JONJEE(SH:600872)2019-04-26 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 189,361,136.86, an increase of 11.53% year-on-year[4]. - Operating income for the period was CNY 1,231,103,067.39, reflecting a growth of 6.72% compared to the same period last year[4]. - Basic earnings per share were CNY 0.24, up 14.29% from CNY 0.21 in the previous year[4]. - The weighted average return on net assets increased to 5.40%, up by 0.14 percentage points from the previous year[4]. - The net profit of Meiwai Xian Company was RMB 207 million, an increase of RMB 52.34 million, with a growth rate of 33.77% year-on-year[13]. - The net profit for Q1 2019 was CNY 212,552,594.83, compared to CNY 186,818,500.82 in Q1 2018, showing an increase of about 13.8%[29]. - The total profit for Q1 2019 was CNY 249,432,584.45, compared to CNY 213,683,495.62 in Q1 2018, reflecting an increase of about 16.7%[29]. - The total comprehensive income for Q1 2019 was CNY 212,515,238.55, compared to CNY 186,736,160.41 in Q1 2018, indicating an increase of around 13.8%[30]. Cash Flow - Net cash flow from operating activities reached CNY 385,839,532.29, a significant increase of 111.21% year-on-year[4]. - The cash flow from operating activities increased by 212.99% to RMB 32.22 million, driven by increased government subsidies[9]. - The cash flow from operating activities in Q1 2019 was CNY 1,413,021,661.34, compared to CNY 1,165,162,492.60 in Q1 2018, representing an increase of approximately 21.3%[33]. - The net cash flow from operating activities for Q1 2019 was CNY 385,839,532.29, a significant increase from CNY 182,681,620.21 in Q1 2018, representing a growth of approximately 111.1%[34]. - Total cash inflow from investment activities reached CNY 2,087,451,593.77 in Q1 2019, compared to CNY 1,581,628,669.01 in Q1 2018, marking an increase of about 32%[34]. - The net cash flow from investment activities was negative at CNY -135,777,863.54 in Q1 2019, a decline from a positive CNY 140,104,096.48 in Q1 2018[34]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,912,252,706.92, a decrease of 1.19% compared to the end of the previous year[4]. - The company’s total assets and net assets decreased by 1.19% and 0.04% respectively compared to the beginning of the period, mainly due to the premium paid for the acquisition of minority shares in Zhonghui Hechuang[13]. - The total liabilities as of March 31, 2019, were approximately CNY 1.99 billion, compared to CNY 1.59 billion at the end of 2018, representing an increase of 25.9%[23]. - The total liabilities as of March 31, 2019, were CNY 1,345,219,130.71, compared to CNY 1,219,922,233.36 at the end of 2018, showing an increase of about 10.3%[26]. - Total liabilities reached CNY 2,035,888,711.85, with current liabilities at CNY 1,587,463,579.95 and non-current liabilities at CNY 448,425,131.90[42]. Shareholder Information - The company’s total number of shareholders at the end of the reporting period was 29,324, with the largest shareholder holding 24.92% of the shares[6]. - Shareholders' equity totaled CNY 3,947,798,751.90, with equity attributable to the parent company at CNY 3,604,791,230.11[44]. Investment Activities - The company plans to acquire a 20% stake in Guangdong Chubang Food Co., Ltd. for RMB 340 million, which has been approved by the board[10]. - The cash paid for investments was RMB 2.157 billion, an increase of 54.90% compared to the previous period[9]. - The cash flow from investment received was RMB 2.08 billion, an increase of 41.06% compared to the previous period[9]. Inventory and Current Assets - The inventory as of March 31, 2019, was approximately CNY 1.51 billion, down from CNY 1.59 billion at the end of 2018, indicating a decrease of 5.5%[22]. - The company's inventory as of March 31, 2019, was CNY 199,184,407.58, up from CNY 176,452,495.82 in Q1 2018, reflecting an increase of about 12.8%[25]. - Other current assets were reported at CNY 1,547,729,389.80, remaining stable[41]. Financial Expenses - The company’s financial expenses increased by 35.56% to RMB 17.23 million, attributed to increased bank acceptance bill discounting fees[9]. - The financial expenses for Q1 2019 were CNY 13,467,128.24, compared to CNY 12,202,165.28 in Q1 2018, which is an increase of about 10.4%[31].