JHS(SH:603922)2019-04-25 16:00Financial Performance - Operating revenue fell by 31.29% to CNY 177,741,329.13 year-on-year[6] - Net profit attributable to shareholders decreased by 126.64% to a loss of CNY 6,834,740.67[6] - Basic and diluted earnings per share both decreased by 125.00% to CNY -0.05[6] - Total revenue decreased by 31.29% to ¥177,741,329.13 due to declining vehicle sales and customer demand[13] - Net profit fell by 126.64% to -¥6,834,740.67, primarily driven by reduced market demand and product price declines[13] - The net profit for Q1 2019 was a loss of ¥6,834,740.67, compared to a profit of ¥25,657,600.02 in Q1 2018, indicating a significant decline[27] - The total comprehensive income for Q1 2019 was -¥6,834,740.67, compared to ¥25,657,600.02 in the same period last year[28] - The company's operating profit for Q1 2019 was -¥5,118,025.90, a sharp decline from ¥29,882,930.66 in Q1 2018[31] Cash Flow - Cash flow from operating activities improved by 123.82% to CNY 17,239,830.10 compared to the same period last year[6] - Cash flow from investing activities improved significantly, with a net inflow of ¥40,261,776.58 due to the maturity of financial investments[14] - Cash inflow from operating activities in Q1 2019 was ¥186,784,328.83, compared to ¥351,456,914.73 in Q1 2018, a decrease of 46.8%[32] - In Q1 2019, the company's net cash flow from operating activities was ¥23,033,926.57, a significant improvement compared to a net outflow of ¥89,995,894.67 in Q1 2018[34] - Total cash inflow from investment activities was ¥180,991,561.04, compared to ¥45,638,689.04 in the same period last year, resulting in a net cash flow from investment activities of ¥40,819,460.58, up from a net outflow of ¥10,629,032.46[34] - The company reported cash inflow from financing activities of ¥34,976,593.80, down from ¥186,193,321.19 in Q1 2018, leading to a net cash outflow of ¥60,085,661.25 in financing activities[35] - The cash flow from operating activities showed a decrease in cash outflows, with total cash outflow of ¥186,496,755.68 in Q1 2019, down from ¥515,928,837.99 in Q1 2018[34] Assets and Liabilities - Total assets decreased by 8.01% to CNY 1,509,418,770.66 compared to the end of the previous year[6] - The total assets as of March 31, 2019, were ¥1,527,676,936.24, down from ¥1,645,457,823.78 at the end of 2018, a decrease of 7.1%[22] - Total liabilities as of March 31, 2019, were ¥391,751,365.42, compared to ¥504,760,572.61 at the end of 2018, a reduction of 22.3%[24] - The company's cash and cash equivalents increased to ¥148,374,839.13 from ¥138,054,652.77, showing a growth of 17.0%[22] - Inventory levels decreased to ¥431,522,276.06 from ¥442,188,554.58, a decline of 2.0%[23] - Long-term receivables were reported at ¥7,835,237.37, down from ¥8,724,520.01, a decrease of 10.2%[23] - The company’s retained earnings decreased to ¥249,774,787.97 from ¥256,609,528.64, a decline of 2.9%[24] - The total equity attributable to shareholders was ¥1,135,925,570.82, down from ¥1,140,697,251.17, a decrease of 0.4%[24] Shareholder Information - The total number of shareholders reached 19,861, indicating a stable shareholder base[9] - The largest shareholder, GOLD CRANE GROUP LIMITED, holds 48.54% of the shares, indicating significant control[9] Other Financial Metrics - Non-recurring gains and losses totaled CNY 916,436.11, primarily from government subsidies and other income[8] - Financial expenses decreased by 74.01% to ¥898,299.33, due to reduced handling fees and discount interest[13] - Investment income dropped by 126.71% to -¥1,842,917.86, linked to reduced scale of idle funds invested in financial products[13] - Research and development expenses for Q1 2019 were ¥6,726,534.75, down from ¥9,124,821.41 in Q1 2018, reflecting a 26.4% decrease[31] - The company's financial expenses for Q1 2019 were ¥891,192.12, significantly lower than ¥3,451,831.20 in Q1 2018, indicating a reduction of 74.2%[31] - The investment loss for Q1 2019 was -¥1,842,917.86, compared to a profit of ¥6,900,631.59 in Q1 2018, showing a negative shift[31] Market Outlook - The company anticipates a significant decline in cumulative net profit for the second quarter if market conditions remain weak[15] - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The first quarter report is unaudited, which may affect the reliability of the financial data presented[6]