JSAC(SH:600389)2020-04-27 16:00Financial Performance - Net profit attributable to shareholders of the listed company was ¥97,823,441.89, representing a year-on-year increase of 7.64%[12] - Operating revenue for the period was ¥1,243,898,295.96, up 2.75% from the same period last year[12] - Basic and diluted earnings per share were both ¥0.3294, reflecting a 7.65% increase year-on-year[12] - The company reported a net profit of CNY 1,419,570,168.51 for Q1 2020, compared to CNY 1,327,885,608.41 in Q1 2019, indicating an increase of about 6.9%[45] - The net profit for the current period is approximately CNY 99.59 million, compared to CNY 90.88 million in the previous period, indicating a growth of about 9.4%[48] - The total comprehensive income for the current period is approximately CNY 99.71 million, compared to CNY 90.99 million in the previous period, representing an increase of about 9.5%[49] - The company reported a total revenue of CNY 831,428,137.21 from sales of goods and services in Q1 2020, up from CNY 697,326,829.54 in Q1 2019, indicating an increase of approximately 19.2%[56] Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,416,939,259.94, an increase of 2.57% compared to the end of the previous year[12] - The total assets increased to 4,416,939,259.94 CNY from 4,306,243,931.02 CNY, indicating growth in the company's asset base[36] - The total liabilities as of March 31, 2020, were CNY 2,149,671,620.41, up from CNY 2,114,277,351.79 at the end of 2019, reflecting a rise of approximately 1.67%[45] - The company's equity attributable to shareholders reached CNY 2,076,816,501.56, compared to CNY 1,985,131,941.46 at the end of 2019, marking an increase of around 4.6%[45] - The total liabilities reached RMB 2,114,277,351.79, with current liabilities totaling RMB 1,875,274,777.84[74] Cash Flow - The net cash flow from operating activities was -¥149,158,341.26, an improvement from -¥254,290,055.59 in the previous year[12] - The net cash flow from operating activities showed a reduction in outflow, improving from -254,290,055.59 CNY to -149,158,341.26 CNY, mainly due to increased cash receipts from sales[28] - Operating cash inflow for Q1 2020 was CNY 844,810,948.79, an increase from CNY 714,219,386.08 in Q1 2019, representing a growth of about 18.3%[56] - The net cash flow from financing activities was $133,573,901.69, slightly down from $137,887,533.28 in the previous period, showing stable financing operations[60] Borrowings and Financial Management - Short-term borrowings increased by 33.02% to ¥560,000,000.00 compared to the previous period[18] - Short-term borrowings increased to 560,000,000.00 CNY from 421,000,000.00 CNY, indicating a rise in working capital loans[36] - The company raised CNY 340,000,000.00 through borrowings in Q1 2020, compared to CNY 140,000,000.00 in Q1 2019, reflecting a significant increase of 142.9%[58] - Financial expenses decreased by 83.13%, totaling 2,149,376.87 CNY, primarily due to increased foreign exchange gains[24] Research and Development - R&D expenses increased by 31.19% compared to the previous period, amounting to 48,523,619.69 CNY[22] - Research and development expenses rose significantly to CNY 48.52 million, up from CNY 36.99 million, marking an increase of approximately 31.2%[48] Shareholder Information - The total number of shareholders at the end of the reporting period was 12,604[17] - The largest shareholder, Nantong Industrial Holding Group Co., Ltd., held 29.30% of the shares[17] Other Income and Expenses - Other income rose by 69.18%, reaching 3,962,402.90 CNY, attributed to government subsidies and tax-related reimbursements[24] - The company reported a decrease in income tax expenses by 44.67%, amounting to 14,188,025.04 CNY, due to a lower tax rate applied[27] - The company has reported a significant increase in other income, which rose to CNY 3.96 million from CNY 2.34 million, reflecting a growth of approximately 69.8%[48]