AJ GROUP(SH:600643)2020-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 8.99% to CNY 288,092,123.45 year-on-year[18] - Basic earnings per share increased by 9.20% to CNY 0.178[18] - The net profit after deducting non-recurring gains and losses increased by 19.32% to CNY 309,448,268.74 year-on-year[18] - The company reported a total comprehensive income of ¥289,432,020.15 for Q1 2020, compared to ¥264,688,122.27 in Q1 2019, reflecting an increase of 9.3%[55] - Net profit for Q1 2020 was ¥288,165,099.19, an increase of 9.1% compared to ¥264,150,380.36 in Q1 2019[53] Revenue and Income - Operating revenue decreased by 8.68% to CNY 348,995,352.13 compared to the same period last year[18] - The company reported a decrease in total operating income of 2.41% to CNY 836,172,753.90 compared to the previous year[18] - Total operating revenue for Q1 2020 was ¥836,172,753.90, a decrease of 2.0% from ¥856,782,904.99 in Q1 2019[53] - Operating income decreased to ¥348,995,352.13 in Q1 2020 from ¥382,154,480.14 in Q1 2019, reflecting a decline of 8.6%[53] Cash Flow - Net cash flow from operating activities decreased by 30.73% to CNY 347,355,593.77 year-on-year[18] - The net cash flow from operating activities for Q1 2020 was 347,355,593.77 CNY, down from 501,444,246.31 CNY in Q1 2019, indicating a decrease of about 30.6%[61] - The cash flow from operating activities was impacted by a total cash outflow of 355,157,829.28, compared to 276,538,104.42 in the previous year[65] Assets and Liabilities - Total assets increased by 2.61% to CNY 27,443,839,550.06 compared to the end of the previous year[18] - The company’s total liabilities increased significantly, with accounts payable rising by 346.70% to RMB 259,169,928.14 from RMB 58,018,267.96[25] - Total liabilities amounted to ¥16,370,644,294.72, compared to ¥15,963,139,787.04, showing an increase of approximately 2.55%[44] - Current liabilities increased to ¥7,786,819,670.18 from ¥7,195,533,746.87, representing an increase of approximately 8.2%[42] Shareholder Information - The total number of shareholders reached 65,890 at the end of the reporting period[21] - The largest shareholder, Shanghai Junyao Group, holds 29.00% of the shares, totaling 470,357,855 shares[21] - The company’s major shareholder, Junyao Group, completed a share buyback plan, acquiring a total of 2,642,000 shares, representing 0.16% of the total share capital[29] Investments and Financial Assets - The company's financial assets for repurchase increased by 192.97% to RMB 129,200,129.20 from RMB 44,100,044.10[25] - Investment income surged by 158.18% to RMB 153,531,428.05 from RMB 59,467,952.14 year-over-year[28] - The company has terminated its investment in the "Yangtze River Delta Collaborative Advantage Industry Fund," receiving a cash return of RMB 150 million after the agreement was dissolved[36] Legal and Regulatory Matters - The company has initiated a retrial application to the Supreme People's Court regarding a lawsuit involving RMB 86.9 million in shareholder contribution claims, with the execution of the previous judgment suspended during the retrial[36] - The company reported a negative impact on current profits due to the ongoing legal case, with estimated liabilities including principal and interest amounting to approximately RMB 86.9 million and RMB 70 million respectively[36] Other Financial Metrics - The weighted average return on net assets decreased by 0.07 percentage points to 2.64%[18] - The company’s total interest expenses increased by 63.41% to RMB 87,506,261.74 from RMB 53,551,040.61[28] - Interest income rose by 47.33% to RMB 172,449,647.39 compared to RMB 117,050,325.54 in the same quarter last year[28]