JSNE(SH:603693)2019-04-29 16:00Financial Performance - Net profit attributable to shareholders was approximately ¥56.60 million, a decrease of 45.25% year-on-year [19]. - Operating revenue for the period was approximately ¥353.89 million, down 8.76% from the same period last year [19]. - Basic earnings per share decreased by 57.14% to ¥0.09 [12]. - The net profit attributable to shareholders of the listed company decreased by 45.25% to CNY 56,597,004.96 compared to CNY 103,380,130.39 in the same period last year [23]. - Net profit for Q1 2019 was ¥67,587,783.17, down 42% from ¥117,186,882.09 in Q1 2018 [46]. - Total comprehensive income for Q1 2019 was ¥67,188,540.75, down from ¥116,413,654.64 in Q1 2018 [46]. - The profit margin decreased to 19.1% in Q1 2019 from 30.2% in Q1 2018 [46]. - The company's earnings per share decreased by 57.14% to CNY 0.09 from CNY 0.21 in the same period last year [23]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥8.19 billion, a decrease of 0.12% compared to the end of the previous year [12]. - Total liabilities decreased from ¥3,278,872,646.76 to ¥3,201,845,009.16, a reduction of approximately 2.35% [36]. - Total equity increased from ¥4,919,152,947.57 to ¥4,986,341,488.32, reflecting a growth of about 1.37% [36]. - Cash and cash equivalents decreased from ¥1,220,716,713.52 to ¥1,176,295,870.55, a decline of around 3.63% [40]. - Total current assets decreased from ¥1,620,909,214.40 to ¥1,573,943,779.09, a decrease of approximately 2.89% [40]. - Non-current assets increased from ¥2,372,327,789.79 to ¥2,421,661,617.72, an increase of approximately 2.08% [40]. - The company's total liabilities and equity decreased from ¥8,198,025,594.33 to ¥8,188,186,497.48, a reduction of approximately 0.12% [36]. Cash Flow - Cash flow from operating activities was approximately ¥48.73 million, a decrease of 48.21% compared to the previous year [12]. - The net cash flow from operating activities dropped by 48.21% to CNY 48,733,639.70, primarily due to a decrease in electricity generation and an increase in taxes [23]. - Cash inflow from investment activities totaled ¥331,755,271.68, significantly higher than ¥57,359.51 in the previous year [57]. - Cash outflow for investment activities was ¥387,888,269.23, compared to ¥92,062,471.11 in the same period last year [57]. - Net cash flow from financing activities was -¥57,532,100.11, worsening from -¥19,009,372.59 year-over-year [59]. - The ending balance of cash and cash equivalents was ¥961,031,104.24, down from ¥1,026,520,259.89 at the beginning of the period [59]. - The net increase in cash and cash equivalents was -¥65,489,155.65, compared to -¥16,823,958.25 in the previous year [59]. Operational Highlights - The company’s wind and solar power generation decreased due to poor wind and light resources in Jiangsu, with total generation down 9.49% year-on-year [19]. - Total operating revenue for Q1 2019 was ¥353,892,026.03, a decrease of 9% compared to ¥387,867,988.66 in Q1 2018 [45]. - Total operating costs increased to ¥289,517,100.29, up 7% from ¥269,996,377.23 in the same period last year [45]. - Research and development expenses were ¥2,002,837.06, slightly down from ¥2,149,517.91 in Q1 2018 [45]. - The company experienced a 3% increase in management expenses to ¥18,096,646.63 from ¥15,729,848.88 in the previous year [45]. - Other income increased to ¥12,098,947.81, up from ¥8,833,624.63 in Q1 2018 [45]. Investment and Financial Management - The company reported a significant increase in investment cash inflow, reaching CNY 331,755,271.68, compared to CNY 57,359.51 in the previous year, indicating effective cash management [23]. - The company experienced a 100% increase in credit impairment losses, amounting to CNY 18,576,037.63, due to the implementation of new financial instrument standards [23]. - The cash paid for various taxes increased by 55.59% to CNY 21,923,524.40 compared to CNY 14,090,912.68 in the previous year [23].