JYKJ(SZ:300242)2018-04-25 16:00Financial Performance - Total revenue for Q1 2018 was CNY 912,183,459.67, an increase of 34.23% compared to CNY 679,568,621.16 in the same period last year[7] - Net profit attributable to shareholders decreased by 61.86% to CNY 25,040,883.99 from CNY 65,647,246.59 year-on-year[7] - The company's operating revenue for the current period reached ¥912,183,459.67, an increase of 34.23% compared to the previous period, primarily due to the acquisition of Duocai Interactive and the expansion of business scope[23] - The total operating revenue for Q1 2018 was CNY 912,183,459.67, an increase of 34.2% compared to CNY 679,568,621.16 in the same period last year[48] - The net profit for Q1 2018 was CNY 25,750,723.97, a decrease of 60.8% from CNY 65,647,246.59 in the previous year[49] - The total operating costs for Q1 2018 amounted to CNY 888,466,105.29, up from CNY 632,804,197.61, reflecting a year-over-year increase of 40.5%[48] - The sales expenses for Q1 2018 were CNY 11,401,494.86, significantly higher than CNY 2,908,976.94 in the previous year, an increase of 292.5%[49] Cash Flow - Net cash flow from operating activities improved significantly, reaching CNY 7,210,663.90, a 120.21% increase from a negative CNY 35,675,439.92 in the previous year[7] - The net cash flow from operating activities improved by 120.21%, amounting to ¥7,210,663.90, due to enhanced cash management and faster capital turnover[24] - The net cash flow from investment activities decreased by 107.55%, resulting in a net outflow of ¥5,342,326.98, primarily due to fewer equity disposals compared to the previous year[25] - The net cash flow from financing activities increased by 296.29% to ¥14,861,053.28, as the company had fewer borrowings to repay this period[25] - The cash flow from operating activities showed a total outflow of $126,493,661.50, leading to a net cash flow of $29,454,309.26[60] Assets and Liabilities - Total assets increased by 21.02% to CNY 3,338,710,968.48 compared to CNY 2,758,883,760.66 at the end of the previous year[7] - The total assets increased to CNY 3,338.71 million from CNY 2,758.88 million, representing a growth of approximately 20.9%[41] - The total liabilities increased to CNY 1,008,913,310.54 from CNY 455,055,745.57, indicating a significant rise of 121.5%[46] - The cash and cash equivalents rose to CNY 74,858,359.14 from CNY 25,833,037.73, marking an increase of 189.5%[44] Investments and Acquisitions - The company acquired 80% of Duocai Interactive for ¥10,800,000.00, enhancing its core competitiveness and market share in the mobile media sector[26] - The total amount of raised funds in this quarter is CNY 47,409.4 million, with a cumulative investment of CNY 44,437.4 million[32] - The investment progress for the payment of equity price for WeWin Interactive is 93.39%, with a cumulative benefit of CNY 6,390.89 million achieved[32] - The cumulative benefit from the investment projects reached CNY 8,795.28 million by the end of the reporting period[32] Management and Strategy - The company is focusing on high-growth segments within the internet marketing industry to enhance competitive advantages and mitigate risks[9] - The company plans to strengthen financial management and establish a customer credit rating system to reduce the risk of bad debts[10] - The company aims to adjust or exit underperforming investment projects to align with future strategic goals, despite potential short-term losses[10] - The company is undergoing management changes due to a shift in control, which may introduce short-term management risks[10] Legal and Compliance - The company has initiated legal proceedings to recover CNY 62.9089 million in advertising fees from various parties, with ongoing negotiations to minimize bad debt losses[11] - The company has no violations regarding external guarantees during the reporting period[34] - The company did not conduct an audit for the first quarter report[62]