JIT(SZ:003029)2023-04-24 16:00Financial Performance - The company's revenue for Q1 2023 reached ¥121,917,781.05, representing a 64.95% increase compared to ¥73,910,533.92 in the same period last year[4] - Net profit attributable to shareholders was ¥2,990,540.14, a significant turnaround from a loss of ¥20,806,813.20 in the previous year, marking a 114.37% increase[4] - The net profit after deducting non-recurring gains and losses was ¥1,694,827.47, compared to a loss of ¥20,881,006.52 last year, reflecting a 108.12% improvement[4] - The company's basic earnings per share increased to ¥0.02 from a loss of ¥0.12, representing a 116.67% increase[4] - The net profit for Q1 2023 was CNY 6,031,665.58, a turnaround from a net loss of CNY 18,736,183.39 in the previous year[22] - The earnings per share (EPS) for Q1 2023 was CNY 0.02, compared to a loss per share of CNY 0.12 in the same quarter last year[22] - The total comprehensive income for Q1 2023 was CNY 6,031,665.58, compared to a comprehensive loss of CNY 18,736,183.39 in the same quarter last year[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,789,610,104.65, a decrease of 2.32% from ¥1,832,202,652.26 at the end of the previous year[4] - The company's total liabilities decreased to CNY 393,329,310.80 from CNY 440,596,506.59, indicating a reduction of approximately 10.7%[21] - The total equity attributable to shareholders increased to CNY 1,361,714,250.55 from CNY 1,357,189,557.38, showing a slight growth of 0.3%[21] - The company's cash and cash equivalents decreased to RMB 798,206,114.82 from RMB 1,095,002,119.05, representing a decline of approximately 27.2%[18] - The company reported a total current assets of RMB 1,335,545,193.19, down from RMB 1,573,191,441.93 at the beginning of the year, indicating a decrease of about 15.1%[18] Cash Flow - The cash flow from operating activities showed a slight decline, with a net outflow of ¥86,119,056.87, a decrease of 0.88% compared to the previous year[4] - The cash flow from operating activities was CNY 81,346,870.63, an increase from CNY 77,749,007.95 in the previous year[23] - The net cash flow from operating activities was -86,119,056.87, compared to -85,371,884.06 in the previous year, indicating a slight increase in cash outflow[24] - Total cash inflow from operating activities was 95,006,332.00, while cash outflow was 181,125,388.87, resulting in a net cash flow from operating activities of -86,119,056.87[24] - The cash flow from investment activities was -199,626,499.18, significantly higher than -34,373,701.80 in the previous year, reflecting increased investment expenditures[24] - Cash flow from financing activities resulted in a net outflow of -10,806,581.03, compared to -6,398,500.21 in the previous year, indicating higher financing costs[25] Shareholder Information - The company’s major shareholders include Jilin Province Bowei Industrial Co., Ltd. with an 11.24% stake and Shanghai Yunxin Venture Capital Co., Ltd. with a 10.89% stake[10] - The company paid 4,500,000.00 in dividends and interest, reflecting ongoing commitments to shareholders[25] Strategic Developments - The company has established a private equity fund with a total scale of RMB 500 million, in which it has committed RMB 175 million, accounting for 35% of the fund[12] - The company plans to issue up to 13,653,000 shares to specific investors, aiming to raise no more than RMB 214.49 million for working capital[14] - The strategic development plan for 2023-2025 has been approved, outlining the company's macro, meso, and micro strategies[12] Operational Metrics - The company reported a significant increase in accounts receivable, rising by 193.00% to ¥3,051,939.31 due to the receipt of commercial acceptance bills[7] - The company's inventory increased to RMB 154,327,227.61 from RMB 150,261,667.13, showing a rise of approximately 2.1%[18] - Research and development expenses for Q1 2023 were CNY 25,539,459.52, compared to CNY 22,715,695.98 in the previous year, marking an increase of 12.4%[21] - The company reported a credit impairment loss of CNY 1,071,224.05, a significant improvement from a loss of CNY 2,292,697.83 in the previous year[21] Audit Status - The first quarter report was not audited, which may affect the reliability of the financial data presented[26]