JCF(SZ:000420)2022-05-27 16:00Financial Performance - The company's revenue for Q1 2022 was ¥936,708,952.28, representing a 4.92% increase compared to ¥892,798,090.79 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥48,998,432.96, a decline of 254.66% from a profit of ¥31,681,174.94 in the previous year[4] - Total operating revenue for Q1 2022 was CNY 936.71 million, an increase of 4.9% compared to CNY 892.80 million in Q1 2021[22] - Net profit for Q1 2022 was a loss of CNY 49.03 million, compared to a profit of CNY 31.55 million in Q1 2021[23] - The weighted average return on equity was -1.67%, down from 1.00% in the previous year, indicating a decline in profitability[4] - The company’s earnings per share (EPS) for Q1 2022 was -0.0226, compared to 0.0146 in Q1 2021, indicating a decline in profitability[24] Cash Flow and Liquidity - The net cash flow from operating activities increased by 164.69% to ¥4,776,990.24, up from ¥1,804,775.78 in the same period last year[4] - Cash flow from operating activities showed a negative trend, indicating potential liquidity challenges moving forward[25] - Operating cash inflow for the current period was CNY 433,036,204.60, an increase from CNY 418,586,249.85 in the previous period[28] - Cash outflow for employee payments increased to CNY 129,044,350.73 from CNY 87,710,107.25[28] - Cash inflow from financing activities totaled CNY 1,049,618,000.00, compared to CNY 510,554,166.60 in the previous period[28] - Cash outflow for debt repayment was CNY 488,572,735.62, significantly higher than CNY 131,000,000.00 last year[29] - The net increase in cash and cash equivalents was CNY 96,079,174.93, reversing a decrease of CNY 78,368,760.48 in the previous period[29] - The ending balance of cash and cash equivalents reached CNY 165,158,349.84, up from CNY 100,280,725.34[29] - Cash received from tax refunds was CNY 20,646,411.65, a notable increase from CNY 4,512,455.01[27] - Cash received from other operating activities was CNY 6,276,827.10, compared to CNY 4,097,045.91 previously[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,931,478,277.09, an increase of 1.81% from ¥8,772,528,997.54 at the end of the previous year[4] - The total assets of Jilin Chemical Fiber Co., Ltd. reached approximately CNY 8.93 billion, an increase from CNY 8.77 billion at the beginning of the year, reflecting a growth of about 1.82%[16] - The company's total liabilities increased to CNY 6.02 billion in Q1 2022 from CNY 5.81 billion in Q1 2021, reflecting a growth of 3.6%[19] - The total equity attributable to shareholders decreased to CNY 2.91 billion in Q1 2022 from CNY 2.96 billion in Q1 2021, a decline of 1.7%[19] - The company experienced a 57.86% decrease in non-current liabilities due within one year, dropping to ¥19,364.27, reflecting a reduction in long-term borrowings due[10] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 60,590, with the largest shareholder holding 14.67% of the shares[11] - The company reported a total of 10 major shareholders, with the largest being Jilin Chemical Fiber Group Co., Ltd., holding 318,067,074 shares[14] Expenses and Investments - The company reported a significant increase in management expenses by 113.08% to ¥5,286.31, attributed to pandemic-related production losses and prevention expenditures[10] - Research and development expenses for Q1 2022 were CNY 1.23 million, slightly down from CNY 1.34 million in Q1 2021[22] - Long-term equity investments increased to CNY 200.22 million from CNY 182.38 million, marking an increase of approximately 9.76%[17] - The company's fixed assets decreased slightly to CNY 5.23 billion from CNY 5.25 billion, a decline of about 0.05%[17] Inventory and Receivables - Accounts receivable increased by 46.56% to ¥64,906.76, indicating a rise in sales or credit terms[8] - Accounts receivable rose to CNY 649.07 million from CNY 442.88 million, representing a significant increase of about 46.67%[17] - Inventory decreased to CNY 614.26 million from CNY 794.80 million, showing a reduction of approximately 22.66%[17] Future Plans and Measures - The company plans to proceed with a non-public offering of shares, which was approved by the China Securities Regulatory Commission on March 28, 2022[15] - The company implemented production reduction measures in response to the COVID-19 outbreak in early March 2022[15]