JL(300589)2025-04-23 10:20Financial Performance - The company's revenue for Q1 2025 was ¥149,776,713.50, a decrease of 58.06% compared to ¥357,123,906.29 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥2,618,307.72, representing a decline of 118.88% from a profit of ¥13,870,942.58 in the previous year[5] - The basic and diluted earnings per share were both -¥0.0069, down 118.80% from ¥0.0367 in the same quarter last year[5] - The company reported a significant decrease in operating income due to reduced investment in ongoing projects, leading to a 60.54% drop in operating costs to ¥132,544,479.36[9] - Total operating revenue for the first quarter was ¥149,776,713.50, a decrease of 58.0% compared to ¥357,123,906.29 in the previous period[24] - Total operating costs amounted to ¥158,541,086.46, down 52.8% from ¥335,862,076.28 in the prior period[24] - The company reported a net loss of CNY 2,618,307.72 for the current period, compared to a net profit of CNY 13,870,942.58 in the previous period[25] - Operating profit was recorded at a loss of CNY 4,490,330.98, while the previous period showed an operating profit of CNY 16,350,360.77[25] - Total comprehensive income amounted to a loss of CNY 2,532,115.18, contrasting with a total comprehensive income of CNY 13,871,957.04 in the prior period[25] Cash Flow and Liquidity - The net cash flow from operating activities improved by 20.16%, amounting to -¥161,831,744.43 compared to -¥202,695,293.75 in the prior year[5] - Cash and cash equivalents decreased to ¥191,380,985.49 from ¥311,254,858.39, reflecting a decline of 38.5%[21] - Cash flow from operating activities showed a net outflow of CNY 161,831,744.43, an improvement from the previous period's outflow of CNY 202,695,293.75[27] - Cash inflow from operating activities totaled CNY 181,655,696.73, significantly higher than CNY 96,986,559.68 in the previous period[27] - Cash outflow from operating activities was CNY 343,487,441.16, compared to CNY 299,681,853.43 in the prior period[27] - Cash flow from financing activities generated a net inflow of CNY 69,121,945.84, a turnaround from a net outflow of CNY 3,863,883.65 in the previous period[28] - The company ended the period with cash and cash equivalents of CNY 107,489,661.94, down from CNY 389,343,478.40 at the end of the previous period[28] - The company received CNY 116,494,533.04 in borrowings during the current period, compared to CNY 10,010,000.00 in the previous period[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,133,966,805.98, reflecting a slight increase of 0.53% from ¥2,122,640,730.46 at the end of the previous year[5] - Total liabilities rose to ¥1,310,489,440.77 from ¥1,297,609,278.90, an increase of 1.5%[23] - The company reported a significant increase in short-term borrowings, which rose to ¥156,167,417.85 from ¥78,364,698.33, a jump of 99.5%[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 26,360, with the largest shareholder holding 24.55% of the shares[11] - The total number of restricted shares at the beginning of the period was 146,060,982, with no changes during the reporting period[15] Government Support and Subsidies - The company received government subsidies amounting to ¥4,770,931.60, which positively impacted its financial results[6] - The company reported a significant increase in other operating income, which rose by 207.20% to ¥60,000.02, attributed to increased subsidies received[9] Business Operations and Future Plans - The company signed new orders worth RMB 146 million in Q1 2025, representing a year-on-year growth of 82.50%[16] - As of March 31, 2025, the company's backlog of orders was RMB 1.47 billion, a decrease of 25.76% year-on-year[16] - The company plans to provide a related guarantee of RMB 300 million for its subsidiary, Aolong Boat, and RMB 100 million for its wholly-owned subsidiary, Jianglong International[18] - The company intends to apply for a total comprehensive credit limit of up to RMB 2 billion from banks to support business expansion[19] Research and Development - The company is focusing on research and development, with R&D expenses reported at ¥9,043,716.61, down from ¥11,059,596.95, indicating a strategic shift in resource allocation[24] Audit Information - The company did not undergo an audit for the first quarter report[29]