JSSH(SZ:000518)2021-04-29 16:00Financial Performance - The company's revenue for Q1 2021 was ¥70,884,919.88, a decrease of 54.85% compared to ¥157,012,600.06 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥13,267,948.59, representing a decline of 228.70% from a profit of ¥10,309,269.64 in the previous year[8] - Basic and diluted earnings per share were both -¥0.0129, a decrease of 229.00% compared to ¥0.0100 in the previous year[8] - The net profit for Q1 2021 was CNY -14,969,513.54, compared to a net profit of CNY 8,292,715.46 in the same period last year, indicating a significant decline[39] - The total comprehensive income for Q1 2021 was CNY -14,969,513.54, compared to CNY 8,292,715.46 in the previous year[39] Cash Flow - The net cash flow from operating activities was negative at ¥16,678,791.31, down 149.03% from ¥34,016,509.11 in the same period last year[8] - Cash flow from operating activities was CNY 76,315,858.06, down from CNY 123,924,137.47 in the previous year, reflecting a decrease of 38.3%[45] - The net cash flow from operating activities was -16,678,791.31 CNY, a decrease compared to 34,016,509.11 CNY in the previous period[46] - Total cash inflow from operating activities was 76,351,722.83 CNY, while cash outflow was 93,030,514.14 CNY, resulting in a net cash outflow of 16,678,791.31 CNY[46] Assets and Liabilities - Total assets at the end of the reporting period were ¥823,330,609.39, a slight decrease of 0.05% from ¥823,707,532.72 at the end of the previous year[8] - The net assets attributable to shareholders decreased by 2.07% to ¥627,555,583.74 from ¥640,823,532.33 at the end of the previous year[8] - Total liabilities increased to CNY 140,260,056.54 in Q1 2021, compared to CNY 137,613,291.18 in the previous quarter[34] - Total liabilities reached CNY 183,000,145.70, indicating an increase of CNY 44,340,618.61 from the previous period[54] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 132,319[11] - The top shareholder, Wang Hongming, holds 14.00% of the shares, totaling 144,138,394 shares[11] Operating Performance - Operating revenue fell by 54.85% year-on-year, from CNY 157,012,600.06 to CNY 70,884,919.88, primarily due to a decrease in material forest sales[15] - Operating costs decreased by 77.33% from CNY 81,342,214.91 to CNY 18,443,116.03, also attributed to reduced material forest sales[15] - The company reported a 100.00% decrease in other operating expenses, dropping from CNY 992,545.00 to CNY 0.00[15] Research and Development - R&D expenses surged by 710.00% from CNY 2,553,049.60 to CNY 20,679,688.39, driven by increased promotional consulting fees[15] - Research and development expenses increased significantly to CNY 20,679,688.39, compared to CNY 2,553,049.60 in the previous year, reflecting a growth of 707.5%[37] Management and Governance - The company’s chairman is Guo Yu, who presented the first quarter report on April 28, 2021[60] - The first quarter report has not been audited, indicating potential for adjustments in future reports[59] Other Information - The company received government subsidies amounting to ¥4,118.28 during the reporting period[9] - There were no new product developments or market expansions mentioned in the report[39] - The company did not report any significant mergers or acquisitions during this period[39] - The company has not disclosed any new product developments or market expansion strategies in this report[60]