TCICL(SH:600281)2018-04-27 16:00Financial Performance - Operating revenue for the period was CNY 137,738,585.89, representing a 9.00% increase year-on-year[6] - Net profit attributable to shareholders of the listed company was CNY -11,982,423.36, showing an improvement from CNY -13,262,592.41 in the same period last year[6] - The basic earnings per share for the period was CNY -0.0233, slightly improved from CNY -0.0258 in the previous year[6] - The net loss for Q1 2018 was CNY 11,810,003.20, an improvement from a net loss of CNY 13,159,455.63 in Q1 2017, representing a reduction of 10.2%[24] - Basic and diluted earnings per share for Q1 2018 were both CNY -0.0233, compared to CNY -0.0258 in the same period last year[25] Cash Flow - The net cash flow from operating activities was CNY -70,301,378.59, compared to CNY -49,203,091.54 in the previous year, indicating a worsening cash flow situation[6] - The company reported a net cash flow from operating activities of -62,288,734.93 RMB for the first quarter, slightly worse than -61,371,938.99 RMB in the same period last year[33] - Cash received from sales of goods and services was 112,030,242.58 RMB, down 22.4% from 144,381,010.52 RMB in the prior period[29] - Total cash inflow from operating activities was 169,752,401.49 RMB, a decrease of 22.2% from 218,373,787.78 RMB year-over-year[29] - Cash outflow from operating activities totaled 240,053,780.08 RMB, down 10.3% from 267,576,879.32 RMB in the previous period[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,661,916,538.90, a decrease of 2.86% compared to the end of the previous year[6] - The company reported a decrease in net assets attributable to shareholders of the listed company, which stood at CNY 546,685,381.37, down 2.24% from the previous year[6] - Current assets decreased to CNY 797,344,791.38 from CNY 846,474,560.69, a decline of 5.8%[14] - Total liabilities decreased to CNY 1,099,901,695.98 from CNY 1,136,435,154.23, a decline of 3.2%[16] - The total liabilities decreased to CNY 723,303,579.73 from CNY 781,194,757.31, indicating a reduction of approximately 7.4%[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 28,939[10] - The largest shareholder, Taiyuan Chemical Industry Group Co., Ltd., held 223,653,339 shares, accounting for 43.48% of the total shares[10] Expenses - Sales expenses dropped by 64.61% to CNY 29.03 million from CNY 82.03 million, primarily due to reduced employee compensation and business expenses[12] - Financial expenses increased by 38.35% to CNY 585.36 million from CNY 423.10 million, mainly due to increased bank loan interest expenses[12] - Tax and additional charges decreased by 85.94% to CNY 34.82 million from CNY 247.67 million, primarily due to a reduction in land value-added tax[12] - The company’s management expenses decreased to CNY 5,692,423.18 from CNY 6,003,212.19, showing a reduction of 5.2%[24] Investment Activities - The cash flow from investing activities was -1,621,428.58 RMB, compared to -264,344.08 RMB in the previous period, reflecting increased investment outflows[30] Cash Management - The net increase in cash and cash equivalents was -98,538,768.73 RMB, compared to -258,504,412.30 RMB in the previous period, indicating an improvement in cash management[30] - The ending balance of cash and cash equivalents was 23,757,694.26 RMB, down from 168,821,840.68 RMB year-over-year[30]