TDTEC(600582)2016-04-27 16:00Financial Performance - Operating revenue fell by 26.79% to CNY 1,812,975,769.86 year-on-year[6] - Net profit attributable to shareholders decreased by 73.93% to CNY 21,421,427.40 compared to the same period last year[6] - Basic and diluted earnings per share dropped by 75.00% to CNY 0.005[6] - Net profit for Q1 2016 was a loss of CNY 6,624,730.82, compared to a profit of CNY 81,035,832.96 in Q1 2015, indicating a significant decline in profitability[31] - The total comprehensive income attributable to the parent company was ¥17,790,856.75, compared to ¥83,899,713.00 in the same period last year[32] Cash Flow - Net cash flow from operating activities was negative at CNY -593,868,975.12, indicating a significant increase in cash outflow compared to the previous year[6] - The net cash outflow from operating activities was 593.87 million yuan, an increase in outflow of 271.18 million yuan year-on-year, primarily due to a decrease in cash inflows from sales[14] - The cash flow from operating activities showed a net outflow of ¥593,868,975.12, worsening from a net outflow of ¥322,688,807.30 in Q1 2015[39] - The net cash flow from investment activities was 400,794,936.00 RMB, compared to -850,869,897.08 RMB in the previous period, indicating a strong recovery[42] Assets and Liabilities - Total assets decreased by 3.63% to CNY 32,018,123,963.59 compared to the end of the previous year[6] - The company's cash and cash equivalents decreased to ¥3,208,192,352.98 from ¥3,668,076,629.30, reflecting a decline of approximately 12.5%[23] - Accounts receivable at the end of the reporting period amounted to 1,917.08 million yuan, a decrease of 668.32 million yuan or 25.85% from the beginning of the period, mainly due to the collection of matured notes[12] - Current liabilities totaled ¥10,640,790,919.39, down from ¥11,856,486,825.72, showing a reduction of about 10.2%[24] Shareholder Information - The total number of shareholders reached 81,952, with the largest shareholder holding 69.27% of the shares[10] - The largest shareholder, China Coal Technology & Engineering Group Corp., holds 2,866,985,364 shares[10] - The company’s major shareholder, China Coal Technology & Engineering Group, has committed to support the company in avoiding and resolving any potential competition issues with its subsidiaries[17] Operational Insights - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company plans to focus on cost control and efficiency improvements in the upcoming quarters to enhance profitability[30] - The company is exploring new product development and market expansion strategies to drive future growth[30] Financial Management - Financial expenses for the reporting period were 2.31 million yuan, a reduction of 15.23 million yuan or 86.81% compared to the previous year, attributed to increased interest income from bank deposits[13] - Investment income for the reporting period was 4.03 million yuan, an increase of 9.43 million yuan, mainly due to investment returns from temporarily idle funds[13] - The company reported a commitment to maintain the independence of Tian Di Technology in various aspects, including personnel and financial operations[20]