JAC(SH:600418)2021-04-27 16:00Financial Performance - Operating revenue for the first quarter reached CNY 11.68 billion, a 53.43% increase year-on-year[4] - Net profit attributable to shareholders was CNY 189.11 million, a significant recovery from a loss of CNY 355.95 million in the same period last year[4] - Basic earnings per share improved to CNY 0.10 from a loss of CNY 0.19 per share in the same quarter last year[4] - The weighted average return on equity was 1.44%, recovering from -2.79% in the previous year[4] - Total operating revenue for Q1 2021 reached ¥11,700,599,617.49, a 53.5% increase from ¥7,625,119,787.76 in Q1 2020[18] - Net profit for Q1 2021 was ¥175,766,864.92, compared to a net loss of ¥395,029,195.96 in Q1 2020[19] - Operating profit for Q1 2021 was ¥147,730,937.44, a significant recovery from an operating loss of ¥482,296,681.37 in Q1 2020[19] - Total comprehensive income for Q1 2021 was ¥173,083,090.64, a recovery from a loss of ¥397,770,634.86 in Q1 2020[19] Cash Flow - Net cash flow from operating activities was CNY 346.55 million, a turnaround from a negative cash flow of CNY 1.91 billion in the previous year[4] - Net cash flow from operating activities increased by 2.26 billion yuan year-on-year, primarily due to increased sales collections during the reporting period[9] - In Q1 2021, the company reported a net cash flow from operating activities of ¥346,545,207.33, a significant improvement from a net loss of -¥1,914,557,615.72 in Q1 2020[26] - The total cash inflow from operating activities was ¥12,571,135,811.32, compared to ¥4,914,817,704.80 in the same period last year, indicating a year-over-year increase of approximately 156%[26] - The net cash flow from financing activities was ¥1,439,104,035.61, a recovery from a net outflow of -¥57,849,574.21 in the previous year[27] Assets and Liabilities - Total assets increased by 12.63% to CNY 47.44 billion compared to the end of the previous year[4] - Total assets reached 47.44 billion yuan, an increase from 42.12 billion yuan compared to the previous year[13] - Total liabilities reached ¥28,483,321,595.28, compared to ¥23,157,669,945.68, which is an increase of about 23%[16] - The company's equity increased to ¥11,587,054,633.89 from ¥11,300,614,545.15, showing a growth of approximately 2.5%[16] - The company’s total equity reached 13,913,738,859.35 RMB, with equity attributable to shareholders of the parent company at 13,052,996,341.76 RMB[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 172,123[7] - The top shareholder, Anhui Jianghuai Automobile Group Holding Co., Ltd., held 17.15% of the shares[7] Research and Development - R&D expenses increased by 43.61% year-on-year, reflecting increased investment in research and development during the reporting period[9] - Research and development expenses increased to ¥283,414,685.40 in Q1 2021, up from ¥197,353,319.18 in Q1 2020, reflecting a focus on innovation[18] Financial Position - The company’s inventory increased by 35.51% compared to the beginning of the period, mainly due to increased stockpiling[9] - Trading financial assets increased by 355.44% compared to the beginning of the period, mainly due to the purchase of structured deposits during the reporting period[9] - Accounts receivable financing grew by 181.97% compared to the beginning of the period, primarily due to an increase in bank acceptance bills received during the reporting period[9] - The company reported a significant reduction in financial expenses, down to ¥44,087,136.76 in Q1 2021 from ¥97,265,313.99 in Q1 2020[18] Other Financial Metrics - The company reported non-recurring gains of CNY 230.79 million for the quarter, including CNY 166.14 million from asset disposals[6] - Investment income grew by 102.78% year-on-year, mainly due to increased profits from joint ventures and associates[9] - The company received cash from sales of goods and services totaling ¥12,386,887,829.93, a substantial increase from ¥4,722,094,685.26 in Q1 2020, representing a growth of about 162%[24]