JSCN(SH:600959)2024-04-29 08:22Financial Performance - Net profit attributable to shareholders of the listed company was ¥69,808,877.14, a decrease of 25.63% year-on-year [11]. - The company reported a basic earnings per share of ¥0.0140, down 25.53% from the previous year [11]. - The net profit for Q1 2024 was CNY -22,206,575.61, compared to CNY -9,595,965.52 in Q1 2023, indicating a deeper loss [44]. - Net profit for Q1 2024 was RMB 85,000,317.22, a decrease of 25.3% compared to RMB 113,783,726.74 in Q1 2023 [54]. Revenue and Costs - Operating revenue for the first quarter was ¥1,862,000,340.80, reflecting a growth of 3.81% compared to the same period last year [11]. - Operating revenue for Q1 2024 was CNY 705,114,992.25, an increase of 9.66% compared to CNY 642,917,870.70 in Q1 2023 [42]. - Total operating revenue for Q1 2024 reached RMB 1,862,000,340.80, a 3.83% increase from RMB 1,793,687,506.52 in Q1 2023 [53]. - Operating costs for Q1 2024 were CNY 556,103,900.55, up from CNY 506,274,910.78 in Q1 2023, reflecting a rise of 9.83% [42]. - Total operating costs increased to RMB 1,919,409,184.74, up 3.4% from RMB 1,856,172,733.69 in the same period last year [53]. Cash Flow - The net cash flow from operating activities was -¥4,397,217.13, a decline of 117.17% year-on-year [11]. - Net cash flow from operating activities for Q1 2024 was -$115.51 million, compared to -$3.25 million in Q1 2023, indicating a significant decline [46]. - Cash inflow from operating activities totaled RMB 2,273,876,298.57, a decrease from RMB 2,352,724,828.91 in the previous year [56]. - Net cash flow from investing activities was CNY -588,533,814.45, worsening from CNY -279,812,654.58 in Q1 2023 [41]. - Cash flow from financing activities generated CNY 873,401,869.45, compared to CNY 411,649,110.54 in Q1 2023, indicating a 112.00% increase [39]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥37,965,487,413.63, an increase of 1.95% compared to the end of the previous year [4]. - The total assets as of March 31, 2024, were ¥37,965,487,413.63, compared to ¥37,238,686,361.79 at the end of 2023 [33]. - The total liabilities increased significantly, with non-current liabilities rising by 67.65% due to increased bond payables [7]. - Current liabilities totaled approximately $13.50 billion in Q1 2024, compared to $13.36 billion in Q1 2023, indicating a slight increase in short-term obligations [50]. - The company's total non-current liabilities increased to ¥1,159,792,104.06 from ¥656,653,310.69, indicating a significant rise of about 76.58% [73]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 107,924 [17]. - Jiangsu Guojin Group Information Network Investment Co., Ltd. holds 2,376,514,129 shares, accounting for 47.52% of total shares [17]. Financial Ratios and Indicators - The weighted average return on equity decreased by 0.1123 percentage points to 0.3131% [11]. - The company's financial expenses decreased by 379.11%, attributed to an increase in interest income [7]. - Financial expenses increased to CNY 41,098,583.47 in Q1 2024 from CNY 11,372,693.95 in Q1 2023, reflecting a rise of 261.00% [42]. - The company reported a significant increase in interest expenses, which rose to CNY 75,735,877.58 in Q1 2024 from CNY 37,984,458.34 in Q1 2023 [42]. Inventory and Other Assets - The company's inventory rose to ¥528,881,469.46 from ¥457,306,569.29, representing an increase of about 15.59% [70]. - The company's cash and cash equivalents as of March 31, 2024, amounted to ¥5,472,829,104.20, an increase from ¥5,172,836,371.82 at the end of 2023 [28]. - The company's cash and cash equivalents at the end of Q1 2024 were approximately $4.54 billion, up from $3.73 billion at the end of Q1 2023, indicating improved liquidity [47].