JSCQ(SH:688182)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥86,636,996.86, representing a year-on-year increase of 39.76%[5] - The net profit attributable to shareholders decreased by 44.90% to ¥10,188,818.85, primarily due to a significant reduction in government subsidies compared to the same period last year[10] - The net cash flow from operating activities was negative at -¥7,084,880.74, a decline of 123.23% year-on-year, attributed to increased cash payments for goods and services[10] - Basic and diluted earnings per share were both ¥0.03, reflecting a decrease of 40.00% year-on-year due to reduced net profit[11] - Net profit for Q1 2023 was ¥10,063,238.17, a decrease of 45.4% compared to ¥18,490,605.67 in Q1 2022[23] - Operating profit for Q1 2023 was ¥10,199,116.69, down 53.1% from ¥21,750,595.05 in Q1 2022[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,296,020,683.89, a decrease of 0.93% from the end of the previous year[6] - Current assets totaled CNY 1,628,002,660.99, down from CNY 1,672,734,926.37 in the previous period[19] - The company's cash and cash equivalents were CNY 646,999,764.47, slightly decreased from CNY 655,854,238.23[18] - Total liabilities decreased to CNY 172,674,317.49 from CNY 207,470,257.27[20] - The company's equity attributable to shareholders increased to CNY 2,118,962,859.29 from CNY 2,105,675,872.51[21] Research and Development - Research and development expenses totaled ¥8,491,046.61, accounting for 9.80% of operating revenue, a decrease of 0.96 percentage points from the previous year[6] - Research and development expenses increased to ¥8,491,046.61 in Q1 2023, up 27.3% from ¥6,668,698.56 in Q1 2022[22] - The company is investing 50 million RMB in R&D for new technologies aimed at enhancing product performance[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,888[13] - Major shareholders included Zhangjiagang Canqin Enterprise Management Co., Ltd., holding 36.86% of shares, and Zhangjiagang Jujing Enterprise Management Partnership, holding 23.83%[13] - The company’s major shareholders collectively hold 71.57% of the shares[16] Market and Future Outlook - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[24] - Future outlook includes a projected revenue growth of 10% for the next quarter, driven by new product launches[29] - Market expansion plans include entering two new international markets by the end of 2023[29] - Overall, the management remains optimistic about achieving a 15% growth in total revenue for the fiscal year 2023[29] Operational Efficiency - The company achieved a net profit margin of 20%, reflecting strong operational efficiency and cost management[29] - Total operating costs for Q1 2023 were ¥84,434,234.27, up 45.6% from ¥58,009,679.17 in Q1 2022[22] - Sales expenses decreased to ¥747,629.07 in Q1 2023 from ¥845,355.17 in Q1 2022, a reduction of 11.6%[22] User and Product Development - User data showed a growth of 25% in active users, totaling 1 million by the end of Q1 2023[29] - The company has completed a strategic acquisition of a smaller tech firm for 100 million RMB to enhance its product offerings[29] - New product lines are expected to contribute an additional 30% to revenue in the next fiscal year[29]