QJCT(SH:600706)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥197,851,154.54, a decrease of 28.23% compared to ¥262,071,348.92 in the same period last year[2] - The net profit attributable to shareholders was -¥50,421,112.12, compared to -¥20,235,016.17 in the previous year, indicating a significant decline[2] - The net cash flow from operating activities was -¥100,982,251.71, worsening from -¥77,528,324.33 in the same period last year[2] - Basic and diluted earnings per share were both -¥0.20, down from -¥0.09 year-on-year[2] - The company reported a total revenue of 1,733,102 million RMB for the first quarter of 2022[11] - Total operating revenue for Q1 2022 was ¥197.85 million, a decrease of 28.2% compared to ¥275.66 million in Q1 2021[24] - Net profit for Q1 2022 was a loss of ¥54.09 million, compared to a loss of ¥22.25 million in Q1 2021, representing a 142.5% increase in losses year-over-year[24] - Cash flow from operating activities in Q1 2022 was a net outflow of ¥100.98 million, compared to a net outflow of ¥82.73 million in Q1 2021[25] - The company experienced a significant increase in management expenses, which rose to ¥45.26 million in Q1 2022 from ¥41.13 million in Q1 2021, an increase of 10.5%[24] - Other income decreased to ¥322.50 thousand in Q1 2022 from ¥1.62 million in Q1 2021, a decline of 80.1%[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,652,851,747.53, a decrease of 2.74% from ¥3,755,700,815.34 at the end of the previous year[2] - The company's current assets totaled RMB 1,477,028,990.04, down from RMB 1,544,156,603.59, indicating a decrease of about 4.35%[22] - The company's cash and cash equivalents decreased significantly from RMB 398,896,773.11 to RMB 226,632,851.33, a decline of approximately 43.2%[22] - Accounts receivable increased from RMB 1,000,269,269.64 to RMB 1,105,435,442.75, representing an increase of about 10.5%[22] - Total liabilities decreased from RMB 2,522,566,267.45 to RMB 2,471,311,822.61, a reduction of approximately 2.03%[23] - The company's short-term borrowings increased from RMB 130,360,269.14 to RMB 161,132,628.96, an increase of about 23.6%[23] - The company's total equity decreased from RMB 1,233,134,547.89 to RMB 1,181,539,924.92, reflecting a decline of approximately 4.2%[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,767[10] - The top shareholder, Xi'an Qujiang Tourism Investment (Group) Co., Ltd., holds 114,511,121 shares of common stock[11] Company Activities and Developments - The company completed the acquisition of 100% equity in Xi'an Modern Tang Street Management Co., Ltd., which is expected to enhance its market position[4] - The company did not report any new product launches or technological advancements during this quarter[8] - The company has received government subsidies, details of which were announced on January 5, 2022[12] - The company has reported progress on accounts receivable collection as of January 27, 2022[13] - The company experienced abnormal stock trading fluctuations, with multiple announcements made between January 22 and April 26, 2022[12][13][16][17] - The company announced a profit distribution plan for the 2021 annual report on April 27, 2022[18] - The company is in the process of reappointing its accounting firm, with details released on April 27, 2022[18] - The company held its 2021 annual shareholders' meeting on April 27, 2022[18] - The company has not disclosed any related party transactions in the recent reports[18] - The company has not provided specific guidance for future performance in the available documents[11][12][13] Legal and Regulatory Matters - The company is currently involved in a civil lawsuit seeking compensation of RMB 30.1 million for property damage, with the case awaiting court judgment[19] - The company reported no overdue loans during the reporting period[20] - The company has not faced any administrative penalties or investigations related to environmental protection laws[20]