JOINTAS(SZ:002909)2020-04-27 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥124,732,979.02, a decrease of 28.60% compared to ¥174,686,411.75 in the same period last year[7] - The net profit attributable to shareholders was ¥940,339.99, down 63.65% from ¥2,587,150.55 year-on-year[7] - The net profit after deducting non-recurring gains and losses increased by 13.40% to ¥1,335,016.39 from ¥1,177,222.90 in the previous year[7] - The weighted average return on equity was 0.19%, down from 0.56% in the previous year, indicating a decline in profitability[7] - The basic and diluted earnings per share were both ¥0.006, a decrease of 62.50% from ¥0.016 in the same period last year[7] - The total comprehensive income for Q1 2020 was CNY 1,032,189.88, down from CNY 2,587,150.55 in the previous year[41] - The total comprehensive income for the first quarter was CNY 946,428.95, compared to CNY 4,085,476.67 in the previous period[45] Cash Flow - The net cash flow from operating activities was -¥75,363,843.61, an improvement of 11.90% compared to -¥85,543,518.63 in the same period last year[7] - The company reported a net cash inflow from financing activities of RMB 7,435,630.41, a 2613.15% increase compared to the previous period[16] - Cash inflow from operating activities was CNY 129,578,958.28, an increase from CNY 125,162,098.53 year-on-year[47] - The net cash flow from investing activities was -CNY 14,424,541.34, compared to -CNY 18,005,836.30 in the previous period[48] - The net cash flow from financing activities was CNY 7,435,630.41, compared to CNY 274,058.65 in the previous period[49] - The company experienced a net decrease in cash and cash equivalents of -CNY 82,356,179.18, compared to -CNY 103,272,169.15 in the previous period[49] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,006,510,532.90, reflecting a slight increase of 0.75% from ¥998,981,936.23 at the end of the previous year[7] - Total liabilities rose to CNY 477,807,631.21 from CNY 471,647,160.70, indicating an increase of approximately 1.5%[32] - The company's total liabilities amounted to CNY 472,862,575.11, an increase from CNY 460,314,668.68 in the previous period[36] - The company's total assets reached CNY 1,006,510,532.90, up from CNY 998,981,936.23, marking a growth of about 0.5%[33] - The total current assets increased to CNY 668,210,663.87 from CNY 654,708,432.40 as of December 31, 2019, reflecting a growth of approximately 2.3%[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,974[10] - The total equity attributable to shareholders increased to CNY 521,152,846.74 from CNY 519,876,570.47, a slight increase of about 0.2%[33] Operational Changes - Operating costs decreased by 34.10% to RMB 82,063,378.37, primarily due to a significant decline in sales revenue caused by the pandemic[15] - R&D expenses increased by 48.86% to RMB 6,043,567.20, driven by direct investments in R&D and the consolidation of Zhaoshun Technology[15] - The company reported a decrease in sales expenses to CNY 19,838,700.64 from CNY 28,133,692.84 year-on-year, reflecting cost control measures[39] Government Support - Government subsidies recognized in the current period amounted to ¥572,412.48, a significant decrease of 84.64% compared to ¥3,726,200.00 in the same period last year[8] Other Financial Metrics - The company did not conduct any share repurchase activities during the reporting period[19] - The company reported a 100% decrease in advance receipts, reflecting the implementation of new revenue recognition standards[15] - The company experienced a 52.10% reduction in taxes and surcharges, mainly due to a decrease in VAT payable[15]