Jangho(SH:601886)2021-04-29 16:00Financial Performance - Operating revenue for the period reached approximately ¥3.10 billion, an increase of 33.61% year-on-year[9] - Net profit attributable to shareholders was approximately ¥209.92 million, representing a significant increase of 848.06% compared to the same period last year[9] - Basic earnings per share rose to ¥0.19, an increase of 850.00% year-on-year[9] - The net profit after deducting non-recurring gains and losses was approximately ¥114.60 million, an increase of 234.17% year-on-year[9] - The company reported a total comprehensive income of ¥863,528,127.56 for Q1 2021, compared to a loss of ¥205,040,313.50 in Q1 2020[31] - Net profit for Q1 2021 was ¥228,321,709.06, compared to ¥35,800,315.98 in Q1 2020, representing a substantial increase of 536.5%[30] - Investment income surged by 186.81% from CNY 32,789,581.59 to CNY 94,043,158.79, mainly due to increased gains from the disposal of financial assets[18] Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥28.30 billion, a decrease of 3.68% compared to the end of the previous year[9] - The total assets decreased from CNY 29,381,850,084.19 to CNY 28,299,874,243.88, indicating a reduction in overall asset base[23] - The total liabilities amounted to ¥17,483,432,301.79, a decrease of approximately 9.4% from ¥19,398,422,127.23[24] - The total equity attributable to shareholders increased to ¥9,432,209,134.87, up from ¥8,615,011,437.76, reflecting a growth of about 9.5%[25] - The total current liabilities decreased to ¥16,359,040,873.46 from ¥18,656,525,321.45, a reduction of approximately 12.3%[24] - The total non-current liabilities increased to ¥1,124,391,428.33 from ¥741,896,805.78, reflecting a significant increase of about 51.6%[24] Cash Flow - Net cash flow from operating activities was approximately -¥1.50 billion, showing a slight improvement of 0.31% compared to the previous year[9] - The net cash flow from financing activities improved to CNY 56,407,473.92 from a negative CNY 229,188,666.43 in the previous period, due to reduced loan repayments[18] - Cash flow from operating activities for Q1 2021 was -1,503,282,513.62 CNY, slightly improved from -1,507,910,391.53 CNY in Q1 2020[35] - Cash flow from investing activities in Q1 2021 was -653,746,530.38 CNY, worsening from -329,782,123.48 CNY in Q1 2020, indicating increased cash outflow for investments[36] - Cash inflow from financing activities amounted to $47.03 million, with cash outflow totaling $7.30 million, leading to a net cash flow of $39.73 million from financing activities[40] Shareholder Information - The total number of shareholders at the end of the reporting period was 22,236[13] - The largest shareholder, Beijing Jianghe Source Holdings Co., Ltd., held 27.35% of the shares, with 315,645,200 shares pledged[13] Operational Insights - The company has not disclosed any new product developments or market expansion strategies in this report[9] - Operating costs increased by 32.81% from CNY 1,955,835,602.38 to CNY 2,597,471,993.64, in line with the growth in operating revenue[18] - The company experienced a decrease in financial expenses, which were ¥43,018,198.40 in Q1 2021 compared to ¥26,206,895.68 in Q1 2020, indicating improved financial management[30] Inventory and Receivables - The accounts receivable increased to ¥441,017,784.94 from ¥421,533,443.19, showing a growth of approximately 4.6%[25] - The inventory decreased to ¥2,563,909.82 from ¥4,560,562.71, indicating a decline of about 43.7%[25] - The company maintained a stable level of receivables, with accounts receivable at $9.84 billion, unchanged from the previous period[43] - The company’s inventory remained steady at $856.24 million, indicating effective inventory management[43]