JMPT(SZ:000700)2024-04-28 07:51Financial Performance - The company's revenue for Q1 2024 was CNY 1,809,847,349.85, representing a 2.38% increase compared to CNY 1,767,696,493.87 in the same period last year[5] - Net profit attributable to shareholders increased by 116.66% to CNY 144,411,457.30 from CNY 66,653,434.94 year-on-year[5] - Basic earnings per share rose by 116.37% to CNY 0.1573, compared to CNY 0.0727 in the same quarter last year[5] - Net profit for Q1 2024 reached CNY 143,543,199.66, a significant increase of 116.6% compared to CNY 66,202,634.72 in Q1 2023[19] - Basic earnings per share for Q1 2024 were CNY 0.1573, compared to CNY 0.0727 in Q1 2023, marking a growth of 116.7%[19] Cash Flow - The net cash flow from operating activities surged by 407.36% to CNY 150,497,185.94, up from CNY 29,662,674.20 in the previous year[5] - Cash flow from operating activities generated a net amount of CNY 150,497,185.94, a substantial increase from CNY 29,662,674.20 in the previous year[21] - Cash and cash equivalents at the end of Q1 2024 totaled CNY 1,003,291,660.71, up from CNY 875,634,096.09 at the end of Q1 2023[23] - Financing activities generated a net cash inflow of CNY 118,899,059.00, contrasting with a net outflow of CNY 175,952,091.99 in the same period last year[23] - Investment activities resulted in a net cash outflow of CNY 73,696,432.32, compared to a net inflow of CNY 29,233,454.23 in Q1 2023[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,233,303,071.04, a decrease of 1.57% from CNY 9,380,249,056.28 at the end of the previous year[5] - Current assets decreased to CNY 5,073,714,322.15 from CNY 5,215,480,785.49, reflecting a decline of approximately 2.73%[15] - Total liabilities decreased to CNY 5,567,723,504.37 from CNY 5,897,262,361.10, indicating a decline of about 5.58%[16] - The company's equity attributable to shareholders increased to CNY 3,651,716,665.24 from CNY 3,466,785,536.11, reflecting an increase of approximately 5.34%[16] - Short-term borrowings rose to CNY 2,594,196,052.00 from CNY 2,339,183,785.28, an increase of about 10.94%[16] Operational Highlights - The company reported a significant increase in prepayments by 54.04%, totaling CNY 162,621,100.00, primarily due to increased payments for raw materials and specialized equipment[10] - The company received government subsidies amounting to CNY 8,664,842.56, contributing positively to its financial performance[7] - The weighted average return on equity improved by 1.87 percentage points to 4.06% from 2.19% year-on-year[5] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[5] - The company reported a decrease in inventory to CNY 1,002,089,345.71 from CNY 1,039,213,493.16, a decline of approximately 3.57%[15] Other Information - The first quarter report is unaudited[24] - The company will implement new accounting standards starting in 2024[24] - The chairman of Jiangnan Mould & Plastic Technology Co., Ltd. is Cao Kebao[25] - The report date is April 29, 2024[26] - The company has no significant new product launches or technological developments reported in this quarter[14]