JJIT(SH:900929)2017-04-28 16:00Financial Performance - Operating revenue for the first quarter was CNY 339,795,649.61, a decrease of 9.16% year-on-year[6] - Net profit attributable to shareholders increased by 0.10% to CNY 14,119,028.95 compared to the same period last year[6] - The company reported a net profit of CNY -2,508,776.06 after deducting non-recurring gains and losses, a decrease of 15.98% year-on-year[12] - The company reported a significant decrease in other comprehensive income, with a net amount of CNY -11,092,845.94 compared to CNY -75,803,254.09 in the previous period[34] - The company’s total profit for the current period is CNY 17,883,606.82, slightly up from CNY 17,689,365.31, reflecting an increase of 1.1%[31] - The company reported a total comprehensive income of CNY 2,632,482.96, compared to a loss of CNY 62,200,896.44 in the previous period[32] - Basic earnings per share for the current period is CNY 0.1065, marginally higher than CNY 0.1064 in the previous period[32] Cash Flow - The net cash flow from operating activities was CNY -6,121,649.31, showing an improvement from CNY -26,565,343.24 in the previous year[6] - Cash flow from operating activities is CNY 342,140,751.99, a decrease of 9.5% from CNY 378,289,981.47 in the previous period[37] - Operating cash inflow totaled CNY 349,821,242.31, a decrease of 9.3% from CNY 385,511,563.09 in the previous period[38] - Total cash inflow from operating activities was CNY 76,435,675.82, down 10.4% from CNY 85,369,979.54 in the previous period[40] - The net increase in cash and cash equivalents was CNY 22,540,333.99, compared to a decrease of CNY -49,252,348.85 in the previous period[39] - The company reported a cash inflow from the recovery of investments of CNY 197,166,781.25, an increase from CNY 176,358,463.06 in the previous period[40] Assets and Liabilities - Total assets decreased by 2.77% to CNY 1,611,862,871.27 compared to the end of the previous year[6] - Accounts receivable decreased by 48.20% to CNY 41,309,342.63, primarily due to the collection of receivables from outbound tourism and incentive business[13] - Accounts payable decreased by 33.46% to CNY 59,053,330.31, mainly due to payments made for inbound tour groups[13] - Employee compensation payable decreased by 71.26% to CNY 7,662,467.30, reflecting payments made to employees[13] - Tax and additional fees decreased by 64.93% to CNY 848,350.41, mainly due to the transition from business tax to value-added tax[13] - Total current assets decreased to ¥615,758,284.53 from ¥642,547,931.58, a reduction of approximately 4.17%[22] - Non-current assets totaled ¥996,104,586.74, down from ¥1,015,270,479.15, reflecting a decrease of about 1.89%[23] - Total liabilities decreased to ¥442,922,407.57 from ¥491,510,429.99, a reduction of about 9.87%[24] - Total current liabilities decreased to ¥294,526,700.10 from ¥339,417,107.21, a decline of about 13.2%[23] Revenue Breakdown - The outbound tourism revenue was CNY 183,219,670.50, down 12.13% from CNY 208,520,203.55 in the same period last year[16] - Domestic tourism revenue increased by 9.14% to CNY 27,318,059.18, compared to CNY 25,030,606.31 in Q1 2016[16] - The inbound tourism revenue rose by 13.85% to CNY 9,940,278.38, compared to CNY 8,730,921.43 in Q1 2016[16] Strategic Initiatives - The company actively explored the domestic tourism market, promoting new travel products and brands, which gained consumer recognition[16] - The company plans to continue expanding its domestic tourism offerings and enhancing its marketing strategies to capture market demand[16]