JSSMDL(SH:603530)2024-04-26 10:09Financial Performance - Net profit attributable to shareholders of the listed company reached CNY 63,738,048.75, an increase of 329.69% year-on-year [24]. - Basic earnings per share were CNY 0.15, reflecting a 400% increase compared to the same period last year [24]. - The weighted average return on net assets increased by 294 basis points to 3.87% [24]. - Operating revenue for the quarter was CNY 231,147,541.98, representing an 18.89% increase year-on-year [24]. - The company reported a significant increase in net profit due to cost reduction measures and a decrease in raw material prices, which improved gross profit margins [26]. - The company experienced a significant rise in net profit from non-recurring gains and losses, with a notable contribution from reduced material costs [26]. - The total net profit for the first quarter of 2024 is CNY 63,840,559.92, compared to CNY 17,503,871.40 in the same period last year, representing a significant increase [68]. - The total comprehensive income for the first quarter of 2024 is CNY 63,741,874.21, up from CNY 14,944,652.99 year-over-year [81]. - Operating profit for Q1 2024 was ¥74,925,841.27, up from ¥16,999,611.68 in Q1 2023, indicating a growth of about 340.5% [63]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,945,284,142.66, a decrease of 3.87% compared to the end of the previous year [4]. - The total assets decreased to $1,945,284,142.66 from $2,023,582,879.86, reflecting a decline of 3.9% [31]. - Current assets totaled $1,111,908,880.09, down from $1,185,491,721.48, indicating a decrease of 6.2% [31]. - Total liabilities decreased to 297,629,163.81 RMB from 378,277,643.94 RMB, indicating a reduction in financial obligations [45]. - The total liabilities decreased from CNY 378,277,643.94 to CNY 297,629,163.81, indicating a reduction of about 21.33% [84]. - The company's total equity increased slightly to 1,674,343,339.66 RMB from 1,670,303,384.04 RMB, reflecting stable shareholder confidence [45]. - The company's total equity rose from ¥1,647,826,485.68 in December 2023 to ¥1,651,767,755.59 in March 2024, a slight increase of about 0.2% [61]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY 13,999,088.89, a decrease of 180.90% compared to the previous year [24]. - Net cash flow from operating activities was negative at -$12,487,532.14, compared to a positive $21,499,791.34 in Q1 2023 [40]. - The company reported a net increase in cash and cash equivalents of -$57,979,995.26 for Q1 2024, compared to -$68,215,183.82 in Q1 2023 [36]. - Cash and cash equivalents at the end of Q1 2024 were $351,846,944.32, down from $459,129,781.98 at the end of Q1 2023 [36]. - Cash inflow from financing activities totaled 78,140,031.75 RMB, while cash outflow was 138,765,611.07 RMB, resulting in a net cash flow of -60,625,579.32 RMB [48]. - The total cash outflow from operating activities was 223,097,967.88 RMB, compared to 166,398,653.29 RMB in the previous period, highlighting increased operational expenses [43]. Expenses and Investments - Research and development expenses for Q1 2024 were $9,942,481.48, a decrease of 15.8% from $11,816,790.52 in Q1 2023 [33]. - Other income increased to ¥4,959,228.45 in Q1 2024 compared to ¥2,364,799.08 in Q1 2023, reflecting a growth of about 109.8% [85]. - Financial expenses showed a significant improvement, with a net financial income of -¥1,623,701.84 in Q1 2024 compared to -¥3,956,603.71 in Q1 2023 [85]. - The company reported a tax and additional charges of ¥2,236,531.56 in Q1 2024, down from ¥2,634,724.34 in Q1 2023, which is a decrease of about 15.1% [85]. - The company received cash inflows from investment activities totaling $57,377,248.79, compared to $55,173,480.67 in Q1 2023 [40]. - Investment income for Q1 2024 was ¥46,144.64, a decrease from ¥83,769.79 in Q1 2023, representing a decline of approximately 45% [85]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period is 18,560, with the largest shareholder holding 62.46% of the shares [75]. - The company has pledged 84,000,000 shares, which is 31.11% of the largest shareholder's holdings [75]. Strategic Focus - The company is focusing on enhancing its R&D capabilities and exploring new market opportunities as part of its growth strategy [88].