JTGROUP(SH:601609)2024-04-26 07:41Financial Performance - The company's operating revenue for Q1 2024 was ¥24,830,029,481.69, representing a year-on-year increase of 3.40%[6] - The net profit attributable to shareholders for Q1 2024 was ¥108,845,675.36, reflecting a significant increase of 28.91% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥111,508,106.39, showing a remarkable increase of 658.58% year-on-year[6] - The basic earnings per share for Q1 2024 was ¥0.07, which is an increase of 16.67% compared to the previous year[9] - The total net profit attributable to shareholders of the parent company reached CNY 108,845,675.36, an increase from CNY 84,437,198.57 in the previous year, representing a growth of approximately 28.9%[48] - The comprehensive income attributable to the parent company's owners was CNY 105,995,354.49, slightly down from CNY 109,111,616.82 year-over-year[51] - Basic and diluted earnings per share were both CNY 0.07, compared to CNY 0.06 in the same period last year, indicating a 16.7% increase[51] - In Q1 2024, the company reported a net profit of ¥192,792,441.64, a significant recovery from a net loss of ¥16,438,101.74 in Q1 2023[71] - Operating profit for Q1 2024 was ¥191,885,531.25, compared to an operating loss of ¥17,144,240.77 in the same period last year[71] Cash Flow and Liquidity - The net cash flow from operating activities was -¥3,234,901,155.55, indicating a non-applicable change[9] - Cash inflows from operating activities totaled CNY 25,926,211,022.94, up from CNY 24,744,296,229.63, reflecting a growth of about 4.8%[53] - The net cash outflow from operating activities was CNY -3,234,901,155.55, an improvement from CNY -4,118,529,591.22 in the previous year[56] - Cash flow from investing activities showed a net outflow of CNY -673,546,934.73, compared to CNY -346,148,107.35 in the same quarter last year[56] - Cash flow from financing activities resulted in a net inflow of CNY 4,280,726,465.53, slightly up from CNY 4,260,444,558.81 year-over-year[56] - The total cash and cash equivalents at the end of the period amounted to CNY 608,887,418.12, compared to CNY 352,587,627.10 at the end of the previous year[56] - The company's cash and cash equivalents increased to ¥79,171,752.97 from ¥56,638,305.71, showing a growth of about 39.7%[66] - The company’s cash and cash equivalents at the end of Q1 2024 amounted to ¥74,570,868.98, a decrease from ¥76,386,871.33 at the end of Q1 2023[77] Assets and Liabilities - The total assets at the end of Q1 2024 amounted to ¥25,931,750,627.65, marking an 18.78% increase from the end of the previous year[9] - Total assets increased to CNY 25.93 billion as of March 31, 2024, up from CNY 21.83 billion at the end of 2023, representing a growth of approximately 18.5%[40] - The company's total liabilities increased to CNY 17.34 billion as of March 31, 2024, compared to CNY 13.35 billion at the end of 2023, reflecting a growth of approximately 30.0%[42] - The company's total liabilities increased to ¥8,986,886,487.83, up from ¥6,787,631,173.49, reflecting a rise of approximately 32.5%[60] - Long-term borrowings surged to CNY 5.28 billion as of March 31, 2024, compared to CNY 2.79 billion at the end of 2023, indicating an increase of approximately 89.4%[42] - The company's short-term borrowings surged to ¥1,534,065,355.99, compared to ¥791,919,681.24, indicating an increase of approximately 93.6%[60] Investments and Shareholder Actions - The company reported non-recurring gains of ¥24,376,597.63 from government subsidies closely related to its normal business operations[11] - The significant increase in net profit attributable to shareholders after deducting non-recurring gains and losses was primarily due to market expansion and improved cost control[12] - The company approved a share repurchase plan with a total fund of no less than RMB 100 million and no more than RMB 200 million, with a maximum repurchase price of RMB 8.64 per share[32] - As of March 31, 2024, the company has repurchased 942,600 shares, accounting for 0.06% of the total share capital, with a total expenditure of RMB 5,517,954[32] - The company issued a total of 15 million convertible bonds, raising a total of RMB 150 million, with a maturity of 6 years from March 22, 2021, to March 21, 2027[25] - As of March 31, 2024, a total of RMB 133,000 of the "Jintian Convertible Bonds" have been converted into company shares, with RMB 1,499,867,000 remaining unconverted, accounting for 99.99113% of the total issuance[26] - The company issued 14.5 million "Jincopper Convertible Bonds" on July 28, 2023, raising RMB 145 million, with a maturity of 6 years from July 28, 2023, to July 27, 2029[27] - As of March 31, 2024, a total of RMB 42,000 of the "Jincopper Convertible Bonds" have been converted into company shares, with RMB 1,449,910,000 remaining unconverted, accounting for 99.99379% of the total issuance[27] Operational Metrics - Total operating costs increased to CNY 24.66 billion in Q1 2024, compared to CNY 23.95 billion in Q1 2023, an increase of about 3.0%[46] - The company reported a net loss from investments of CNY 7.38 million in Q1 2024, a significant decline from a profit of CNY 44.53 million in Q1 2023[46] - Research and development expenses for Q1 2024 were CNY 114.08 million, slightly up from CNY 110.31 million in Q1 2023, an increase of about 3.1%[46] - Research and development expenses for Q1 2024 were ¥42,061,128.86, slightly down from ¥45,326,667.21 in Q1 2023[70] - The company's inventory rose to ¥2,437,357,498.14, compared to ¥1,915,147,861.29, reflecting an increase of approximately 27.3%[66] - Inventory levels rose to CNY 5.67 billion, compared to CNY 5.16 billion in December 2023, representing an increase of approximately 9.8%[40] - The company’s cash outflow for purchasing goods and services was ¥7,272,931,525.66 in Q1 2024, up from ¥6,791,029,320.57 in Q1 2023[74] - The company received ¥68,811,496.16 in tax refunds during Q1 2024, compared to ¥48,170,138.52 in Q1 2023[74]