JCT(SH:603657)2020-04-14 16:00Financial Performance - Revenue for the first quarter was CNY 105,838,097.38, a slight decrease of 0.67% compared to the same period last year[5] - Net profit attributable to shareholders increased by 1.60% to CNY 15,255,285.67 compared to the previous year[5] - Basic earnings per share remained stable at CNY 0.16[6] - Total operating revenue for Q1 2020 was CNY 105,838,097.38, a slight decrease of 0.67% compared to CNY 106,547,173.88 in Q1 2019[29] - The company's total revenue for Q1 2020 was approximately ¥62.48 million, a decrease of 18.7% compared to ¥76.92 million in Q1 2019[32] - The net profit for Q1 2020 was approximately ¥15.26 million, representing an increase of 1.6% from ¥15.02 million in Q1 2019[30] - The operating profit for Q1 2020 was approximately ¥16.78 million, an increase of 3.5% compared to ¥16.21 million in Q1 2019[33] - The total comprehensive income for Q1 2020 was approximately ¥12.89 million, a decrease of 14.7% from ¥15.11 million in Q1 2019[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 984,446,103.38, a decrease of 1.18% compared to the end of the previous year[5] - Total assets as of March 31, 2020, amounted to CNY 895,270,117.14, a decrease from CNY 898,405,182.14 at the end of 2019[25] - Total liabilities decreased to CNY 39,978,463.01 in Q1 2020 from CNY 56,552,777.78 in Q1 2019, indicating a reduction of approximately 29.5%[25] - Total liabilities amounted to CNY 124,130,253.56, with current liabilities at CNY 118,505,526.49 and non-current liabilities at CNY 5,624,727.07[44] - Total equity attributable to shareholders reached CNY 872,038,890.63, with paid-in capital of CNY 96,000,000.00 and undistributed profits of CNY 220,694,969.50[45] Cash Flow - Operating cash flow for the period was CNY 22,035,243.84, down 56.78% year-on-year[5] - The cash flow from operating activities for Q1 2020 was approximately ¥22.04 million, a decrease of 56.7% from ¥50.98 million in Q1 2019[37] - The net cash flow from operating activities was CNY 20,300,557.17, down 60% from CNY 50,570,012.96 in the previous year[39] - Total cash inflow from investment activities was CNY 115,050,293.14, an increase of 70.8% from CNY 67,412,238.79 in Q1 2019[40] - Cash outflow from investment activities reached CNY 376,827,964.87, significantly higher than CNY 89,512,781.86 in the same period last year[40] - The company reported a net decrease in cash and cash equivalents of -CNY 240,213,666.66, contrasting with an increase of CNY 26,007,380.83 in Q1 2019[40] Shareholder Information - The total number of shareholders at the end of the reporting period was 10,250[10] - The largest shareholder, Zhejiang Chunguang Holdings Co., Ltd., held 46.88% of the shares[10] Financial Ratios and Metrics - The weighted average return on equity decreased by 0.04 percentage points to 1.73%[5] - The company’s deferred income tax liabilities decreased to CNY 2,083,542.10 from CNY 2,300,877.70, a reduction of approximately 9.4%[24] - The company reported a significant increase in financial income, with interest income rising to approximately ¥1.21 million in Q1 2020 from ¥0.49 million in Q1 2019[32] Changes in Financial Position - Accounts receivable decreased to ¥102,566,454.78, down 41.68% from ¥175,879,213.36[14] - Tax payable decreased to ¥3,989,106.27, down 50.15% from ¥8,002,767.40[14] - Financial expenses decreased significantly to -¥2,531,460.62, a 224.32% change due to increased exchange gains and interest income[15] - Fixed assets purchased decreased to ¥11,799,909.98, down 48.52% from ¥22,922,356.43[17] - The company reported a decrease in accounts receivable by CNY 8,229,029.72, indicating a shift in asset management[46] Research and Development - Research and development expenses for Q1 2020 were approximately ¥2.26 million, down from ¥2.59 million in Q1 2019, indicating a decrease of 12.7%[32] Accounting Policies - The company plans to adjust its accounting policies in accordance with the new revenue recognition standards effective from January 1, 2020[45]