JJIT(SH:900929)2021-04-29 16:00Financial Performance - Total revenue for Q1 2021 was CNY 46,634,929.38, a decrease of 60.01% compared to CNY 116,630,823.23 in the same period last year[16] - Net profit attributable to shareholders was a loss of CNY 7,081,455.11, down from a profit of CNY 8,296,754.44 year-on-year[7] - The company's operating revenue for Q1 2021 was CNY 46,634,929.38, a decrease of 60.01% compared to CNY 116,630,823.23 in Q1 2020[33] - The net profit for Q1 2021 was a loss of ¥8,240,991.49, compared to a profit of ¥7,440,530.61 in Q1 2020, indicating a substantial decline in profitability[49] - The comprehensive income total for Q1 2021 was ¥33,165,352.40, contrasting with a loss of ¥28,336,908.87 in Q1 2020, showing a recovery in other comprehensive income[49] - Basic earnings per share for Q1 2021 was -¥0.0534, compared to ¥0.0626 in Q1 2020, reflecting a downturn in earnings performance[49] Cash Flow - Cash flow from operating activities was negative CNY 11,491,030.01, compared to negative CNY 9,533,062.50 in the previous year[7] - The net cash flow from operating activities was negative CNY 11,491,030.01, worsening from negative CNY 9,533,062.50 in the same period last year[57] - In Q1 2021, the company generated cash inflows from operating activities totaling CNY 57,092,721.89, a decrease of 57.5% compared to CNY 134,629,222.63 in Q1 2020[54] - Cash outflows for operating activities amounted to CNY 68,583,751.90, down 52.5% from CNY 144,162,285.13 in Q1 2020[57] - The total cash and cash equivalents at the end of Q1 2021 were CNY 182,212,672.18, down from CNY 234,615,533.76 at the end of Q1 2020[58] - The company experienced a net decrease in cash and cash equivalents of CNY 11,663,848.81 in Q1 2021, compared to a decrease of CNY 10,027,565.24 in Q1 2020[58] Assets and Liabilities - Total assets increased by 0.87% to CNY 1,036,454,159.21 from CNY 1,027,516,257.90 at the end of the previous year[7] - Current liabilities decreased to ¥176,551,814.40 from ¥200,718,754.49, a reduction of approximately 12%[43] - Total liabilities amounted to ¥253,804,140.40, down from ¥278,031,591.49, representing a decline of around 8.7%[44] - Shareholders' equity rose to ¥782,650,018.81 from ¥749,484,666.41, marking an increase of about 4.1%[44] - Total current assets were ¥191,141,080.81, with cash and cash equivalents at ¥120,503,322.41[65] Income and Expenses - The operating cost for Q1 2021 was CNY 36,253,695.61, down 61.22% from CNY 93,492,297.07 in the same period last year[33] - The company reported other income of ¥1,911,743.50 in Q1 2021, down from ¥3,622,490.97 in Q1 2020, indicating a decline in additional revenue sources[48] - Investment income increased by 583.86% to CNY 382,376.18 from CNY 55,914.32 year-on-year, primarily due to increased securities lending income[20] - The company paid CNY 24,509,937.80 in employee compensation, a decrease of 17.6% from CNY 29,791,282.30 in Q1 2020[57] Business Strategy and Outlook - The company plans to enhance its service capabilities and seek new business opportunities through its role as a ticket sales agent for the 10th Flower Expo[30] - The company has restructured its business model, establishing five new business centers to adapt to market changes and enhance service offerings[28] - The company aims to leverage its brand effect in the travel market to develop a comprehensive product system and become an industry benchmark[29] - The company anticipates significant fluctuations in net profit compared to the same period last year due to the ongoing impact of the COVID-19 pandemic on its main business[38] - The company is leveraging its digital information technology to integrate online and offline tourism services to mitigate losses caused by the pandemic[38]