JGGF(SZ:300510)2021-04-25 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥137,694,208.45, representing a 0.73% increase compared to ¥136,699,934.26 in the same period last year[7]. - Net profit attributable to shareholders was ¥1,893,512.15, a significant turnaround from a loss of ¥14,735,231.74 in the previous year, marking a 112.85% improvement[7]. - Basic and diluted earnings per share increased to ¥0.0023 from -¥0.0167, reflecting a 113.77% increase[7]. - The company achieved operating revenue of 137,694,208.45 yuan, an increase of 0.73% compared to the same period last year[22]. - Net profit attributable to shareholders reached 1,893,512.15 yuan, representing a growth of 112.85% year-on-year[22]. - Basic earnings per share increased to 0.0023 yuan, up 113.77% from the previous year[22]. - The company reported a net profit for the first quarter of CNY 1,132,470.22, a significant recovery from a net loss of CNY 15,265,077.76 in the same period last year[46]. - The operating profit increased to CNY 4,217,184.72, compared to an operating loss of CNY 13,548,895.25 in the previous year[46]. - The company achieved a profit before tax of CNY 4,197,133.06, recovering from a loss of CNY 13,440,628.68 in the same period last year[46]. Cash Flow and Investments - The net cash flow from operating activities improved by 41.81%, reaching -¥42,417,525.97 compared to -¥72,891,081.80 in the prior year[7]. - The company's cash and cash equivalents decreased by 44.18% to ¥302.67 million due to investments in joint ventures, repayment of bank loans, and operational expenses[19]. - The net cash flow from investing activities worsened by 327.14% to ¥-136.53 million, mainly due to investments in joint ventures[21]. - Operating cash inflow for the current period was CNY 203,135,531.20, compared to CNY 121,894,005.22 in the previous period, representing a 66.5% increase[54]. - The net cash flow from operating activities was CNY -42,417,525.97, an improvement from CNY -72,891,081.80 in the previous period[54]. - Cash outflow from investing activities totaled CNY 136,675,121.88, compared to CNY 122,157,458.81 in the previous period, indicating an 11.9% increase[54]. - Cash inflow from financing activities was CNY 35,000,000.00, up from CNY 9,922,160.00 in the previous period, marking a 253.5% increase[55]. - The ending cash and cash equivalents balance was CNY 267,084,513.49, down from CNY 171,986,314.52 in the previous period[55]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,115,597,930.11, down 2.97% from ¥3,211,076,441.89 at the end of the previous year[7]. - Total liabilities decreased to CNY 505,501,907.29 from CNY 602,112,889.29 in the previous period[42]. - Current liabilities totaled CNY 386,746,931.00, down from CNY 468,622,259.81[42]. - Non-current liabilities were CNY 118,754,976.29, compared to CNY 133,490,629.48 previously[42]. - The company's total equity was CNY 2,610,096,022.82, slightly up from CNY 2,608,963,552.60[39]. - Long-term equity investments stood at CNY 136,846,341.94, an increase from CNY 17,137,692.01[37]. - Accounts receivable amounted to CNY 226,250,603.19, down from CNY 229,443,281.37[39]. - The company reported an accumulated deficit of CNY -684,427,134.53, slightly improved from CNY -686,320,646.68[39]. Shareholder Information - The total number of shareholders at the end of the reporting period was 18,437[11]. - The largest shareholder, Luoyang Ancient Capital Asset Management Co., Ltd., held 27.27% of the shares, amounting to 225,995,715 shares[11]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[12]. Research and Development - Research and development expenses decreased by 30.09% to ¥8.18 million compared to the same period last year[20]. - The company plans to enhance R&D efforts focusing on environmental technology, information communication technology, control technology, and internet technology[24]. - The company reported research and development expenses were CNY 8,182,395.88, down from CNY 11,705,012.41 in the previous year, indicating a focus on cost management[46]. Tax and Financial Management - The company reported a 67.98% increase in income tax expenses to ¥3.06 million, driven by increased profits and reduced deductible temporary differences[21]. - The tax expenses for the quarter were CNY 3,064,662.84, compared to CNY 1,824,449.08 in the previous year, indicating higher profitability[46]. - The company reported a financial income of CNY 2,239,871.21, up from CNY 874,278.33 in the previous year, reflecting improved financial management[46]. - The company's financial expenses decreased by 105.26% to ¥-182,927.10, resulting from changes in the scope of consolidation and increased interest income[20]. Strategic Initiatives - The company aims to increase its market share in the national grid bidding process and expand sales in the Central Plains region[26]. - The company signed a strategic cooperation agreement with Jintai Travel, planning to procure approximately 600 million yuan worth of products over three years[28]. - The company is committed to improving its technological capabilities and expanding production capacity to enhance competitiveness in the smart grid and new energy sectors[27]. - The company is actively monitoring policy changes to adapt to the evolving market landscape in the smart grid and new energy industries[26].