JCON(BJ:836149)2025-04-29 14:31Financial Performance - Operating revenue decreased by 53.44% to CNY 84,067,802.15 from CNY 180,567,174.74 in the same period last year[10]. - Net profit attributable to shareholders decreased by 14.08% to CNY 8,890,795.02 from CNY 10,347,984.52 year-on-year[10]. - The basic earnings per share decreased by 14.29% to CNY 0.12 from CNY 0.14[10]. - Operating revenue fell by 53.44% to ¥84,067,802.15, primarily due to a decrease in domestic business orders[13]. - Operating costs decreased by 54.56% to ¥71,584,668.53, reflecting the decline in sales revenue[13]. - The net profit for Q1 2025 reached CNY 10,314,134.79, compared to CNY 13,708,709.42 in Q1 2024, reflecting a decrease of approximately 24.3%[58]. - The total profit for Q1 2025 was CNY 12,272,531.75, compared to CNY 16,110,685.64 in Q1 2024, representing a decrease of approximately 23.5%[58]. - The company reported a revenue of 11,420,000.00 for the current period, compared to 9,992,500.00 in the previous period, indicating an increase of approximately 14.3%[31]. Assets and Liabilities - Total assets increased by 64.60% to CNY 1,275,575,717.10 compared to CNY 774,948,815.82 at the end of the previous year[10]. - The company's debt-to-asset ratio (consolidated) increased to 82.71% from 79.53%[10]. - The total liabilities of the company amounted to CNY 1,055,045,165.56, up from CNY 616,315,776.78, marking an increase of around 71.2%[50]. - The company's equity attributable to shareholders rose to CNY 168,675,264.79 from CNY 154,054,492.41, showing an increase of about 9.5%[50]. - The company has pledged 100% equity of its 16 subsidiaries as collateral for long-term payables and loans, totaling CNY 229,686,128.72[43]. - The company reported a judicial freeze on bank deposits amounting to CNY 6,679,900, which constitutes 0.52% of total assets, with no significant impact on operations[44]. Cash Flow - Cash flow from operating activities increased significantly by 509.08% to CNY 216,993.93 compared to CNY 35,626.72 in the previous year[10]. - The cash flow from operating activities for Q1 2025 was CNY 216,993.93, a decrease from CNY 35,626.72 in Q1 2024[60]. - The net cash flow from investment activities was -¥45,649,200.00, worsening from -¥3,920,246.00 year-over-year[64]. - Cash inflow from financing activities reached ¥107,287,243.37, significantly higher than ¥51,088,791.69 in Q1 2024[64]. Inventory and Borrowings - Inventory surged by 1,662.59% to CNY 353,414,914.62, primarily due to the consolidation of Xin Yude[12]. - Short-term borrowings rose by 32.31% to CNY 286,922,655.58, attributed to the consolidation of Xin Yude[12]. - Long-term borrowings increased significantly, with a balance of ¥205,806,442.63, driven by the acquisition loans and three-year loans[13]. Acquisitions and Investments - The company completed the acquisition of Xin Yude, resulting in the addition of goodwill valued at CNY 3,035,668.06[12]. - The acquisition of 47% equity in Zhongxin Xude was completed for 47,874,200 CNY, with the total assessed value of 100% equity at 102,414,600 CNY, indicating a valuation increase of 3,733,940 CNY or 57.38%[37]. - The company is actively pursuing market expansion and new technology development, with several projects scheduled for completion by 2034[35]. Future Outlook - Future guidance indicates a revenue forecast of 600,000.00 for the next quarter, up from 526,500.00, suggesting a growth of about 13.9%[28]. - The company aims to achieve a revenue target of 29,800,000.00 by 2034, representing a significant growth trajectory[32]. - The company is committed to sustainability, with plans to reduce carbon emissions by 30% by 2030 through innovative energy solutions[32]. User Engagement and Market Expansion - User data shows a significant increase in new projects, with 2,250,000.00 and 2,750,000.00 reported for 2024, reflecting a growth strategy[27]. - User data indicates a significant increase in customer engagement, with a reported growth rate of 15% in the last quarter[34]. - The company is focusing on expanding its market presence, with plans to enter three new regions by 2025, aiming for a market share increase of 10%[34].