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China Jo-Jo Drugstores, Inc. Financial Report: Insights from Q2 2024

$CJJD
Form 6-K
Filed on: 2025-01-15
Source
China Jo-Jo Drugstores, Inc. Financial Report: Insights from Q2 2024

Based on the provided XML section of the financial report, here are the key pieces of information and insights extracted:

Company Information:

  • Entity Identifier: China Jo-Jo Drugstores, Inc.
  • SEC CIK: 0001856084

Reporting Periods:

  • Current Reporting Period:
  • Start Date: March 31, 2024
  • End Date: September 30, 2024
  • Previous Reporting Period:
  • Start Date: April 1, 2023
  • End Date: September 30, 2023
  • Instant Reporting Dates:
  • March 31, 2024
  • September 30, 2023

Financial Highlights:

  1. Due From Related Parties:
  • As of March 31, 2024: $340,981
  • As of September 30, 2024: $313,346
  1. Farmland Assets:
  • As of March 31, 2024: $652,470
  • As of September 30, 2024: $634,153
  1. Customer Deposits (Current):
  • As of March 31, 2024: $474,677
  • As of September 30, 2024: $518,241
  1. Statutory Reserves:
  • As of March 31, 2024: $1,309,109
  • As of September 30, 2024: $1,309,109

Changes in Financial Metrics:

  • The Due From Related Parties has decreased over the reporting periods.
  • The Farmland Assets have shown a slight decrease.
  • The Customer Deposits have slightly increased, indicating potential growth in customer engagement or sales.
  • Statutory Reserves remained unchanged, which may indicate stability in regulatory compliance or business operations.

Additional Notes:

  • The report includes various contexts for related party transactions, equity components, and other financial metrics, indicating a thorough documentation of financial activities.
  • The data is presented in the context of U.S. GAAP regulations, suggesting compliance with standard accounting practices.

Insights:

  • The decrease in amounts due from related parties may indicate improved collection efforts or a reduction in transactions with related parties.
  • The stability in statutory reserves could be a positive indicator of the company's financial health and adherence to regulatory requirements.
  • The increase in customer deposits suggests a potentially positive trend in market demand or customer loyalty.

This summary captures the critical financial data and insights from the provided report. Further analysis could be conducted with additional context or financial statements for a more comprehensive overview.