JAHB(SH:603822)2020-04-26 16:00Financial Performance - Operating revenue rose by 58.56% to CNY 329,795,818.72 year-on-year[5] - Net profit attributable to shareholders increased by 29.11% to CNY 6,309,602.61 compared to the same period last year[5] - The company reported a net profit of CNY 6,466,647.27 for the period, up 24.88% year-on-year[5] - Basic earnings per share increased by 24.93% to CNY 0.0882[5] - Operating profit for Q1 2020 was CNY 3,586,532.79, down 20.1% from CNY 4,489,130.42 in Q1 2019[27] - Net profit for Q1 2020 was CNY 6,630,555.11, an increase of 17.9% compared to CNY 5,622,270.35 in Q1 2019[27] - The company’s total comprehensive income for Q1 2020 was CNY 6,630,555.11, compared to CNY 5,622,270.35 in Q1 2019[27] Assets and Liabilities - Total assets increased by 9.96% to CNY 1,719,093,596.33 compared to the end of the previous year[5] - Current assets totaled ¥809,198,079.77 as of March 31, 2020, an increase of 17.7% from ¥687,592,528.88 on December 31, 2019[20] - Total liabilities reached ¥899,888,714.06, reflecting an increase of 19.8% from ¥750,782,392.51[21] - Total assets amounted to ¥1,563,353,342.24, with non-current assets totaling ¥875,760,813.36[36] - Current liabilities reached ¥490,371,087.07, while total liabilities were ¥750,782,392.51[37] - The company reported a total of ¥395,783,251.44 in undistributed profits, indicating retained earnings[37] Cash Flow - Cash flow from operating activities showed a significant decline of 255.70%, resulting in a net cash outflow of CNY -66,880,734.14[5] - The company reported a net cash outflow from operating activities of CNY -66,880,734.14, a decrease of 255.70% compared to CNY 42,954,028.75 in the previous year, mainly due to increased receivables and procurement expenditures[15] - The net cash flow from operating activities for Q1 2020 was -¥66.88 million, compared to a positive cash flow of ¥42.95 million in Q1 2019, indicating a decline in operational efficiency[32] - The company’s cash flow from financing activities increased by 307.97% to CNY 128,970,341.41, primarily due to an increase in borrowed funds[15] - The company reported a total cash inflow from financing activities of ¥254.76 million in Q1 2020, a substantial increase from ¥24.30 million in Q1 2019, reflecting a growth of over 950%[32] - The net cash flow from financing activities was ¥128.97 million in Q1 2020, compared to a negative cash flow of -¥62.02 million in Q1 2019, showing a turnaround in financing operations[34] Shareholder Information - The number of shareholders reached 9,565 by the end of the reporting period[10] - The largest shareholder, Tongxiang Shunchang Investment Co., Ltd., holds 12,880,000 shares, accounting for 17.56% of total shares[10] - The company's equity increased to ¥819,204,882.27, up from ¥812,570,949.73, indicating a slight growth of 0.8%[22] Research and Development - Research and development expenses increased by 139.11% to CNY 9,254,325.25, reflecting the company's efforts to enhance market competitiveness[14] - Research and development expenses increased to CNY 9,254,325.25 in Q1 2020, a 139.5% rise from CNY 3,870,344.51 in Q1 2019[26] Investment and Financing Activities - The company’s investment income showed a 100% improvement, moving from a loss of CNY -8,519.84 to a positive contribution, indicating reduced investment losses[14] - The company has received approval from the China Securities Regulatory Commission for the public issuance of convertible bonds, with a total of 5,111 shares converted by the end of Q1 2020[15] - The company plans to initiate the public offering of A-shares once the impact of the pandemic is assessed, following the approval received in 2019[16] - The company has ongoing investments in fixed assets totaling ¥352,423,322.60, slightly down from ¥361,609,036.61[20] Accounts Receivable and Payable - Accounts receivable increased by 136.46% to CNY 86,743,345.58, attributed to the expansion of business scale and an increase in receivables not yet due for settlement[13] - Accounts receivable rose to ¥86,743,345.58, a significant increase of 136.5% from ¥36,684,783.65[20] - The company reported a decrease in accounts payable to ¥63,151,994.55, down 6.7% from ¥67,431,214.82[21]