JAHB(SH:603822)2023-04-20 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 649,672,383.85, representing a year-on-year increase of 25.75%[5] - The net profit attributable to shareholders decreased by 63.72% to CNY 10,194,278.70 compared to the same period last year[5] - The basic earnings per share (EPS) was CNY 0.1317, down 65.61% year-on-year[6] - Net profit for Q1 2023 was ¥10,692,881.22, a decrease of 62.6% compared to ¥28,586,410.35 in Q1 2022[19] - The company reported a total profit of ¥6,931,114.23 for Q1 2023, significantly lower than ¥28,389,833.01 in the previous year[19] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,701,676,109.27, an increase of 24.26% from the end of the previous year[6] - The company's current assets reached RMB 1,860,216,976.51, up from RMB 1,283,476,070.06 at the end of 2022, indicating a significant growth in liquidity[13] - The total liabilities increased to RMB 2,308,442,123.55 from RMB 1,897,661,139.44, showing a rise in the company's financial obligations[15] - The company's equity attributable to shareholders rose to RMB 1,058,622,744.09, compared to RMB 1,046,842,703.76 at the end of 2022, indicating a slight increase in shareholder value[15] - Non-current assets totaled RMB 1,841,459,132.76, up from RMB 1,695,473,785.91, indicating growth in long-term investments[14] Cash Flow - The net cash flow from operating activities was CNY 9,822,907.97, with no applicable year-on-year comparison[5] - The net cash flow from operating activities improved to ¥9,822,907.97, compared to a negative cash flow of ¥21,699,621.44 in Q1 2022[22] - Cash and cash equivalents stood at RMB 731,178,565.85, compared to RMB 229,448,615.92 at the end of 2022, reflecting a substantial increase in cash reserves[13] - Cash and cash equivalents at the end of Q1 2023 totaled ¥714,412,340.32, an increase from ¥258,716,978.00 at the end of Q1 2022[23] Shareholder Information - The company had a total of 8,963 common shareholders at the end of the reporting period[9] - The largest shareholder, Tongxiang Shunchang Investment Co., Ltd., held 38.54% of the shares, amounting to 29,835,498 shares[9] Operational Highlights - The decline in net profit was primarily attributed to the decreased effectiveness of environmental plasticizers[7] - The company commenced the construction of the Lianyungang Jiaao Biological Aviation Project in January 2023, which is currently in the equipment installation and customization phase[11] Costs and Expenses - Total operating costs increased to ¥652,885,015.25, up 30.0% from ¥501,829,088.22 in the same period last year[18] - Research and development expenses decreased to ¥9,536,515.51 from ¥11,774,701.46, reflecting a 19.0% reduction year-over-year[18] Borrowings and Investments - The company raised ¥300,000,000.00 from new investments and secured ¥819,350,000.00 in borrowings during Q1 2023[23] - Short-term borrowings rose to RMB 1,337,526,928.67 from RMB 1,069,771,143.49, reflecting an increase in leverage[15] Other Financial Metrics - The weighted average return on equity decreased by 2.09 percentage points to 0.9688%[6] - The company reported non-recurring gains and losses totaling CNY 730,843.37 for the period[7] - The inventory level increased to RMB 702,607,293.92 from RMB 646,110,815.53, suggesting a growth in stock levels[13] - The accounts receivable increased to RMB 136,309,653.74 from RMB 126,954,418.59, indicating a rise in credit sales[13] - The company experienced a foreign exchange loss of ¥10,381,298.85 during the quarter[23]