JSCQ(SH:688182)2022-04-28 16:00Company Overview and Financial Summary This section provides an overview of the company's financial performance and key shareholder information Key Financial Data and Indicators The company experienced a significant decline in Q1 2022 performance, with operating revenue down 44.69% and net profit down 50.89%, while operating cash flow turned positive Key Financial Metrics (Q1 2022) | Indicator | Current Period | Year-over-Year Change (%) | | :--- | :--- | :--- | | Operating Revenue | 61,991,234.93 RMB | -44.69% | | Net Profit Attributable to Shareholders of Listed Company | 18,490,605.67 RMB | -50.89% | | Net Profit Attributable to Shareholders of Listed Company After Non-Recurring Items | 3,993,493.13 RMB | -85.59% | | Net Cash Flow from Operating Activities | 30,495,237.99 RMB | Not Applicable | | Basic Earnings Per Share (RMB/share) | 0.05 RMB | -61.54% | | Total R&D Investment | 6,668,698.56 RMB | -15.55% | | R&D Investment as Percentage of Operating Revenue | 10.76% | Increased by 3.71 percentage points | - Revenue and Net Profit Decline: Primarily due to reduced sales revenue from the company's major customers in the current period10 - Significant Decline in Non-Recurring Net Profit: Mainly attributed to a substantial decrease in net profit compared to the prior year, coupled with a significant increase in investment income from trading financial assets10 - Improvement in Operating Cash Flow: Primarily due to a substantial reduction in taxes and fees paid in the current period10 Non-Recurring Gains and Losses Items | Non-Recurring Gains and Losses Item | Current Period Amount (RMB) | | :--- | :--- | | Government Grants Included in Current Profit/Loss | 10,628,439.96 | | Fair Value Changes and Investment Income from Trading Financial Assets/Liabilities | 6,584,762.67 | | Other Non-Operating Income and Expenses | -154,717.29 | | Income Tax Impact | -2,561,372.80 | | Total | 14,497,112.54 | Shareholder Information As of the reporting period end, the company had 11,371 common shareholders, with the top three holding over 64% and key individuals controlling a significant stake - At the end of the reporting period, the company had 11,371 common shareholders13 Top Shareholders | Shareholder Name | Number of Shares Held | Shareholding Percentage (%) | | :--- | :--- | :--- | | Zhangjiagang Canqin Enterprise Management Co., Ltd. | 147,423,252 | 36.86 | | Zhangjiagang Jujing Enterprise Management Partnership (Limited Partnership) | 95,326,744 | 23.83 | | Zhangjiagang Huici Enterprise Management Partnership (Limited Partnership) | 14,999,995 | 3.75 | | Harbor Technology Investment Co., Ltd. | 13,750,000 | 3.44 | | Zhu Tianzhong | 11,400,009 | 2.85 | - The company's controlling shareholder is Zhangjiagang Canqin Enterprise Management Co., Ltd., with actual controllers Zhu Tianzhong, Zhu Qi, and Zhu Hui, who collectively control a significant portion of the company through direct and indirect holdings16 Quarterly Financial Statements This section presents the company's consolidated financial statements for the quarter Consolidated Balance Sheet As of March 31, 2022, total assets were 2.209 billion RMB, with high liquidity and low liabilities, while shareholder equity increased by 1.06% Consolidated Balance Sheet Summary | Item | March 31, 2022 (RMB) | December 31, 2021 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 2,208,867,417.68 | 2,201,746,367.89 | 0.32% | | Cash and Cash Equivalents | 697,154,364.25 | 634,927,452.98 | 9.80% | | Trading Financial Assets | 807,492,056.47 | 845,472,156.95 | -4.49% | | Accounts Receivable | 80,575,410.78 | 101,825,919.51 | -20.87% | | Inventories | 141,423,537.05 | 132,840,082.61 | 6.46% | | Total Liabilities | 140,263,469.17 | 154,769,040.56 | -9.37% | | Accounts Payable | 76,718,915.76 | 92,324,494.14 | -16.90% | | Equity Attributable to Shareholders of Listed Company | 2,068,603,948.51 | 2,046,977,327.33 | 1.06% | Consolidated Income Statement In Q1 2022, operating revenue declined by 44.69% to 61.99 million RMB, leading to a 50.89% drop in net profit attributable to parent company shareholders Consolidated Income Statement Summary | Item | Q1 2022 (RMB) | Q1 2021 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 61,991,234.93 | 112,083,970.78 | -44.69% | | Operating Cost | 43,443,846.53 | 61,479,603.93 | -29.34% | | R&D Expenses | 6,668,698.56 | 7,896,422.67 | -15.55% | | Investment Income | 4,631,787.68 | 1,315,657.28 | 252.06% | | Fair Value Change Gains | 2,019,821.96 | 619,728.77 | 225.92% | | Operating Profit | 21,750,595.05 | 43,757,714.58 | -50.29% | | Net Profit Attributable to Parent Company Shareholders | 18,490,605.67 | 37,655,218.80 | -50.89% | | Basic Earnings Per Share (RMB/share) | 0.05 | 0.13 | -61.54% | Consolidated Cash Flow Statement In Q1 2022, net cash flow from operating activities significantly improved to 30.50 million RMB, and investment activities turned positive, increasing cash and cash equivalents to 695 million RMB Consolidated Cash Flow Statement Summary | Item | Q1 2022 (RMB) | Q1 2021 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 30,495,237.99 | -6,311,236.79 | | Cash Received from Sales of Goods and Services | 90,151,760.36 | 105,747,253.88 | | Taxes and Fees Paid | 2,988,205.90 | 39,401,645.78 | | Net Cash Flow from Investing Activities | 30,976,155.56 | -53,604,035.90 | | Cash Received from Investment Recovery | 1,035,000,000.00 | 572,046,252.57 | | Cash Paid for Investments | 995,000,077.56 | 602,046,252.57 | | Net Cash Flow from Financing Activities | 0.00 | -220,396.32 | | Net Increase in Cash and Cash Equivalents | 61,450,369.03 | -60,117,207.65 | | Cash and Cash Equivalents at Period End | 694,966,474.89 | 264,345,000.44 |