NEW JCM(SZ:300157)2021-06-16 16:00Financial Performance - Total revenue for Q1 2020 was ¥61,559,420.67, a decrease of 81.02% compared to ¥324,262,195.21 in the same period last year[8]. - Net profit attributable to shareholders was -¥56,086,561.20, representing a decline of 1,796.44% from -¥2,957,461.82 year-on-year[8]. - Basic and diluted earnings per share were both -¥0.08, a decrease of 1,900.00% compared to the previous year[8]. - The company reported a net loss of ¥1,174,779,490.15, compared to a loss of ¥1,118,692,928.95 in the previous period, indicating a worsening of approximately 5%[36]. - The net loss for Q1 2020 was CNY 58,980,708.29, compared to a net loss of CNY 7,965,740.25 in the same period last year[44]. - The company reported a total comprehensive income of -29,160,952.12 CNY for the first quarter, which is a decline from -24,663,034.77 CNY in the previous year[49]. Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥43,804,118.00, a 121.34% increase from -¥205,219,952.95 in the previous year[8]. - Cash and cash equivalents decreased by 55.86% compared to the previous period, primarily due to the repayment of loans to financial institutions[18]. - Total cash and cash equivalents at the end of the period were 126,387,827.28 CNY, down from 403,542,560.93 CNY at the end of the previous year, reflecting a decrease of approximately 68.7%[53]. - Cash inflow from operating activities totaled 312,998,454.04 CNY, compared to 242,975,136.05 CNY in the previous year, representing an increase of about 28.8%[52]. - Cash outflow from operating activities was 269,194,336.04 CNY, down from 448,195,089.00 CNY in the previous year, showing a reduction of approximately 40%[52]. - The net cash flow from financing activities was -173,472,299.18 CNY, a significant decrease from 406,597,075.53 CNY in the previous year[56]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,414,344,432.22, down 3.09% from ¥4,555,030,571.32 at the end of the previous year[8]. - The company's current assets decreased to ¥1,719,649,222.88 from ¥1,913,497,356.39, representing a reduction of about 10.1%[33]. - The total liabilities decreased to ¥1,886,203,970.72 from ¥1,968,509,252.18, indicating a reduction of approximately 4.2%[35]. - The company's equity attributable to shareholders decreased to ¥2,154,933,414.50 from ¥2,201,678,818.19, a decline of about 2.1%[36]. - The total assets of the company were CNY 4,077,865,454.48, a decrease from CNY 4,203,969,383.47[40]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 31,394[12]. - The largest shareholder, Yinchuan Zhongneng New Finance Technology Co., Ltd., held 10.67% of shares[12]. Operational Insights - The company's operating revenue for Q1 was 61.56 million yuan, a decrease of 81.02% year-on-year, mainly due to the impact of COVID-19 and strict pandemic control measures[22]. - Operating costs for Q1 decreased by 80.36% year-on-year, corresponding to the decline in revenue[19]. - The first major customer accounted for 75.23% of total sales, indicating a significant reliance on this customer[24]. Research and Development - The company’s research and development expenditures increased by 54.18% compared to the previous period, reflecting a commitment to innovation[18]. - The company reported a decrease in research and development expenses to CNY 6,947,546.89 from CNY 7,926,310.62 year-on-year[43]. Corporate Governance - The company reported a commitment to maintain independent operations, ensuring that its management and financial systems are not influenced by controlling shareholders[25]. - The company guarantees that its assets and operations are independent, with no interference from controlling parties, ensuring a sustainable business model[26]. - The company has established independent financial departments and accounting systems to maintain financial autonomy[25]. - The company has a structured governance framework, including independent directors and a supervisory board, to uphold corporate governance standards[26]. - The company is focused on maintaining a clear separation between its operations and those of its controlling shareholders to protect shareholder interests[25].