ZJJF(SH:600668)2024-04-29 07:54Financial Performance - The company's operating revenue for Q1 2024 was CNY 601.67 million, a decrease of 0.93% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 2.43 million, down 89.51% year-on-year, primarily due to a decline in product gross margin[5][8]. - The basic and diluted earnings per share were both CNY 0.0071, reflecting a decrease of 89.51% compared to the previous year[5][8]. - The company reported a significant decline in net profit due to reduced gross margins, impacting overall profitability[8]. - The company reported a net profit margin of -1.43% for Q1 2024, compared to a net profit margin of 0.82% in Q1 2023[18]. - In Q1 2024, the company reported a net profit of CNY 1,605,059.71, a significant decrease of 91% compared to CNY 17,846,527.06 in Q1 2023[19]. - The company's operating profit was CNY 11,703,054.11, a decline of 53% from CNY 24,851,658.10 in Q1 2023[19]. - The total comprehensive income for the period was CNY 5,615,076.93, a decrease of 60% compared to CNY 14,106,650.65 in Q1 2023[20]. Cash Flow and Assets - The net cash flow from operating activities was CNY -10.12 million, indicating a decrease in cash inflow from operations[5][8]. - The net cash flow from operating activities was negative at CNY -10,124,178.44, worsening from CNY -7,741,386.39 in Q1 2023[23]. - Cash and cash equivalents decreased to RMB 184,563,650.54 from RMB 211,278,795.28 at the end of 2023[13]. - The cash and cash equivalents at the end of the period stood at CNY 153,823,798.93, a decrease from CNY 277,498,034.84 at the end of Q1 2023[24]. - Current assets as of March 31, 2024, totaled RMB 1,127,553,925.02, an increase from RMB 1,100,430,619.82 at the end of 2023[13]. - Total assets at the end of Q1 2024 were CNY 7,080.23 million, an increase of 0.47% from the end of the previous year[6]. - Total assets increased to RMB 7,080,232,036.90 from RMB 7,047,279,717.07 at the end of 2023[14]. - Total liabilities as of March 31, 2024, were RMB 1,629,844,703.41, compared to RMB 1,578,751,464.77 at the end of 2023[15]. Shareholder Information - Shareholders' equity attributable to the company was CNY 5,113.77 million, a slight increase of 0.08% from the previous year-end[6]. - The company's equity attributable to shareholders was RMB 5,113,773,661.26, slightly up from RMB 5,109,491,340.32 at the end of 2023[15]. - The total number of common shareholders at the end of the reporting period was 35,661[9]. Operating Costs and Expenses - Total operating costs for Q1 2024 were RMB 608,529,424.76, an increase of 0.28% from RMB 605,839,763.70 in Q1 2023[18]. - Operating costs included RMB 478,541,811.90 in cost of goods sold, up from RMB 469,877,792.37 in the previous year[18]. - Research and development expenses decreased to CNY 20,575,078.73, down 16% from CNY 24,512,620.36 year-over-year[19]. - The company reported a total tax expense of CNY 9,721,245.51, an increase from CNY 8,039,865.68 in the previous year[19]. Non-Recurring Items - Non-recurring gains and losses amounted to CNY 8.00 million, with government subsidies contributing CNY 10.24 million[7][8]. - The company achieved an investment income of CNY 5,336,114.93, down 64% from CNY 14,706,111.76 in the previous year[19]. - The weighted average return on equity was 0.05%, a decrease of 0.40 percentage points compared to the previous year[5].