JJIT(900929)2024-04-26 07:51Financial Performance - Total assets at the end of 2023 were CNY 1,222,544,726.26, an increase of 24.53% compared to CNY 981,726,522.32 at the end of 2022[3] - The total liabilities and equity increased, reflecting the company's growth strategy and market expansion efforts[3] - Total assets increased to CNY 1,222,544,726.26, up from CNY 981,726,522.32, representing a growth of approximately 24.6% year-over-year[15] - Total liabilities reached CNY 420,815,038.39, up from CNY 289,766,196.35, marking an increase of around 45.2%[16] - Owner's equity totaled RMB 801,729,687.87, up 15.8% from RMB 691,960,325.97 in the previous year[13] - The total equity attributable to shareholders increased to CNY 805,184,264.04 from CNY 696,260,278.99, showing a growth of about 15.6%[16] Asset Composition - Accounts receivable increased by 98.99% to CNY 128,756,100.86, representing 10.53% of total assets[7] - Prepayments surged by 398.78% to CNY 71,499,363.81, accounting for 5.85% of total assets[7] - Current assets totaled RMB 338,575,239.70, an increase of 55.4% from RMB 217,889,330.27 in 2022[11] - Total non-current assets reached RMB 875,960,743.04, up 14.7% from RMB 763,837,192.05 in 2022[12] - Non-current assets totaled CNY 883,969,486.56, compared to CNY 763,837,192.05, indicating an increase of about 15.7%[15] Liabilities - Contract liabilities increased by 73.06% to CNY 143,812,192.11, making up 11.76% of total assets[7] - The company reported a significant increase in accounts payable, which rose to CNY 81,059,284.31 from CNY 49,723,505.32, reflecting a growth of approximately 63.1%[15] - Long-term employee compensation liabilities rose to CNY 90,138,886.00 from CNY 72,706,226.00, indicating an increase of about 24.0%[16] - Deferred tax liabilities rose to CNY 29,510,885.82 from CNY 0.00, reflecting an increase due to the fair value rise of other equity investments[8] Income and Profitability - Deferred tax assets increased by 27.53% to CNY 8,008,743.52, attributed to the profitability of subsidiaries[8] - Other comprehensive income improved to RMB 86,247,813.92, compared to a loss of RMB 5,787,095.44 in 2022[13] Strategic Initiatives - The company aims to leverage its improved financial position for future investments and potential acquisitions[3] - The management highlighted ongoing research and development efforts for new products and technologies to enhance market competitiveness[3] - The company plans to enhance its information disclosure quality and strengthen data review processes following recent adjustments in financial reporting[19]