TC(SH:603085)2018-04-25 16:00Financial Performance - Operating revenue rose by 75.21% to CNY 180,506,812.10 year-on-year[6] - Net profit attributable to shareholders increased by 82.00% to CNY 11,106,512.48 compared to the same period last year[6] - Basic and diluted earnings per share both increased by 66.67% to CNY 0.05[6] - Net profit for the same period was CNY 11,383,850.88, reflecting a 56.48% increase due to higher operating revenue and operating profit[11] - Operating profit amounted to CNY 13,488,918.32, up 63.00% compared to the previous year, attributed to revenue growth[11] - Total revenue for Q1 2018 reached ¥180,506,812.10, a significant increase of 75.3% compared to ¥103,023,068.54 in the same period last year[20] - Net profit for Q1 2018 was ¥11,383,850.88, representing a 56.0% increase from ¥7,275,018.09 in Q1 2017[21] - The net profit for Q1 2018 was CNY 15,062,297.42, a significant increase from CNY 7,909,855.64 in the same period last year, representing an increase of approximately 90.5%[24] - Total comprehensive income for Q1 2018 was CNY 15,062,297.42, compared to CNY 7,909,855.64 in the same period last year, marking an increase of approximately 90.5%[24] Assets and Liabilities - Total assets increased by 3.64% to CNY 1,581,770,307.66 compared to the end of the previous year[6] - Total assets as of March 31, 2018, were CNY 1,581,770,307.66, an increase from CNY 1,526,164,173.30 at the beginning of the year[15] - The company's total assets as of Q1 2018 amounted to ¥1,584,529,565.13, compared to ¥1,532,658,225.69 at the end of the previous year[19] - The company's total liabilities were CNY 588,551,017.14, compared to CNY 544,475,074.17 at the beginning of the year, marking an increase of 8.09%[15] - Current liabilities increased to ¥587,932,114.25 in Q1 2018, up from ¥551,123,072.23 in the same period last year[19] Cash Flow - Cash flow from operating activities showed a significant decline, with a net outflow of CNY 43,672,600.09, a 419.88% increase in loss compared to the previous year[6] - Cash flow from operating activities showed a net outflow of CNY -45,535,762.75, indicating cash outflows exceeded inflows[11] - Cash inflow from sales of goods and services was CNY 86,873,249.14, down from CNY 111,267,253.30 year-over-year, a decrease of approximately 22.0%[26] - Total cash and cash equivalents at the end of Q1 2018 were CNY 19,452,257.86, down from CNY 240,541,186.04 at the end of the previous year, a decline of about 91.9%[28] - The company reported a net cash outflow from financing activities of CNY 47,980,630.55, up from CNY 19,860,666.66 in the previous year, an increase of about 141.5%[28] Borrowings and Investments - Short-term borrowings increased by 54.44% to CNY 139,000,000.00 to supplement working capital[10] - Short-term borrowings increased to CNY 139,000,000.00 from CNY 90,000,000.00, reflecting a 54.44% rise[14] - The company raised CNY 50,000,000.00 through borrowings in Q1 2018, compared to CNY 20,000,000.00 in the same period last year, reflecting a 150% increase[28] - The cash outflow for investing activities was CNY 77,557,362.77, compared to CNY 51,250,439.96 in the previous year, indicating an increase of approximately 51.3%[27] - The company has invested ¥45,115,229.62 in construction projects, up from ¥29,191,824.44 in the previous year, indicating ongoing expansion efforts[19] Shareholder Information - The number of shareholders reached 6,025, with the top ten shareholders holding 75.25% of the total shares[8] Government Subsidies - Government subsidies recognized in the current period amounted to CNY 349,000.00[8] - The company reported a decrease in government subsidies received, leading to a 45.40% decline in cash received from operating activities[11] Inventory and Expenses - The company reported a 503.25% increase in prepayments, amounting to CNY 27,743,918.76, due to land purchase prepayments[10] - Inventory levels rose to CNY 219,294,233.33, up from CNY 170,176,193.25, indicating a 28.87% increase[13] - Research and development expenses increased, contributing to a rise in management expenses by 31.47% to CNY 23,087,523.75[11] - The company reported a significant increase in inventory, which rose to ¥215,954,664.80 from ¥161,261,321.55 year-over-year[19] Return on Assets - The weighted average return on net assets increased by 0.36 percentage points to 1.15%[6]