TPC(SZ:002134)2014-04-28 16:00Financial Performance - The company's operating revenue for Q1 2014 was ¥115,995,814.35, a decrease of 1.85% compared to ¥118,179,362.38 in the same period last year[8]. - The net profit attributable to shareholders was a loss of ¥6,761,903.99, an improvement of 45.4% from a loss of ¥12,881,678.79 in the previous year[8]. - The net cash flow from operating activities was negative at ¥4,332,559.67, a decline of 126.64% compared to ¥16,264,924.40 in the same period last year[8]. - The company expects a net loss for the first half of 2014, estimated between -12 million to -6 million RMB, compared to a net profit of -26.88 million RMB in the same period of 2013[20]. - Despite efforts to control costs, the overall performance is still impacted by cost pressures, leading to the anticipated losses for the reporting period[20]. Assets and Equity - The total assets at the end of the reporting period were ¥796,385,562.79, down 1.03% from ¥804,672,789.01 at the end of the previous year[8]. - The net assets attributable to shareholders decreased by 1.21% to ¥554,152,681.51 from ¥560,914,585.50 at the end of the previous year[8]. - The weighted average return on equity was -1.22%, an improvement from -2.16% in the same period last year[8]. Shareholder Information - The number of shareholders at the end of the reporting period was 18,462, with the top ten shareholders holding a combined 72.15% of the shares[12]. - The company did not provide any financial assistance to controlling shareholders or related parties during the reporting period[18]. Operational Changes - The company has implemented organizational optimization and strengthened talent competition mechanisms while increasing market expansion efforts, resulting in a significant reduction in losses compared to the previous year[20]. - The company has committed to avoiding competition with its major shareholder, Tianjin Zhonghuan Electronics Information Group Co., Ltd., and is currently fulfilling this commitment[19]. Cash Flow - The company reported a significant increase in other current assets by 412.51%, amounting to ¥861,948.42 due to an increase in refundable tax[17]. - The company experienced a 1993.44% increase in net cash flow from financing activities, totaling ¥7,779,311.80, attributed to an increase in short-term borrowings[17].