TCKG(SH:600112)2018-04-24 16:00Financial Performance - Operating income for the first quarter was ¥101,953,938.40, a decrease of 2.98% year-on-year[6]. - Net profit attributable to shareholders of the listed company was -¥21,861,424.69, representing a decline of 6.16% compared to the same period last year[6]. - Basic earnings per share were -¥0.0411, a decrease of 178.59% compared to the previous year[6]. - Total operating revenue for Q1 2018 was CNY 101,953,938.40, a decrease of 1.07% from CNY 105,085,687.02 in the same period last year[26]. - Total operating costs for Q1 2018 were CNY 124,591,480.97, slightly down from CNY 125,559,856.32 year-on-year[26]. - Net profit for Q1 2018 was a loss of CNY 20,908,510.59, compared to a profit of CNY 26,503,121.52 in the previous year[26]. - The company reported a net profit attributable to shareholders of the parent company of -20,908,204.74 yuan, compared to a profit of 26,612,588.17 yuan in the same period last year, indicating a significant decline[27]. - The company incurred a total operating loss of -10,455,000.37 yuan, compared to an operating profit of 30,428,507.08 yuan in the same quarter last year[30]. - The comprehensive income totalled 66,252,178.44 yuan, down from 80,999,347.85 yuan year-over-year, representing a decrease of approximately 18.3%[27]. Cash Flow and Liquidity - Cash flow from operating activities increased by 50.28% to ¥10,155,972.99 compared to the same period last year[6]. - The company reported a net cash flow from operating activities of ¥10,155,972.99, indicating improved liquidity[6]. - Cash flow from operating activities generated a net inflow of 10,155,972.99 yuan, an increase from 6,757,941.30 yuan in the previous year, showing a growth of approximately 50.5%[32]. - The net cash flow from operating activities was -25,890,231.01 RMB, a significant decrease compared to 22,052,090.53 RMB in the previous period[35]. - Total cash inflow from investing activities was 17,138,527.98 RMB, while cash outflow was 100,000.00 RMB, resulting in a net cash flow of 17,038,527.98 RMB[35]. - Cash inflow from financing activities totaled 79,547,498.00 RMB, with cash outflow of 111,875,784.03 RMB, leading to a net cash flow of -32,328,286.03 RMB[35]. - The company experienced a net decrease in cash and cash equivalents of -41,179,989.06 RMB during the period[35]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,814,766,192.28, an increase of 1.05% compared to the end of the previous year[6]. - Total assets increased from CNY 2,785,655,018.42 to CNY 2,814,766,192.28, indicating a growth in the company's asset base[18]. - Total liabilities were CNY 1,007,355,438.07, up from CNY 979,346,578.50 at the start of the year[24]. - Owner's equity totaled CNY 991,789,958.68, compared to CNY 914,341,010.38 at the beginning of the year[24]. - Cash and cash equivalents decreased by 44.15% from CNY 187,122,450.14 to CNY 104,511,915.09 due to payments for goods[12]. - Accounts receivable decreased by 67.04% from CNY 171,756,951.69 to CNY 56,613,205.09, primarily due to payments for goods[12]. - Other receivables increased by 65.16% from CNY 130,392,672.16 to CNY 215,356,361.18, attributed to increased operational activities[12]. - Prepayments increased by 95.53% from CNY 10,761,242.73 to CNY 21,041,221.90, due to an increase in advance payments for goods[12]. - Short-term borrowings decreased from CNY 869,000,000.00 to CNY 737,200,000.00, reflecting a reduction in debt[18]. Shareholder Information - The total number of shareholders at the end of the reporting period was 44,485[10]. - The largest shareholder, Yinhai Tiancai Group Co., Ltd., held 93,403,800 shares, accounting for 18.34% of the total shares[10]. Investment and Growth Strategies - The company terminated a major asset restructuring plan due to complexities in overseas acquisitions, which will not adversely affect its current operations[13]. - The company is actively seeking new growth opportunities through both organic and external development strategies[13]. - Investment income decreased by 98.04% from CNY 47,580,013.77 to CNY 933,941.58, primarily due to asset swaps in the previous year[13]. - The company reported an investment income of CNY 933,941.58, a significant drop from CNY 47,580,013.77 in the previous year[26]. - Investment income for the quarter was 1,054,186.41 yuan, compared to 47,651,400.78 yuan in the previous year, showing a significant decline[30]. Expenses - Management expenses decreased to 4,532,398.47 yuan from 6,505,482.43 yuan, reflecting a reduction of about 30.3%[30]. - Financial expenses were reported at 6,975,262.01 yuan, down from 10,719,648.96 yuan, indicating a decrease of approximately 34.3%[30].