JT(SZ:300400)2019-04-24 16:00Financial Performance - Total revenue for Q1 2019 was ¥60,891,097.10, a decrease of 54.20% compared to ¥132,946,593.02 in the same period last year[7]. - Net profit attributable to shareholders was a loss of ¥10,072,044.25, representing a decline of 150.29% from a profit of ¥20,028,580.59 in the previous year[7]. - The net cash flow from operating activities decreased by 77.21%, amounting to ¥3,575,709.52 compared to ¥15,688,859.68 in the same period last year[7]. - Basic and diluted earnings per share were both -¥0.04, down 150.00% from ¥0.08 in the previous year[7]. - Total assets at the end of the reporting period were ¥903,017,190.34, a decrease of 3.83% from ¥938,951,223.21 at the end of the previous year[7]. - Net assets attributable to shareholders decreased by 6.41%, totaling ¥563,628,872.16 compared to ¥602,242,664.38 at the end of the previous year[7]. - The weighted average return on equity was -1.73%, down from 3.97% in the same period last year, reflecting a decline of 5.70%[7]. - The company reported total revenue of CNY 60.89 million, a decrease of 54.20% compared to the same period last year[25]. - The company's net profit attributable to shareholders was CNY -10.07 million, reflecting a decline of 150.29% year-on-year due to decreased sales and increased R&D expenses[22]. - Total operating revenue decreased to ¥60,891,097.10 from ¥132,946,593.02, representing a decline of approximately 54.2% year-over-year[61]. - Net profit for the period was a loss of ¥10,072,501.96 compared to a profit of ¥20,074,445.34 in the previous period, indicating a significant decline[63]. Cash Flow and Assets - Cash flow from operating activities decreased by 77.21% to CNY 3.58 million, mainly due to reduced sales collections[24]. - As of March 31, 2019, the company's cash and cash equivalents decreased to ¥43,787,450.75 from ¥58,850,145.41 at the end of 2018, representing a decline of approximately 25.6%[51]. - Accounts receivable decreased to ¥170,133,738.37 from ¥216,968,215.32, indicating a reduction of about 21.5%[51]. - Inventory increased significantly to ¥191,514,011.92 from ¥150,220,308.43, reflecting a growth of approximately 27.5%[51]. - The total current assets decreased to ¥565,890,987.12 from ¥603,891,783.96, showing a decline of around 6.3%[51]. - The company's cash and cash equivalents decreased from CNY 57,836,067.89 to CNY 43,104,671.77, a drop of approximately 25.5%[57]. - Total assets decreased from CNY 944,762,746.23 to CNY 909,162,646.43, a decline of approximately 3.77%[58]. - The total liabilities increased from CNY 344,230,295.48 to CNY 347,240,432.20, an increase of about 0.87%[60]. - The company's equity decreased from CNY 600,532,450.75 to CNY 561,922,214.23, a decline of approximately 6.43%[60]. Research and Development - The company's R&D expenses surged by 137.26% to CNY 11.70 million, attributed to increased investment in new product development[21]. - Research and development expenses increased to ¥11,703,931.09 from ¥4,933,033.03, reflecting a rise of approximately 137.5% year-over-year[61]. - The company has developed the 3D-Lami bonding equipment for flexible OLED screens, which has been validated by clients and is expected to enhance market competitiveness[30]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,963[11]. - The largest shareholder, Wu Xian, holds 32.65% of the shares, amounting to 79,729,018 shares, with 73,556,100 shares under pledge[11]. - The company has granted 850,000 restricted stock units to 31 incentive targets, including senior management and core personnel, to enhance talent stability[31]. - The company has committed to distributing at least 15% of the annual distributable profit as cash dividends, unless certain conditions are met[41]. - The company’s actual controller, Wu Xian, has made commitments regarding non-competition and share transfer restrictions for a period of 36 months post-IPO[41]. Future Outlook and Strategy - The company anticipates a recovery in orders as external business conditions improve, with significant breakthroughs in the R&D of certain optoelectronic devices expected to drive future sales[26]. - The company plans to expand its overseas market presence to mitigate risks associated with new capacity not being absorbed in a timely manner[35]. - The company aims to enhance its core competitiveness in the optical module market through continuous technological innovation[34]. Compliance and Governance - The company has not reported any changes in the use of raised funds, indicating a stable financial strategy[43]. - There were no violations regarding external guarantees during the reporting period[47]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[48].