346,858.89, compared to ¥294,166,252.91 in Q1 2020, indicating a growth of 36%[48]. - The net profit for Q1 2021 reached CNY 258,368,888.98, up 37.0% from CNY 188,402,433.17 in Q1 2020[54]. - The total comprehensive income for Q1 2021 was CNY 258,368,888.98, compared to CNY 188,402,433.17 in Q1 2020, indicating a growth of 37.0%[55]. Cash Flow - The net cash flow from operating activities was negative at CNY -174,245,109.66, a decrease of 261.04% compared to the previous year[12]. - Cash inflow from operating activities in Q1 2021 was CNY 971,004,156.86, compared to CNY 932,477,538.10 in Q1 2020, showing an increase of 4.1%[56]. - The total cash outflow from operating activities was 1,162,463,880.18 RMB, compared to 747,015,759.36 RMB in the previous year, indicating an increase of about 55.5%[60]. - Cash and cash equivalents at the end of the period decreased to 278,477,976.73 RMB from 501,172,458.78 RMB year-over-year, reflecting a decline of approximately 44.4%[62]. - The company reported a decrease in financial expenses, with a net financial cost of CNY -2,691,567.34 in Q1 2021, compared to CNY 6,510,044.31 in Q1 2020[53]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 9,951,043,666.91, an increase of 0.44% compared to the end of the previous year[12]. - Current assets totaled ¥2,509,561,334.48 as of March 31, 2021, a decrease of 3.97% from ¥2,613,339,302.28 on December 31, 2020[33]. - Total liabilities amounted to ¥1,825,211,235.07, a decrease from ¥2,131,147,261.39[38]. - Current liabilities decreased to ¥1,747,919,224.97, down 15.91% from ¥2,078,686,820.54[36]. - Shareholders' equity increased to ¥8,125,832,431.84, up from ¥7,775,971,072.55[38]. Shareholder Information - The total number of shareholders at the end of the reporting period was 48,817[15]. - The largest shareholder, Zhejiang Jiahua Group Co., Ltd., held 31.23% of the shares[15]. Government Support and Other Income - Government subsidies recognized in the current period amounted to CNY 1,816,168.30[14]. - The company’s other income increased by 64.87% to RMB 1,830,109.10, primarily due to government subsidies received[24]. Investment and Capital Expenditure - The company plans to increase its overseas wholly-owned subsidiary's capital by USD 18 million to support its import and export trade and foreign investment needs[27]. - The company has established a wholly-owned subsidiary, Zhejiang Jiajia Xincheng New Materials Co., Ltd., with a registered capital of USD 15 million to enhance its import and export trade capabilities[27]. - Cash outflow for purchasing fixed assets and intangible assets was 104,201,836.86 RMB, up from 34,998,781.04 RMB, representing an increase of approximately 197.1%[62].