JHCC(SZ:002484)2023-04-25 16:00Financial Performance - The company reported a net profit of CNY 10,503,536.73 after tax for the reporting period [5]. - Total operating revenue for the current period reached ¥1,182,598,365.60, representing a 20.49% increase compared to ¥981,488,756.60 in the same period last year [31]. - Net profit attributable to shareholders of the listed company was ¥154,383,125.06, up 31.35% from ¥117,538,922.33 year-on-year [31]. - The total profit for Q1 2023 was CNY 185,155,719.15, compared to CNY 136,036,542.57 in Q1 2022, representing an increase of approximately 36.1% [46]. - The net profit attributable to the parent company was CNY 154,383,125.06, up from CNY 117,538,922.33 in the same period last year, reflecting a growth of about 31.3% [46]. - The total comprehensive income for Q1 2023 was CNY 160,250,682.66, compared to CNY 92,436,660.63 in Q1 2022, indicating an increase of approximately 73.5% [46]. Assets and Liabilities - The total assets of Jianghai Capacitor Co., Ltd. reached CNY 6,828,037,443.90 at the end of the reporting period, an increase from CNY 6,608,454,319.83 at the beginning of the year, reflecting a growth of approximately 3.32% [20]. - The total current assets increased to CNY 4,150,817,719.45 from CNY 4,037,450,290.93, representing a growth of approximately 2.79% [20]. - Non-current assets totaled CNY 2,677,219,724.45, compared to CNY 2,571,004,028.90 at the beginning of the year, marking an increase of around 4.13% [20]. - The company's inventory stood at CNY 1,143,169,439.98, slightly down from CNY 1,153,356,779.88, indicating a decrease of about 0.88% [20]. - Accounts receivable increased by ¥113,755,865.15, a growth of 50.58%, primarily due to increased domestic sales collections by the company and its subsidiaries [34]. - Prepayments increased by ¥12,438,051.28, a growth of 36%, mainly due to prepayment of electricity fees by subsidiaries Inner Mongolia Haili and Fengxiang Haiyuan [34]. Cash Flow - The company's cash and cash equivalents amounted to CNY 825,114,852.08, up from CNY 775,537,979.32, indicating an increase of about 6.5% [20]. - Net cash flow from operating activities increased by 27.49% to ¥111,898,626.09, compared to ¥87,769,767.06 in the previous year [31]. - Cash flow from operating activities for Q1 2023 was CNY 111,898,626.09, an increase from CNY 87,769,767.06 in Q1 2022, representing a growth of approximately 27.4% [47]. - Cash inflow from operating activities totaled CNY 906,513,797.22, compared to CNY 767,101,782.21 in the previous year, reflecting an increase of about 18.2% [47]. - Cash outflow from operating activities was CNY 794,615,171.13, up from CNY 679,332,015.15 in Q1 2022, which is an increase of approximately 17.0% [47]. - Net cash flow from investing activities was CNY -94,831,446.89, an improvement from CNY -153,246,050.49 in the same period last year [48]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 18,535 [16]. - The largest shareholder, Yiwei Investment Co., Ltd., holds a 29.10% stake in the company, amounting to 245,021,000 shares [16]. - Shareholders' equity attributable to the listed company increased to ¥5,066,036,635.72, up 3.63% from ¥4,888,787,301.30 year-on-year [31]. Expenses - Operating costs for the current period were ¥1,005,966,815.13, compared to ¥848,419,572.50 in the previous year [23]. - Research and development expenses increased to ¥57,523,231.05, up from ¥47,348,323.08 in the same period last year [23]. - Financial expenses for Q1 2023 increased by ¥2,037,256.55, an increase of 73.69%, mainly due to increased exchange losses [34]. Other Financial Metrics - Basic earnings per share rose to ¥0.1836, reflecting a 29.75% increase from ¥0.1415 in the same period last year [31]. - The company reported a net profit margin improvement, with the net profit margin for the current period at approximately 13.06% compared to 11.97% in the previous year [31]. - The weighted average return on equity increased to 3.10%, up from 2.70% in the previous year [31]. - Other comprehensive income after tax net increased by ¥30,660,263.94, an increase of 123.46%, mainly due to changes in the fair value of Sun Yat-sen's stock [36].