JPT(SH:688025)2021-04-27 16:00Financial Performance - Operating revenue surged by 174.26% to CNY 255,930,633.81 year-on-year[12] - Net profit attributable to shareholders increased by 211.41% to CNY 21,740,752.31 compared to the same period last year[12] - Basic earnings per share rose by 200.00% to CNY 0.24 compared to the previous year[12] - The company reported a net profit of ¥174,371,748.90, up from ¥154,515,505.11, reflecting an increase of approximately 12.0%[45] - Total revenue for Q1 2021 reached approximately $255.93 million, a significant increase of 174.4% compared to $93.32 million in Q1 2020[49] - Operating profit for Q1 2021 was approximately $23.34 million, up from $8.28 million in Q1 2020, representing an increase of 182.5%[49] - Net profit for Q1 2021 was approximately $21.61 million, compared to $6.98 million in Q1 2020, reflecting a growth of 210.5%[51] Cash Flow - The net cash flow from operating activities was negative at CNY -97,777,178.85, worsening by 36.57% year-on-year[12] - The net cash flow from operating activities for Q1 2021 was -97,777,178.85, a decrease of 36.57% compared to -71,592,552.18 in Q1 2020[27] - The total cash inflow from operating activities was 274,388,153.35 RMB, significantly higher than 126,731,205.26 RMB in the same period last year, reflecting a 116.5% increase[59] - The company experienced a cash outflow of 372,165,332.20 RMB from operating activities, up from 198,323,757.44 RMB in Q1 2020, representing an increase of 87.5%[62] - Investment activities resulted in a net cash flow of -73,393,577.54 RMB, an improvement from -244,805,738.87 RMB in the previous year[62] - Net cash flow from financing activities was $80 million, with cash outflows totaling $20.49 million, resulting in a net cash flow of -$20.49 million[68] Assets and Liabilities - Total assets increased by 4.68% to CNY 2,264,840,815.73 compared to the end of the previous year[12] - The company's fixed assets increased by RMB 201,627,505.27, a 235.19% rise from RMB 85,730,851.77 as of December 31, 2020[22] - Total liabilities as of March 31, 2021, were 541,917,995.85, slightly up from 535,215,462.11 at the end of 2020[37] - Total liabilities increased to ¥627,569,881.40 from ¥548,233,716.34, representing a growth of approximately 14.5%[39] - Total current assets amounted to approximately $1.79 billion, while total non-current assets reached about $370.16 million[70] - The total liabilities increased to approximately $625.64 million, with current liabilities totaling $535.22 million[74] Shareholder Information - The total number of shareholders at the end of the reporting period was 6,409[18] - The largest shareholder, Huang Zhijia, holds 21.49% of the shares, totaling 19,853,220 shares[18] Research and Development - R&D investment as a percentage of operating revenue decreased by 5.74 percentage points to 13.89%[12] - Research and development expenses rose to RMB 35,550,137.41 in Q1 2021, a 94.12% increase from RMB 18,313,911.60 in Q1 2020[24] Other Income and Expenses - The company reported a government subsidy of CNY 2,139,660.92, which is included in non-operating income[14] - The company reported a significant increase in other income, which rose by 35.32% to 3,965,482.15 due to increased government subsidies[27] - Other income for Q1 2021 was approximately $3.97 million, compared to $2.93 million in Q1 2020, reflecting a growth of 35.6%[49] Inventory and Receivables - Accounts receivable decreased by RMB 7,874,003.64, a 57.60% decline from RMB 13,671,019.34 as of December 31, 2020[22] - Inventory increased to 583,353,214.64 from 471,795,110.63 at the end of 2020, indicating a growth of 23.63%[34] - Inventory decreased to ¥207,442,798.38 from ¥455,189,698.11, a reduction of about 54.4%[43] Financial Standards and Regulations - The company executed the new leasing standards starting January 1, 2021, with no significant impact on financial status or cash flow[76] - The company has implemented new leasing standards effective from January 1, 2021, which will not significantly impact financial results[81]