JCF(SZ:000420)2021-04-22 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥892,798,090.79, representing a 49.63% increase compared to ¥596,677,758.95 in the same period last year[8] - The net profit attributable to shareholders for Q1 2021 was ¥31,681,174.94, a significant increase of 104.66% from ¥15,479,976.97 in the previous year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥31,138,051.54, up 119.75% from ¥14,169,780.39 year-on-year[8] - The basic earnings per share for Q1 2021 was ¥0.0146, an increase of 84.81% compared to ¥0.0079 in the same period last year[8] - The weighted average return on equity for Q1 2021 was 1.00%, up from 0.51% in the previous year[8] - The company achieved a revenue of 892.80 million yuan in Q1, representing a year-on-year growth of 49.63%[18] - Net profit for the quarter was 31.68 million yuan, up 104.66% year-on-year, with a non-recurring net profit of 31.14 million yuan, increasing by 119.75%[18] - Basic earnings per share for Q1 2021 were CNY 0.0146, compared to CNY 0.0079 in the previous year, reflecting an increase of 85.7%[52] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,704,962,591.85, a slight increase of 0.19% from ¥8,688,283,108.42 at the end of the previous year[8] - The net assets attributable to shareholders at the end of the reporting period were ¥3,084,135,808.88, a decrease of 0.57% from ¥3,101,743,007.81 at the end of the previous year[8] - The company's total current assets amounted to approximately 2.41 billion yuan, compared to 2.37 billion yuan at the end of 2020[36] - Total assets increased to CNY 8,704,962,591.85 as of March 31, 2021, compared to CNY 8,688,283,108.42 at the end of 2020, reflecting a growth of approximately 0.19%[42] - Total liabilities rose to CNY 5,622,257,550.21, compared to CNY 5,576,125,475.94, indicating an increase of approximately 0.82%[40] - The company's equity attributable to shareholders decreased to CNY 3,084,135,808.88 from CNY 3,101,743,007.81, a decline of about 0.57%[42] - The total liabilities increased to CNY 5,467,079,746.39 from CNY 5,420,943,496.88, indicating a rise of 0.9%[48] Cash Flow - The net cash flow from operating activities for Q1 2021 was ¥1,804,775.78, down 13.31% from ¥2,081,760.89 in the same period last year[8] - Cash and cash equivalents decreased to CNY 803,717,020.57 from CNY 880,503,837.05, a decline of about 8.7%[43] - The cash flow from operating activities generated a net amount of CNY 1,804,775.78, a decrease from CNY 2,081,760.89 in the same quarter last year[61] - Cash inflow from financing activities totaled $510,554,166.60, down 37.8% from $821,870,829.00 in the previous period[66] - Net cash flow from financing activities was negative at -$60,290,210.35, compared to a positive $147,448,961.20 previously[66] Investments and Projects - The company has completed 100% of its investment in the 15,000-ton differentiated continuous filament project, with an investment of 73.85 million yuan[24] - The total amount of funds raised for investment projects was 650 million yuan, with 324.85 million yuan actually raised[26] - The company has repaid 179 million yuan of bank loans, achieving 100% progress in this area[24] Shareholder Information - The top ten shareholders held a combined 65.96% of the company's shares, with the largest shareholder holding 14.77%[11] Operational Metrics - The sales volume of long filaments increased by 27.11% year-on-year, while short fiber sales surged by 353.08%[18] - Total operating costs amounted to CNY 851,293,397.09, up from CNY 574,442,998.21, reflecting a year-over-year increase of 48.2%[48] Other Financial Metrics - Research and development expenses were CNY 1,337,933.84, slightly down from CNY 1,385,990.46, indicating a decrease of 3.5%[48] - Financial expenses rose to CNY 65,127,897.37 from CNY 58,664,661.27, an increase of 11.4%[48] - The company reported a decrease in interest income to CNY 231,401.28 from CNY 719,526.71, a decline of 67.8%[48]