JTGROUP(SH:601609)2023-04-28 16:00Financial Performance - In Q1 2023, the company reported a non-recurring profit of RMB 69,737,518.19, which includes government subsidies of RMB 49,332,167.00 and other non-operating income of RMB 1,198,990.60[7]. - The company's operating revenue for the first quarter of 2023 was RMB 24,012,894,099.77, representing a year-on-year increase of 12.11%[29]. - The net profit attributable to shareholders of the listed company decreased by 37.10% to RMB 84,437,198.57[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 86.33% to RMB 14,699,680.38[29]. - Basic earnings per share decreased by 33.33% to RMB 0.06[30]. - The company reported a net cash flow from operating activities of -¥4,118,529,591.22 for Q1 2023, worsening from -¥3,657,842,042.65 in Q1 2022[72]. - Net profit for Q1 2023 was a loss of approximately ¥16.44 billion, compared to a profit of ¥32.16 billion in Q1 2022, representing a significant decline[55]. - Total operating revenue for Q1 2023 reached ¥24,012,894,099.77, an increase of 12.5% compared to ¥21,419,974,065.84 in Q1 2022[70]. - Net profit for Q1 2023 was ¥88,240,527.43, a decrease of 33.3% from ¥132,265,175.51 in Q1 2022[71]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 22,957,189,982.16, an increase of 14.74% compared to the end of the previous year[30]. - The total liabilities amounted to RMB 15,067,564,364.28, up from RMB 12,236,807,986.70 in the previous year[21]. - The total assets as of March 31, 2023, were reported at ¥12,003,533,569.85, compared to ¥10,650,449,276.85 at the end of 2022, indicating an increase of approximately 12.7%[53]. - The total liabilities as of March 31, 2023, reached ¥7,938,206,097.67, an increase of approximately 20.7% compared to ¥6,576,174,772.93 at the end of 2022[53]. - Current liabilities reached approximately ¥8.12 billion, with short-term borrowings at about ¥2.14 billion[60]. - Total liabilities amounted to approximately $6.58 billion, with current liabilities at $3.48 billion and non-current liabilities at $3.10 billion[91]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 56,329, with the largest shareholder, Ningbo Jintian Investment Holding Co., Ltd., holding 28.15% of the shares[9]. - The company’s major shareholders include individuals with significant stakes, such as Lou Guoqiang with 21.77% and Lou Guojun with 3.56%[11]. - The company completed a share buyback of 38,316,797 shares, accounting for 2.59% of the total share capital, with a total expenditure of ¥281,951,106.06[38]. - The company plans to use between ¥150 million and ¥300 million for share repurchase, with a maximum repurchase price of ¥12.65 per share[37]. Cash Flow and Investments - The company's cash flow from operating activities was negative at RMB -4,118,529,591.22[30]. - The net cash outflow from investing activities for the first quarter of 2023 was ¥346,148,107.35, compared to a net outflow of ¥99,548,451.82 in the same period of 2022[49]. - Cash flow from financing activities generated a net inflow of approximately ¥1.81 billion in Q1 2023, compared to ¥1.78 billion in Q1 2022, indicating a slight increase[57]. - The company received approximately ¥3.39 billion in borrowings during Q1 2023, an increase from ¥2.96 billion in Q1 2022, indicating a growth of 14.5%[57]. Inventory and Accounts Receivable - Inventory increased to RMB 5,791,989,063.11 from RMB 4,929,593,209.53[20]. - The company's accounts receivable increased to ¥6,565,170,279.31 as of March 31, 2023, up from ¥5,200,212,896.26 at the end of 2022, representing a growth of 26.2%[42]. - Accounts receivable rose significantly to ¥1,298,277,788.00, up from ¥925,009,610.89, marking an increase of about 40.3%[75]. - Inventory increased to ¥2,101,886,564.65 from ¥1,826,354,132.91, reflecting a growth of approximately 15.0%[75]. Research and Development - Research and development expenses increased to approximately ¥45.33 million in Q1 2023, up from ¥37.11 million in Q1 2022, reflecting a growth of 22.1%[55]. - Research and development expenses increased to ¥110,311,104.51 in Q1 2023, compared to ¥78,434,602.11 in Q1 2022, marking a growth of 40.7%[70]. Compliance and Governance - The company has not conducted an audited financial report for Q1 2023, ensuring the accuracy and completeness of the financial information provided[3]. - The company emphasizes compliance with national policies regarding government subsidies, which are crucial for its normal business operations[7]. Future Plans - The company is focusing on expanding its market presence and enhancing its product offerings[65]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[74].