002626SZSE

First Quarter Report of Xiamen Jindawei Group Co., Ltd. for 2026

✨ AI Summary

The announcement presents the first quarter financial report for 2026, highlighting a 1.68% decrease in revenue to approximately CNY 813.36 million and a significant 46.11% drop in net profit attributable to shareholders, totaling around CNY 65.61 million. The report also notes an increase in net cash flow from operating activities by 8.40%. The financial data indicates challenges in profitability despite stable cash flow generation.

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Full Translation

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Important Financial Data

(1) Key Accounting Data and Financial Indicators

The company does not need to restate or adjust previous years' accounting data: □ Yes ☒ No

ItemCurrent PeriodSame Period Last YearChange (%)
Operating Revenue (CNY)813,363,266.65827,237,760.43-1.68%
Net Profit Attributable to Shareholders (CNY)65,613,153.17121,743,621.33-46.11%
Net Profit Attributable to Shareholders after Deducting Non-Recurring Gains and Losses (CNY)61,082,744.87118,534,341.69-48.47%
Net Cash Flow from Operating Activities (CNY)118,180,834.00109,024,271.648.40%
Basic Earnings per Share (CNY/share)0.110.20-45.00%
Diluted Earnings per Share (CNY/share)0.110.20-45.00%
Weighted Average Return on Equity1.46%2.80%-1.34%

At the end of the current period compared to the end of the previous year:

ItemCurrent Period EndPrevious Year EndChange (%)
Total Assets (CNY)7,648,417,796.477,714,191,689.36-0.85%
Total Equity Attributable to Shareholders (CNY)4,483,527,344.074,460,107,217.210.53%

(2) Non-Recurring Gains and Losses Items and Amounts

☒ Applicable □ Not Applicable

ItemAmount for Current Period (CNY)Description
Gain/Loss from Disposal of Non-Current Assets10,899.09Mainly due to the disposal of scrapped non-current assets.
Government Subsidies Related to Income3,439,680.19Received government subsidies related to income.
Fair Value Changes of Financial Assets and Liabilities2,190,473.67Mainly due to fair value changes of held funds and large certificates of deposit.
Other Operating Income and Expenses-1,330.39-
Less: Income Tax Impact1,094,666.90Mainly due to the calculated income tax impact.
Minority Interest Impact (after tax)14,647.36Mainly due to the impact on minority interests of subsidiaries.
Total Non-Recurring Gains and Losses4,530,408.30-

(3) Changes and Reasons for Key Accounting Data and Financial Indicators

☒ Applicable □ Not Applicable

  1. Changes in Related Items of the Consolidated Balance Sheet and Reasons
Report Item2026/3/312025/12/31Change RateReason
Prepayments20,513,065.0578,609,381.08-73.91%Mainly due to a decrease in prepaid procurement payments.
Receivables Financing4,161,512.00221,804.001776.21%Mainly due to an increase in unendorsed or undiscounted bank acceptance bills.
Deferred Tax Assets1,163,127.131,959,197.61-40.63%Mainly due to netting of deferred tax assets and liabilities as required by accounting standards.
Other Non-Current Assets25,185,361.4914,024,950.7379.58%Mainly due to an increase in prepayments for long-term assets.
Payables to Employees46,380,032.7082,916,129.38-44.06%Mainly due to a decrease in unpaid employee salaries.
Taxes Payable25,376,720.179,004,072.28181.84%Mainly due to an increase in unpaid income taxes.
Contract Liabilities23,968,280.218,124,431.28195.01%Mainly due to an increase in advance payments.
Other Payables13,267,126.9220,120,403.52-34.06%Mainly due to a decrease in non-operational payables.
Current Portion of Non-Current Liabilities548,305,909.62410,134,815.0733.69%Mainly due to an increase in long-term loans due within one year.
Long-term Loans124,271,500.00326,450,000.00-61.93%Mainly due to a decrease in long-term bank loans.

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