JT(SZ:300400)2020-04-24 16:00Financial Performance - Total revenue for Q1 2020 reached ¥192,335,284.35, an increase of 215.87% compared to ¥60,891,097.10 in the same period last year[7]. - Net profit attributable to shareholders was ¥34,179,763.08, a significant increase of 439.35% from a loss of ¥10,072,044.25 in the previous year[7]. - Basic earnings per share improved to ¥0.14, up 450.00% from a loss of ¥0.04 per share in the same quarter last year[7]. - The company achieved total operating revenue of CNY 192.34 million in Q1 2020, a 215.87% increase compared to the same period last year, primarily due to the successful acceptance of large orders for D-Lami laminating equipment[25]. - Net profit attributable to shareholders was CNY 34.18 million, marking a turnaround from a loss of CNY 10.07 million in the previous year, driven by increased sales in core business segments and reduced management and R&D expenses[22]. - The company reported a gross profit of ¥64,857,784.37, up from a gross loss in the previous year[61]. - The total comprehensive income for the period was CNY 33,891,147.65, a significant recovery from a loss of CNY -10,068,488.55 in the previous year[66]. Cash Flow and Assets - Net cash flow from operating activities surged to ¥64,778,013.52, representing a 1,711.61% increase from ¥3,575,709.52 in Q1 2019[7]. - The company’s operating cash flow surged by 1,711.61% to CNY 64.78 million, attributed to increased sales collections[24]. - Cash flow from operating activities generated a net inflow of CNY 64,778,013.52, a remarkable increase from CNY 3,575,709.52 in the previous year, reflecting strong sales performance[69]. - Total assets at the end of the reporting period were ¥1,102,067,002.43, reflecting a 2.99% increase from ¥1,070,119,932.95 at the end of the previous year[7]. - Current assets totaled CNY 740,494,554.01, up from CNY 706,018,733.07, indicating an increase of about 4.9%[51]. - Cash and cash equivalents increased to CNY 133,605,192.99 from CNY 107,790,214.38, representing a growth of approximately 24.0%[51]. - The company reported cash and cash equivalents at the end of the period amounting to CNY 115,395,425.32, compared to CNY 35,810,460.99 at the end of Q1 2019, showing a growth of over 222%[70]. Shareholder and Equity Information - The total number of shareholders at the end of the reporting period was 14,707, indicating a stable shareholder base[11]. - Net assets attributable to shareholders increased by 8.06% to ¥580,278,551.52 from ¥537,004,508.29 at the end of the last fiscal year[7]. - The company has implemented a stock incentive plan for 75 employees, granting 938,400 shares, which is expected to enhance talent stability[31]. - The company repurchased a total of 5,921,640 shares, accounting for 2.43% of the total share capital, with a total expenditure of RMB 100,238,265.75, including transaction fees[39]. Operational Developments - The company launched several high-performance electronic welding equipment, maintaining its industry-leading position and enhancing revenue growth[26]. - The company has successfully developed specialized equipment for optical module production, including biometric module production equipment and OLED flexible screen 3D bonding equipment, which have gained recognition from major module and panel manufacturers[27]. - The company is currently in the sample testing phase for SUS bonding equipment and fully automatic bonding equipment lines for flexible AMOLED, with the goal of achieving mass production[28]. - The company has launched several important R&D projects, including the nitrogen wave soldering and vacuum reflow soldering, both of which have formed sales and are aimed at expanding market share[28]. Challenges and Risks - The company is facing macroeconomic risks due to the COVID-19 pandemic, which has led to a potential downturn in the economy and increased competition in the electronic assembly equipment industry[32]. - The expansion of the SMT welding equipment and AOI testing equipment project has progressed slower than expected due to a slowdown in downstream customer demand in the electronics assembly industry[1]. - The construction of the R&D center has been delayed, and as of the report date, the project has not yet been completed, resulting in no revenue generation[1]. Future Plans and Strategies - The company plans to enhance the performance and efficiency of its intelligent machine vision detection equipment to meet growing market demand[26]. - The company aims to strengthen its technological innovation capabilities and enhance product quality to maintain its competitive edge in a challenging market[33]. - The company is focusing on diversifying its business layout to explore new growth opportunities in the optical module production sector[38]. - The company plans to enhance R&D efforts to improve product performance and competitiveness in the electronic welding equipment sector[36].