JONJEE(SH:600872)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,366,547,956.05, representing a year-on-year increase of 1.46%[4] - The net profit attributable to shareholders was CNY 149,670,237.55, showing a decrease of 5.53% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 144,361,806.13, down 7.09% year-on-year[4] - The basic earnings per share for the period was CNY 0.1941, reflecting a decrease of 5.55%[5] - The net profit for Q1 2023 was RMB 159.47 million, a decrease of RMB 9.46 million or 5.60% year-on-year[19] - The net profit attributable to the parent company was RMB 149.67 million, down by RMB 8.77 million or 5.53% year-on-year[19] - Net profit for Q1 2023 was CNY 159,474,722.63, down from CNY 168,926,842.79 in Q1 2022, indicating a decrease of about 5.4%[21] - The total profit for Q1 2023 was CNY -3,609,531.73, compared to CNY 26,817,070.45 in Q1 2022[30] Cash Flow - The net cash flow from operating activities was CNY 195,130,966.05, a significant increase of 1,143.37%[5] - The company reported a net cash flow from operating activities of CNY 195,130,966.05 in Q1 2023, a significant improvement compared to a net outflow of CNY 18,701,905.09 in Q1 2022[23] - The company generated CNY 9,504,599.47 in cash inflows from operating activities, compared to CNY 9,362,750.74 in Q1 2022[32] - Cash flow from operating activities showed a net outflow of CNY -38,446,979.40, an improvement from a net outflow of CNY -54,867,003.69 in Q1 2022[32] - The company's cash and cash equivalents increased to RMB 704.06 million from RMB 628.36 million year-on-year[16] - The company's cash and cash equivalents at the end of Q1 2023 were ¥587,521,272.47, up from ¥540,177,098.66 at the beginning of the quarter[24] Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,218,068,447.08, a slight decrease of 0.09% from the end of the previous year[5] - The total current assets as of March 31, 2023, amounted to RMB 3,355.23 million, an increase from RMB 3,237.33 million at the end of 2022[16] - The total liabilities decreased to RMB 2,593.85 million from RMB 2,758.54 million at the end of 2022, indicating a reduction in financial obligations[18] - The total liabilities increased to ¥3,240,548,768.11 in Q1 2023 from ¥3,220,455,711.46 in the previous period, indicating a rise in the company's debt levels[27] - The total assets as of March 31, 2023, were ¥3,036,841,912.22, slightly up from ¥3,019,553,477.03 at the end of 2022[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 56,829[10] - The largest shareholder, Zhongshan Runtian Investment Co., Ltd., holds 107,990,156 shares, accounting for 13.75% of the total share capital[11] - The company has repurchased 14,388,000 shares, representing 1.83% of the total share capital as of March 31, 2023[11] - The top ten shareholders collectively hold a significant portion of the company's shares, with the top three alone accounting for over 29%[10] Legal and Regulatory Issues - The company has recognized a total estimated liability of 117,835.89 million RMB related to three ongoing lawsuits[13] - The company has a pending appeal regarding the first-instance judgment of two lawsuits related to land use rights[13] - The company’s management has faced legal scrutiny, with two executives under investigation for suspected violations[14] - The company has a 33.44% stake in Zhonghui Hechuang, which has been seized as part of a property preservation measure[12] - The company has not reported any balances with Zhongshan Torch Industrial Union Co., Ltd. related to the aforementioned lawsuits[13] Operational Performance - The revenue from the main subsidiary, Meiwei Xian, increased by RMB 96.71 million or 7.87% year-on-year, contributing RMB 1,325.87 million to total revenue[19] - The company headquarters reported a revenue decline of RMB 56.20 million or 67.84% year-on-year, totaling RMB 26.64 million[19] - Total operating costs for Q1 2023 were CNY 1,199,918,661.33, an increase from CNY 1,163,422,938.70 in Q1 2022, representing a growth of approximately 3.1%[21] - Research and development expenses increased to CNY 43,870,215.70 in Q1 2023 from CNY 39,384,340.34 in Q1 2022, reflecting a rise of approximately 12.6%[21] - The company reported a loss of RMB 2.80 million at the headquarters level, a significant decrease in loss compared to RMB 23.20 million in the previous year[19] - The company reported a net loss of ¥710,615,828.81 in Q1 2023, compared to a loss of ¥707,811,207.35 in the previous period, indicating ongoing financial challenges[27]