JOINTAS(SZ:002909)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥257,369,046.21, a decrease of 23.28% compared to ¥335,455,694.72 in the same period last year[4]. - Net profit attributable to shareholders increased by 37.41% to ¥762,459.15 from ¥554,881.00 year-on-year[4]. - Basic and diluted earnings per share rose by 33.33% to ¥0.0020 from ¥0.0015 in the same period last year[4]. - Total operating revenue for the current period is ¥257,369,046.21, a decrease of 23.2% from ¥335,455,694.72 in the previous period[24]. - Net profit for the current period is ¥765,108.16, an increase of 40% compared to ¥545,803.18 in the previous period[25]. - Operating profit for the current period is ¥497,601.53, a decline of 75.2% from ¥2,004,536.13 in the previous period[25]. Cash Flow - The net cash flow from operating activities improved by 70.44%, reaching -¥18,241,641.76 compared to -¥61,720,844.79 in the previous year[4]. - Cash inflow from operating activities is ¥242,705,528.54, slightly up from ¥242,676,314.39 in the previous period[27]. - Cash outflow from operating activities is ¥260,947,170.30, down 14.2% from ¥304,397,159.18 in the previous period[27]. - The net cash flow from operating activities for Q1 2023 was -¥18,241,641.76, compared to -¥61,720,844.79 in Q1 2022, showing an improvement[28]. - The net cash flow from investing activities was -¥70,965,294.94, down from -¥138,955,808.14 year-over-year[28]. - Cash inflow from financing activities totaled ¥184,729,673.29, an increase from ¥147,440,000.00 in the previous year[28]. - The net cash flow from financing activities was ¥8,896,452.64, compared to ¥18,094,483.88 in Q1 2022, indicating a decrease[28]. - The ending balance of cash and cash equivalents was ¥88,820,544.14, down from ¥223,632,051.72 year-over-year[28]. - The net increase in cash and cash equivalents for the quarter was -¥80,369,046.89, compared to -¥182,593,149.88 in Q1 2022[28]. Assets and Liabilities - Total assets at the end of Q1 2023 were ¥1,847,942,663.12, a decrease of 2.21% from ¥1,889,793,994.42 at the end of the previous year[4]. - The company's total current assets amounted to RMB 805,604,586.70, a decrease from RMB 919,334,763.94 at the beginning of the year, reflecting a reduction of approximately 12.35%[21]. - The total liabilities of the company as of March 31, 2023, were RMB 897,427,345.53, down from RMB 979,110,108.21 at the beginning of the year, representing a decrease of about 8.34%[21]. - Total liabilities amount to ¥990,914,245.28, a decrease from ¥1,035,171,235.74 in the previous period[23]. - Total equity attributable to shareholders of the parent company is ¥856,722,151.96, up from ¥854,319,141.81 in the previous period[23]. Shareholder Information - The company had a total of 37,240 ordinary shareholders at the end of the reporting period[11]. - The total number of shares held by the largest shareholder, Guangzhou Antai Chemical Co., Ltd., is 149,325,614 shares, representing a significant ownership stake[14]. Investments and Expenses - The company's other non-current financial assets increased by 123.96% to ¥51,679,162.50, mainly due to increased investment in Glailey[8]. - The company invested RMB 28,603,549.32 in Zhuhai Gelaili Friction Material Co., Ltd., acquiring a 3.3122% equity stake[18]. - Research and development expenses are ¥13,956,124.81, a slight increase from ¥13,853,108.34 in the previous period[24]. - Financial expenses rose by 54.38% to ¥7,704,151.12, primarily due to increased loan interest[10]. - Interest expenses increased to ¥7,947,131.65 from ¥4,842,409.02, marking a rise of 64.8%[25]. Cash Management - The company utilized RMB 100 million of idle raised funds to temporarily supplement working capital, which has been fully returned to the designated account[16]. - The company has also been actively managing its idle funds, with a maximum transaction amount for cash management reaching RMB 165,554,200.00, which has been fully redeemed[17]. Regulatory and Audit Information - The company has received approval from the China Securities Regulatory Commission for its non-public issuance of A-shares, indicating a strategic move for capital raising[15]. - The company did not undergo an audit for the Q1 2023 report[29].