JSSMDL(SH:603530)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 194,420,849.46, representing a year-on-year increase of 20.57%[3] - The net profit attributable to shareholders for the same period was CNY 14,833,658.21, showing a significant increase of 1725.94% compared to the previous year[3] - Total operating revenue for Q1 2023 was ¥194,420,849.46, an increase of 20.5% compared to ¥161,245,840.72 in Q1 2022[17] - Net profit for Q1 2023 reached ¥14,833,658.21, a significant increase from ¥812,386.19 in Q1 2022, marking a growth of 1,724.5%[18] - Operating profit for Q1 2023 was ¥16,999,611.68, compared to ¥356,570.48 in Q1 2022, indicating a substantial increase[18] - The company reported a total comprehensive income of ¥14,944,652.99 for Q1 2023, compared to ¥812,209.46 in Q1 2022[18] - The basic and diluted earnings per share for Q1 2023 were both ¥0.03, compared to ¥0.00 in Q1 2022[18] Cash Flow - The net cash flow from operating activities decreased by 126.17% to CNY 17,304,339.12[3] - Cash flow from operating activities for Q1 2023 was ¥17,304,339.12, a recovery from a negative cash flow of -¥66,135,038.68 in Q1 2022[19] - The company experienced a decrease in cash flow from investing activities, netting ¥14,551,647.49 in Q1 2023, down from ¥203,260,593.44 in Q1 2022[20] - The company reported a financial income of CNY -3,956,603.71 in Q1 2023, compared to CNY 1,533,384.15 in Q1 2022, indicating a significant shift in financial performance[26] - The company reported a net decrease in cash and cash equivalents of $74,220,160.40, contrasting with an increase of $184,101,161.61 in the previous period[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,940,768,808.56, down 8.00% from the end of the previous year[4] - The total assets as of March 31, 2023, were RMB 1,940,768,808.56, down from RMB 2,109,452,611.98, a decrease of 8.01%[15] - The total liabilities decreased to RMB 335,060,980.91 from RMB 518,689,437.32, indicating a reduction of 35.34%[15] - Total current assets decreased to CNY 1,066,873,294.37 in Q1 2023 from CNY 1,242,987,578.40 in Q4 2022, reflecting a decline of 14.2%[23] - Total liabilities decreased to CNY 334,192,196.89 in Q1 2023 from CNY 516,962,978.09 in Q4 2022, a reduction of 35.3%[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 25,422[10] - The largest shareholder, Shanghai Shenneng Power Holding Co., Ltd., held 61.54% of the shares, with 16,500,000 shares pledged[10] - The company’s major shareholder, Shanghai Shenneng Electric Power Holdings Co., Ltd., holds 62.46% of the shares, making it the controlling shareholder[11] - Chen Xiaoqin reduced her holdings by 5,300,000 shares, representing 1.23% of the total share capital[12] Research and Development - Research and development expenses for Q1 2023 were ¥11,816,790.52, an increase of 21.5% from ¥9,718,805.22 in Q1 2022[17] - Research and development expenses increased to CNY 11,816,790.52 in Q1 2023 from CNY 9,718,805.22 in Q1 2022, representing a growth of 21.6%[26] Government Subsidies - The company received government subsidies amounting to CNY 2,222,280.17 during the reporting period[5] Inventory and Receivables - The inventory decreased to RMB 183,555,753.96 from RMB 207,772,551.41, reflecting a decline of 11.65%[13] - The accounts receivable stood at RMB 334,877,199.01, slightly down from RMB 339,177,046.58, a decrease of 1.00%[13] Other Information - The company has not reported any significant new product developments or market expansions during this quarter[16] - The company did not apply new accounting standards or interpretations for the first time in 2023[30]