JSNE(SH:603693)2021-04-26 16:00Financial Performance - Operating revenue for Q1 2021 reached CNY 539,042,149.05, a growth of 22.78% year-on-year[17] - Net profit attributable to shareholders was CNY 199,150,010.52, reflecting a 6.31% increase from the same period last year[17] - The company reported a 119.10% increase in cash paid for the acquisition of fixed assets, totaling ¥566,231,666.54, indicating increased investment in construction projects[31] - Net profit for Q1 2021 reached RMB 233,406,536.73, compared to RMB 217,870,438.00 in Q1 2020, representing an increase of 7.1%[59] - The total comprehensive income for Q1 2021 was RMB 232,863,707.62, compared to RMB 218,204,654.26 in Q1 2020, showing a growth of 6.8%[59] - The company achieved a total profit of CNY 7,138.05 million in Q1 2021, down 35.4% from CNY 11,029.80 million in Q1 2020[66] Cash Flow and Liquidity - The company generated a net cash flow from operating activities of CNY 190,644,000.67, up by 4.53% year-on-year[17] - Cash received from operating activities increased by 224.39% to ¥9,097,528.11, reflecting higher interest income[31] - The net cash flow from financing activities increased by 395.45% to ¥424,383,478.02, driven by increased loan acquisition[31] - The net cash flow from operating activities for Q1 2021 was -6,335,015.28 CNY, compared to -5,870,064.97 CNY in Q1 2020, indicating a decline in operational cash flow[70] - The cash inflow from operating activities was significantly lower than the cash outflow, indicating potential challenges in maintaining operational liquidity[70] Assets and Liabilities - Total assets increased by 9.00% to CNY 12,223,782,097.58 compared to the end of the previous year[17] - Total liabilities amounted to ¥6,832,347,286.72, an increase from ¥6,055,563,244.85, which is a rise of about 12.8%[46] - Current assets increased to ¥3,189,479,250.41 as of March 31, 2021, up from ¥2,891,536,982.30 on December 31, 2020, representing a growth of approximately 10.3%[41] - Non-current assets totaled ¥9,034,302,847.17 as of March 31, 2021, compared to ¥8,322,597,365.79 at the end of 2020, indicating an increase of about 8.6%[44] - The company's cash and cash equivalents were ¥1,076,025,532.28 as of March 31, 2021, compared to ¥1,026,687,528.89 a year earlier, showing an increase of approximately 4.8%[41] Investment and R&D - R&D expenses amounted to ¥507,295.62, marking a significant investment in innovation[28] - The company plans to acquire a 40% stake in Datang Guoxin Binhai Offshore Wind Power Co., Ltd. from its controlling shareholder, Guoxin Group, through a share issuance[33] - Research and development expenses for Q1 2021 were RMB 507,295.62, reflecting ongoing investment in innovation[57] Shareholder Information - The number of shareholders at the end of the reporting period was 31,577[19] - The company's retained earnings rose to ¥986,811,396.98 from ¥787,661,386.46, indicating an increase of about 25.3%[46] - Total equity attributable to shareholders reached approximately ¥4.65 billion, remaining unchanged from the previous reporting period[77] Government Support and Taxation - The company received government subsidies amounting to CNY 4,710,831.70 during the reporting period[17] - The company's tax expenses rose by 36.27% to ¥35,566,801.39, as subsidiaries began paying corporate income tax after tax exemption periods ended[28] - The company's tax expenses for Q1 2021 were CNY 1,699.49 million, down from CNY 2,761.26 million in Q1 2020, indicating a reduction in tax liabilities[66] Operational Metrics - The total electricity generated by controlled renewable energy projects was 946 million kWh, an increase of 24.05% year-on-year[23] - The on-grid electricity volume reached 910 million kWh, marking a 24.79% increase compared to the previous year[23] - The company's installed capacity increased due to the commissioning of new wind power projects in December 2020[23]