JASIC(SZ:300193)2021-04-16 16:00Financial Performance - The company's revenue for Q1 2021 was CNY 303,596,900.73, representing a 114.59% increase compared to CNY 141,479,478.04 in the same period last year[8]. - Net profit attributable to shareholders was CNY 56,669,853.04, up 97.44% from CNY 28,702,752.11 year-on-year[8]. - The company achieved total operating revenue of CNY 303,596,900.73, a year-on-year increase of 114.59%[22]. - Operating profit reached CNY 66,195,368.52, up 73.09% compared to the same period last year[22]. - The net profit for Q1 2021 reached CNY 56,496,042, compared to CNY 28,569,576 in Q1 2020, marking an increase of 97.8%[44]. - The operating profit for the quarter was CNY 66,195,369, up from CNY 38,243,379 in the previous year, reflecting a growth of 73.3%[43]. - The company recorded a total profit of CNY 66,405,666 for the quarter, compared to CNY 33,653,738 in the same period last year, an increase of 97.4%[43]. Cash Flow - The net cash flow from operating activities reached CNY 35,397,574.30, a significant improvement of 367.73% compared to a negative cash flow of CNY 13,221,474.71 in the previous year[8]. - The net cash flow from operating activities for Q1 2021 was ¥35,397,574.30, a significant improvement compared to a net outflow of ¥13,221,474.71 in Q1 2020, indicating a turnaround in operational efficiency[50]. - Total cash inflow from operating activities was ¥278,799,187.32, up from ¥170,757,745.20 in the previous year, reflecting a growth of approximately 63.4%[50]. - The cash inflow from operating activities for the parent company was ¥234,292,056.31, an increase from ¥145,139,141.46 year-over-year, marking a growth of about 61.4%[52]. - The net cash flow from investment activities was -¥110,254,621.28, an improvement from -¥181,349,197.34 in the same period last year, showing a reduced cash burn in investments[50]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,792,221,990.72, reflecting a 3.54% increase from CNY 2,696,683,208.82 at the end of the previous year[8]. - The total assets of the company as of March 31, 2021, amounted to CNY 2,878,728,510.89, compared to CNY 2,790,658,991.62 at the end of 2020, indicating an increase of about 3.15%[40]. - The total liabilities increased to CNY 462,020,676.75 from CNY 438,634,428.02, reflecting a rise of approximately 5.3%[40]. - The company's total equity as of March 31, 2021, was CNY 2,416,707,834.14, up from CNY 2,352,024,563.60, marking an increase of around 2.75%[40]. - The cash and cash equivalents decreased to CNY 1,134,312,193.87 from CNY 1,220,644,870.48, a decline of about 7.1%[37]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,980[12]. - The top shareholder, Pan Lei, holds 13.15% of the shares, totaling 66,678,339 shares[12]. Operational Efficiency - Basic earnings per share increased to CNY 0.12, doubling from CNY 0.06 in the same quarter last year[8]. - The weighted average return on equity improved to 2.48%, up from 1.22% in the same period last year[8]. - The cash outflow for purchasing goods and services increased to ¥185,842,599.30 from ¥146,281,057.01, representing a rise of about 27.1%[50]. - The total operating costs for the quarter were CNY 250,296,850, compared to CNY 114,023,289 in the previous year, representing a growth of 119.0%[43]. Government Support - The company received government subsidies amounting to CNY 8,814,140.00, primarily related to business operations[9]. - The company reported a significant increase in other income, which rose by 136.89% to CNY 9,596,988.74, attributed to increased government subsidies[19]. Risks and Challenges - The company faced risks from ongoing pandemic impacts, commodity price fluctuations, and currency exchange rate volatility[24].