JCF(SZ:000420)2023-04-28 16:00Financial Performance - The company's revenue for Q1 2023 was ¥741,218,928.59, a decrease of 20.87% compared to ¥936,708,952.28 in the same period last year[5] - Net profit attributable to shareholders was ¥12,077,686.08, representing a significant increase of 124.65% from a loss of ¥48,998,432.96 in the previous year[5] - Basic earnings per share improved to ¥0.0049, a 121.68% increase from a loss of ¥0.0226 per share in the previous year[5] - Total operating revenue for the current period was ¥741,218,928.59, a decrease of 20.9% from ¥936,708,952.28 in the previous period[18] - Operating profit turned positive at ¥2,099,167.92 compared to a loss of ¥52,407,475.30 in the previous period[19] - Net profit for the current period was ¥12,077,686.08, a significant recovery from a net loss of ¥49,027,510.44 in the previous period[19] - The company reported a total profit of ¥12,710,433.73, recovering from a total loss of ¥52,909,223.07 in the previous period[19] Cash Flow and Liquidity - The net cash flow from operating activities reached ¥40,810,632.29, up 754.32% from ¥4,776,990.24 in the same period last year[5] - Cash flow from operating activities increased to ¥40,810,632.29, compared to ¥4,776,990.24 in the previous period[20] - Cash and cash equivalents at the end of the period reached ¥611,726,589.20, up from ¥165,158,349.84 at the end of the previous period[22] - Investment activities resulted in a net cash outflow of ¥156,228,572.16, compared to a net outflow of ¥10,634,949.41 in the previous period[22] - Financing activities generated a net cash inflow of ¥370,200,898.77, compared to ¥102,170,707.73 in the previous period[22] Assets and Liabilities - Total assets increased by 2.57% to ¥10,784,843,952.35 from ¥10,514,182,350.70 at the end of the previous year[5] - The company's current assets reached CNY 2,676,746,240.66, up from CNY 2,366,206,296.63 at the start of the year, indicating a growth of approximately 13.06%[14] - The total liabilities increased to CNY 6,442,210,989.17 from CNY 6,183,627,073.60, reflecting a rise of about 4.18%[15] - The company's cash and cash equivalents stood at CNY 967,655,029.19, compared to CNY 894,574,783.98 at the beginning of the year, marking an increase of approximately 8.16%[14] - Accounts receivable decreased to CNY 656,312,770.58 from CNY 746,692,493.06, a decline of about 12.09%[14] - Short-term borrowings decreased slightly to CNY 1,906,150,000.00 from CNY 1,970,056,400.48, a reduction of about 3.25%[15] Inventory and Prepayments - The company reported a 40% increase in inventory, amounting to ¥636,105,521.87, due to increased raw materials and carbon fiber production[8] - The inventory level rose significantly to CNY 636,105,521.87 from CNY 455,877,777.40, representing an increase of approximately 39.5%[14] - The company reported a significant increase in prepayments, which rose by 38% to ¥213,458,281.94, reflecting higher advance payments for raw materials[8] Equity and Return on Investment - The weighted average return on equity improved to 0.28%, up from -1.67% in the previous year[5] - The total equity attributable to the parent company was CNY 4,342,632,963.18, showing a marginal increase from CNY 4,330,555,277.10[16] - The company reported a net loss of CNY 654,209,365.93 in retained earnings, slightly improved from a loss of CNY 666,287,052.01 at the beginning of the year[16] Strategic Initiatives - The company is actively engaged in expanding its market presence and developing new technologies, although specific figures were not disclosed in the report[12] - Other income from non-operating activities surged by 119,560% to ¥11,008,720.21, attributed to collaboration with upstream enterprises in developing high-performance carbon fiber[8] - The company experienced a 36% increase in long-term borrowings, totaling ¥1,052,300,000.00, indicating a strategy to secure additional financing[8]