JDM(SH:603088)2024-04-29 11:57Financial Performance - The company's operating revenue for Q1 2024 was CNY 182,901,643.08, representing a year-on-year increase of 17.23%[5] - The net profit attributable to shareholders for the same period was CNY 53,323,240.83, reflecting a significant increase of 40.97% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 50,340,054.94, which is an increase of 57.81% year-on-year[5] - The basic earnings per share for Q1 2024 was CNY 0.12, up by 33.33% from the same period last year[7] - Total operating revenue for Q1 2024 reached ¥182.90 million, a 17.3% increase from ¥156.02 million in Q1 2023[27] - Net profit for Q1 2024 was ¥53.67 million, a 41.3% increase compared to ¥37.97 million in Q1 2023[29] - Basic and diluted earnings per share for Q1 2024 were both ¥0.12, up from ¥0.09 in Q1 2023[29] Cash Flow and Assets - The net cash flow from operating activities decreased by 84.95%, amounting to CNY 3,568,896.74, primarily due to increased cash payments for goods and employee compensation[11] - Cash flow from operating activities generated a net cash inflow of ¥3.57 million in Q1 2024, down from ¥23.71 million in Q1 2023[31] - Cash flow from investing activities resulted in a net outflow of ¥67.85 million in Q1 2024, compared to a net outflow of ¥107.38 million in Q1 2023[32] - Cash and cash equivalents were reported at CNY 204,438,370.44, down from CNY 270,733,910.39 as of December 31, 2023[19] - Cash and cash equivalents at the end of Q1 2024 totaled ¥202.66 million, an increase from ¥170.22 million at the end of Q1 2023[32] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,451,134,658.30, showing a slight increase of 1.36% from the end of the previous year[7] - The total liabilities decreased to CNY 659,809,202.33 from CNY 695,406,604.65 in the previous period[23] - The total assets increased to CNY 1,451,134,658.30 from CNY 1,431,611,537.75[23] - The company's equity attributable to shareholders rose to CNY 781,770,018.50 from CNY 727,001,099.24[23] - The equity attributable to shareholders increased by 7.53% to CNY 781,770,018.50 compared to the end of the previous year[7] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,334[14] Research and Development - Research and development expenses rose to ¥14.72 million in Q1 2024, up from ¥11.50 million in Q1 2023, indicating a focus on innovation[27] Tax and Other Income - Tax expenses for Q1 2024 were ¥8.79 million, compared to ¥6.03 million in Q1 2023, reflecting a 46.0% increase[29] - Other comprehensive income after tax for Q1 2024 was ¥1.14 million, recovering from a loss of ¥8.31 million in Q1 2023[29] Government Subsidies - The company received government subsidies amounting to CNY 2,651,961.29, which positively impacted the financial results[10] Inventory and Receivables - The inventory level was reported at CNY 450,036,470.03, compared to CNY 429,920,727.85 in the previous period[19] - The accounts receivable increased to CNY 112,066,369.08 from CNY 97,941,929.54[19] Other Information - The company did not provide any updates on new products, technologies, or market expansion strategies during the call[17]