Fully Integrated and Optimized Strategies for Growth Propel JCET to Quarterly Highs for Revenue and Profit in Q1 2021
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Q1 2021 financial highlights:
Revenue was RMB 6.71 billion. It was an increase of 17.6% year on year and a record high first quarter in the company's history.
Generated RMB 1.20 billion cash from operations, up 4.9% year on year. With net capex investments of RMB 0.56 billion, free cash flow for the quarter was RMB 0.64 billion.
Net profit was RMB 0.39 billion. A record high first quarter in the company's history with 188.7% year on year growth.
Earnings per share was RMB 0.24, as compared to RMB 0.08 in Q1 2020.