JSSS(SH:600220)2024-04-29 12:56Financial Performance - The company's operating revenue for Q1 2024 was ¥239,195,258.23, representing a decrease of 30.22% compared to the same period last year[6]. - The net profit attributable to shareholders was -¥27,167,802.71, with a significant decline attributed to reduced revenue from woolen textile operations[6][7]. - The net profit for Q1 2024 was a loss of ¥26,657,076.80, compared to a loss of ¥981,930.64 in Q1 2023[18]. - The net profit attributable to the parent company for Q1 2024 was -27,167,802.71 RMB, compared to -1,955,351.05 RMB in Q1 2023, indicating a significant decline in profitability[19]. - The total comprehensive income for Q1 2024 was -25,746,792.34 RMB, compared to -3,505,206.23 RMB in Q1 2023, reflecting a worsening financial position[19]. - The basic and diluted earnings per share were both -¥0.0152, indicating a loss[6]. - The basic and diluted earnings per share for Q1 2024 were both -0.0152 RMB, compared to -0.0011 RMB in Q1 2023, reflecting a decline in earnings performance[19]. Cash Flow - The net cash flow from operating activities was ¥58,028,135.84, showing a drastic decrease of 357.00% compared to the previous year[6][7]. - Operating cash flow for Q1 2024 was 58,028,135.84 RMB, a recovery from -22,578,655.42 RMB in Q1 2023, showing improved cash generation from operations[22]. - The company's cash and cash equivalents increased to ¥82,827,840.95 as of March 31, 2024, up from ¥76,278,203.90 at the end of 2023[13]. - The cash inflow from investment activities was 265,486.73 RMB in Q1 2024, down from 7,091,189.38 RMB in Q1 2023, indicating reduced investment returns[22]. - The company incurred a net cash outflow from financing activities of -39,664,889.14 RMB in Q1 2024, compared to -27,662,583.69 RMB in Q1 2023, indicating increased cash usage for financing[23]. - The total cash outflow from operating activities amounted to ¥143,513,700.34, down from ¥252,760,901.63 in the same period last year[32]. - The net cash flow from financing activities was -¥39,437,492.05, worsening from -¥27,045,969.40 in Q1 2023[32]. - The cash and cash equivalents at the end of Q1 2024 stood at ¥32,559,038.33, a decrease from ¥66,846,403.60 at the end of Q1 2023[32]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,027,384,188.48, a decrease of 0.82% from the previous year[6]. - Total assets as of March 31, 2024, were ¥4,027,384,188.48, a decrease from ¥4,060,868,461.92 at the end of 2023[14]. - Total liabilities decreased to ¥1,980,623,200.98 from ¥1,988,360,682.09 at the end of 2023[15]. - The total liabilities decreased to 2,508,558,493.71 RMB as of March 31, 2024, from 2,505,221,019.59 RMB at the end of 2023, suggesting a stable financial structure[25]. - The company's equity attributable to shareholders decreased to ¥1,940,327,148.23 from ¥1,966,584,666.48 at the end of 2023[15]. - The total equity decreased to CNY 2,401,204,166.37 from CNY 2,418,895,356.48 in the previous quarter[27]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 99,779[9]. - The controlling shareholder, Jiangsu Sunshine Group Co., Ltd., held 12.69% of the shares, with significant pledges on shares by major shareholders[11]. Operational Metrics - Total operating costs for Q1 2024 were ¥258,834,060.08, down 24.0% from ¥340,552,281.19 in Q1 2023[18]. - The company reported sales revenue from goods and services of 297,799,272.33 RMB in Q1 2024, up from 287,670,171.29 RMB in Q1 2023, indicating a growth of approximately 4.0%[21]. - The company's financial expenses decreased significantly to CNY 17,926,104.79 from CNY 30,006,119.97 in Q1 2023, a reduction of 40.4%[29]. - Research and development expenses were CNY 2,183,489.85, slightly down from CNY 2,321,784.21 in Q1 2023[29]. - The company reported a significant increase in employee compensation payable, rising to CNY 17,300,621.63 from CNY 10,349,064.00 in the previous quarter[27]. Inventory and Receivables - Accounts receivable decreased to ¥909,353,249.64 from ¥936,614,588.81 at the end of 2023, reflecting a reduction of 2.4%[13]. - Inventory increased to ¥708,813,446.65, up 2.0% from ¥691,089,585.86 at the end of 2023[13].