JSSMDL(SH:603530)2020-04-27 16:00Financial Performance - Operating revenue for the current period was ¥103,230,083.84, representing a decrease of 10.57% year-on-year[10]. - Net profit attributable to shareholders was ¥19,856,947.32, an increase of 26.78% compared to the same period last year[10]. - The company reported a net profit of ¥20,312,689.64 after deducting non-recurring gains and losses, which is a 38.51% increase year-on-year[10]. - Basic earnings per share rose to ¥0.05, reflecting a growth of 25.00% compared to the same period last year[10]. - The total profit for Q1 2020 was approximately ¥23.58 million, an increase of 29.4% from ¥18.25 million in Q1 2019[48]. - The net profit for Q1 2020 was approximately ¥19.86 million, representing an increase of 26.1% from ¥15.66 million in Q1 2019[49]. - The operating profit for Q1 2020 was approximately ¥24.82 million, up from ¥18.21 million in Q1 2019, indicating a growth of 36.5%[48]. Cash Flow - Net cash flow from operating activities was -¥5,268,185.82, a significant decline of 111.00% year-on-year[10]. - Cash received from sales decreased by 30.75% to ¥91,574,542.83, attributed to reduced sales collections[24]. - Cash received from tax refunds decreased by 54.99% to ¥4,318,932.14, mainly due to discrepancies in export tax refund claims[24]. - Cash paid for operating activities increased by 87.19% to ¥23,574,984.54, primarily due to increased guarantee payments[24]. - Cash inflow from operating activities for Q1 2020 was CNY 97,607,891.32, a decrease of 31.3% compared to CNY 142,204,616.17 in Q1 2019[66]. - Total cash outflow from operating activities was CNY 102,876,077.14, an increase of 9.5% from CNY 94,328,717.07 in Q1 2019[66]. - Cash and cash equivalents decreased by 43.61% to ¥192,412,358.27, primarily due to increased investments in financial products[19]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,362,496,232.95, a slight increase of 0.25% compared to the previous year[10]. - The total liabilities as of March 31, 2020, were approximately ¥267.27 million, down from ¥283.76 million at the end of 2019, a decrease of 5.8%[42]. - Total current assets amounted to ¥842,545,161.09, with cash and cash equivalents at ¥341,189,546.27[72]. - Total non-current assets reached ¥516,587,291.51, contributing to total assets of ¥1,359,132,452.60[75]. - The company's equity attributable to shareholders was ¥1,075,322,764.42, with retained earnings at ¥438,773,820.85[77]. Shareholder Information - The total number of shareholders at the end of the reporting period was 22,220[15]. - The largest shareholder, Shanghai Shima Power Holding Co., Ltd., holds 67.49% of the shares, with 270,000,000 shares pledged[15]. Non-Recurring Items - Non-recurring gains and losses totaled -¥455,742.32 for the current period[13]. - The company experienced a credit impairment loss of approximately -¥780,282.24 in Q1 2020, compared to a gain of ¥2,096,260.93 in Q1 2019[56]. Revenue Recognition Changes - The implementation of the new revenue standard resulted in a reclassification of accounts receivable to contract assets, increasing contract assets by ¥30,961,665.75[78]. - The company adopted the new revenue recognition standard, impacting the classification of certain receivables and liabilities[89].