TFE(SH:600237)2018-04-27 16:00Financial Performance - Operating revenue for the first quarter reached CNY 205,436,388.06, a year-on-year increase of 7.34%[5] - Net profit attributable to shareholders decreased by 37.68% to CNY 2,896,542.07 compared to the same period last year[5] - Net profit for the current period is CNY 3,193,283.07, a decrease of 31.9% compared to CNY 4,692,104.29 in the previous period[24] - The company reported a total profit of CNY 3,621,381.89, down 48.6% from CNY 7,041,520.53 in the previous period[23] - Earnings per share (EPS) for the current period is CNY 0.00513, compared to CNY 0.00824 in the previous period, indicating a decline of 37.5%[24] - The gross profit margin for the current period is approximately 1.15%, down from 3.36% in the previous period[23] Cash Flow - The net cash flow from operating activities was negative at CNY -10,254,938.29, worsening from CNY -6,768,354.28 in the previous year[5] - The company reported a significant decrease in financing cash flow, with net cash flow from financing activities at CNY -11,182,872.07 compared to CNY 20,506,417.60 in the previous year[11] - Operating cash inflow for Q1 2018 was CNY 164,917,228.56, an increase from CNY 158,334,682.73 in the previous year, reflecting a growth of approximately 4.5%[28] - Cash outflow from investing activities totaled CNY 10,117,674.35, a decrease from CNY 23,695,718.07 in the previous year, indicating a reduction of about 57.3%[29] - Net cash flow from investing activities was negative CNY 5,438,632.24, an improvement from negative CNY 17,393,752.16 in the previous year[32] Assets and Liabilities - Total assets increased by 1.03% to CNY 2,034,878,305.88 compared to the end of the previous year[5] - Total current assets increased to CNY 1,094,445,576.98 from CNY 1,052,948,960.13, representing a growth of approximately 3.9%[15] - Total liabilities increased to CNY 760,595,016.10 from CNY 742,960,387.73, an increase of approximately 2.3%[16] - The company’s total non-current assets decreased to CNY 940,432,728.90 from CNY 961,101,434.32, a decline of about 2.2%[15] - Total assets amounted to CNY 2,034,878,305.88, up from CNY 2,014,050,394.45, indicating a growth of about 1.0%[16] Shareholder Information - The number of shareholders reached 57,438, with the largest shareholder holding 16.76% of the shares[8] - The total equity attributable to shareholders increased to CNY 1,238,362,682.62 from CNY 1,235,466,140.55, a marginal increase of approximately 0.2%[16] Income and Expenses - Other income decreased by 91.78% to CNY 724,562.03, primarily due to a reduction in government subsidies received[11] - Tax expenses for the current period are CNY 428,098.82, a significant decrease from CNY 2,349,416.24 in the previous period[23] - The company has seen a notable increase in management expenses, which rose to CNY 18,265,805.78 from CNY 14,867,768.53, an increase of 22.4%[23] Inventory and Receivables - Accounts receivable increased by 29.36% to CNY 149,040,371.11, primarily due to an increase in bill settlements[10] - Accounts receivable rose to CNY 279,995,360.33 from CNY 260,125,849.61, marking an increase of approximately 7.6%[14] - Inventory increased to CNY 246,766,879.37 from CNY 241,710,335.31, reflecting a growth of about 2.3%[14]