JQSY(SH:600212)2025-04-28 10:55Financial Performance - The company's operating revenue for Q1 2025 was CNY 201,389,631.41, representing a 31.33% increase compared to CNY 153,342,762.29 in the same period last year[4] - The net loss attributable to shareholders was CNY -6,984,539.31, slightly improved from CNY -7,525,677.84 year-over-year[4] - The basic and diluted earnings per share were both CNY -0.0099, showing a slight improvement from CNY -0.0108 in the previous year[4] - Net loss for Q1 2025 was ¥8,443,972.62, compared to a net loss of ¥7,837,313.10 in Q1 2024, indicating a decline in profitability[18] - Total equity decreased to ¥522,492,935.61 in Q1 2025 from ¥534,136,859.15 in Q1 2024, a decline of 2.3%[16] Cash Flow - The net cash flow from operating activities was CNY -96,078,246.84, worsening from CNY -63,091,297.24 in the previous year[4] - Cash flow from operating activities for Q1 2025 was negative at ¥-96,078,246.84, worsening from ¥-63,091,297.24 in Q1 2024[20] - The company reported a total cash inflow from operating activities of ¥231,980,006.71 in Q1 2025, up from ¥164,907,795.28 in Q1 2024[20] - Net cash flow from investment activities was -$5,667,322.06, a decrease from -$6,727,371.51 in the previous period[21] - Cash inflow from financing activities totaled $79,637,247.16, significantly higher than $100,000.00 in the prior period[21] - Net cash flow from financing activities was $57,621,702.61, compared to a negative $90,181,914.04 last year[21] - The total cash and cash equivalents at the end of the period decreased to $189,271,715.02 from $225,104,668.47[21] - The net increase in cash and cash equivalents was -$44,099,857.45, compared to -$159,983,869.64 in the previous period[21] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,653,384,556.91, an increase of 5.60% from CNY 1,565,762,881.00 at the end of the previous year[5] - The company's current assets totaled RMB 1,346,978,312.09, compared to RMB 1,258,104,480.46 in the previous period, indicating an increase of about 7.0%[14] - The total liabilities of the company were not explicitly stated, but the increase in current liabilities, particularly in accounts payable, which decreased to RMB 381,419,164.49 from RMB 396,523,894.71, indicates a reduction of about 3.8%[14] - Total liabilities increased to ¥1,130,891,621.30 in Q1 2025 from ¥1,031,626,021.85 in Q1 2024, reflecting a growth of 9.6%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 33,554[9] - The largest shareholder, Shenzhen Jinghong Yicheng Industrial Development Co., Ltd., held 70,280,485 shares, accounting for 9.98% of the total shares, with 32,550,000 shares pledged[10] Government Support and Expenses - The company received government subsidies amounting to CNY 534,961.98 during the period, which positively impacted the financial results[7] - Research and development expenses for Q1 2025 were ¥15,648,173.36, up 69.5% from ¥9,229,605.75 in Q1 2024, indicating increased investment in innovation[17] - Sales expenses rose to ¥31,425,880.00 in Q1 2025, compared to ¥21,563,912.95 in Q1 2024, marking a 45.7% increase[17] Other Financial Metrics - The weighted average return on equity was -1.39%, a decrease of 0.06 percentage points compared to -1.33% in the previous year[5] - The company's short-term borrowings increased significantly to RMB 139,699,887.50 from RMB 70,101,822.17, marking an increase of approximately 99.5%[14] - The company reported a significant increase in contract liabilities, which rose to RMB 62,609,704.17 from RMB 31,327,834.90, reflecting a growth of approximately 99.0%[14] - The company's goodwill remained stable at RMB 76,870,180.37, indicating no change from the previous reporting period[14] - The company’s total non-current assets were RMB 306,406,244.82, slightly down from RMB 307,658,400.54, reflecting a decrease of about 0.4%[14] Accounting Standards - The company plans to implement new accounting standards starting in 2025[21]