JONJEE(SH:600872)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥1,366,547,956.05, representing a year-on-year increase of 1.46%[4] - The net profit attributable to shareholders was ¥149,670,237.55, showing a decrease of 5.53% compared to the same period last year[4] - The basic earnings per share for the period was ¥0.1941, down by 5.55% year-on-year[5] - The consolidated net profit for Q1 2023 was CNY 159,470,000, a decrease of CNY 9,460,000, reflecting a decline of 5.60% year-on-year[21] - The parent company's net profit for Q1 2023 was CNY 149,670,000, a decrease of CNY 8,770,000, reflecting a decline of 5.53% year-on-year[21] - The net profit for Q1 2023 was CNY 159,474,722.63, a decrease of 5.4% compared to CNY 168,926,842.79 in Q1 2022[23] - The total profit for Q1 2023 was CNY -3,609,531.73, compared to CNY 26,817,070.45 in Q1 2022, reflecting a substantial decline[32] Cash Flow and Liquidity - The net cash flow from operating activities reached ¥195,130,966.05, a significant increase of 1,143.37%[5] - The cash flow from operating activities generated a net amount of CNY 195,130,966.05, a significant improvement from a negative cash flow of CNY -18,701,905.09 in Q1 2022[25] - The cash inflow from operating activities totaled CNY 1,477,060,384.01, compared to CNY 1,391,011,991.04 in the same period last year, representing a growth of 6.2%[25] - The company's cash and cash equivalents at the end of Q1 2023 were CNY 587,521,272.47, up from CNY 540,177,098.66 at the beginning of the quarter[26] - The company's cash inflow from operating activities totaled CNY 9,504,599.47, slightly up from CNY 9,362,750.74 in Q1 2022[34] - The company's total cash outflow from operating activities was CNY 47,951,578.87, compared to CNY 64,229,754.43 in the same quarter last year[34] Assets and Liabilities - Total assets at the end of the reporting period were ¥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 CNY 3,355,232,366.64, an increase from CNY 3,237,329,149.35 as of December 31, 2022[18] - The total liabilities decreased to CNY 2,593,847,954.51 from CNY 2,758,540,203.95, indicating a reduction in financial obligations[20] - The total assets of the company reached CNY 3,036,841,912.22, a marginal increase from CNY 3,019,553,477.03 at the end of 2022[29] - The total liabilities increased to CNY 3,240,548,768.11 from CNY 3,220,455,711.46, indicating a rise in the company's obligations[29] Shareholder Information - As of March 31, 2023, the total number of common shareholders was 56,829, with the largest shareholder, Zhongshan Runtian Investment Co., Ltd., holding 107,990,156 shares, representing 13.75% of the total share capital[11] - Zhongshan Runtian Investment Co., Ltd. has pledged 100% of its shares, totaling 107,990,156 shares, which accounts for 13.75% of the company's total share capital[13] - The company has repurchased 14,388,000 shares, representing 1.83% of the total share capital, as of March 31, 2023[13] Operational Highlights - The revenue from the main subsidiary, Meiwai Xian, increased by CNY 96,710,000 in Q1 2023, marking a growth of 7.87% compared to the previous year[21] - The company headquarters reported a revenue decline of CNY 56,200,000, a decrease of 67.84% year-on-year[21] - The inventory as of March 31, 2023, was CNY 1,643,876,273.46, down from CNY 1,669,708,259.36, indicating a reduction in stock levels[19] - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[30] Legal and Investigative Matters - The company has recognized a total estimated liability of 117,835.89 million RMB related to three ongoing lawsuits, which has been fully accounted for in the 2022 operating expenses[15] - The company’s vice presidents, Zhang Weihua and Zhu Hongbin, are under investigation and have been placed under detention by the Zhongshan Municipal Supervision Commission[16]