JSSS(SH:600220)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 259.02% to a loss of CNY 38,953,413.76 compared to the same period last year[6]. - Operating revenue decreased by 29.53% to CNY 289,311,573.53 compared to the same period last year[6]. - Basic earnings per share decreased by 257.38% to CNY -0.0218 compared to CNY -0.0061 in the same period last year[6]. - Total revenue for Q1 2020 decreased significantly, resulting in an operating profit of -32,715,561.07 RMB, a decline of 4962.58% compared to the previous year[13]. - Net profit attributable to the parent company was -38,953,413.76 RMB, representing a 259.02% increase in losses year-over-year[13]. - The company reported a significant decrease in other income, down 50.25% to 1,034,691.11 RMB, primarily due to reduced government subsidies[13]. - The company's total comprehensive income for the period was -43,622,568.40 RMB, reflecting a 666.09% increase in losses year-over-year[13]. - The company's operating profit for Q1 2020 was -¥34,734,661.14, compared to -¥15,681,713.29 in Q1 2019, showing increased operational losses[28]. - The net profit for Q1 2020 was a loss of ¥37,904,147.85, compared to a loss of ¥6,857,080.57 in Q1 2019, reflecting a significant decline in profitability[26]. Cash Flow and Liquidity - Net cash flow from operating activities improved to CNY 41,504,283.80 from a negative CNY 88,125,825.19 in the previous year[6]. - Cash flow from operating activities showed a net inflow of 41,504,283.80 RMB, a change of -147.10% compared to the previous year, primarily due to reduced cash payments for goods and services[13]. - Total cash inflow from operating activities was ¥352,718,243.99, while cash outflow was ¥311,213,960.19, resulting in a net cash inflow of ¥41,504,283.80[32]. - The net cash flow from operating activities for Q1 2020 was ¥41,504,283.80, a significant improvement compared to a net outflow of ¥88,125,825.19 in Q1 2019[32]. - The cash outflow for purchasing goods and services was ¥141,947,520.31 in Q1 2020, down from ¥524,444,622.06 in Q1 2019, indicating a reduction of about 73.0%[32]. Assets and Liabilities - Total assets increased by 1.40% to CNY 5,083,836,894.20 compared to the end of the previous year[6]. - Current assets totaled 2,430,996,924.56 RMB, compared to 2,332,221,297.96 RMB in the previous year, indicating growth in liquidity[19]. - Total liabilities increased to CNY 2,933,718,506.43 in Q1 2020 from CNY 2,728,759,791.79 in Q1 2019, reflecting a rise of 7.5%[23]. - The company's total assets reached CNY 5,060,289,842.97, up from CNY 4,890,515,189.47 in the previous year[24]. - Cash and cash equivalents were CNY 399,169,464.07, compared to CNY 282,059,407.16 in the previous period, indicating a significant increase[22]. - Inventory levels rose to CNY 964,814,824.97 from CNY 917,012,964.44, showing a growth of 5.2%[22]. - The total equity attributable to shareholders was CNY 2,126,571,336.54, down from CNY 2,161,755,397.68, indicating a decrease of 1.6%[24]. Shareholder Information - The number of shareholders reached 122,139, with the top ten shareholders holding a combined voting power of 31.52%[10][11]. Investment Activities - The company invested 480 million RMB in the establishment of a wholly-owned subsidiary in Ethiopia, which has commenced trial production[13]. - Investment activities resulted in a net cash outflow of -17,132,180.49 RMB, a decrease of 73.27% compared to the previous year[13]. Government Subsidies and Other Income - The company reported a government subsidy of CNY 1,034,691.11 during the period[8]. - The company experienced a decrease in cash received from sales of goods and services, totaling ¥204,371,941.20 in Q1 2020 compared to ¥338,660,688.37 in Q1 2019, representing a decline of approximately 39.6%[35].