JZP(SH:900952)2020-04-27 16:00Financial Performance - Net profit attributable to shareholders rose by 6.20% to CNY 47,667,266.63 year-on-year[7] - The company reported a net profit of CNY 49,682,389.03 after deducting non-recurring gains and losses, marking a 63.04% increase year-on-year[7] - Basic earnings per share increased by 6.20% to CNY 0.0238064[7] - Net profit for Q1 2020 reached CNY 48,773,410.28, an increase of 6.5% from CNY 45,720,073.63 in Q1 2019[23] - Operating profit for Q1 2020 was CNY 64,565,128.28, up 12.5% from CNY 57,606,761.96 in Q1 2019[22] - Earnings per share for Q1 2020 were CNY 0.024, compared to CNY 0.022 in Q1 2019, reflecting a 9.1% increase[23] - The net profit for Q1 2020 was CNY 31,267,523.15, a decrease of 11.5% compared to CNY 35,085,011.07 in Q1 2019[27] - The total comprehensive income for Q1 2020 was CNY 27,568,166.47, down from CNY 35,085,011.07 in the same period last year[27] Revenue and Costs - Operating revenue decreased by 12.29% to CNY 1,215,737,506.37 compared to the same period last year[7] - Total operating revenue for Q1 2020 was CNY 1,215,737,506.37, a decrease of 12.3% compared to CNY 1,386,100,676.04 in Q1 2019[22] - Total operating costs for Q1 2020 were CNY 1,151,305,314.71, down 14.5% from CNY 1,347,190,820.53 in Q1 2019[22] - The company reported a decrease in sales expenses to CNY 4,056,035.33 in Q1 2020 from CNY 4,909,435.78 in Q1 2019, a reduction of 17.3%[22] Cash Flow - Net cash flow from operating activities surged by 619.78% to CNY 190,156,665.82 compared to the previous year[7] - The net cash flow from operating activities increased significantly to CNY 190,156,665.82, compared to CNY 26,418,772.96 in Q1 2019[28] - The total cash outflow from operating activities was CNY 1,189,616,595.48, compared to CNY 1,416,041,768.58 in the same period last year[28] - The net cash flow from investing activities was CNY 17,355,825.03, a recovery from a negative CNY 81,712,240.70 in Q1 2019[29] - The net cash flow from financing activities was CNY 369,547,503.29, down from CNY 467,897,567.31 in the previous year[29] Assets and Liabilities - Total assets increased by 4.48% to CNY 18,130,796,603.77 compared to the end of the previous year[7] - Total liabilities increased by 36.30% to CNY 1,936,117,419.72 from CNY 1,420,432,944.65 at the beginning of the year[12] - Current assets totaled CNY 2,346,183,686.53, up from CNY 1,476,356,167.75, indicating an increase of about 58.66%[16] - Total liabilities as of Q1 2020 amounted to CNY 11,556,896,553.01, an increase from CNY 10,593,826,358.43 in the previous year[22] - The company's short-term borrowings stood at CNY 3,136,845,274.05, slightly up from CNY 3,105,713,007.08, showing an increase of approximately 1.00%[17] Shareholder Information - The number of shareholders reached 101,788 by the end of the reporting period[10] - The largest shareholder, Dalian Port Investment Holding Group, holds 19.08% of shares[10] Other Financial Metrics - The weighted average return on equity increased by 0.03 percentage points to 0.75%[7] - Other income increased by 83.08% to CNY 5,938,122.44 compared to CNY 3,243,453.38 in the previous year[12] - Financial expenses for Q1 2020 were CNY 131,111,230.67, compared to CNY 126,435,362.73 in Q1 2019, indicating a rise of 3.3%[22] - The company reported a decrease in other comprehensive income by CNY 3,699,356.68, primarily due to a reduction in equity instrument investments[12] Inventory and Receivables - Inventory rose significantly by 3,696.68% to CNY 297,501,204.27 from CNY 7,835,833.37, primarily due to increased trade inventory[12] - The accounts receivable decreased to CNY 329,751,504.93 from CNY 392,637,332.48, indicating a decline of about 16.01%[16] Corporate Actions - The company issued CNY 6 billion in medium-term notes, with the funds fully received[13] - The company received approval to issue corporate bonds totaling up to CNY 1.5 billion[12] - The company provided a guarantee of CNY 65.88 million for its wholly-owned subsidiary's financing lease[13] Changes in Accounting Standards - The company implemented new revenue and lease standards for the first time in 2020, affecting the financial statements from the beginning of the year[31] - There were no applicable adjustments for prior comparative data under the new revenue and lease standards[31] - The audit report is not applicable for this quarter[31]