JT(300400)2024-04-28 07:55Financial Performance - The company's revenue for Q1 2024 was ¥127,512,544.71, a decrease of 10.37% compared to ¥142,272,559.00 in the same period last year[4] - Net profit attributable to shareholders increased by 293.67% to ¥10,432,130.79 from ¥2,649,940.21 year-on-year[4] - The net profit after deducting non-recurring gains and losses surged by 1,001.22% to ¥9,236,134.54 from ¥838,715.19 in the previous year[4] - Total operating revenue for Q1 2024 was CNY 127,512,544.71, a decrease of 10.8% compared to CNY 142,272,559.00 in the same period last year[25] - The net profit for Q1 2024 was CNY 9,460,857.67, a significant increase of 205.4% compared to CNY 3,092,538.51 in Q1 2023[26] - The operating profit rose to CNY 9,037,197.77, up from CNY 2,128,957.75, marking an increase of 324.5% year-over-year[26] - The company reported a total comprehensive income of CNY 9,464,027.14, up from CNY 3,227,287.09, indicating an increase of 194.5%[27] - Basic earnings per share increased to CNY 0.0430 from CNY 0.0109, representing a growth of 294.5%[27] Cash Flow and Assets - The company's cash flow from operating activities showed a negative net amount of ¥928,687.28, a decline of 121.50% compared to ¥4,318,474.15 in the same period last year[10] - Cash and cash equivalents at the end of Q1 2024 amounted to CNY 362,850,086.59, a decrease from CNY 388,405,436.65 at the beginning of the quarter[21] - Cash and cash equivalents at the end of the period were CNY 351,863,380.89, a decrease from CNY 373,189,615.13 at the beginning of the period[28] - The company's cash and cash equivalents decreased by 193.07% to a net decrease of ¥21,326,234.24 from an increase of ¥22,915,087.68 in the previous year[10] - Total assets at the end of the reporting period were ¥1,162,348,738.40, down 2.02% from ¥1,186,321,062.45 at the end of the previous year[4] - Total assets as of March 31, 2024, were CNY 1,162,348,738.40, down from CNY 1,186,321,062.45 at the beginning of the quarter[23] - Total liabilities decreased to CNY 307,619,520.39 from CNY 381,164,552.34, a reduction of 19.3%[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 19,907[12] - The largest shareholder, Wu Xian, holds 32.86% of the shares, amounting to 79,729,018 shares, with 46,636,382 shares pledged[12] - The second-largest shareholder, Mai Wangqiu, holds 2.40% of the shares, totaling 5,821,049 shares[12] - The company has 10 major shareholders, with the top 10 holding a significant portion of the shares[13] - The report indicates no changes in the participation of major shareholders in the securities lending business[13] - The company has not disclosed any related party transactions among the top shareholders[13] Changes in Management and Control - The company plans to delegate 27.9% of voting rights to Dongyang Jinghong Weichang Enterprise Management Partnership, which may involve a change in control[16] - As of March 31, 2024, Dongyang Jinghong Weichang holds 609,400 shares, representing 0.25% of the total share capital[16] - The board of directors underwent changes, with Wu Siyuan elected as the new chairman[20] Investment and Expenses - The company reported a significant increase in investment income to ¥11,447,044.20, compared to a loss of ¥735,604.37 in the same period last year, marking a change of 1,656.14%[9] - The company experienced a 46.34% decrease in other income, which amounted to ¥4,107,502.58 compared to ¥7,654,290.37 in the previous year[9] - Research and development expenses decreased slightly to CNY 11,989,981.86 from CNY 12,233,437.04, reflecting a reduction of 2.0%[26] - The company terminated the second phase of the employee stock ownership plan, selling 2,960,820 shares, which accounted for 1.22% of the total share capital[19] - The company has exited its investment in Kairuisi Semiconductor Technology (Dongyang) Co., Ltd., terminating its joint investment with a professional investment institution[17] Operational Metrics - The company reported a net profit margin decline due to increased operating costs despite a decrease in total revenue[25] - Total operating costs for Q1 2024 were CNY 132,362,039.79, down 11.8% from CNY 149,929,423.40 year-over-year[25] - Accounts receivable decreased to CNY 307,094,077.16 from CNY 321,118,775.73, reflecting a reduction of 4.4%[21] - Inventory increased to CNY 174,615,314.31 from CNY 165,733,819.48, representing a growth of 5.3%[22]