JONJEE(SH:600872)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders increased by 8.94% to CNY 206,286,505.32 year-on-year[4] - Operating revenue decreased by 6.32% to CNY 1,153,354,570.47 compared to the same period last year[4] - Cash flow from operating activities decreased by 0.93% to CNY 382,258,718.62 year-on-year[4] - The weighted average return on equity decreased by 0.31 percentage points to 5.09%[4] - The basic earnings per share increased by 8.92% to CNY 0.2589[4] - The company reported a significant increase in other income, totaling CNY 200 million, up 227.16% year-on-year[10] - The company experienced a 60.16% increase in other expenses, amounting to CNY 1.306 billion[10] - The total profit for Q1 2020 was CNY 262,214,631.61, an increase of 5.5% compared to CNY 249,432,584.45 in Q1 2019[26] - The company achieved a gross profit margin of approximately 41.5% in Q1 2020, compared to 39.2% in Q1 2019[25] - The total comprehensive income for Q1 2020 was CNY 223,561,300.04, compared to CNY 212,515,238.55 in Q1 2019, indicating a growth of 5.2%[26] Assets and Liabilities - Total assets increased by 0.97% to CNY 6,011,632,215.29 compared to the end of the previous year[4] - Total liabilities decreased to CNY 1,433,612.21 million from CNY 1,600,294.94 million in the previous year[21] - The company's total assets reached CNY 6,011,632.22 million, up from CNY 5,953,726.94 million at the end of 2019[21] - Total liabilities amounted to approximately ¥1,596,225,478.53, a decrease of about 14.5% compared to ¥1,866,907,928.87 in the previous period[24] - Total current assets amounted to CNY 3,596,814.69 million, an increase from CNY 3,524,605.01 million at the end of 2019[20] - The company's cash and cash equivalents increased to CNY 905,625.67 million from CNY 698,822.70 million year-over-year[20] - The total owner's equity reached ¥4,469,357,415.42, compared to ¥4,245,796,115.38, indicating a growth of about 5.3%[22] Revenue Breakdown - In Q1 2020, the total revenue was CNY 1.153 billion, a decrease of CNY 78 million or 6.32% year-on-year[10] - Soy sauce revenue dropped significantly by 33.38% to CNY 9,209.16 million from CNY 13,822.65 million year-over-year[17] - Chicken essence and powder revenue increased by 21.12% to CNY 13,908.35 million compared to CNY 11,482.98 million in the previous year[17] - The eastern region's revenue decreased by 10.71% to CNY 24,195.43 million from CNY 27,096.32 million year-over-year[18] - The central and western regions saw a revenue increase of 20.73% to CNY 25,721.21 million compared to CNY 21,305.24 million in the previous year[18] Shareholder Information - The number of shareholders reached 28,523 at the end of the reporting period[6] - The total number of distributors at the end of the reporting period was 1,132, with a net increase of 81 distributors during the period[18] Investment and Expansion Plans - The company plans to upgrade and expand the Meiwai Xian Zhongshan plant, increasing production capacity by 270,000 tons annually, with projected annual sales revenue of CNY 3.996 billion and net profit of CNY 785 million[10] - The company reported a long-term investment in fixed assets of approximately $1.42 billion, reflecting ongoing capital expenditures[35] Cash Flow and Financing - The company raised ¥200,000,000.00 from borrowings in Q1 2020, while cash outflow for debt repayment was ¥400,000,000.00[30] - The net cash flow from financing activities was -$422.1 million, a decrease of $22 million compared to the previous period[33] - The company recorded cash outflow from operating activities totaling ¥961,567,037.37, compared to ¥1,059,490,169.84 in Q1 2019, indicating a reduction of about 9.2%[30] Other Financial Metrics - Research and development expenses for Q1 2020 were CNY 30,614,049.28, a decrease of 15.6% compared to CNY 36,297,360.87 in Q1 2019[25] - Financial expenses decreased significantly to CNY 6,367,760.93, down 63.1% from CNY 17,227,082.41 in the previous year[25] - The company reported an investment income of CNY 13,020,934.56, down 41.0% from CNY 22,075,925.21 in Q1 2019[25]