JZP(SH:900952)2021-04-28 16:00Financial Performance - Operating revenue for the reporting period was CNY 1,517,278,990.36, an increase of 24.80% year-on-year[5] - Net profit attributable to shareholders was CNY 16,756,852.18, a decrease of 66.27% compared to the same period last year[5] - Basic earnings per share for the reporting period were CNY 0.0257198, an increase of 8.04% compared to the previous year[5] - The company reported a net profit of CNY 51,498,444.51, an increase of 8.04% year-on-year[5] - The total comprehensive income attributable to the parent company was CNY 47,968,803.78, compared to CNY 43,967,909.95 in Q1 2020, reflecting an increase of 9.1%[30] - Net profit for Q1 2021 was ¥50,053,320.84, compared to ¥48,773,410.28 in Q1 2020, indicating a growth of 2.6%[26] - The total profit for the quarter was CNY 56,315,229.30, compared to CNY 40,092,051.26 in the same period last year, marking a growth of 40.4%[29] Cash Flow - Cash flow from operating activities was CNY 29,756,618.99, down 84.35% year-on-year[5] - The cash flow from operating activities was CNY 29,756,618.99, a significant decrease from CNY 190,156,665.82 in Q1 2020[33] - The total cash outflow for operating activities was CNY 1,726,057,714.52, compared to CNY 1,341,513,322.85 in the previous year, indicating a significant increase in operational expenses[35] - Cash inflow from financing activities amounted to CNY 1,617,360,000.00, with cash outflow totaling CNY 2,249,570,271.07, leading to a net cash flow of -CNY 632,210,271.07[34] - The cash inflow from investment activities decreased to CNY 28,978,899.54 in Q1 2021 from CNY 54,425,315.73 in Q1 2020[35] Assets and Liabilities - Total assets at the end of the reporting period were CNY 18,074,190,160.63, a decrease of 1.13% compared to the end of the previous year[5] - The company's total liabilities as of March 31, 2021, were RMB 11.44 billion, down from RMB 11.69 billion at the end of 2020[19] - Total liabilities reached ¥11,693,155,820.86, reflecting an increase of ¥72,171,981.19 from the last reporting period[39] - The company's equity attributable to shareholders increased to RMB 6.53 billion from RMB 6.48 billion, reflecting a growth of approximately 0.3%[19] - The company's total assets as of March 31, 2021, amounted to ¥17,472,811,989.89, slightly down from ¥17,548,748,896.07 at the end of 2020[23] Shareholder Information - The number of shareholders at the end of the reporting period was 93,311[7] - The top shareholder, Dalian Port Investment Holding Group Co., Ltd., held 382,110,546 shares, accounting for 19.08% of total shares[8] Investment Plans - The company plans to transfer 30.77% equity in Baolai Chemical for ¥206,806.61 million, with ¥76,806.61 million received to date[11] - The company intends to non-publicly issue up to 500,000,000 A-shares, aiming to raise no more than ¥162,000 million, pending shareholder and regulatory approvals[12] - The company will increase its investment in Zhongsi Jinguang by converting ¥29,400,000 of debt into equity, maintaining a 49% stake post-transaction[12] - The company plans to increase its investment in Jin Guo Tou (Jinzhou) Petrochemical Co., Ltd. by contributing RMB 500 million, resulting in a 25% equity stake after the capital increase, raising the registered capital to RMB 2 billion[13] - The company intends to invest RMB 500 million in Chifeng Qihui Aluminum Industry Development Co., Ltd., which will increase its registered capital to RMB 2.5 billion, giving the company a 20% equity stake[14] Inventory and Receivables - Accounts receivable decreased by 51.25% to ¥299,754,505.02 from ¥614,887,855.52 primarily due to the collection of trade receivables[9] - Inventory increased significantly by 4,273.16% to ¥407,915,195.65 from ¥9,327,694.58, indicating unsold trade inventory[9] Financial Ratios - The weighted average return on equity increased by 0.04 percentage points to 0.79%[5] - The company reported a gross profit margin of approximately 2.4% for Q1 2021, compared to 5.3% in Q1 2020[26] Financial Stability - The company has maintained a stable financial position with no significant changes in equity components[43] - The implementation of new leasing standards starting in 2021 has been noted, which may affect future financial reporting and cash flow[36]