JSAC(600389)2021-04-19 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 116,948,228.54, an increase of 19.55% year-on-year[12]. - Operating revenue for the period reached CNY 1,554,030,577.77, reflecting a growth of 24.93% compared to the same period last year[12]. - Basic earnings per share rose to CNY 0.3938, up 19.55% from CNY 0.3294 in the previous year[12]. - Net profit for Q1 2021 was ¥121,461,305.26, representing a 22.0% increase from ¥99,586,966.56 in Q1 2020[51]. - Earnings per share for Q1 2021 were ¥0.3938, compared to ¥0.3294 in Q1 2020, reflecting a growth of 19.6%[51]. Cash Flow - The net cash flow from operating activities was CNY -77,762,518.43, an improvement of 47.87% from CNY -149,158,341.26 in the previous year[12]. - Net cash flow from operating activities improved to -¥77,762,518.43 from -¥149,158,341.26, indicating a positive trend[28]. - Cash flow from operating activities in Q1 2021 was negative at -¥77,762,518.43, an improvement from -¥149,158,341.26 in Q1 2020[60]. - The total operating cash inflow for Q1 2021 was 993,690,035.16 RMB, an increase from 773,106,216.70 RMB in Q1 2020[62]. - The company reported a net increase in cash and cash equivalents of -242,489,688.60 RMB for Q1 2021, compared to -25,715,016.96 RMB in Q1 2020[64]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,516,954,572.61, a decrease of 1.71% compared to the end of the previous year[12]. - Significant changes in financial indicators included a 34.38% decrease in cash and cash equivalents, totaling CNY 558,056,706.03[18]. - The company’s total liabilities decreased to ¥2,214,100,743.34 from ¥2,397,902,938.72, a reduction of approximately 7.7%[44]. - Total equity increased to ¥2,020,867,788.96 in Q1 2021, up from ¥1,946,851,476.48 in Q1 2020, marking an increase of about 3.8%[44]. - The company’s total liabilities included short-term borrowings of 528,410,362.47 RMB as of Q1 2021[66]. Shareholder Information - The total number of shareholders at the end of the reporting period was 12,494[17]. - The largest shareholder, Nantong Industrial Holding Group Co., Ltd., held 29.30% of the shares[17]. Changes in Financial Indicators - Current liabilities decreased significantly from ¥2,333,670,619.46 to ¥1,825,932,854.24, a reduction of about 21.8%[36]. - Non-current liabilities increased from ¥229,374,345.20 to ¥531,918,133.60, an increase of approximately 132.5%[38]. - Cash and cash equivalents decreased from ¥787,095,249.88 to ¥529,037,120.41, a decline of about 32.8%[40]. - The company reported a significant increase in long-term borrowings from ¥85,463,296.70 to ¥385,463,296.70, an increase of approximately 351.5%[38]. Income and Expenses - Investment income decreased by 38.72% to ¥11,077,694.52 from ¥18,078,362.15, primarily due to lower profits from joint ventures[22]. - Income tax expenses increased by 59.79% to ¥22,671,708.47 from ¥14,188,025.04, attributed to higher profits during the reporting period[22]. - Total operating costs for Q1 2021 were ¥1,422,334,942.80, up 24.8% from ¥1,140,113,263.76 in Q1 2020[49]. - Research and development expenses for Q1 2021 were ¥43,208,304.11, a decrease of 10.5% from ¥48,523,619.69 in Q1 2020[49]. Compliance and Standards - The company adopted the new leasing standards effective January 1, 2021, resulting in an increase of ¥6,447,793.22 in both right-of-use assets and lease liabilities[79]. - The company did not apply retrospective adjustments for prior comparative data under the new leasing standards[80]. - The company has not issued an audit report for this period[80].