JQSY(SH:600212)2024-04-29 09:41Financial Performance - The company's operating revenue for Q1 2024 was ¥153,342,762.29, representing a year-on-year increase of 55.32%[5] - The net profit attributable to shareholders was a loss of ¥7,525,677.84, with a significant increase in management, sales, and R&D expenses contributing to the loss[10] - The basic earnings per share (EPS) was -¥0.0108, reflecting a decrease due to the larger net loss attributable to shareholders[10] - Total operating revenue for Q1 2024 reached ¥153,342,762.29, a significant increase of 55.4% compared to ¥98,729,680.62 in Q1 2023[22] - Net loss for Q1 2024 was ¥7,837,313.10, compared to a net loss of ¥843,940.86 in Q1 2023, indicating a substantial increase in losses[23] - The total comprehensive income for Q1 2024 was -7,837,313.10 RMB, compared to -843,940.86 RMB in Q1 2023, indicating a significant decline[24] - The basic and diluted earnings per share for Q1 2024 were both -0.0108 RMB, down from -0.0014 RMB in Q1 2023[24] Cash Flow and Liquidity - The net cash flow from operating activities was a negative ¥63,091,297.24, primarily due to increased cash payments for goods and services[10] - Cash inflow from operating activities in Q1 2024 was 164,907,795.28 RMB, a 64.3% increase from 100,249,518.21 RMB in Q1 2023[25] - Cash outflow from operating activities totaled 227,999,092.52 RMB in Q1 2024, compared to 107,609,223.66 RMB in Q1 2023, resulting in a net cash flow from operating activities of -63,091,297.24 RMB[25] - The ending cash and cash equivalents balance for Q1 2024 was 225,104,668.47 RMB, down from 28,145,092.43 RMB at the beginning of the period[26] - The company reported a total cash outflow of 159,983,869.64 RMB in Q1 2024, compared to -5,832,279.09 RMB in Q1 2023[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,242,262,759.14, down 3.96% from the previous year[6] - The company's total assets decreased to ¥1,242,262,759.14 in Q1 2024 from ¥1,293,447,472.97 in Q1 2023, reflecting a decline of approximately 4%[19] - Total liabilities increased to ¥706,803,443.50 in Q1 2024, compared to ¥694,182,864.11 in Q1 2023, marking a rise of about 1.8%[19] - Shareholders' equity attributable to the company decreased by 10.64% to ¥533,123,015.77, mainly due to stock buybacks[11] - The total equity attributable to shareholders decreased to ¥533,123,015.77 in Q1 2024 from ¥596,616,673.73 in Q1 2023, a decline of approximately 10.6%[19] Shareholder Activities - The company has repurchased a total of 9,765,500 shares, accounting for 1.40% of the total share capital, with a maximum purchase price of RMB 7.53 per share[16] - The total amount paid for share repurchases was RMB 56.06 million, excluding transaction fees[16] - The company plans to repurchase shares with a total amount not less than RMB 80 million and not exceeding RMB 150 million within three months[15] - The company is actively engaging in share repurchase to enhance shareholder value and improve stock performance[15] - The total number of common shareholders at the end of the reporting period was 31,691[13] Expenses and Investments - Total operating costs for Q1 2024 were ¥157,287,632.02, up 56.8% from ¥100,292,439.11 in Q1 2023[22] - Research and development expenses rose to ¥9,229,605.75 in Q1 2024, up 129.5% from ¥4,021,234.98 in Q1 2023[22] - The company reported a significant increase in sales expenses, which rose to ¥21,563,912.95 in Q1 2024, compared to ¥15,013,686.98 in Q1 2023[22] - Investment activities generated a net cash flow of -6,727,371.51 RMB in Q1 2024, compared to -931,376.77 RMB in Q1 2023[25] Government Support - The company received government subsidies amounting to ¥307,826.08, which were closely related to its normal business operations[8] Market and Future Plans - The company has indicated plans for market expansion and new product development, although specific details were not disclosed in the report[20] Shareholder Concerns - The company has a significant number of pledged shares among its top shareholders, indicating potential liquidity concerns[13]