JASIC(SZ:300193)2023-04-27 16:00Financial Performance - The company's revenue for Q1 2023 was ¥233,614,336.05, a decrease of 31.33% compared to ¥340,180,758.42 in the same period last year[4] - Net profit attributable to shareholders was ¥27,104,006.79, down 44.05% from ¥48,442,140.30 year-on-year[4] - The basic earnings per share decreased by 40.00% to ¥0.06 from ¥0.10 in the same period last year[4] - Net profit for the current period is ¥26.93 million, a decline of 44.0% compared to ¥48.36 million in the previous period[25] - The company achieved a profit margin of 11.5% for the current period, down from 14.2% in the previous period[25] - The total comprehensive income for the current period is ¥26.90 million, a decrease of 44.5% from ¥48.12 million in the previous period[26] Cash Flow - The net cash flow from operating activities increased by 300.96%, reaching ¥87,758,281.33, compared to a negative cash flow of ¥43,668,852.16 in the previous year[4] - The net cash flow from financing activities was $7,757,910.34, compared to a negative cash flow of $30,519,197.05 in the previous period[30] - The net increase in cash and cash equivalents was negative at -$218,837,750.01, contrasting with a positive increase of $45,715,150.55 in the prior period[30] - The impact of exchange rate changes on cash and cash equivalents was negative at -$5,878,553.94, compared to -$1,504,865.20 previously[30] - The cash outflow from financing activities totaled $2,134,633.32, with cash outflows related to other financing activities at $1,029,928.64[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,809,388,365.11, reflecting a 2.19% increase from ¥2,749,228,467.50 at the end of the previous year[4] - The company's cash and cash equivalents decreased to CNY 1,265,186,176.25 from CNY 1,525,643,454.18, reflecting a decline of approximately 17%[19] - The total current liabilities increased to CNY 659,114,236.58 from CNY 625,984,389.38, representing an increase of about 5.3%[21] - The total non-current liabilities decreased to CNY 24,138,356.52 from CNY 27,029,203.43, a reduction of about 10.6%[21] - The company’s total liabilities reached CNY 683,252,593.10, up from CNY 653,013,592.81, reflecting an increase of approximately 4.6%[21] Investments and Financial Assets - The company reported a significant increase of 279.29% in trading financial assets, amounting to ¥406,894,002.31, primarily due to increased purchases of financial products[9] - The company experienced a 354.08% decrease in net cash flow from investing activities, totaling -¥308,475,387.74, mainly due to increased purchases of financial products[11] - The company reported a significant increase in trading financial assets, which rose to CNY 406,894,002.31 from CNY 107,278,550.58, marking an increase of approximately 279%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,209[12] - The company announced a passive reduction of shares by a major shareholder, potentially affecting up to 11,768,138 shares, which is about 2.50% of the total share capital excluding repurchased shares[16] Operational Metrics - Total operating revenue for the current period is ¥233.61 million, a decrease of 31.3% from ¥340.18 million in the previous period[24] - Total operating costs decreased to ¥211.40 million, down 26% from ¥285.51 million in the previous period[24] - Research and development expenses remained stable at ¥16.46 million, slightly down from ¥16.75 million in the previous period[25] - The company reported a decrease in sales expenses to ¥10.90 million from ¥8.95 million in the previous period[24] Other Information - The first quarter report was not audited[31] - The company is focused on maintaining liquidity amid fluctuations in cash flow[30] - The company has not disclosed any new product developments or market expansion strategies in this report[32] - The company continues to monitor its financial position closely in light of market conditions[32]