Jin Jiang Online(SH:900914)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 473,878,151.87, representing a decrease of 7.71% compared to the same period last year[5]. - Total revenue for Q1 2023 was ¥473,878,151.87, a decrease of 7.7% compared to ¥513,488,389.91 in Q1 2022[20]. - Net profit for Q1 2023 was ¥19,044,234.54, down 96.6% from ¥561,613,301.76 in Q1 2022[22]. - The net profit attributable to shareholders was CNY 14,671,798.73, down 97.40% year-on-year[5]. - The company reported a significant decrease in operating profit, which fell to ¥19,300,453.16 from ¥754,880,734.24 year-over-year[20]. - The company recorded a total comprehensive income of ¥54,211,607.79, down from ¥468,725,770.34 in the previous year[22]. - Basic earnings per share decreased to ¥0.03 from ¥1.02 in Q1 2022[22]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -193,517,098.15, indicating a significant cash outflow[6]. - Cash flow from operating activities showed a net outflow of ¥193,517,098.15, compared to a smaller outflow of ¥14,608,861.53 in Q1 2022[24]. - Cash and cash equivalents were reported at ¥1,705,473,827.52, a decrease from ¥1,953,420,298.95, representing a decline of approximately 12.67%[16]. - Cash and cash equivalents at the end of Q1 2023 were ¥1,659,748,542.58, down from ¥1,992,567,071.32 at the end of Q1 2022[25]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,066,290,895.30, a decrease of 4.84% from the end of the previous year[6]. - As of March 31, 2023, the total assets of the company amounted to ¥5,066,290,895.30, a decrease from ¥5,324,181,943.87 at the end of 2022, reflecting a decline of approximately 4.85%[16]. - The company's current assets totaled ¥2,130,949,022.40, down from ¥2,449,831,418.59, indicating a decrease of about 13.00%[16]. - The total liabilities decreased to ¥916,477,479.73 from ¥1,228,580,136.09, marking a reduction of about 25.43%[18]. - The company's total equity increased to ¥4,149,813,415.57 from ¥4,095,601,807.78, reflecting a growth of approximately 1.32%[18]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 57,456[12]. - The largest shareholder, Shanghai Jinjiang Capital Co., Ltd., held 38.54% of the shares, totaling 212,586,460 shares[12]. Operational Efficiency - Total operating costs decreased by 14.7% to ¥466,760,774.22 from ¥547,512,457.59 in the same period last year[20]. - The company experienced a significant decrease in accounts payable by 77.23%, primarily due to the repayment of matured notes[9]. - The company reported a significant reduction in research and development expenses, which fell to ¥138,690.29 from ¥1,178,947.76 year-over-year[20]. - The company's accounts receivable decreased to ¥159,750,344.54 from ¥195,816,477.08, indicating a decline of approximately 18.43%[16]. - The inventory decreased to ¥126,820,215.09 from ¥165,036,695.60, reflecting a decrease of about 23.06%[16]. - The company's short-term borrowings were reported at ¥89,000,151.90, a slight decrease from ¥91,069,293.28, representing a decline of approximately 2.27%[17]. Investment and Returns - The weighted average return on equity decreased by 14.5 percentage points to 0.38%[6]. - The long-term equity investments rose slightly to ¥619,625,199.85 from ¥618,508,535.47, showing a marginal increase of about 0.18%[16]. - The company recorded a non-operating income of CNY 2,736,692.79, after accounting for tax effects[8]. - The company reported a 99.31% decline in asset disposal gains, with no similar factors contributing this period[10]. - Other comprehensive income after tax for Q1 2023 was ¥35,167,373.25, compared to a loss of ¥92,887,531.42 in Q1 2022[22].