Jalon(SH:688357)2024-04-18 11:56Financial Performance - Basic earnings per share (EPS) fell by 47.95% to 0.38 RMB, while diluted EPS decreased by 52.05% to 0.35 RMB[4] - Net profit attributable to shareholders decreased by 47.74% due to a significant decline in operating revenue and increased marketing expenses[9] - The net profit after deducting non-recurring gains and losses decreased by 52.09%, with period expenses increasing by 5.35 percentage points compared to the previous year[9] - The company reported a gross profit margin of approximately 15.6% for Q1 2024, down from previous levels due to increased costs[32] - The total profit for the quarter was 35,383,302.20 RMB, down from 68,744,645.39 RMB in the same quarter last year, reflecting a decrease of approximately 48.5%[41] - The net profit for the quarter was 31,638,902.18 RMB, compared to 60,546,221.78 RMB in the previous year, representing a decline of about 47.8%[41] - The company reported a basic earnings per share of 0.38 RMB, down from 0.73 RMB in the same quarter last year, indicating a decrease of approximately 48.9%[41] Cash Flow - The net cash flow from operating activities decreased to -29,593,640.87 RMB, a decline of 163.50% compared to the previous year[4] - Cash inflows from operating activities totaled 124,251,392.24 RMB, down from 261,898,980.14 RMB in the previous year[5] - The cash and cash equivalents at the end of the period totaled 733,012,438.61 RMB, a decrease from 802,448,878.91 RMB at the end of the previous period[39] - The cash inflow from investment activities totaled 902,056,169.97 RMB, an increase from 812,302,971.01 RMB in the previous period, showing a growth of about 11.5%[39] - The cash outflow from financing activities was 2,921,824.83 RMB, compared to 666,286.41 RMB in the previous year, indicating a significant increase in cash outflows[41] - The cash flow from financing activities was negative at -2,921,824.83 RMB, contrasting with a positive cash flow of 690,419,913.59 RMB in the previous period, indicating a shift in financing strategy[41] Assets and Liabilities - Total assets decreased by 1.51% to 2,983,507,467.79 RMB compared to the end of the previous year[4] - Total liabilities decreased to ¥1,184,429,802.96 from ¥1,250,471,343.80, indicating a reduction in overall liabilities[28] - Non-current assets increased to ¥1,415,183,430.23 from ¥1,363,831,826.71, showing growth in long-term investments[28] - Current liabilities totaled ¥525,401,368.32, down from ¥597,799,307.45, indicating improved liquidity management[28] Revenue and Market Performance - Operating revenue dropped by 41.18% compared to the same period last year, primarily due to changes in product and customer structure[9] - In Q1 2024, the company achieved revenue of CNY 192 million, a year-on-year decrease of 41.18% but a quarter-on-quarter increase of 11.35%[19] - The company’s foreign sales revenue reached approximately CNY 50.04 million, representing a year-on-year growth of 19.63%[19] - Total operating revenue for Q1 2024 was ¥191,727,092.70, a decrease of 41.18% compared to Q1 2023[36] Research and Development - Research and development (R&D) expenses totaled 8,220,170.93 RMB, a decrease of 40.61% year-over-year, with R&D expenses accounting for 4.29% of operating revenue, an increase of 0.04 percentage points[4] - Research and development expenses for Q1 2024 were ¥8,220,170.93, a decrease from ¥13,840,995.82 in Q1 2023, reflecting a strategic focus on cost management[32] - The company plans to leverage its five joint laboratories to focus on cutting-edge technology research and development, exploring new application scenarios for molecular sieves[20] Strategic Developments - The company has successfully completed the molecular sieve filling for a 240,000-ton/year anhydrous ethanol project for COFCO, marking a significant application expansion[20] - The company’s fifth-generation cryogenic air separation molecular sieve products have been successfully integrated into a Sinopec system, indicating progress in new product development[20] - The company is actively expanding into international markets, particularly in Southeast Asia, where its market share in methane purification has significantly increased[19]