JINGU(SZ:002488)2021-04-28 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥460,678,351.80, a decrease of 8.03% compared to ¥500,883,991.53 in the same period last year[10] - Net profit attributable to shareholders was ¥62,219,707.30, a significant increase of 250.49% from a loss of ¥41,343,750.78 in the previous year[10] - The basic earnings per share for the quarter was ¥0.06, compared to a loss of ¥0.04 per share in the same period last year, marking a 250.00% increase[10] - The total profit for the current period was ¥88,968,656.57, compared to a total loss of ¥41,861,789.07 in the previous period[61] - The total comprehensive income attributable to the parent company's owners was ¥59,980,455.42, compared to a loss of ¥40,829,699.23 in the previous period[64] Cash Flow - The net cash flow from operating activities was -¥108,198,606.51, a drastic decline of 17,374.07% compared to -¥619,195.18 in the previous year[10] - The company reported a cash inflow from operating activities of ¥732,373,264.45, down from ¥804,501,578.41 in the previous period[72] - The cash flow from operating activities inflow totaled 323,359,681.15 CNY, down from 389,676,344.06 CNY in the previous period, indicating a decline in operational cash generation[79] - The net cash flow from financing activities was -56,971,956.32 CNY, compared to -17,587,720.83 CNY in the previous period, showing increased cash outflow for financing[78] - The net increase in cash and cash equivalents was -85,143,753.67 CNY, compared to -63,404,049.66 CNY in the previous period, indicating a worsening cash position[78] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,397,055,445.90, reflecting a 0.68% increase from ¥6,354,117,748.53 at the end of the previous year[10] - The total liabilities as of March 31, 2021, were approximately 2.58 billion yuan, slightly up from 2.57 billion yuan in the previous period[45] - Total liabilities increased to CNY 2,380,695,421.47 from CNY 2,213,127,572.92, an increase of approximately 7.57%[55] - Owner's equity totaled CNY 4,334,594,696.19, slightly down from CNY 4,346,924,834.92, a decrease of about 0.28%[55] Shareholder Information - The company reported a total of 43,755 common shareholders at the end of the reporting period[13] - Major shareholders include Sun Jinguo with 12.63% and Sun Fengfeng with 11.36% of shares, both of whom have pledged their shares[13] Business Development - The company's steel wheel business has shown continuous growth, with the Avatar commercial vehicle wheels starting to supply multiple domestic commercial vehicle manufacturers and undergoing road tests with international manufacturers like Daimler in the U.S.[25] - The company has successfully entered the new energy electric vehicle sector, becoming the standard wheel supplier for Wuling Hongguang MINI EV and securing a project with GAC Toyota for the new energy vehicle Levin[26] - The company plans to continue leveraging Avatar technology to expand into the passenger car market for new energy vehicles and capture market share from traditional aluminum wheels[26] Forecast and Projections - The forecast for net profit attributable to shareholders for the first half of 2021 is expected to be 80 million yuan, representing a significant increase of 301.35% compared to the previous year's loss of approximately 39.73 million yuan[28] - Basic earnings per share are projected to be 0.08 yuan, reflecting a growth of 300.00% compared to the previous year's loss of 0.04 yuan per share[28] Research and Development - Research and development expenses increased to CNY 8,552,671.70, compared to CNY 5,276,720.93, reflecting a growth of approximately 62.80%[58] - Research and development expenses increased to ¥7,711,045.34 from ¥5,276,720.93, reflecting a focus on innovation[65]