JHT(SH:603199)2021-04-28 16:00Financial Performance - Operating revenue increased by 369.24% to CNY 100,654,908.69 compared to the same period last year[6] - Net profit attributable to shareholders increased by 164.76% to CNY 17,541,702.50 compared to the same period last year[6] - Basic earnings per share increased by 164.77% to CNY 0.1585 compared to the same period last year[6] - The weighted average return on equity increased by 3.69 percentage points to 1.41% compared to the same period last year[6] - The net profit for Q1 2021 was CNY 17,541,702.50, a turnaround from a net loss of CNY 27,087,180.45 in Q1 2020[36] - The company reported a total profit of CNY 24,353,539.71 for Q1 2021, contrasting with a total loss of CNY 35,631,010.26 in Q1 2020[35] Cash Flow and Liquidity - Net cash flow from operating activities improved by 86.23% to CNY -10,931,497.60 compared to the same period last year[6] - Cash received from operating activities was CNY 97.91 million, a 372.90% increase compared to CNY 20.70 million in the previous year[13] - Cash flow from operating activities in Q1 2021 was CNY 97,913,062.87, a substantial increase from CNY 20,704,786.51 in Q1 2020[39] - The net cash flow from operating activities was CNY 3,965,153.07, compared to a net outflow of CNY 66,992,495.75 in the same period last year, indicating a turnaround in cash generation[43] - The company’s cash and cash equivalents at the end of Q1 2021 stood at CNY 44,907,544.56, down from CNY 54,658,799.15 at the end of Q1 2020, indicating a decrease in liquidity[44] - The company experienced a net decrease in cash and cash equivalents of CNY 86,968,027.10 in Q1 2021, compared to a decrease of CNY 81,705,897.46 in Q1 2020, suggesting ongoing cash management challenges[44] Assets and Liabilities - Total assets decreased by 1.16% to CNY 1,418,205,309.79 compared to the end of the previous year[6] - Cash and cash equivalents decreased by 66.31% to CNY 51,641,030.30 due to the acquisition of 100% equity in a subsidiary[12] - The company's total assets amounted to approximately CNY 1.42 billion, a slight decrease from CNY 1.43 billion at the end of 2020[27] - The company's non-current assets totaled approximately CNY 960.77 million, up from CNY 860.38 million at the end of 2020, indicating growth in long-term investments[27] - Total liabilities decreased to CNY 206,065,430.56 from CNY 223,470,816.94, showing a reduction of about 7.8%[32] - Current liabilities decreased to CNY 147.51 million from CNY 180.12 million, showing an improvement in short-term financial obligations[27] Shareholder Information - The number of shareholders increased to 10,861, indicating a growing interest in the company[10] - The top shareholder, Anhui Jiuhua Mountain Cultural Tourism Group Co., Ltd., holds 32.63% of the shares[11] Operational Costs and Expenses - Operating costs amounted to CNY 59.11 million, reflecting a 35.95% increase from CNY 43.48 million in the same period last year, also influenced by the pandemic[13] - Sales expenses increased by 66.16% to CNY 5.66 million, primarily due to higher repair costs[13] - Management expenses rose by 37.10% to CNY 14.99 million, influenced by the addition of new subsidiaries and increased employee compensation[13] Future Outlook - In 2021, the company expects cumulative net profit to potentially increase compared to the same period last year due to the recovery of domestic tourism demand following the COVID-19 pandemic[22] - The company acknowledges the uncertainty in its profit forecasts due to the ongoing impact of the pandemic and advises investors to be cautious[22]