JCT(SH:603657)2024-04-29 07:56Financial Performance - The company's operating revenue for Q1 2024 was CNY 364,023,793.31, representing a decrease of 11.22% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 4,044,937.51, a decline of 124.28% year-over-year[5]. - The basic earnings per share (EPS) was -CNY 0.03, reflecting a decrease of 125.00% compared to the previous year[5]. - The company reported a decrease in gross profit due to reduced orders in its vacuum cleaner OEM business, impacting both revenue and net profit[9]. - The company recorded a total comprehensive income of -7,991,591.41 CNY in Q1 2024, compared to 17,970,260.29 CNY in Q1 2023, indicating a decline of approximately 144%[22]. - The basic and diluted earnings per share for Q1 2024 were both -0.03 CNY, down from 0.12 CNY in Q1 2023, reflecting a decrease of 125%[22]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 74,275,004.76, with no applicable year-over-year comparison[5]. - The company achieved a net cash flow from operating activities of 74,275,004.76 CNY in Q1 2024, compared to a negative cash flow of -15,893,009.41 CNY in Q1 2023[25]. - Cash and cash equivalents increased to RMB 538,216,154.19 as of March 31, 2024, up from RMB 472,083,475.13 at the end of 2023, representing a growth of 14.0%[15]. - Cash and cash equivalents at the end of Q1 2024 amounted to 349,606,680.80 CNY, an increase from 326,110,252.22 CNY at the end of Q1 2023, representing a growth of about 7.2%[26]. - Investment activities resulted in a net cash outflow of -19,061,624.94 CNY in Q1 2024, compared to a net inflow of 31,868,084.16 CNY in Q1 2023[26]. - The company raised 200,182,884.48 CNY through financing activities in Q1 2024, compared to 100,935,833.33 CNY in Q1 2023, marking an increase of approximately 98%[26]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,954,727,462.37, a slight decrease of 0.16% from the end of the previous year[6]. - Total assets as of March 31, 2024, were RMB 1,954,727,462.37, slightly down from RMB 1,957,797,877.97 at the end of 2023[16]. - Total liabilities increased to RMB 1,013,102,659.89 from RMB 1,000,561,112.02, an increase of 1.6%[17]. - The company’s equity attributable to shareholders decreased to RMB 941,624,802.48 from RMB 957,236,765.95, a decline of 1.6%[17]. - The equity attributable to shareholders decreased by 1.63% to CNY 941,624,802.48 compared to the end of the previous year[6]. - Short-term borrowings rose to RMB 311,602,690.03, compared to RMB 226,419,805.55, an increase of 37.7%[16]. Operational Metrics - Total operating revenue for Q1 2024 was RMB 364,023,793.31, a decrease of 11.2% compared to RMB 410,011,968.35 in Q1 2023[20]. - Total operating costs decreased to 372,647,516.63 CNY in Q1 2024 from 394,615,526.50 CNY in Q1 2023, a reduction of about 5.5%[21]. - Research and development expenses increased to 14,621,247.34 CNY in Q1 2024, up from 12,607,706.90 CNY in Q1 2023, reflecting a growth of approximately 16%[21]. - The company reported a credit impairment loss of 5,422,192.93 CNY in Q1 2024, down from 8,702,766.24 CNY in Q1 2023, indicating a reduction of about 37%[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 9,017[11].