JHT(SH:603199)2018-04-12 16:00Financial Performance - Operating revenue for the current period was CNY 113,466,026.88, down 7.16% year-on-year[5] - Net profit attributable to shareholders was CNY 30,367,383.50, representing an 18.41% decrease compared to the same period last year[5] - Basic earnings per share were CNY 0.2744, down 18.41% from CNY 0.3363 in the previous year[5] - The weighted average return on net assets decreased by 0.9 percentage points to 2.92%[5] - Total operating revenue for Q1 2018 was CNY 113,466,026.88, a decrease of 7.3% compared to CNY 122,217,309.45 in the same period last year[28] - Net profit for Q1 2018 was CNY 30,367,383.50, down 18.5% from CNY 37,219,867.74 in Q1 2017[29] - The total comprehensive income for Q1 2018 was CNY 21,033,974.78, a decrease of 22.7% from CNY 27,151,270.35 in Q1 2017[33] - The total profit for Q1 2018 was CNY 28,349,604.23, down 21.5% from CNY 36,218,306.80 in the previous year[33] Cash Flow and Assets - Net cash flow from operating activities was CNY 10,022,038.27, a significant decline of 64.97% year-on-year[5] - Cash and cash equivalents increased by 64.55% to ¥67,841,442.03, primarily due to the maturity of structured deposits[13] - Cash flow from operating activities for Q1 2018 was CNY 10,022,038.27, down 65.0% from CNY 28,610,938.49 in the same period last year[36] - Cash and cash equivalents at the end of Q1 2018 increased to CNY 67,841,442.03 from CNY 51,851,598.06, marking a net increase of CNY 26,611,761.25[37] - The company experienced a net increase in cash and cash equivalents of 23,140,111.05 RMB, contrasting with a decrease of -10,806,243.48 RMB in the same period last year[40] - Total cash inflow from operating activities was 88,517,694.01 RMB, down 13.2% from 101,971,511.96 RMB in the previous year[38] - Cash outflow from operating activities totaled 91,222,424.14 RMB, an increase of 18.2% compared to 77,137,833.52 RMB in the same period last year[38] Shareholder Information - The total number of shareholders at the end of the reporting period was 11,911[10] - The largest shareholder, Anhui Jiuhua Mountain Tourism (Group) Co., Ltd., held 36,109,376 shares, accounting for 32.63% of total shares[10] - The company has committed to a stock buyback plan using 10% of the latest audited distributable profits if the stock price falls below the net asset value per share within three years post-IPO[16] - The controlling shareholder plans to increase their stake in the company in accordance with the specific plan established for stabilizing the stock price[16] - The company has committed to not reducing its holdings in the first year post-IPO and limiting any reductions to no more than 3% of total shares in the subsequent two years[16] Asset Management - Total assets at the end of the reporting period were CNY 1,187,954,245.28, a decrease of 0.50% compared to the end of the previous year[5] - Cash and cash equivalents at the end of the period increased to 61,966,944.05 RMB, up from 45,662,638.42 RMB at the end of the previous year, reflecting a growth of approximately 35.5%[40] - Total current liabilities decreased to CNY 113,775,784.53 from CNY 150,851,283.54, reflecting a reduction of approximately 24.6%[22] - Non-current assets totaled CNY 897,584,028.28, slightly up from CNY 893,518,882.66 at the beginning of the year[22] - The company reported a significant increase in prepayments, which rose to CNY 4,393,978.45 from CNY 3,975,616.44, marking an increase of about 10.5%[21] Investment Activities - The company reported non-operating income of CNY 594,367.63, which includes government subsidies[11] - Investment income increased by 41.79% to ¥1,705,277.59, mainly from the maturity of structured deposits[13] - Cash paid for investments decreased by 55.00% to ¥90,000,000.00, primarily due to reduced purchases of structured deposits and financial products[14] - The net cash flow from investment activities improved to 25,844,841.18 RMB, compared to a negative cash flow of -35,639,921.92 RMB in the previous year, marking a turnaround[40] Operational Challenges - The company has indicated that it may experience significant changes in net profit compared to the same period last year, with potential losses anticipated[17] - The company has not disclosed any new product developments or market expansion strategies in this report[3] - The company plans to focus on market expansion and new product development to drive future growth[29]