JFLB(SZ:002762)2019-04-24 16:00Financial Performance - The company's operating revenue for Q1 2019 was ¥92,091,177.67, a decrease of 6.72% compared to ¥98,730,811.80 in the same period last year[7]. - The net profit attributable to shareholders was ¥14,962,694.20, down 28.51% from ¥20,930,093.21 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥13,068,617.39, reflecting a decline of 31.76% compared to ¥19,150,776.80 in the previous year[7]. - Basic earnings per share decreased by 33.33% to ¥0.04 from ¥0.06 in the previous year[7]. - The company reported a net profit of ¥430,458,037.23, up from ¥414,972,868.40, reflecting an increase of about 3.7% in retained earnings[47]. - The company reported a total comprehensive income of ¥14,869,239.28, down from ¥20,492,303.92, a decline of approximately 27.5% year-over-year[51]. - Net profit decreased to ¥14,869,239.28 from ¥20,889,478.67, reflecting a decline of approximately 28.9% year-over-year[50]. - Operating profit fell to ¥18,049,288.94 from ¥24,972,294.09, a decrease of about 27.5% year-over-year[50]. Cash Flow - The net cash flow from operating activities increased significantly by 127.41%, reaching ¥14,268,040.47, compared to ¥6,274,282.71 in the same period last year[7]. - Cash flow from operating activities decreased by 31.50% to ¥90,917,641.87, primarily due to reduced procurement settlements[16]. - Cash flow from investment activities surged by 572.35% to ¥81,020,078.18, reflecting actual business activities in investment management[16]. - The company reported a net cash flow from operating activities of ¥14,268,040.47, a 127.41% increase compared to the previous year[15]. - The total cash inflow from operating activities was CNY 105,185,682.34, compared to CNY 138,992,229.56 in the previous year, showing a decline of 24.5%[58]. - The cash outflow for purchasing goods and services was CNY 38,427,653.81, down from CNY 78,124,537.48, indicating a reduction of 50.8%[58]. - The net cash flow from investment activities was -CNY 42,248,174.07, a decline compared to a positive cash flow of CNY 8,202,372.88 in the same period last year[59]. - The cash and cash equivalents at the end of Q1 2019 stood at CNY 139,641,031.43, down from CNY 279,594,421.49 at the end of Q1 2018, reflecting a decrease of 50%[59]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,082,809,999.03, an increase of 1.11% from ¥1,070,891,661.09 at the end of the previous year[7]. - Total assets increased to ¥1,085,104,270.14 from ¥1,073,402,687.89, reflecting a growth of approximately 1.1%[45]. - Total liabilities decreased to ¥82,294,929.08 from ¥86,078,515.66, a reduction of about 4.3%[46]. - Current assets rose to ¥698,097,008.33, up from ¥685,686,136.65, indicating an increase of about 1.8%[45]. - Non-current assets totaled ¥387,007,261.81, slightly down from ¥387,716,551.24, showing a decrease of approximately 0.2%[45]. - Total liabilities were CNY 88,533,766.76, with current liabilities comprising CNY 88,533,766.76[66]. - Shareholders' equity totaled CNY 982,357,894.33, with retained earnings of CNY 407,782,347.88[66]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,123[10]. - The company terminated the 2017 restricted stock incentive plan, reducing total shares from 356,615,000 to 354,025,000[22]. - The company is currently in the process of implementing share repurchase commitments, with ongoing compliance noted[23]. - The company has a long-term commitment to repurchase shares at the issuance price plus bank deposit interest, ensuring shareholder value[24]. - The company has committed to compensating investors for any losses caused by violations of commitments made by its executives[30]. Operational Commitments and Compliance - The company has made commitments to avoid competition with its own business during the control period, ensuring no engagement in similar business activities[25]. - The company has committed to not engage in any business activities that may pose a competitive threat to its main operations, both domestically and internationally[28]. - The company is actively ensuring that its commitments regarding competition and related transactions are being fulfilled as per the stipulated timelines[27]. - The company has outlined specific measures to prevent any adverse impact on its operations from related party transactions[26]. - The company has established a framework to manage potential conflicts of interest arising from its shareholders and their related entities[26]. - The company is focused on maintaining accurate and truthful disclosures, with no false records or misleading statements reported[27]. - The company is ensuring compliance with all regulatory commitments made during its public offering and subsequent financing activities[23]. Inventory and Receivables - Accounts receivable increased to ¥36,927,146.37 from ¥30,820,473.17, reflecting a growth of about 19.5%[39]. - Inventory decreased to ¥195,840,808.82 from ¥205,954,213.69, indicating a reduction of approximately 4.9%[39]. - The company’s inventory decreased to ¥177,700,097.11 from ¥187,753,802.48, indicating a reduction of about 5.6%[44]. - Accounts receivable increased to ¥62,758,145.96 from ¥53,088,270.09, reflecting a growth of approximately 18.5%[44]. - Prepayments increased by 81.20% to ¥3,104,784.58, mainly due to advance payments for new product purchases[15]. - Prepayments rose to ¥3,128,417.27 from ¥1,568,535.36, showing an increase of about 99.7%[44]. Research and Development - Research and development expenses decreased slightly to ¥3,230,481.28 from ¥3,611,680.22, a decrease of approximately 10.5% year-over-year[48].