JGBR(SZ:300421)2022-04-28 16:00Financial Performance - Revenue for Q1 2022 was CNY 231,080,010.40, a decrease of 5.89% compared to CNY 245,532,325.21 in the same period last year[3] - Net profit attributable to shareholders was CNY 12,224,427.07, down 63.52% from CNY 33,508,380.17 year-over-year[3] - Basic earnings per share decreased by 63.49% to CNY 0.0494 from CNY 0.1353 in the previous year[3] - Total operating revenue for the current period was ¥231,080,010.40, a decrease of 5.9% from ¥245,532,325.21 in the previous period[21] - Net profit for the current period was ¥12,224,427.07, down 63.5% from ¥33,508,380.17 in the previous period[22] - The total comprehensive income for the first quarter was CNY 13,496,021.51, a decrease of 61.5% compared to CNY 35,012,785.17 in the previous period[23] - Basic and diluted earnings per share were CNY 0.0494, down from CNY 0.1353 in the same period last year, representing a decline of 63.5%[23] Cash Flow - Net cash flow from operating activities was negative CNY 71,019,790.80, a decline of 346.75% compared to CNY 28,781,737.93 in the same period last year[3] - Total cash inflow from operating activities was CNY 162,381,198.01, down 47% from CNY 306,411,237.33 in the previous year[26] - Cash outflow from operating activities totaled CNY 233,400,988.81, a decrease of 15.9% compared to CNY 277,629,499.40 in the previous year[26] - Cash flow from investing activities was negative CNY 8,297,779.85, an improvement from negative CNY 31,809,920.54 in the previous year[27] - Cash flow from financing activities showed a net inflow of CNY 18,232,322.10, compared to a net outflow of CNY 27,854,745.80 in the previous year[27] - The ending balance of cash and cash equivalents was CNY 73,639,404.84, down from CNY 146,917,916.06 in the previous year[27] - The company received CNY 40,000,000.00 from borrowings, a decrease from CNY 50,000,000.00 in the previous year[27] Assets and Liabilities - Total assets at the end of the period were CNY 1,687,772,338.87, a slight increase of 0.08% from CNY 1,686,365,697.97 at the end of the previous year[3] - Current assets totaled ¥795,702,771.63, showing a marginal decrease from ¥796,153,247.53[18] - Total liabilities decreased to ¥440,271,994.69 from ¥454,515,522.84, a reduction of 3.1%[19] - The company’s equity attributable to shareholders increased to ¥1,247,500,344.18 from ¥1,231,850,175.13, an increase of 1.3%[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 14,827[12] - The largest shareholder, Shi Xianggui, holds 22.47% of shares, totaling 55,633,396 shares[12] - The top 10 shareholders hold a significant portion of shares, with the top three alone accounting for over 28%[12] - The total number of restricted shares at the beginning of the period was 61,883,378, with 2,172,500 shares released during the period, leaving 59,710,878 restricted shares[14] Strategic Initiatives - The company plans to raise up to 35 million RMB through a private placement of A-shares for projects including an annual production of 6,000 tons of precision rolling bodies[15] - The company is focusing on enhancing its core competitiveness and profitability through strategic funding initiatives[15] - The company has a clear plan for expanding production capacity with specific projects outlined for funding[15] - The report indicates that the company is actively managing its shareholder structure and equity incentives[14] Other Financial Information - Financial expenses increased by 158.95% to CNY 2,709,112.69, primarily due to increased interest expenses and exchange rate differences[9] - The company reported a government subsidy of CNY 1,752,774.59, a decrease of 77.57% compared to CNY 7,815,673.39 in the previous year[9] - Research and development expenses rose to ¥15,411,065.33, compared to ¥11,892,330.75, marking an increase of 29.5%[22] - The company reported a tax expense of ¥2,410,608.63, down from ¥6,391,680.46, a decrease of 62.3%[22] - The company did not conduct an audit for the first quarter report[29]