TSGF(SZ:002800)2018-04-26 16:00Financial Performance - The company's operating revenue for Q1 2018 was ¥139,891,057.71, a decrease of 24.45% compared to ¥185,157,936.78 in the same period last year[8]. - The net profit attributable to shareholders was a loss of ¥8,608,765.56, representing a decline of 216.18% from a profit of ¥7,409,681.83 in the previous year[8]. - The basic earnings per share for the reporting period was -¥0.1153, a decline of 216.23% compared to ¥0.0992 in the same period last year[8]. - The net profit for the current year was -¥912.25 million, a decrease of 209.31% compared to the previous year[15]. - The net profit for Q1 2018 was a loss of CNY 9,122,548.25, compared to a profit of CNY 8,345,260.43 in Q1 2017, indicating a significant decline[38]. - The operating profit for the quarter was a loss of CNY 7,384,813.59, compared to a profit of CNY 2,153,382.31 in the previous year[40]. - The total comprehensive income for the period was a loss of CNY 9,122,087.29, contrasting with a comprehensive income of CNY 8,345,260.43 in Q1 2017[38]. Cash Flow - The net cash flow from operating activities improved to ¥6,514,768.40, a significant increase of 150.43% compared to a negative cash flow of ¥12,919,625.52 in the same period last year[8]. - Cash flow from operating activities improved by 150.43% to ¥651.48 million due to increased cash received from sales[16]. - Operating cash inflow totaled CNY 203,005,755.08, an increase from CNY 138,040,280.26 in the previous period, reflecting a growth of approximately 47.1%[44]. - Total cash outflow from operating activities was CNY 196,490,986.68, compared to CNY 150,959,905.78, representing an increase of about 30.2%[44]. - Cash received from sales of goods and services was CNY 155,682,418.08, compared to CNY 111,292,825.38 in the previous period[43]. - Cash inflow from financing activities was CNY 15,189,877.19, a decrease from CNY 21,700,000.00 in the previous period, showing a decline of approximately 30.1%[45]. - Net cash flow from financing activities was -CNY 11,498,919.95, compared to -CNY 8,623,112.50 in the previous year, indicating a worsening cash position[45]. Assets and Liabilities - The total assets at the end of the reporting period were ¥736,859,248.03, down 5.96% from ¥783,518,142.27 at the end of the previous year[8]. - The total liabilities decreased to CNY 293,865,628.03 from CNY 331,505,860.24, reflecting a reduction of 11.4%[30]. - Current liabilities totaled CNY 223,480,592.37, down from CNY 260,652,743.04, indicating a decrease of 14.3%[30]. - Cash and cash equivalents decreased to CNY 46,394,682.58 from CNY 62,352,438.82, a decline of 25.6%[32]. - The total equity attributable to shareholders of the parent company was CNY 437,036,559.80, down from CNY 445,645,332.93[31]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,426[11]. - The largest shareholder, Xinjiang Tienshun Investment Group Co., Ltd., held 44.99% of the shares, with 33,600,000 shares pledged[11]. Inventory and Receivables - Accounts receivable decreased by 40.54% to ¥66.14 million due to increased bill discounting[15]. - Prepayments decreased by 34.54% to ¥108.61 million as prior prepayments were converted to inventory or recognized as revenue[15]. - Inventory increased by 93.73% to ¥109.87 million due to increased procurement of supply chain products[15]. - Accounts receivable increased to CNY 132,466,080.71 from CNY 115,800,562.75, representing a growth of 14.4%[32]. - Inventory rose significantly to CNY 108,475,863.42 from CNY 56,177,458.02, marking an increase of 93.2%[32]. Operating Expenses - Operating expenses increased significantly, with financial expenses rising by 239.34% to ¥742.76 million due to increased loan scales and interest expenses[15]. - The financial expenses increased to CNY 5,359,976.69 from CNY 1,407,890.49, marking a rise of 280.5% year-over-year[40]. Other Financial Information - The company reported government subsidies of ¥27,773.88 during the period, while other non-operating income and expenses amounted to -¥70,391.27[9]. - The company reported a decrease in undistributed profits to CNY 190,295,810.38 from CNY 198,904,575.94[31]. - The company expects a net loss of between -¥700 million and -¥300 million for the first half of 2018, compared to a net profit of ¥2,005.67 million in the same period last year[20]. - The company reported a 456.96% increase in asset impairment losses to ¥237.54 million due to provisions for bad debts[15]. - The company recorded an asset impairment loss of CNY 2,029,282.91, compared to CNY 271,047.90 in the previous year, indicating an increase in asset impairment[40]. - The company is currently involved in a contract dispute with Urumqi Bank, which may impact future profits[17].