JT(SZ:300400)2023-04-27 16:00Financial Performance - The company's revenue for Q1 2023 was CNY 142,272,559, representing a 9.84% increase compared to CNY 129,526,073 in the same period last year[3] - Net profit attributable to shareholders decreased by 60.54% to CNY 2,649,940.21 from CNY 6,715,726.36 year-on-year[3] - Total profit for the period was CNY 1,545,853.97, down 74.21% from CNY 5,994,468.47 in the previous year[9] - Net profit for Q1 2023 was CNY 3,092,538.51, a decrease of 51.9% from CNY 6,428,072.67 in Q1 2022[26] - The total comprehensive income for the first quarter was CNY 3,227,287.09, a decrease of 49.7% compared to CNY 6,418,644.00 in the previous period[27] - The total comprehensive income attributable to the parent company was CNY 2,784,688.79, down from CNY 6,706,297.69 in the previous period[27] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to CNY 4,318,474.15, a 149.32% increase from a negative CNY 8,755,510.74 in the previous year[11] - The net increase in cash and cash equivalents was CNY 22,915,087.68, a significant improvement compared to a decrease of CNY 10,029,416.61 in the same period last year[11] - Cash and cash equivalents at the end of Q1 2023 were CNY 310,822,326.21, up from CNY 283,719,183.27 at the beginning of the year, representing a 9.5% increase[23] - Cash received from sales of goods and services amounted to CNY 182,884,806.53, an increase of 12.3% from CNY 162,483,265.70 in the previous period[28] - The total cash inflow from operating activities was CNY 194,562,909.30, slightly up from CNY 194,442,101.63 in the previous period[28] - The net cash flow from investing activities was CNY -9,713,003.35, compared to CNY -915,049.10 in the previous period, indicating increased investment outflows[29] - The company received CNY 30,000,000.00 from financing activities, marking a positive cash inflow compared to no inflows in the previous period[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,247,967,504.09, a 0.73% increase from CNY 1,238,909,784.86 at the end of the previous year[3] - Total assets as of the end of Q1 2023 were CNY 1,247,967,504.09, compared to CNY 1,238,909,784.86 at the beginning of the year, showing a growth of 0.7%[24] - Total liabilities decreased slightly to CNY 485,292,882.67 from CNY 486,273,122.48, a reduction of 0.2%[24] - The company’s equity attributable to shareholders increased to CNY 750,573,389.66 from CNY 740,978,028.92, reflecting a growth of 1.4%[24] Research and Development - Research and development expenses surged by 74.96% to CNY 12,233,437.04, primarily due to increased material costs and hiring of R&D personnel[7] - The company reported a significant increase in R&D expenses, totaling CNY 12,233,437.04, compared to CNY 6,992,333.43 in the previous year, reflecting a 75.5% increase[26] Shareholder and Management Changes - The company received a notice from controlling shareholder Wu Xian regarding the planning of a voting rights delegation, potentially involving a change in control of the company, with 27.9% of voting rights to be delegated to Dongyang Jinghongwei Chang[17] - The company appointed Chen Wenjuan as the new Vice General Manager and Board Secretary on February 7, 2023, following the resignation of Zhang Na[20] - The company is currently in discussions regarding the formal agreement and implementation of the voting rights delegation, with no certainty on the outcome[19] - The company’s major shareholders include Wu Xian with 79,729,018 shares and Mai Wangqiu with 5,467,149 shares[14] - The total number of restricted shares held by executives remains at 1,636,650 shares, with no changes during the reporting period[16] Market and Product Development - The company has not disclosed any new product or technology developments in the current report[18] - The company has not reported any market expansion or acquisition strategies in the latest updates[18] - The financial report for Q1 2023 is pending, with no specific performance metrics provided in the current documents[21]