JGGF(SZ:300510)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥209,660,743.12, representing a 15.28% increase compared to ¥181,876,790.04 in the same period last year[3]. - The net profit attributable to shareholders for Q1 2023 was ¥12,246,764.85, a significant turnaround from a loss of ¥10,423,780.49 in Q1 2022, marking a 217.49% increase[3]. - Basic earnings per share for Q1 2023 were ¥0.0148, compared to a loss of ¥0.0126 per share in Q1 2022, reflecting a 217.46% increase[3]. - Net profit for Q1 2023 was ¥11,013,775.34, a significant recovery from a net loss of ¥11,222,134.34 in Q1 2022[21]. - The total equity attributable to shareholders of the parent company was ¥2,658,723,137.44, slightly up from ¥2,646,476,372.59[21]. Cash Flow - The net cash flow from operating activities improved to -¥46,950,431.19, a 20.32% reduction in losses compared to -¥58,927,262.67 in the previous year[3]. - Cash inflow from operating activities totaled ¥210,277,385.76, a decrease from ¥234,008,357.93 in the same quarter last year[24]. - The net cash flow from operating activities was -46,950,431.19 CNY, an improvement from -58,927,262.67 CNY in the previous year[25]. - The net cash flow from investing activities was 187,713,359.67 CNY, compared to -23,063,284.68 CNY in the same period last year[25]. - Cash inflow from financing activities amounted to 165,913,725.40 CNY, up from 67,203,942.00 CNY year-over-year[25]. - The net increase in cash and cash equivalents was 219,185,133.87 CNY, contrasting with a decrease of -45,189,697.72 CNY in the previous year[25]. - The ending balance of cash and cash equivalents reached 436,374,356.15 CNY, compared to 205,621,084.29 CNY at the end of the same quarter last year[25]. Assets and Liabilities - Total assets at the end of Q1 2023 were ¥3,522,635,854.68, a 1.09% increase from ¥3,484,725,111.12 at the end of the previous year[3]. - The company's total assets at the end of the reporting period amount to CNY 3,484,725,111.12, a decrease from CNY 3,522,635,854.68 at the beginning of the year[17]. - Total liabilities increased to ¥853,943,284.24, compared to ¥827,046,316.02 at the end of the previous period[21]. - The total liabilities decreased from CNY 1,037,910,000.00 to CNY 1,000,000,000.00[17]. - The company's long-term equity investments increased significantly from CNY 194,780,229.48 to CNY 399,924,948.14[17]. Expenses - Research and development expenses rose to ¥13,014,636.46, a 30.88% increase from ¥9,943,935.53 in the same period last year, indicating a focus on innovation[9]. - The company experienced a 40.19% increase in selling expenses, totaling ¥23,710,486.97, attributed to higher marketing costs[9]. - Total operating costs for Q1 2023 were ¥209,616,051.63, up from ¥199,985,905.27 in the same period last year, reflecting a rise of 4.3%[20]. - Cash outflow for investment activities totaled 42,287,111.13 CNY, an increase from 23,064,084.68 CNY in the previous year[25]. - Cash paid for financing activities was 87,491,520.01 CNY, compared to 30,403,092.37 CNY in the same period last year[25]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 33,990[13]. - The largest shareholder, Luoyang Ancient Capital Asset Management Co., Ltd., holds 26.28% of shares, totaling 217,795,715 shares, with 217,165,715 shares pledged[13]. Company Strategy and Developments - The company has not reported any new product developments or market expansion strategies in the current quarter[15]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[21]. - The report was released by the board of directors on April 27, 2023[26]. - The company did not undergo an audit for the first quarter report[26].