TENGEN(605066)2024-04-22 10:55Financial Performance - The company's operating revenue for Q1 2024 was ¥667,878,226.18, representing a year-on-year increase of 7.96%[5] - The net profit attributable to shareholders decreased by 46.69% to ¥28,938,069.46 compared to the same period last year[5] - The basic and diluted earnings per share both fell by 50.00% to ¥0.07[5] - Total operating revenue for Q1 2024 was ¥667,878,226.18, an increase of 7.5% compared to ¥618,639,256.62 in Q1 2023[17] - Net profit for Q1 2024 was ¥28,938,069.46, a decrease of 46.6% from ¥54,235,919.59 in Q1 2023[17][18] - Earnings per share for Q1 2024 was ¥0.07, down from ¥0.14 in Q1 2023[18] - The total comprehensive income for Q1 2024 was ¥28,990,657.70, down from ¥54,235,919.59 in Q1 2023[18] Assets and Liabilities - The total assets at the end of Q1 2024 were ¥3,323,248,987.57, a decrease of 3.93% from the end of the previous year[6] - As of March 31, 2024, total current assets amounted to RMB 2,413,653,073.27, a decrease of 4.9% from RMB 2,537,075,716.77 on December 31, 2023[13] - The company reported a total liability of ¥1,458,068,058.33 as of Q1 2024, down from ¥1,625,386,337.86 in Q1 2023[17] - Total assets as of March 31, 2024, were RMB 3,323,248,987.57, down from RMB 3,459,281,819.17, representing a decrease of approximately 3.9%[14] Cash Flow - The net cash flow from operating activities was negative at -¥5,377,926.85, indicating cash outflow[5] - In Q1 2024, the cash inflow from operating activities was CNY 590,864,311.68, an increase of 27% compared to CNY 465,642,153.12 in Q1 2023[21] - The net cash flow from operating activities turned negative at CNY -5,377,926.85, a significant decline from CNY 67,434,052.49 in the same period last year[21] - Cash inflow from investment activities totaled CNY 192,928,985.64, compared to CNY 26,838,529.28 in Q1 2023, marking a substantial increase[21] - The cash inflow from financing activities was CNY 4,134,750.00, with a net cash flow of CNY 670,918.49, contrasting with a net outflow of CNY -63,956,228.57 in the previous year[22] - The total cash and cash equivalents at the end of Q1 2024 were CNY 684,699,853.04, up from CNY 556,454,816.19 in Q1 2023[22] Expenses - The company experienced a 38.78% rise in selling expenses attributed to increased business costs[8] - Total operating costs for Q1 2024 were ¥637,360,575.25, up 10.4% from ¥577,475,392.84 in Q1 2023[17] - Research and development expenses increased to ¥32,854,881.43 in Q1 2024 from ¥29,838,299.98 in Q1 2023, marking an increase of 10.1%[17] - Payments to employees increased to CNY 149,809,049.20, up 69% from CNY 88,161,177.45 in Q1 2023[21] - The company reported a cash outflow of CNY 99,177,950.04 related to other operating activities, which increased from CNY 59,116,309.66 in the previous year[21] Shareholder Information - The top shareholder, Tianzheng Group Co., Ltd., holds 24.37% of the shares, while the second-largest shareholder, Gao Tianle, holds 16.40%[10] - The company has no significant changes in the top 10 shareholders or their shareholding status compared to the previous period[12] Other Information - The company reported a significant increase in contract assets by 83.75% due to an increase in warranty deposits[8] - The company has ongoing investments in new technologies and product development, although specific figures were not disclosed in the report[12] - There are no significant reminders or additional important information regarding the company's operational status during the reporting period[13] - Non-recurring gains and losses totaled -¥1,353,134.91 for the period, primarily due to a decrease in other income[8] - The company recorded a decrease in investment income, reporting a loss of ¥896,355.77 in Q1 2024 compared to a loss of ¥678,613.43 in Q1 2023[17] - Financial expenses showed a significant change, with a net income of -¥5,739,519.76 in Q1 2024 compared to -¥1,969,391.70 in Q1 2023[17]