JHEC(SH:600273)2024-04-26 09:38Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,091,988,766.62, representing a decrease of 10.06% compared to the same period last year[11] - The net profit attributable to shareholders of the listed company was CNY 210,488,753.08, down 45.28% year-on-year[11] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 205,170,037.78, a decrease of 45.89% compared to the previous year[11] - Basic earnings per share were CNY 0.1518, down 45.10% from the same period last year[11] - The net profit for the first quarter of 2024 is approximately ¥210.50 million, a decrease from ¥385.26 million in the same period of 2023, representing a decline of about 45.4%[43] - The total comprehensive income for the first quarter of 2024 is approximately ¥210.32 million, down from ¥390.67 million in the first quarter of 2023, indicating a decrease of around 46.1%[43] - The basic earnings per share for the first quarter of 2024 is ¥0.1518, compared to ¥0.2765 in the first quarter of 2023, reflecting a decline of approximately 45.0%[43] - The company reported a total profit of approximately ¥241.31 million for Q1 2024, down from ¥453.02 million in Q1 2023[50] Cash Flow - The net cash flow from operating activities was CNY 252,555,679.75, an increase of 235.05% year-on-year[11] - Cash flow from operating activities for the first quarter of 2024 is ¥252.56 million, significantly higher than ¥75.38 million in the first quarter of 2023, marking an increase of approximately 235.5%[47] - Cash inflow from operating activities totaled approximately ¥1.70 billion in the first quarter of 2024, down from ¥1.83 billion in the same period of 2023, a decrease of about 6.6%[47] - Cash outflow from operating activities in the first quarter of 2024 is approximately ¥1.21 billion, compared to ¥1.60 billion in the first quarter of 2023, a reduction of about 24.5%[47] - The net cash flow from investing activities for the first quarter of 2024 is approximately -¥109.17 million, an improvement from -¥222.15 million in the first quarter of 2023[48] - Cash flow from financing activities in the first quarter of 2024 is approximately ¥61.04 million, down from ¥391.32 million in the first quarter of 2023, indicating a decrease of about 84.4%[48] - The ending cash and cash equivalents balance for the first quarter of 2024 is approximately ¥1.07 billion, compared to ¥2.04 billion at the end of the first quarter of 2023, a decrease of about 47.5%[48] Assets and Liabilities - Total assets at the end of the reporting period were CNY 12,435,700,498.97, an increase of 5.67% from the end of the previous year[11] - Total liabilities increased to ¥2,351,303,212.08, up from ¥1,850,649,749.18, representing a growth of approximately 27.1% year-over-year[22] - Total equity attributable to shareholders rose to ¥10,052,697,846.44, compared to ¥9,886,123,704.73, marking an increase of about 1.68%[22] - Cash and cash equivalents reached ¥1,197,575,293.66, a significant increase from ¥890,493,180.02, reflecting a growth of approximately 34.4%[34] - Inventory levels increased to ¥891,714,767.90 from ¥785,967,190.40, indicating a rise of about 13.4%[34] - Long-term borrowings rose significantly to ¥127,207,500.00 from ¥26,352,500.00, indicating an increase of approximately 383.5%[22] Shareholder Information - The number of common shareholders at the end of the reporting period was 46,148, with the largest shareholder holding 37.06% of the shares[29] - The company repurchased a total of 18,316,342 shares, accounting for 1.32% of the total share capital, with an average repurchase price of ¥8.24 per share[31] - The company achieved a 30% unlock ratio for its employee stock ownership plan, allowing for the release of 3,000,000 shares, which is 0.22% of the total share capital[31] Government and Market Operations - The company reported a government subsidy of CNY 2,859,271.39, which is closely related to its normal business operations[11] - The company was designated as a delivery warehouse for caustic soda futures by Zhengzhou Commodity Exchange in January 2024, expanding its market operations[31] Research and Development - Research and development expenses for Q1 2024 were approximately ¥73.95 million, slightly decreased from ¥74.40 million in Q1 2023[50] Financial Expenses - The company’s financial expenses included interest expenses of approximately ¥8.47 million for Q1 2024, compared to ¥5.87 million in Q1 2023[50]