JYC(SZ:000546)2022-04-14 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥998,037,680.48, a decrease of 35.51% compared to ¥1,547,670,522.70 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥14,374,401.04, an improvement of 24.71% from a loss of ¥19,092,420.98 in the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥46,208,924.74, a decline of 256.80% compared to a loss of ¥12,951,031.51 last year[3] - The net cash flow from operating activities was negative at ¥7,230,003.82, a decrease of 105.39% from ¥134,145,454.86 in the same period last year[3] - The gross profit margin for Q1 2022 was negative, with an operating profit of -¥68,710,441.30 compared to -¥39,312,536.75 in the previous year[16] - The company reported a total comprehensive loss of ¥15,889,701.41 for Q1 2022, compared to a loss of ¥36,610,331.37 in the previous year[18] Research and Development - Research and development expenses increased by 330.81% to ¥34,801,449.53 from ¥8,078,234.09 in the previous year[6] - Research and development expenses increased significantly to ¥34,801,449.53, up from ¥8,078,234.09 in the same quarter last year, reflecting a focus on innovation[16] Assets and Liabilities - The total assets at the end of the reporting period were ¥10,903,590,869.46, an increase of 0.98% from ¥10,798,161,744.68 at the end of the previous year[3] - The total liabilities increased to ¥4,899,569,410.42 from ¥4,660,464,614.68, indicating a rise in financial obligations[16] - The equity attributable to shareholders decreased by 1.26% to ¥5,048,797,466.13 from ¥5,113,024,453.24 at the end of the previous year[3] Shareholder Information - The total number of common shareholders at the end of the reporting period is 46,661[8] - The largest shareholder, Jinyuan Holdings Group Co., Ltd., holds 29.70% of shares, totaling 231,907,628 shares[8] Cash Flow - The company's cash and cash equivalents at the end of the reporting period amount to RMB 685,943,575.61, down from RMB 822,361,793.36 at the beginning of the year, representing a decrease of approximately 16.6%[10] - Cash inflow from operating activities totaled 1,315,573,568.19, down from 2,151,964,117.64 in the previous period[21] - Cash outflow from operating activities was 1,322,803,572.01, compared to 2,017,818,662.78 in the previous period[21] - The net cash flow from investing activities is -227,064,430.00, worsening from -111,133,360.74 in the previous period[22] - Cash inflow from financing activities amounted to 821,463,658.13, an increase from 368,174,485.12 in the previous period[22] - The ending balance of cash and cash equivalents is 385,449,422.86, up from 353,500,302.83 in the previous period[22] Strategic Initiatives - The company plans to repurchase shares through centralized bidding, with a proposal approved to buy back shares[9] - The new chairman, Xu Gang, has committed to increasing his shareholding by at least RMB 15 million within six months[9] - The company has initiated a strategic plan for its second growth phase, which includes asset sales and other strategic initiatives[9] - The company is focusing on market expansion and new product development as part of its strategic initiatives[19] Investment Income - The company recorded an investment income of ¥1,671,605.58, a turnaround from a loss of ¥14,936,513.01 in the previous year, marking an increase of 111.19%[6] Current Assets - The company reported a total current asset of RMB 4,710,560,272.04, an increase from RMB 4,616,405,478.82 at the beginning of the year[11] - Accounts receivable decreased to RMB 893,507,361.48 from RMB 969,978,118.24, a decline of about 7.9%[11] Equity Investments - The company’s long-term equity investments increased to RMB 74,756,929.21 from RMB 33,369,764.21, reflecting a growth of approximately 124.5%[11] Audit Status - The company has not undergone an audit for the first quarter report[23]