JCET(SH:600584)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥5,860,195,186.42, representing a decrease of 27.99% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥109,928,612.98, down 87.24% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥56,290,404.61, a decline of 92.80% compared to the previous year[5]. - Basic earnings per share were ¥0.06, reflecting an 87.50% decrease from the same period last year[6]. - The company's net profit margin for Q1 2023 was approximately 1.5%, compared to 1.0% in Q1 2022[20]. - The total profit for the period was CNY 140,714,000.09, a decrease of 85.32% compared to CNY 956,012,001.43 in the same quarter last year[21]. - The company achieved a basic and diluted earnings per share of CNY 0.06, down from CNY 0.48 in Q1 2022[22]. Cash Flow and Assets - The net cash flow from operating activities was ¥1,233,739,882.22, down 24.75% year-on-year[5]. - Cash and cash equivalents as of March 31, 2023, amounted to RMB 3,312,426,076.71, an increase of 34.8% from RMB 2,458,871,191.82 at the end of 2022[15]. - The net cash flow from operating activities was CNY 1,233,739,882.22, a decrease of 24.73% compared to CNY 1,639,597,960.59 in Q1 2022[25]. - The company reported a net cash flow from investing activities of CNY 350,964,271.41, recovering from a loss of CNY 1,488,560,530.62 in the previous year[26]. - The cash and cash equivalents at the end of Q1 2023 were CNY 3,306,295,076.71, an increase from CNY 2,512,467,111.97 at the end of Q1 2022[26]. Operational Metrics - The decline in profits was primarily due to weak global terminal market demand and reduced order volumes, leading to lower capacity utilization[9]. - The company implemented strict control over operational expenses to mitigate some adverse impacts[9]. - Total operating costs for Q1 2023 were RMB 5,772,321,391.45, down 20.5% from RMB 7,267,406,497.27 in Q1 2022[20]. - Research and development expenses for Q1 2023 were RMB 308,746,841.24, slightly down from RMB 322,062,638.86 in Q1 2022[20]. Balance Sheet - Total assets at the end of the reporting period were ¥37,166,514,013.22, a decrease of 5.69% from the end of the previous year[6]. - Total assets decreased to RMB 37,166,514,013.22 as of March 31, 2023, from RMB 39,407,731,739.01 at the end of 2022, a reduction of 5.6%[18]. - Total liabilities as of March 31, 2023, were RMB 12,521,119,736.36, down 15.1% from RMB 14,764,998,533.82 at the end of 2022[17]. - The company reported a total equity of RMB 24,645,394,276.86 as of March 31, 2023, a marginal increase from RMB 24,642,733,205.19 at the end of 2022[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 283,785[11]. Future Outlook - The company plans to focus on market expansion and new product development to improve future performance[21].