JAHB(SH:603822)2024-04-26 08:38Financial Performance - The company's operating revenue for Q1 2024 was ¥499,993,933.92, representing a decrease of 23.04% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥32,646,442.01, indicating a shift from profit to loss due to the sluggish market for plasticizers and biodiesel[8]. - Total operating revenue for Q1 2024 was approximately ¥500 million, a decrease of 23% compared to ¥650 million in Q1 2023[17]. - Net profit for Q1 2024 was a loss of approximately ¥32.5 million, compared to a profit of ¥10.7 million in Q1 2023, representing a significant decline[18]. - The total profit margin for Q1 2024 was negative, with a total profit of approximately -¥47.6 million compared to a profit of ¥6.9 million in Q1 2023[18]. - The basic earnings per share for the period was -0.4231 yuan, marking a transition from positive to negative earnings[8]. - The basic and diluted earnings per share for Q1 2024 were both -¥0.4231, compared to ¥0.1317 in Q1 2023, indicating a negative shift in profitability[19]. Cash Flow and Assets - The net cash flow from operating activities was ¥248,087,459.91, an increase of 2,425.60% attributed to timely accounts receivable collection and reduced inventory[8]. - The company reported a net cash flow from operating activities of approximately ¥248 million in Q1 2024, a substantial increase from approximately ¥9.8 million in Q1 2023[20]. - Cash and cash equivalents at the end of Q1 2024 totaled approximately ¥622 million, down from ¥714 million at the end of Q1 2023[21]. - The company's cash and cash equivalents amounted to RMB 622,195,179.49, significantly higher than RMB 160,610,892.32 at the end of 2023, marking an increase of about 287.5%[13]. - The company's current assets totaled RMB 1,403,679,431.58, up from RMB 1,007,188,270.57, indicating a rise of about 39.3%[14]. - The total accounts receivable increased to RMB 119,215,352.15 from RMB 102,949,825.70, reflecting a growth of about 15.7%[13]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,298,754,546.99, reflecting a 21.44% increase from the end of the previous year[6]. - As of March 31, 2024, the total assets of the company reached RMB 4,298,754,546.99, an increase from RMB 3,539,873,436.91 as of December 31, 2023, representing a growth of approximately 21.5%[14]. - The total liabilities increased to RMB 2,657,317,926.59 from RMB 2,156,435,552.19, reflecting a growth of approximately 23.2%[15]. - The company reported a total equity of RMB 1,641,436,620.40, up from RMB 1,383,437,884.72, which is an increase of about 18.6%[15]. - The short-term borrowings rose to RMB 1,684,612,249.34 from RMB 1,273,516,730.12, indicating an increase of approximately 32.3%[15]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,165[10]. - The largest shareholder, Tongxiang Shunchang Investment Co., Ltd., held 38.6% of the shares, with 21.7% of its shares pledged[10]. Strategic Initiatives - The company is focusing on improving cash flow management and reducing inventory levels to enhance operational efficiency[8]. - The company plans to officially launch the Lianyungang Jiaao Bio-aviation Fuel Project within the year, which commenced construction in January 2023[12]. - Research and development expenses increased to approximately ¥11 million in Q1 2024, up from approximately ¥9.5 million in Q1 2023, indicating a focus on innovation[17]. - The company raised approximately ¥300 million from investments and approximately ¥903 million from borrowings in Q1 2024, reflecting ongoing financing activities[21]. Accounting Changes - The company announced the implementation of new accounting standards starting from 2024, which will affect the financial statements from the beginning of the year[23].