JTL(300091)2024-04-24 09:56Financial Performance - The company's revenue for Q1 2024 was ¥374,205,528.46, representing a 9.38% increase compared to ¥342,112,525.50 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥24,495,779.94, an improvement of 12.62% from a loss of ¥28,034,092.46 in the previous year[4] - The net cash flow from operating activities improved significantly, with a net outflow of ¥28,597,975.60, a 76.33% reduction from ¥120,828,599.32 in the same period last year[4] - Total operating revenue for the current period reached ¥374,205,528.46, an increase of 9.4% compared to ¥342,112,525.50 in the previous period[29] - The company reported a net loss of ¥28,957,472.56, compared to a net loss of ¥25,539,641.33 in the previous period[32] - Basic and diluted earnings per share were both -¥0.0164, slightly improved from -¥0.0188 in the previous period[32] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥5,363,047,786.08, down 1.44% from ¥5,441,617,384.48 at the end of the previous year[4] - The company's total liabilities decreased from CNY 3,510,174,906.12 to CNY 3,459,837,090.39, representing a reduction of about 1.44%[28] - The company’s non-current liabilities increased from CNY 517,786,926.02 to CNY 581,077,050.02, an increase of about 12.19%[28] Cash Flow and Equivalents - The company's cash and cash equivalents decreased by 40.10% to ¥144,659,657.95, primarily due to reduced net cash inflow during the reporting period[7] - Cash and cash equivalents at the end of the period totaled ¥52,871,018.73, down from ¥96,433,747.10 at the end of the previous period[34] - The company received cash from operating activities totaling ¥553,904,468.00, compared to ¥583,147,982.58 in the previous period[33] - Cash outflows from financing activities were ¥125,931,959.86, compared to ¥252,716,291.93 in the previous period, indicating a reduction in financing costs[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,675[11] - The largest shareholder, Nantong Industrial Holding Group Co., Ltd., holds 27.88% of the shares, amounting to 415,148,776 shares[11] - The company reported a total of 258,899,676 restricted shares at the beginning of the period, with 258,899,676 shares released from restriction during the period, resulting in 0 restricted shares at the end of the period[15] - The controlling shareholder, Nantong Industrial Holding Group Co., Ltd., released 258,899,676 shares for circulation, accounting for 17.39% of the total share capital[22] Compliance and Regulatory Issues - The company faced a fine of RMB 1.5 million due to false reporting of profits from 2017 to 2022, with additional fines imposed on key personnel totaling RMB 2.6 million[18] - The company has received multiple warnings and fines from regulatory bodies for various compliance issues[19] Operational Costs and Expenses - Total operating costs increased to ¥407,741,640.02, up 8.0% from ¥377,477,448.17 in the previous period[29] - Research and development expenses increased to ¥17,304,513.07, up from ¥14,197,529.19 in the previous period, reflecting a focus on innovation[29] Other Financial Metrics - The company reported a significant increase in accounts payable, which rose by 131.19% to ¥425,588,170.71, attributed to increased bill financing during the period[7] - Other receivables increased by 86.50% to ¥48,097,368.72, mainly due to pre-paid bonuses during the reporting period[7] - The company received government subsidies amounting to ¥932,274.16, a decrease of 37.15% compared to the previous period[9] - The company experienced a foreign exchange impact of ¥70,562.23 on cash and cash equivalents during the period[34]