TXD(002845)2024-04-28 07:51Financial Performance - The company's revenue for Q1 2024 reached ¥2,304,551,592.66, representing a 44.90% increase compared to ¥1,590,493,552.72 in the same period last year[5] - Net profit attributable to shareholders was ¥7,470,515.13, a significant turnaround from a loss of ¥64,532,312.95 in the previous year, marking an increase of 111.58%[5] - Basic earnings per share rose to ¥0.02 from a loss of ¥0.20, indicating a 110.00% improvement[5] - Operating profit for Q1 2024 was CNY 7,912,976.05, recovering from a loss of CNY 75,738,694.69 in Q1 2023[21] - Net profit for Q1 2024 was CNY 6,942,972.43, compared to a net loss of CNY 64,532,345.24 in the previous year[21] - The total comprehensive income for Q1 2024 was CNY 6,050,744.75, recovering from a loss of CNY -66,732,664.07 in Q1 2023[22] Cash Flow - The net cash flow from operating activities improved to ¥231,139,731.35, compared to a negative cash flow of ¥437,653,109.36 in the same period last year, reflecting a 152.81% increase[5] - Cash flow from operating activities generated a net amount of CNY 231,139,731.35, contrasting with a negative cash flow of CNY -437,653,109.36 in the same quarter last year[22] - In Q1 2024, the net cash flow from investment activities was -56,101,811.28, an improvement from -132,243,148.38 in Q1 2023, indicating a reduction in cash outflow by approximately 57.5%[23] - The net cash flow from financing activities was -419,412,344.93, a decline from a positive cash flow of 32,300,513.27 in Q1 2023, indicating a substantial shift in financing dynamics[23] Assets and Liabilities - Total assets decreased by 3.08% to ¥8,074,175,597.91 from ¥8,330,361,892.95 at the end of the previous year[5] - The company's total equity attributable to shareholders reached CNY 2,709,537,202.42, up from CNY 2,703,180,489.98[21] - Total liabilities decreased to RMB 5,355,512,713.14 from RMB 5,617,749,752.93, reflecting a decline of about 4.7%[17] - Accounts receivable decreased to RMB 2,627,877,199.96 from RMB 3,014,325,241.21, indicating a reduction of approximately 12.8%[16] - The company's cash and cash equivalents decreased to RMB 842,903,735.47 from RMB 900,300,605.98[16] Operating Costs and Income - Operating costs increased by 43.04% to ¥2,129,555,204.51, driven by the growth in revenue[9] - The company experienced a 66.81% decrease in other income, totaling ¥5,026,579.77, mainly due to reduced government subsidies received[9] - The company reported a significant reduction in credit impairment losses, which decreased by 95.05% to -¥225,157.85, indicating improved receivables management[9] Investment and R&D - The company plans to increase its investment in its wholly-owned subsidiary, Nanchang Tongxingda Automotive Electronics Co., Ltd., by RMB 50 million to enhance its competitiveness in the automotive electronics market[14] - Research and development expenses for Q1 2024 were CNY 83,074,290.61, an increase from CNY 76,965,011.40 in Q1 2023, indicating a focus on innovation[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 37,547, with the top ten shareholders holding a combined 30.99% of the shares[11] - The company’s equity structure remains stable, with no significant changes reported in the ownership stakes of major shareholders[14] Other Financial Metrics - The company reported a decrease in other comprehensive income, with a net amount of CNY -892,227.68 compared to CNY -2,200,318.83 in the previous year[21] - The ending balance of cash and cash equivalents decreased to 156,128,720.87 from 288,483,808.30, reflecting a decline of about 45.8% year-over-year[23] - The total cash inflow from financing activities was 242,565,546.77, down from 346,792,249.50 in the same period last year, representing a decrease of about 30%[23] - Cash outflow for debt repayment increased significantly to 462,749,315.45 from 233,384,745.39, marking an increase of approximately 98.1%[23] Audit Information - The company did not undergo an audit for the Q1 2024 report, which may affect the perception of financial reliability[24]