TSZY(002872)2024-04-25 15:47Revenue and Profit Performance - Revenue for the first quarter of 2024 was RMB 147.99 million, a decrease of 5.98% compared to the same period last year[5] - Operating revenue decreased to 147,987,552.62 yuan from 157,406,569.47 yuan, indicating a decline in sales performance[30] - Net profit attributable to shareholders of the listed company was RMB -20.46 million, a decrease of 28.76% year-on-year[5] - Net profit loss widened to -20,731,689.79 yuan from -15,941,138.48 yuan, showing a significant increase in losses[31] - Operating profit loss expanded to -23,167,665.28 yuan from -15,770,026.50 yuan, indicating a worsening operational performance[31] - Basic earnings per share dropped to -0.0643 yuan from -0.0500 yuan, reflecting a decline in shareholder value[31] Cash Flow and Financial Position - Net cash flow from operating activities increased by 108.26% to RMB 3.41 million compared to the same period last year[5] - Net increase in cash and cash equivalents rose by 1919.65% year-on-year, primarily due to increased bank loan inflows[21] - Sales of goods and services received cash of RMB 178.64 million, an increase of 9.8% compared to the previous period's RMB 162.64 million[32] - Total cash inflow from operating activities was RMB 188.68 million, up 4.2% from RMB 181.09 million in the previous period[32] - Cash outflow from operating activities decreased to RMB 185.27 million, down 16.7% from RMB 222.44 million in the previous period[32] - Net cash flow from operating activities turned positive at RMB 3.41 million, compared to a negative RMB 41.34 million in the previous period[32] - Net cash flow from investing activities was negative RMB 12.31 million, an improvement from negative RMB 49.36 million in the previous period[32] - Net cash flow from financing activities increased to RMB 106.89 million, up 25.3% from RMB 85.32 million in the previous period[33] - Total cash and cash equivalents at the end of the period were RMB 258.40 million, a decrease of 5.3% from RMB 272.87 million in the previous period[33] Assets and Liabilities - Total assets increased by 2.58% to RMB 2.88 billion compared to the end of the previous year[5] - Total assets increased to 2,883,427,550.91 yuan from 2,810,906,249.36 yuan, reflecting a growth in the company's overall financial position[28] - The company's monetary funds increased from 192,712,139.73 yuan at the beginning of the period to 295,549,839.87 yuan at the end of the period, a significant increase[27] - Accounts receivable decreased from 146,511,765.55 yuan at the beginning of the period to 129,993,215.01 yuan at the end of the period[27] - Inventory decreased from 136,219,070.11 yuan at the beginning of the period to 128,845,782.62 yuan at the end of the period[27] - The company's total current assets increased from 691,041,634.04 yuan at the beginning of the period to 775,958,151.07 yuan at the end of the period[27] - Fixed assets decreased from 1,486,644,466.29 yuan at the beginning of the period to 1,466,251,319.04 yuan at the end of the period[27] - Construction in progress increased from 81,958,472.55 yuan at the beginning of the period to 96,188,011.14 yuan at the end of the period[27] - Intangible assets decreased from 311,774,507.88 yuan at the beginning of the period to 308,192,484.10 yuan at the end of the period[27] - Total liabilities rose to 807,840,967.04 yuan from 715,246,225.22 yuan, highlighting an increase in financial obligations[28] - Long-term borrowing increased to 153,147,378.56 yuan from 57,420,425.89 yuan, indicating a rise in long-term debt[28] - Total equity slightly decreased to 2,075,586,583.87 yuan from 2,095,660,024.14 yuan, reflecting a minor decline in shareholder equity[29] Expenses and Income - R&D expenses decreased by 30.01% year-on-year due to reduced short-term costs from ongoing projects[14] - Research and development expenses decreased to 5,779,375.24 yuan from 8,257,754.73 yuan, suggesting a reduction in innovation investment[30] - Other income decreased by 70.36% year-on-year due to the absence of VAT refunds received in the same period last year[15] - Fair value change income increased by 314.29% year-on-year due to significant changes in the value of the company's holdings in Chongqing Rural Commercial Bank[16] - Sales expenses decreased to 49,164,808.86 yuan from 57,915,131.73 yuan, showing a reduction in marketing and distribution costs[30] Shareholder and Legal Information - The company's largest shareholder, Liu Qun, holds 32.89% of the shares, totaling 104,590,532 shares, with 35,000,000 shares pledged[24] - The company's controlling shareholder, Liu Qun, has appealed against a criminal judgment, and the final judgment is still uncertain[25] Miscellaneous - Net cash flow from investment activities decreased by 75.07% year-on-year due to RMB 50 million in financial investment outflows in the same period last year[20] - The company's first quarter report was unaudited[34]