TKD(SH:603738)2018-04-26 16:00Financial Performance - Operating revenue increased by 52.99% to CNY 140,474,102.38 year-on-year[5] - Net profit attributable to shareholders decreased by 17.80% to CNY 12,641,119.41 compared to the same period last year[5] - Basic and diluted earnings per share decreased by 21.43% to CNY 0.11[5] - The company reported a gross profit of CNY 18,343,997.76 for Q1 2018, compared to CNY 34,346,532.87 in Q1 2017[22] - The total profit for the current period was CNY 5,448,642.13, down from CNY 12,827,768.15, a decline of approximately 57.5%[26] - Net profit for Q1 2018 was CNY 15,232,810.85, a decrease of 13.9% from CNY 17,703,156.17 in Q1 2017[22] - The net profit attributable to the parent company's shareholders decreased to CNY 12,641,119.41 from CNY 15,378,604.43, representing a decline of approximately 17.9%[23] - The total comprehensive income attributable to the parent company's owners was CNY 12,641,119.41, compared to CNY 15,378,604.43, indicating a decrease of about 17.9%[23] Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -17,252,896.60, a decline of 258.39% compared to the previous year[5] - The company's cash and cash equivalents decreased to CNY 57,340,390.02 from CNY 242,510,283.56 at the beginning of the year[18] - The net cash flow from operating activities was -108,094,566.32 RMB, a significant decrease compared to the previous period's net cash flow of 4,696,680.84 RMB[31] - Total cash inflow from operating activities was 61,922,103.10 RMB, while cash outflow was 170,016,669.42 RMB, resulting in a cash flow deficit[31] - Cash and cash equivalents at the end of the period decreased to 57,340,390.02 RMB from 96,337,426.71 RMB in the previous period[31] - The company reported cash outflow from investing activities of 42,805,616.00 RMB, compared to 58,074,948.39 RMB in the previous period[31] - Cash flow from financing activities resulted in a net outflow of -33,652,037.52 RMB, with cash inflow from investment totaling 1,250,000.00 RMB[31] Assets and Liabilities - Total assets decreased by 6.38% to CNY 1,186,877,826.00 compared to the end of the previous year[5] - Total liabilities as of March 31, 2018, amounted to CNY 362,368,886.67, down from CNY 412,953,545.65 at the beginning of the year[19] - Total assets as of March 31, 2018, were CNY 907,067,301.65, compared to CNY 953,120,171.36 at the start of the year[19] - Current liabilities totaled CNY 192,207,324.08, a decrease of 21.4% from CNY 244,485,021.13 at the beginning of the year[19] - The total number of shareholders reached 10,488 at the end of the reporting period[7] Operational Metrics - Operating costs rose by 72.61% to ¥98,931,108.79, reflecting the increased scale of production and sales[11] - The company’s inventory increased by 23.73% to ¥138,480,882.07, indicating a buildup of stock in anticipation of future sales[16] - Accounts receivable increased by 12.93% to ¥216,760,222.11 from ¥192,007,326.48, suggesting improved sales performance[16] - The company’s long-term prepaid expenses increased by 56.86% to ¥2,535,997.29, reflecting higher renovation and improvement costs[11] - The company’s financial expenses surged by 244.41% to ¥5,817,272.12, mainly due to increased exchange losses and loan interest[11] Shareholder Information - The largest shareholder, Yu Xindong, holds 42.59% of the shares, with 48,280,000 shares pledged[8] - The weighted average return on equity decreased by 0.81 percentage points to 1.97%[5] Future Outlook - The company plans to continue expanding production capacity and investing in new equipment to support growth initiatives[12] - The company has not disclosed any new product developments or market expansion strategies in this report[4]