TC(SH:603085)2016-04-25 16:00Financial Performance - Operating revenue for the period was CNY 68,724,630.17, representing a 9.10% increase year-on-year[6] - Net profit attributable to shareholders decreased by 1.98% to CNY 5,780,281.83 compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 43.22% to CNY 3,281,583.04[6] - The weighted average return on equity decreased by 1.22 percentage points to 1.44%[6] - Cash flow from operating activities increased significantly by 575.53% to CNY 16,194,147.63 compared to the same period last year[6] - Total operating revenue for Q1 2016 was ¥68,724,630.17, an increase of 10.9% compared to ¥62,994,036.60 in the same period last year[34] - Net profit for Q1 2016 was ¥5,780,281.83, slightly down from ¥5,896,817.46, representing a decrease of 2.0% year-over-year[34] - Total comprehensive income for Q1 2016 was CNY 7,775,029.93, compared to CNY 7,245,085.57 in the same quarter last year[38] Assets and Liabilities - Total assets increased by 2.96% to CNY 542,092,570.97 compared to the end of the previous year[6] - The total current assets as of March 31, 2016, amounted to CNY 301,212,276.50, a decrease of 5.5% from the beginning of the year[25] - The company's cash and cash equivalents decreased to CNY 98,408,912.63 from CNY 108,870,019.50, reflecting a decline of approximately 9.5%[25] - Total liabilities increased to CNY 138,463,216.68 from CNY 123,676,862.77, representing an increase of about 11.9%[26] - Non-current assets totaled CNY 240,880,294.47, up from CNY 206,177,598.37, marking an increase of approximately 16.8%[26] - Total liabilities increased to ¥158,541,903.99 from ¥128,532,426.38, marking a rise of 23.3%[31] Cash Flow and Investments - Cash received from other operating activities decreased by 30.33% year-on-year, primarily due to a reduction in cash received from other operating activities[13] - Cash paid for other operating activities increased by 106.55% year-on-year, primarily due to an increase in R&D expenses[13] - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets increased by 402.45% compared to the same period last year, mainly due to increased investment in IPO fundraising projects[13] - The company experienced a net cash outflow from investing activities of CNY 36,992,312.82, compared to a smaller outflow of CNY 7,504,495.66 in the previous year[42] - Total cash outflow from investing activities amounted to $31,557,947.02, compared to $7,932,956.61 previously, indicating increased investment in long-term assets[44] Shareholder and Stock Information - The number of shareholders increased to 13,319 by the end of the reporting period[9] - The company plans to issue up to 20,840,230 shares in a non-public offering, raising a total of up to RMB 579.15 million[14] - The non-public offering will involve no more than 10 specific investors, including the actual controller Chen Bangrui, who will subscribe for no less than 10% of the total shares issued[14] - The company plans to reduce its shareholding by no more than 10% of its total shares within 12 months after the lock-up period expires[17] - The maximum number of shares that can be sold by the company within 13 to 24 months after the lock-up period is limited to 20% of the shares held at the beginning of the 13th month[17] Competition and Compliance Commitments - The company reported a commitment to avoid engaging in competitive activities with Tiancheng Self-Control, ensuring no direct or indirect competition[19] - The company will respect Tiancheng Self-Control's independent legal status and guarantee its independent operation and decision-making[20] - The company and its affiliates will strictly adhere to the agreements signed with Tiancheng Self-Control regarding related transactions, ensuring no additional benefits beyond those stipulated[20] - The commitments made by the company will remain effective and cannot be changed or revoked during its control over Tiancheng Self-Control[19] Operational Expenses - The company's management expenses increased by 61.89% due to increased R&D investment[12] - Operating expenses increased by 32.89% compared to the same period last year, mainly due to the growth of the water conservancy construction fund[13] - The company reported an increase in sales expenses to CNY 5,298,756.58 from CNY 4,877,743.69, representing a rise of 8.6%[37] - Management expenses surged to CNY 10,496,292.82, up from CNY 5,795,939.06, indicating an increase of 81.5%[37]