JOINTAS(002909)2024-04-29 10:47Financial Performance - The company's revenue for Q1 2024 was ¥227,898,315.51, a decrease of 11.45% compared to ¥257,369,046.21 in the same period last year[4] - The net profit attributable to shareholders was -¥9,814,008.67, representing a significant decline of 1,388.13% from ¥762,459.15 in the previous year[4] - The company reported a basic earnings per share of -¥0.0253, a decrease of 1,365.00% from ¥0.0020 in the same period last year[4] - The weighted average return on equity was -0.97%, down from 0.09% in the previous year[4] - The total operating revenue for Q1 2024 was ¥227,898,315.51, a decrease of 11.46% compared to ¥257,369,046.21 in the same period last year[27] - The net profit for Q1 2024 was a loss of CNY 9.82 million, compared to a profit of CNY 764.54 million in Q1 2023, representing a significant decline[29] - The total operating costs for Q1 2024 were CNY 236.81 million, a decrease of 7% compared to CNY 254.61 million in Q1 2023[28] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥12,693,161.91, a 169.58% increase from -¥18,241,641.76 in the same period last year[4] - The company's operating cash flow for Q1 2024 was CNY 12.69 million, a recovery from a negative cash flow of CNY 18.24 million in Q1 2023[31] - The company's cash and cash equivalents increased to ¥295,939,364.72 from ¥155,970,569.36, representing an increase of 89.73%[24] - The net increase in cash and cash equivalents for Q1 2024 was CNY 139.97 million, contrasting with a decrease of CNY 80.37 million in Q1 2023[32] - The total cash and cash equivalents at the end of Q1 2024 stood at CNY 295.11 million, up from CNY 88.82 million at the end of Q1 2023[32] - The company’s financing activities generated a net cash flow of CNY 213.36 million in Q1 2024, compared to CNY 8.90 million in Q1 2023[31] Assets and Liabilities - Total assets increased by 11.92% to ¥2,200,645,173.46 from ¥1,966,200,726.87 at the end of the previous year[5] - Total liabilities increased to ¥1,225,900,932.74 from ¥1,113,970,865.89, reflecting a rise of 10.03%[25] - The company reported a total current liability of ¥1,057,645,618.54, an increase from ¥954,412,392.83, which is a rise of 10.84%[25] - The company’s long-term borrowings increased to ¥111,953,612.92 from ¥86,626,396.32, showing a rise of 29.23%[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 29,175[11] - The largest shareholder, Guangzhou Antai Chemical Co., Ltd., holds 37.44% of the shares, with 74,496,000 shares pledged[12] - The total number of shares held by the top ten unrestricted shareholders amounts to 149,325,614 shares[12] - The company completed a non-public offering of A-shares on January 8, 2024, increasing the total number of shares to 398,845,123[14] Investments and Projects - The company plans to invest approximately RMB 300 million in the "High-end New Materials Intelligent Manufacturing Base Project" to expand into the new energy vehicle and LED driver power supply markets[18] - In March 2024, the subsidiary won a land use right for RMB 33.47 million in the Conghua Economic Development Zone for further development[19] Employee Incentives - The second phase of the employee stock ownership plan will expire on July 6, 2024, with a notice issued on January 6, 2024[15] - The fourth phase of the employee stock ownership plan was approved on February 2, 2024, to further incentivize employees[16] Government Support - The company received government subsidies amounting to ¥891,372.77, primarily related to R&D technology support[6] - The company received the High-tech Enterprise Certificate, valid for three years, allowing a reduced corporate income tax rate of 15% from 2023 to 2025[22]