JASIC(SZ:300193)2025-04-25 09:20Financial Performance - The company's revenue for Q1 2025 was CNY 278,582,587.20, representing a 4.28% increase compared to CNY 267,143,959.94 in the same period last year[3]. - Net profit attributable to shareholders decreased by 5.19% to CNY 47,377,681.44 from CNY 49,970,696.01 year-on-year[3]. - Total operating revenue for the current period reached ¥278,582,587.20, an increase of 4.9% compared to ¥267,143,959.94 in the previous period[27]. - Net profit for the current period was ¥47,045,806.91, a decrease of 5.2% from ¥49,595,734.19 in the previous period[28]. - The company reported a total comprehensive income of ¥47,870,546.57, down from ¥49,125,302.92, a decrease of 2.6%[28]. Cash Flow and Liquidity - The net cash flow from operating activities improved by 32.33%, reaching CNY -23,148,173.96, compared to CNY -34,209,175.46 in the previous year[3]. - Cash flow from operating activities showed a net outflow of ¥23,148,173.96, an improvement from a net outflow of ¥34,209,175.46 in the previous period[30]. - The company's cash and cash equivalents decreased significantly by 446.14%, resulting in a net decrease of CNY -152,699,795.04, mainly due to reduced redemption of financial products[13]. - The ending balance of cash and cash equivalents was $588,101,809.25, down from $740,801,604.29 at the beginning of the period[31]. - The cash flow from investment activities was significantly negative, indicating high capital expenditures[31]. Assets and Liabilities - Total assets increased by 1.28% to CNY 3,078,875,143.05 from CNY 3,039,825,423.52 at the end of the previous year[3]. - The company's total liabilities decreased to ¥785,798,626.86 from ¥794,619,453.90, a reduction of 1.0%[25]. - The total liabilities amounted to CNY 1,080,000,000, with current liabilities accounting for a significant portion[23]. - Accounts receivable increased to CNY 262,265,672.85 from CNY 219,161,558.69, reflecting a growth of approximately 19.7%[23]. - Short-term borrowings increased by 39.11% to CNY 160,093,816.66, attributed to higher bank borrowings during the reporting period[9]. Investment and Financing Activities - The net cash flow from financing activities surged by 4666.08% to CNY 41,409,423.04, mainly due to increased short-term bank loans[13]. - Cash inflow from financing activities totaled $46,478,622.90, while cash outflow was $5,069,199.86, resulting in a net cash flow of $41,409,423.04[31]. - The company received $45,000,000.00 in cash from borrowings during the financing activities[31]. - The cash outflow for the acquisition of fixed assets, intangible assets, and other long-term assets was $20,629,156.66[31]. - The cash inflow from the disposal of fixed assets, intangible assets, and other long-term assets was $11,200.00[31]. Shareholder and Corporate Governance - The company has a total of 17,348,862 shares repurchased, representing 3.51% of the total share capital, making it the fourth largest shareholder[15]. - The board of directors and supervisory board were re-elected during the shareholder meetings held in January and February 2025[19]. - The company has not disclosed any related party transactions among the top shareholders, except for the agreement between Pan Lei and Xu Aiping[15]. Research and Development - Research and development expenses rose to ¥17,704,443.55, compared to ¥16,007,942.56, indicating an increase of 10.6%[27]. Accounting and Standards - The company did not undergo an audit for the first quarter report[33]. - The company will implement new accounting standards starting in 2025[32].