TJ(600667)2024-04-25 10:22Financial Performance - The company's operating revenue for the first quarter was CNY 6,725,519,969, a decrease of 22.33% compared to the same period last year[10]. - The net profit attributable to shareholders of the listed company was CNY 148,339,621.66, down 11.16% year-on-year[10]. - The basic earnings per share for the period was CNY 0.07, a decrease of 12.50%[11]. - The company's net profit for Q1 2024 was CNY 184,442,470.88, an increase from CNY 179,953,521.43 in Q1 2023, representing a growth of approximately 2.7%[59]. - Total revenue from operating activities in Q1 2024 was CNY 6,978,735,311.70, compared to CNY 7,147,782,651.95 in Q1 2023, indicating a decrease of about 2.4%[61]. - The company's operating profit for Q1 2024 was CNY 215,044,663.93, slightly up from CNY 207,134,768.09 in Q1 2023, reflecting an increase of approximately 3.4%[59]. - The total comprehensive income for Q1 2024 was CNY 187,698,323.20, compared to CNY 157,101,669.50 in Q1 2023, showing an increase of about 19.5%[60]. - The company reported a decrease in financial expenses from CNY 36,498,825.58 in Q1 2023 to CNY 25,634,416.66 in Q1 2024, a reduction of approximately 29.7%[59]. - Investment income from associates and joint ventures was CNY 38,598,858.40 in Q1 2024, slightly up from CNY 37,319,775.87 in Q1 2023, indicating a growth of about 3.4%[59]. - The tax expense for Q1 2024 was CNY 30,389,035.98, compared to CNY 25,929,354.34 in Q1 2023, representing an increase of about 17.8%[59]. Cash Flow and Assets - The net cash flow from operating activities was CNY -526,578,372.18, indicating a negative cash flow situation[10]. - The net cash inflow from investment activities was CNY -52,025,491.97, reflecting a significant outflow[6]. - The cash inflow from financing activities was CNY 740,000,000, while cash outflow was CNY 1,030,517,028.65, indicating a net cash outflow in financing[6]. - Cash and cash equivalents at the end of Q1 2024 were RMB 4,384,889,256.68, compared to RMB 3,173,011,849.86 at the end of Q1 2023[41]. - The company's retained earnings increased to RMB 2,083,103,256.23 in Q1 2024 from RMB 1,934,763,634.57 in Q4 2023[35]. - The company's total assets decreased to RMB 31,338,406,897.95 in Q1 2024 from RMB 32,673,594,339.55 in Q4 2023[35]. - Total assets decreased from 32,673,594,339.55 to 31,338,406,897.95, a decline of approximately 4.1%[53]. - Current assets decreased from 24,061,194,039.31 to 22,837,803,106.09, a decline of about 5.1%[53]. - Total liabilities decreased to RMB 22,398,967,087.78 in Q1 2024 from RMB 23,919,111,302.10 in Q4 2023[34]. - The company's total equity increased to RMB 8,939,439,810.17 in Q1 2024 from RMB 8,754,483,037.45 in Q4 2023[35]. Shareholder Information - The equity attributable to shareholders of the listed company increased to CNY 8,111,310,335.90, up 1.85% from the end of the previous year[11]. - The company reported a total of 640,624,856 shares held by Wuxi Industrial Development Group Co., Ltd., representing 30.42% of total shares[49]. Operational Highlights - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the provided content[55]. - The company experienced a significant increase in other income, rising from CNY 10,081,115.63 in Q1 2023 to CNY 4,755,352.06 in Q1 2024, reflecting a decrease of approximately 52.9%[59]. - The company has a goodwill of 571,723,661.57, unchanged from the previous period[53]. - Accounts receivable as of March 31, 2024, were RMB 5,579,358,988.60, a slight decrease from RMB 5,886,657,726.63 at the end of 2023[31]. - Long-term equity investments increased from 893,539,635.52 to 932,138,493.92, an increase of approximately 4.9%[53]. - Inventory decreased from 1,576,663,838.97 to 1,551,725,832.62, a decline of about 1.6%[53]. - Short-term borrowings increased from 2,520,086,404.03 to 2,592,974,871.87, an increase of approximately 2.9%[53]. - Other receivables increased from 293,411,933.18 to 301,752,073.80, an increase of about 2.9%[53]. - The weighted average return on net assets was 1.85%, a decrease of 0.31 percentage points[11].