JCON(BJ:836149)2022-04-27 16:00Financial Performance - Revenue for the first quarter of 2022 was CNY 58,269,944.88, down 9.76% from CNY 64,574,733.23 in the same period last year[15] - Net profit attributable to shareholders for the first quarter of 2022 was CNY 443,925.69, a significant decrease of 88.56% compared to CNY 3,881,086.20 in the previous year[15] - The company reported a basic earnings per share of CNY 0.01, down 90.00% from CNY 0.10 in the previous year[15] - Total operating revenue for Q1 2022 was ¥58,269,944.88, a decrease of 9.0% from ¥64,574,733.23 in Q1 2021[40] - Net profit for Q1 2022 was a loss of ¥1,271,750.10, compared to a profit of ¥2,468,725.36 in Q1 2021, representing a significant decline[42] - Basic earnings per share for Q1 2022 was ¥0.01, down from ¥0.10 in Q1 2021, indicating a decline in profitability per share[42] Assets and Liabilities - Total assets as of March 31, 2022, were CNY 642,145,073.03, a decrease of 8.59% compared to the end of the previous year[15] - Total current assets decreased to CNY 415,467,854.06 from CNY 479,277,710.33, a decline of approximately 13.3%[32] - Total liabilities decreased to CNY 402,223,976.81 from CNY 461,348,913.69, a decrease of approximately 12.8%[34] - Total assets decreased to CNY 642,145,073.03 from CNY 702,468,229.32, reflecting a decline of about 8.6%[34] - The company's asset-liability ratio (consolidated) decreased to 62.64% from 65.68% year-on-year[15] - The company's total liabilities decreased to ¥132,245,211.82 in Q1 2022 from ¥155,380,425.99 in Q1 2021, a reduction of approximately 14.9%[38] Cash Flow - The net cash flow from operating activities improved by 51.06%, reaching CNY -24,600,695.11, compared to CNY -50,262,113.61 in the same period last year[17] - Cash inflow from operating activities reached CNY 123,607,345.92, significantly higher than CNY 70,561,851.54 in the same period last year, indicating a growth of approximately 75%[47] - Cash outflow from investing activities totaled CNY 650,113.90, a decrease from CNY 2,545,058.15 in the previous period, reflecting a reduction of about 74%[49] - Cash inflow from financing activities was CNY 63,810,248.80, up from CNY 43,548,360.00, representing an increase of approximately 46%[49] - The company incurred a net cash outflow from operating activities of CNY -9,699,818.29, an improvement from CNY -12,100,725.89 in the previous year[51] Shareholder Information - The total number of shares outstanding is 73,758,000, with 53.90% being unrestricted shares held by controlling shareholders[20] - The largest shareholder holds 15,674,069 shares, representing 21.25% of total shares[22] - The second-largest shareholder holds 15,288,920 shares, accounting for 20.73% of total shares[22] - The proportion of restricted shares is 46.10%, with 34,003,806 shares classified as restricted[20] - The core employees' shareholding increased from 2,914,149 to 2,998,445, representing a rise from 3.95% to 4.07%[20] Operational Highlights - The increase in financial expenses was attributed to rising raw material prices and increased financing costs[17] - The company is focused on improving cash collection from sales to enhance cash flow stability[17] - Research and development expenses for Q1 2022 were ¥3,675,153.20, a decrease of 14.1% from ¥4,279,898.04 in Q1 2021[41] - The company reported a credit impairment loss of ¥5,659,902.67 in Q1 2022, compared to ¥2,656,014.55 in Q1 2021, indicating increased credit risk[41] Other Information - There are no significant litigation or arbitration matters reported during the period[27] - The company has fulfilled its previously disclosed commitments in a timely manner[27] - No external guarantees or loans were provided during the reporting period[27] - The company has not implemented any profit distribution or capital increase from reserves during the reporting period[28] - Total comprehensive income amounted to CNY 1,112,102.92 for the current period, compared to CNY 4,881,504.46 in the previous period[46]