JSZY(SH:600770)2021-04-28 16:00Financial Performance - Operating revenue for the period was CNY 111,294,015.36, representing a year-on-year increase of 41.33%[6] - Net profit attributable to shareholders was CNY 35,077,297.64, a slight increase of 0.81% compared to the same period last year[6] - The company reported a gross profit margin of approximately 25.9% for Q1 2021, compared to 28.7% in Q1 2020[27] - The company's net profit for Q1 2021 was -12,009,143.33 RMB, an improvement from -17,460,250.13 RMB in Q1 2020, representing a reduction of approximately 31.5%[30] - The company reported a significant increase in other income, reporting CNY 1,110,144.19 in Q1 2021 compared to CNY 1,462,780.47 in Q1 2020[27] Cash Flow - The net cash flow from operating activities was negative CNY 9,244,266.55, compared to negative CNY 2,018,481.23 in the same period last year[6] - The net cash flow from operating activities for Q1 2021 was -9,244,266.55 RMB, worsening from -2,018,481.23 RMB in Q1 2020[32] - Investment activities resulted in a net cash outflow of -212,763,030.81 RMB in Q1 2021, compared to -112,675,161.75 RMB in Q1 2020, reflecting increased investment expenditures[32] - Cash inflow from financing activities in Q1 2021 was ¥91,000,000.00, down from ¥115,700,000.00 in Q1 2020, representing a decrease of approximately 21.4%[35] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,046,523,225.59, a decrease of 0.22% compared to the end of the previous year[6] - The total assets as of March 31, 2021, amounted to ¥6,046,523,225.59, slightly down from ¥6,059,686,717.47 at the end of the previous year[1] - Total liabilities as of March 31, 2021, were CNY 1,060,888,033.14, a decrease of 4.4% from CNY 1,109,282,524.48 at the end of 2020[24] - The total liabilities for Q1 2021 were ¥985,844,577.97, which is an increase from ¥982,985,210.57 in Q1 2020, indicating a rise of about 0.3%[39] Shareholder Information - The number of shareholders at the end of the reporting period was 74,257[9] - The largest shareholder, Nantong Zongyi Investment Co., Ltd., held 25.69% of the shares, with 333,955,709 shares pledged[9] - The second-largest shareholder, Zan Shengda, held 18.45% of the shares, with 239,885,029 shares pledged[9] Investment and Financing Activities - Long-term borrowings increased by 44.44% to ¥130,000,000.00 from ¥90,000,000.00, due to new construction project financing by a subsidiary[1] - The company has completed the transfer of 100% equity of its wholly-owned subsidiary, receiving a total of ¥160,000,000 in three installments[1][2] - The company raised 131,000,000.00 RMB through borrowings in Q1 2021, up from 100,000,000.00 RMB in Q1 2020[32] Future Outlook - The company is focused on expanding its market presence and enhancing product offerings through new technology development[43] - Future outlook includes strategic initiatives aimed at improving financial performance and operational efficiency[44] - The company is exploring potential mergers and acquisitions to bolster growth and market share[43]