JCT(SH:603657)2019-04-25 16:00Financial Performance - Operating income for the period was ¥106,547,173.88, representing a growth of 24.11% year-on-year[6] - Net profit attributable to shareholders was ¥15,429,346.47, up 47.39% from the same period last year[6] - Basic earnings per share rose to ¥0.16, reflecting a 6.67% increase from the previous year[6] - The company's diluted earnings per share also stood at ¥0.16, consistent with the basic earnings per share[6] - The operating profit for Q1 2019 reached CNY 18,115,765.06, representing a 43.5% increase from CNY 12,647,655.07 in Q1 2018[25] - Net profit for Q1 2019 was CNY 15,015,240.35, compared to CNY 10,829,000.54 in Q1 2018, marking a growth of 38.8%[25] - The net profit for Q1 2019 reached ¥13,288,632.52, representing a growth of 24.5% from ¥10,640,882.77 in Q1 2018[30] - The company's total profit for Q1 2019 was ¥15,416,638.53, an increase from ¥12,596,605.88 in Q1 2018[29] Cash Flow - Cash flow from operating activities increased significantly to ¥50,979,189.89, a rise of 204.62% compared to the previous year[6] - The cash inflow from operating activities in Q1 2019 was ¥146,412,573.38, an increase from ¥116,840,264.59 in Q1 2018[31] - The total cash inflow from operating activities was CNY 125,019,593.58, compared to CNY 99,803,114.49 in Q1 2018, marking an increase of about 25.3%[33] - The company reported a net increase in cash and cash equivalents of CNY 26,007,380.83 for Q1 2019, compared to CNY 15,616,378.91 in Q1 2018, indicating a year-over-year growth of approximately 66%[34] - Cash received from investment increased by 2759.11% to ¥57,182,100.00 due to the maturity of financial products[14] - The company received CNY 57,182,100.00 from investment recoveries in Q1 2019, a notable increase from CNY 0 in the same period last year[33] Assets and Liabilities - Total assets at the end of the reporting period reached ¥968,378,973.91, an increase of 0.99% compared to the end of the previous year[6] - Total assets as of March 31, 2019, amounted to ¥968,378,973.91, a slight increase from ¥958,857,974.26 at the end of 2018[19] - Total liabilities increased to CNY 80,597,940.61 from CNY 73,268,463.18, representing a rise of 10.1%[23] - Total liabilities reached ¥117,748,999.56, with current liabilities at ¥112,719,686.66 and non-current liabilities at ¥5,029,312.90[38] - Shareholders' equity rose to CNY 834,711,692.93, compared to CNY 821,423,060.41 at the end of 2018, an increase of 1.1%[23] - Total equity amounted to $821,423,060.41, reflecting the company's financial stability[43] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,477[10] - The largest shareholder, Zhejiang Chunguang Holding Co., Ltd., holds 45,000,000 shares, accounting for 46.88% of total shares[10] Expenses - Sales expenses increased by 88.32% to ¥3,901,200.84 due to higher transportation costs[13] - Financial expenses decreased by 40.79% to ¥2,036,271.72 due to increased interest income[13] - The company's research and development expenses for Q1 2019 were ¥2,590,635.60, a decrease from ¥3,056,219.48 in Q1 2018[29] - The financial expenses for Q1 2019 were ¥2,011,971.60, down from ¥3,592,339.42 in Q1 2018[29] Inventory and Prepayments - Inventory rose by 31.12% to ¥52,239,296.05 due to increased sales stocking[13] - Prepayments increased by 183.69% to ¥4,004,411.07 due to higher advance payments for goods[13] - Inventory increased to CNY 31,599,995.09, up from CNY 25,748,725.04, reflecting a growth of 22.7%[22] Financial Standards - The company has implemented new financial accounting standards effective January 1, 2019, impacting financial instruments recognition and measurement[39] - The company has implemented new financial accounting standards effective January 1, 2019, which may impact future financial reporting[43]