JSCN(SH:600959)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,793,687,506.52, representing a year-on-year increase of 2.36%[7] - The net profit attributable to shareholders for the same period was CNY 93,865,848.56, reflecting a growth of 2.03% compared to the previous year[7] - The basic and diluted earnings per share were both CNY 0.0188, showing an increase of 2.17% year-on-year[7] - Total operating revenue for Q1 2023 was CNY 1,793,687,506.52, an increase from CNY 1,752,257,278.68 in Q1 2022, representing a growth of approximately 2.36%[20] - Total operating costs for Q1 2023 were CNY 1,856,172,733.69, up from CNY 1,784,967,273.37 in Q1 2022, indicating an increase of about 3.99%[20] - Net profit attributable to shareholders for Q1 2023 was CNY 19,917,878.18, slightly up from CNY 19,874,184.29 in Q1 2022[21] - The net profit for Q1 2023 was approximately ¥113.78 million, an increase from ¥111.87 million in Q1 2022, representing a growth of about 1.7%[38] - The total profit for Q1 2023 was approximately ¥114.33 million, slightly higher than ¥113.11 million in Q1 2022, indicating a marginal increase[38] Cash Flow - The net cash flow from operating activities was CNY 25,616,577.31, with no applicable year-on-year comparison[7] - Cash flow from investment activities in Q1 2023 showed a net outflow of CNY -279,812,654.58, compared to CNY -271,052,052.62 in Q1 2022[22] - Cash flow from financing activities in Q1 2023 resulted in a net inflow of CNY 411,649,110.54, up from CNY 196,017,303.23 in Q1 2022[22] - Cash flow from operating activities showed a net outflow of -3,251,822.69 CNY, an improvement from -53,425,321.61 CNY in the first quarter of 2022[62] - The total cash outflow for operating activities was 1,739,729,438.68 CNY, compared to 1,652,053,579.01 CNY in the first quarter of 2022[62] Assets and Liabilities - The total current assets as of March 31, 2023, were CNY 10,814,872,218.58, an increase from CNY 10,514,806,864.26 at the end of 2022[16] - Total assets at the end of Q1 2023 were CNY 37,187,678,599.25, a slight increase of 0.71% from CNY 36,926,520,504.38 at the end of the previous year[25] - The total liabilities increased to 14,252,157,631.07 CNY from 14,104,783,262.94 CNY year-over-year[52] - The total current assets rose to ¥8,080,107,878.42 as of March 31, 2023, from ¥7,766,815,745.33 at the end of December 2022, marking an increase of approximately 4.03%[44] - The total liabilities increased to ¥13,529,433,083.36 as of March 31, 2023, compared to ¥13,179,602,744.19 at the end of December 2022, reflecting a rise of approximately 2.65%[44] Shareholder Information - Total number of common shareholders at the end of the reporting period was 110,033[69] - Jiangsu Guojin Group holds 46.61% of shares, with 311,762,809 shares pledged[69] - The total owner's equity increased to 22,935,520,968.18 CNY from 22,821,737,241.44 CNY year-over-year[52] Research and Development - Research and development expenses for Q1 2023 were CNY 18,969,777.03, down from CNY 24,188,004.22 in Q1 2022, indicating a decrease of approximately 21.5%[20] - Research and development expenses for Q1 2023 were ¥18,817,074.74, slightly down from ¥19,252,520.23 in Q1 2022, indicating a focus on cost management[45] Other Financial Metrics - The weighted average return on net assets for Q1 2023 was 0.4254%, an increase of 0.0042 percentage points compared to the previous year[25] - The company's cash and cash equivalents at the end of the period reached CNY 36.00 million, attributed to increased cash inflows from operating activities and borrowings[10] - The company's cash inflow from other operating activities was approximately ¥323.06 million in Q1 2023, compared to ¥283.24 million in Q1 2022, reflecting an increase of about 14.1%[40] - The company's inventory increased to ¥470,426,265.47 from ¥412,359,333.06, representing a growth of about 14.06%[42] Challenges and Declines - Operating profit declined by 88.38% attributed to increased operating costs[66] - Other income decreased by 43.78% due to a reduction in government subsidies[66] - Credit impairment losses increased significantly by 4,215.21% due to higher provisions for bad debts[66] - Cash received from the disposal of fixed assets decreased by 56.72% due to fewer asset disposals[66] - Investment income cash receipts decreased by 39.61% due to reduced trust income[66]