JSST(SZ:002609)2015-04-24 16:00Financial Performance - The company's operating revenue for Q1 2015 was ¥72,816,607.71, representing a 15.67% increase compared to ¥62,950,934.19 in the same period last year[7]. - Net profit attributable to shareholders was ¥2,155,917.83, a significant turnaround from a loss of ¥2,147,124.97 in the previous year, marking a 200.41% increase[7]. - The net profit after deducting non-recurring gains and losses was ¥1,860,877.66, compared to a loss of ¥2,241,011.06 last year, reflecting an increase of 183.04%[7]. - Basic earnings per share improved to ¥0.0074 from a loss of ¥0.0117, representing a 198.67% increase[7]. - The estimated net profit attributable to shareholders for the first half of 2015 is expected to range from 25.71 million to 33.43 million yuan, representing a growth of 0.00% to 30.00% compared to the same period in 2014[18]. - The company reported a gross profit margin of approximately 1.78% for Q1 2015, compared to a negative margin in the previous year[31]. - Basic and diluted earnings per share were both CNY 0.0158, an increase from CNY -0.0043 in the same period last year[35]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥63,565,141.91, which is a 56.64% decline from -¥40,579,517.57 in the previous year[7]. - Cash received from operating activities decreased by 56.77% year-on-year, mainly due to government subsidies related to assets received in the previous period[16]. - Cash outflow from operating activities was CNY 170,913,388.32, compared to CNY 139,191,640.35 in the previous period[37]. - The net cash flow from operating activities was CNY -63,565,141.91, worsening from CNY -40,579,517.57 year-over-year[37]. - Cash and cash equivalents decreased by 39.74% compared to the beginning of the year, primarily due to payments for land acquisition for headquarters and R&D facilities[15]. - Cash and cash equivalents at the end of the period were CNY 462,969,007.37, down from CNY 550,489,477.76 at the end of the previous period[38]. - The company’s cash and cash equivalents decreased by CNY 306,193,528.79 during the quarter, compared to a decrease of CNY 46,752,245.27 in the previous period[41]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,046,527,909.29, down 5.61% from ¥1,108,723,066.35 at the end of the previous year[7]. - Total current assets decreased from 964.93 million yuan to 666.18 million yuan, a decline of approximately 30.93%[24]. - Total non-current assets increased from 143.79 million yuan to 380.35 million yuan, an increase of approximately 164.00%[25]. - Total liabilities decreased from 291.10 million yuan to 227.63 million yuan, a decline of approximately 21.77%[26]. - Total liabilities for Q1 2015 were CNY 222,719,439.78, down from CNY 282,675,288.88 in the previous period[29]. - The company's equity totaled CNY 825,833,414.00 as of Q1 2015, slightly up from CNY 820,802,549.46 in the previous period[29]. Operational Insights - The company’s new technology products and business models have provided a strong competitive advantage, leading to stable growth in main business revenue and net profit[19]. - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[30]. - The total comprehensive income for the first quarter was CNY 4,591,817.74, a decrease of CNY 1,240,281.68 compared to the previous period[35]. Expenses - The company reported a significant reduction in management expenses, which were CNY 21,502,334.62 in Q1 2015, compared to CNY 17,797,149.21 in the previous period[31]. - Cash paid for other operating activities increased by 83.88% year-on-year, mainly due to an increase in deposits paid in the current period[16]. - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets increased by 3998.66% year-on-year, primarily due to payments for land acquisition for headquarters and R&D facilities[16].