JASIC(SZ:300193)2019-04-12 16:00Financial Performance - Total revenue for Q1 2019 was CNY 202,146,254.28, representing a 15.15% increase compared to CNY 175,547,037.97 in the same period last year[8]. - Net profit attributable to shareholders was CNY 29,584,430.88, up 28.50% from CNY 23,023,021.81 year-on-year[8]. - Net profit after deducting non-recurring gains and losses reached CNY 13,707,040.75, a significant increase of 122.39% compared to CNY 6,163,565.98 in the previous year[8]. - Basic earnings per share rose to CNY 0.06, a 20.00% increase from CNY 0.05 in the previous year[8]. - The company achieved total operating revenue of 202.1463 million yuan, an increase of 15.15% compared to the previous year, with net profit attributable to shareholders of 29.5844 million yuan, up 28.50% year-on-year[22]. - Net profit for Q1 2019 reached CNY 30,198,717.82, representing a growth of 25.5% from CNY 24,120,151.45 in Q1 2018[47]. - The gross profit margin for Q1 2019 was approximately 31.5%, compared to 28.5% in Q1 2018, reflecting improved cost management[46]. Cash Flow and Liquidity - Net cash flow from operating activities was CNY 24,747,299.89, marking a 274.62% increase from CNY 6,606,034.33 in the same period last year[8]. - Cash flow from operating activities reached a net amount of 24.7473 million yuan, a significant increase of 274.62% due to increased sales leading to higher cash inflows[21]. - The company reported a significant increase in cash inflow from sales of goods and services, totaling ¥195,059,181.78, compared to ¥185,056,277.71 in the previous period[53]. - The total cash and cash equivalents at the end of the period reached ¥1,021,044,808.49, up from ¥540,677,939.97 at the end of the previous period[55]. - The company reported a significant increase in cash inflow from investment activities, totaling 347,975,155.24 CNY compared to 12,779,967.35 CNY last year[58]. - The net cash flow from investment activities was 345,325,620.44 CNY, a significant increase compared to -295,476,983.65 CNY in the previous year[58]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,802,781,523.81, reflecting a 1.35% increase from CNY 2,765,493,157.86 at the end of the previous year[8]. - The company's total assets amounted to CNY 2,872,019,298.78, up from CNY 2,847,726,054.26 at the end of the previous quarter[45]. - The total liabilities increased to CNY 349,554,980.22 from CNY 335,900,975.75, marking an increase of about 4.1%[40]. - The total liabilities remained stable at 335,900,975.75 CNY, unchanged from the previous period[62]. - The total equity attributable to shareholders rose to CNY 2,438,260,249.49 from CNY 2,415,227,682.70, which is an increase of approximately 1.0%[41]. - The total equity attributable to shareholders was 2,415,227,682.70 CNY, reflecting a minor decrease from 2,419,716,239.86 CNY[62]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 30,188[11]. - The top shareholder, Xu Aiping, held 12.77% of the shares, totaling 64,748,006 shares[11]. - The company has repurchased a total of 8,366,706 shares, accounting for 1.65% of the total share capital, with a total payment of 59.7518 million yuan[26]. - The company plans to repurchase shares with a total amount not less than 200 million yuan and not exceeding 300 million yuan, with a maximum price of 10 yuan per share[25]. Research and Development - Research and development expenses rose to 13.6006 million yuan, reflecting a 42.72% increase driven by the growth in R&D projects and personnel[19]. - Research and development expenses for the quarter were CNY 13,600,577.90, up 43.1% from CNY 9,529,474.37 in the previous year, highlighting a focus on innovation[46]. Risk Management - The company faces risks related to interest rates, exchange rates, and rising raw material prices, which could impact profitability[24]. - The company has implemented measures to mitigate identified risks, ensuring they do not significantly affect operations[24]. Fundraising and Investments - The total amount of raised funds for the quarter is 140,076.19 million[30]. - The investment in the Shenzhen Pingshan inverter expansion project reached 25,667.00 million, achieving 98.32% of the planned investment[30]. - The investment in the Chengdu Jiasi welding and cutting equipment production base project is 5,716.00 million, achieving 89.08% of the planned investment[31]. - The company has permanently supplemented working capital with 108,000 million from raised funds, achieving 100% of the planned amount[30]. - The total investment in the marketing center and brand construction project is 5,400.00 million, with 85.86% of the planned investment achieved[31]. - The company has terminated the Chongqing internal combustion power generation welding machine project and transferred the remaining funds to the account for raised funds[31]. Compliance and Reporting - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[34]. - There were no violations regarding external guarantees during the reporting period[33]. - The company has not indicated any significant changes in net profit or potential losses for the upcoming reporting period[36]. - The company executed new financial accounting standards starting January 1, 2019, impacting the financial reporting[59].