JPT(SH:688025)2021-06-07 16:00Financial Performance - Operating revenue surged by 174.26% to CNY 255,930,633.81 year-on-year[12] - Net profit attributable to shareholders rose by 211.41% to CNY 21,740,752.31 compared to the same period last year[12] - Basic earnings per share increased by 200.00% to CNY 0.24 from CNY 0.08 in the same period last year[12] - The company reported a net profit excluding non-recurring gains and losses of CNY 18,012,519.50, a 470.28% increase year-on-year[12] - Total revenue for Q1 2021 reached $255.93 million, a significant increase from $93.32 million in Q1 2020, representing a growth of approximately 174.5%[49] - Operating profit for Q1 2021 was $23.34 million, compared to $8.28 million in Q1 2020, indicating an increase of about 182.5%[49] - Net profit for Q1 2021 was $21.61 million, up from $6.98 million in Q1 2020, reflecting a growth of approximately 210.5%[51] - Total profit for Q1 2021 was $23.23 million, compared to $7.22 million in Q1 2020, which is an increase of approximately 221.5%[51] 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 235.19% to RMB 287,358,357.04 as of March 31, 2021, compared to RMB 85,730,851.77 at the end of 2020[22] - Total assets as of March 31, 2021, amounted to 2,289,011,860.03, an increase from 2,163,626,653.95 as of December 31, 2020[34] - Total liabilities as of March 31, 2021, were 566,089,040.15, compared to 535,215,462.11 as of December 31, 2020, reflecting an increase of 5.4%[37] - Total liabilities increased to ¥651,740,925.70 from ¥548,233,716.34, representing a growth of approximately 18.9%[39] - Total current assets amounted to 1,793,469,075.03 RMB[70] - Total liabilities increased to 625,644,536.21 RMB, reflecting a rise in non-current liabilities[74] - The company's total assets reached 2,241,037,473.82 RMB[74] Cash Flow - The net cash flow from operating activities decreased by 36.57% to -CNY 97,777,178.85 compared to the previous 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 net cash flow from investing activities improved significantly to -73,393,577.54, a 70.02% increase from -244,805,738.87 in the same period last year[27] - The company’s cash flow from financing activities was negative at CNY -20,489,118.76, compared to a positive CNY 79,030,191.66 in the same quarter last year[62] - Cash inflow from operating activities reached CNY 274,388,153.35, compared to CNY 126,731,205.26 in the same quarter last year, reflecting a growth of approximately 116.5%[59] - Cash outflow for investing activities totaled CNY 271,159,798.47, a decrease from CNY 636,253,257.37 in the previous year, indicating a reduction of about 57.4%[62] Shareholder Information - The total number of shareholders at the end of the reporting period was 6,409[18] - The top shareholder, Huang Zhijia, holds 21.49% of the shares, totaling 19,853,220 shares[18] Research and Development - R&D expenditure as a percentage of operating revenue decreased by 5.74 percentage points to 13.89%[12] - Research and development expenses increased by 94.12% to RMB 35,550,137.41 in Q1 2021, up from RMB 18,313,911.60 in Q1 2020[24] - Research and development expenses for Q1 2021 were $35.55 million, up from $18.31 million in Q1 2020, representing an increase of approximately 94.5%[49] Other Financial Metrics - The weighted average return on equity increased by 0.9 percentage points to 1.34%[12] - The company reported a significant increase in other income, which rose by 35.32% to 3,965,482.15, primarily due to increased government subsidies[27] - The company experienced a tax expense of $1.62 million in Q1 2021, compared to $0.24 million in Q1 2020, reflecting an increase of about 576.5%[51] - Other comprehensive income after tax for Q1 2021 was $221,997.61, down from $468,516.31 in Q1 2020, indicating a decrease of approximately 52.7%[51]