Jiaze Renewables(SH:601619)2020-04-24 16:00Financial Performance - Net profit attributable to shareholders increased by 6.25% to CNY 48,239,981.70 year-on-year[11] - Operating income rose by 1.96% to CNY 246,200,707.82 compared to the same period last year[11] - Basic earnings per share decreased by 0.85% to CNY 0.0233[11] - Total operating revenue for Q1 2020 was CNY 246,200,707.82, a slight increase of 2.99% compared to CNY 241,470,907.85 in Q1 2019[42] - Net profit for Q1 2020 was CNY 48,239,964.98, up 1.84% from CNY 45,401,472.89 in Q1 2019[46] - The total comprehensive income for Q1 2020 was CNY 48,239,964.98, compared to CNY 45,401,472.89 in Q1 2019[48] - The company reported an operating profit of CNY 54,469,435.11, up from CNY 48,354,251.34 in the previous year[46] - The company’s total comprehensive income for the first quarter of 2020 was CNY 17,569,322.41, compared to CNY 12,492,131.89 in the first quarter of 2019, marking an increase of approximately 40.8%[50] Cash Flow - Net cash flow from operating activities decreased by 35.08% to CNY 49,938,693.83 compared to the previous year[11] - Cash flow from operating activities for the first quarter of 2020 was CNY 49,938,693.83, down from CNY 76,924,636.29 in the first quarter of 2019, indicating a decrease of about 35.1%[54] - The company reported cash inflow from operating activities totaling CNY 74,295,085.83, compared to CNY 105,097,732.54 in the previous year, reflecting a decline of approximately 29.3%[54] - Cash outflow from operating activities was CNY 24,356,392.00, down from CNY 28,173,096.25 in the first quarter of 2019, showing a decrease of about 13.0%[54] - Net cash flow from investing activities worsened by 249.35% to -¥61,697,486.42 from -¥17,660,526.17, due to increased investment in project construction[22] - The net cash flow from financing activities improved by 104.62% to ¥8,580,431.69 from -¥185,603,060.79, primarily due to increased bank borrowings[22] Assets and Liabilities - Total assets increased by 2.63% to CNY 9,368,020,577.18 compared to the end of the previous year[11] - Total liabilities increased to ¥5,996,011,819.79 from ¥5,804,582,724.11, representing a growth of approximately 3.3%[35] - Current liabilities decreased to ¥915,523,471.81 from ¥928,229,351.80, a decline of about 1.5%[35] - Long-term borrowings rose to ¥4,079,880,000.00 from ¥3,939,380,000.00, an increase of approximately 3.6%[35] - Total equity attributable to shareholders increased to ¥3,372,008,809.64 from ¥3,323,768,827.94, reflecting a growth of about 1.5%[35] - Total assets decreased to ¥4,632,252,708.83 from ¥4,682,133,501.80, a decline of approximately 1.1%[40] - Shareholders' equity totaled CNY 2,796,373,176.78, an increase from CNY 2,778,803,854.37 in the previous year[42] Government Support and Subsidies - The company received government subsidies amounting to CNY 8,871.46 related to employment stabilization[11] Shareholder Information - The top ten shareholders hold a total of 1,392,000,000 shares, accounting for 67.56% of the total shares[16] - The largest shareholder, Jinyuan Rongtai Investment Management (Ningxia) Co., Ltd., holds 625,671,237 shares, representing 30.17% of the total[16] Tax and Other Income - Tax expenses increased by 53.45% to ¥4,530,935.93 from ¥2,952,638.34, due to the expiration of certain tax incentives[22] - Other income surged by 203.82% to ¥1,817,141.76 from ¥598,093.33, driven by increased VAT refunds[22] Future Developments - The company is in the process of issuing convertible bonds, pending approval from the China Securities Regulatory Commission[23] - The company will continue to disclose information based on the progress of the regulatory review regarding the bond issuance[26] Miscellaneous - The company has not disclosed any new product or technology developments in this report[11] - The company did not apply new revenue and lease standards for the current year[59] - The company did not have an audit report applicable for the current period[59]