TRS(SZ:002567)2019-04-26 16:00Financial Performance - The company's revenue for Q1 2019 was CNY 3,355,035,435.99, representing a 2.20% increase compared to CNY 3,282,753,394.71 in the same period last year[9]. - Net profit attributable to shareholders was CNY 5,393,806.12, a significant decrease of 87.85% from CNY 44,393,935.08 in the previous year[9]. - The net profit after deducting non-recurring gains and losses was CNY -751,914.39, marking a decline of 101.54% compared to CNY 48,861,350.74 last year[9]. - The basic earnings per share decreased to CNY 0.0064, down 87.95% from CNY 0.0531 in the same period last year[9]. - The weighted average return on net assets was 0.16%, a decrease of 1.12% compared to 1.28% in the previous year[9]. - The company reported a significant increase in prepayments, which rose to ¥173,939,838.96 from ¥88,917,220.66, a growth of approximately 96%[43]. - The company reported a net profit for the first quarter of 2019 of CNY 15,102,827.41, a decrease of 51.2% compared to CNY 30,975,620.29 in the same period last year[68]. - Operating profit for the first quarter was CNY 21,863,051.98, down from CNY 35,934,766.22 year-over-year, reflecting a decline of 39.1%[68]. - The company reported a total comprehensive income of CNY 15,102,827.41 for the quarter, compared to CNY 30,975,620.29 in the prior year, indicating a decline of 51.2%[71]. Cash Flow and Liquidity - The net cash flow from operating activities improved to CNY 107,316,595.71, a 211.11% increase from CNY -96,585,598.78 in the same period last year[9]. - Cash and cash equivalents at the end of the period totaled CNY 735,151,701.70, up from CNY 445,668,363.88 at the end of the previous year[80]. - The cash inflow from investment activities was CNY 5,677,230.12, a decrease from CNY 64,240,022.36 in the previous year[76]. - The cash outflow from financing activities was CNY 291,159,042.53, compared to CNY 223,543,854.88 in the same period last year, indicating an increase in financing costs[79]. - The company received CNY 419,610,000.00 from borrowings during the quarter, compared to CNY 227,900,000.00 in the previous year, reflecting a 84.0% increase in financing activities[78]. - The company reported a net increase in cash and cash equivalents of $165 million, significantly higher than the $3.30 million increase in the prior period, indicating improved liquidity[84]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,788,504,633.38, up 3.95% from CNY 6,530,823,552.97 at the end of the previous year[9]. - Total current assets increased to ¥2,638,568,815.70 from ¥2,468,370,198.80, representing a growth of approximately 6.9%[40]. - Total non-current assets rose to ¥4,149,935,817.68 from ¥4,062,453,354.17, marking an increase of about 2.2%[40]. - Total current liabilities increased to ¥2,390,369,691.22 from ¥2,140,489,351.12, reflecting a rise of about 11.7%[43]. - Total liabilities amounted to ¥2,838,546,403.17, compared to ¥2,578,242,367.37, showing an increase of approximately 10.1%[43]. - Owner's equity totaled ¥3,949,958,230.21, slightly down from ¥3,952,581,185.60, indicating a decrease of about 0.1%[46]. - The total assets of the company stood at approximately $6.53 billion, with total liabilities amounting to $2.58 billion, reflecting a solid balance sheet position[90]. - The company’s equity totaled approximately $3.95 billion, indicating strong shareholder value and financial stability[90]. Government Subsidies and Other Income - The company received government subsidies totaling CNY 3,816,563.37, mainly related to technology achievement transformation and employment stabilization subsidies[9]. - Non-operating income increased by 710.08% compared to the same period last year, mainly due to an increase in government subsidies unrelated to daily operations[22]. - The company’s other income increased to ¥3,816,563.37 from ¥1,122,417.17, a rise of 239%[57]. Investment and Expenses - Financial assets measured at fair value increased by 108.88% compared to the beginning of the period, mainly due to increased investment in futures[22]. - Investment income decreased by 46.69% compared to the same period last year, mainly due to reduced futures investment income[22]. - Research and development expenses were ¥34,568,571.36, slightly up from ¥33,379,466.96, reflecting a growth of 3.6%[57]. - Cash paid for employee compensation increased to $62.40 million from $33.58 million, reflecting a strategic investment in human resources[81]. - The company recorded cash payments for taxes amounting to $1.43 million, down from $2.84 million, suggesting effective tax management strategies[81].