JEP(SZ:000875)2020-04-28 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥2,492,675,340.07, representing a 7.51% increase compared to ¥2,294,132,117.42 in the same period last year[10]. - Net profit attributable to shareholders was ¥263,439,783.62, a significant increase of 58.39% from ¥160,692,111.45 year-on-year[10]. - The net profit after deducting non-recurring gains and losses was ¥230,633,366.77, up 34.73% from ¥165,555,585.95 in the previous year[10]. - The basic earnings per share increased to ¥0.12, reflecting a growth of 71.43% compared to ¥0.07 in the same period last year[10]. - Operating income from non-operating activities increased by 82.22% year-on-year, amounting to 27.79 million yuan, mainly due to gains from the acquisition of a new energy company[24]. - The company reported a net profit of CNY 78,829,009.10, compared to a net loss of CNY 1,780,232.27 in the previous period, marking a significant turnaround[89]. - The company's total comprehensive income for the period was CNY 354,880,136.46, compared to CNY 239,486,582.49 in the previous period, representing an increase of approximately 48%[85]. Assets and Liabilities - The total assets at the end of the reporting period were ¥45,301,717,953.50, marking a 5.87% increase from ¥42,241,407,073.40 at the end of the previous year[10]. - Total liabilities reached CNY 34.15 billion as of March 31, 2020, compared to CNY 31.96 billion at the end of 2019, marking an increase of approximately 6.8%[63]. - The company's total assets amounted to 42,790,793,588.96 RMB, remaining stable compared to the previous period[106]. - Total liabilities amount to CNY 31,963,950,802.50, with current liabilities at CNY 12,824,034,985.91 and non-current liabilities at CNY 19,139,915,816.59[110]. - The company's total equity stands at CNY 10,826,842,786.46, with attributable equity to shareholders at CNY 7,567,897,033.81[110]. Cash Flow - The net cash flow from operating activities was ¥794,169,257.18, down 18.51% from ¥963,065,528.49 in the same period last year[10]. - Cash received from tax refunds decreased by 51% year-on-year, mainly due to a reduction in VAT refunds for new energy enterprises[24]. - Cash received from other operating activities decreased by 52% year-on-year, mainly due to a decrease in returned deposits and insurance claims[24]. - Cash inflow from financing activities totaled 4,412,989,393.84 RMB, up from 2,079,456,000.00 RMB in the previous period, representing an increase of 112.7%[103]. - The total cash and cash equivalents at the end of the period was 69,751,008.92 RMB, compared to 11,245,311.90 RMB at the end of the previous period, indicating a significant increase[103]. Shareholder Information - The total number of shareholders at the end of the reporting period was 176,049, with the largest shareholder holding 19.61% of the shares[10]. - The total equity attributable to shareholders decreased to CNY 6,127,029,893.44 in the first quarter of 2020[116]. Government Subsidies and Non-Recurring Gains - The company received government subsidies amounting to ¥7,307,048.16 during the reporting period, primarily from VAT refunds and local green electricity subsidies[10]. - The company reported a non-recurring gain of ¥26,192,379.48 from the acquisition of a new energy company during the reporting period[10]. Changes in Working Capital - Accounts receivable increased by 34% compared to the beginning of the period, mainly due to an increase in bill receipts from electricity revenue[24]. - Prepayments increased by 126% compared to the beginning of the period, primarily due to an increase in prepaid fuel costs[24]. - Long-term deferred expenses increased by 47% compared to the beginning of the period, mainly due to an increase in deferred land lease expenses[24]. - Accounts payable increased by 55% compared to the beginning of the period, primarily due to increased payable engineering costs for new energy projects[24].