JGBR(SZ:300421)2021-04-27 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥245,532,325.21, representing a 67.79% increase compared to ¥146,336,413.39 in the same period last year[7] - Net profit attributable to shareholders for Q1 2021 reached ¥33,508,380.17, a significant increase of 380.50% from ¥6,973,640.61 in the previous year[7] - The net profit after deducting non-recurring gains and losses was ¥25,355,985.59, up 408.98% from ¥4,981,697.02 year-on-year[7] - Basic earnings per share for Q1 2021 were ¥0.1353, a 369.79% increase from ¥0.0288 in the previous year[7] - The company reported a net profit of CNY 194,286,544.14, compared to CNY 156,739,301.39 in the previous year, marking an increase of approximately 23.9%[39] - The total comprehensive income for the period was CNY 33,508,380.17, compared to CNY 6,973,640.61 in the previous year, reflecting overall growth in financial health[47] Cash Flow - The net cash flow from operating activities was ¥28,781,737.93, showing a remarkable increase of 1,923.89% compared to ¥1,422,100.56 in the same quarter last year[7] - The net cash flow from operating activities for the first quarter was CNY 22,609,619.05, a significant increase from CNY 2,014,098.02 in the previous year, reflecting a growth of over 1000%[57] - Total cash inflow from operating activities reached CNY 248,664,078.86, compared to CNY 107,281,960.70 in the same period last year, indicating a year-over-year increase of approximately 132%[57] - The company reported a net cash outflow from investing activities of CNY -29,226,235.13, worsening from CNY -4,766,515.52 in the previous year[58] - Cash inflow from financing activities totaled CNY 73,901,100.00, down from CNY 170,000,000.00 in the prior year, representing a decrease of about 56.5%[55] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,477,647,629.91, a slight decrease of 0.75% from ¥1,488,849,291.80 at the end of the previous year[7] - The total liabilities decreased to CNY 328,466,572.98 from CNY 371,068,266.23, a reduction of about 11.4%[42] - Current liabilities decreased to CNY 288,803,975.06 from CNY 329,967,678.63 in the previous period, reflecting a reduction of approximately 12.5%[42] - The company's equity increased to CNY 1,150,796,430.44 from CNY 1,098,897,765.54, representing a growth of about 4.7%[42] Investments and Projects - The company completed the acquisition of 100% equity in Lixing Jinyan, expanding its asset scale and business scope[24] - The company has established a wholly-owned subsidiary in South Carolina, USA, to build a bearing steel ball production base[24] - The company is currently developing several key projects, including non-destructive testing technology for wind power steel balls and specialized steel ball processing for 5G communication[19] - The company is expanding its production capacity with a project aimed at producing 10 billion steel balls annually, with an investment of 5,000 million CNY[28] - The company has committed to a new project with an annual production capacity of 16,000 tons of precision tapered rollers, with an investment reduced from 27,000 million CNY to 15,800 million CNY[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,596[10] - The company reported non-recurring gains totaling ¥8,152,394.58, which included government subsidies and other income[8] Risks and Challenges - The company faces risks from macroeconomic fluctuations that could impact market demand and order volumes[21] - The ongoing COVID-19 pandemic poses uncertainties that may affect the company's production and operations[24]