TLGD(SZ:300029)2018-04-26 16:00Financial Performance - Total revenue for Q1 2018 was ¥3,784,438.71, a decrease of 77.21% compared to ¥16,606,986.24 in the same period last year[8] - Net profit attributable to shareholders was -¥12,175,712.81, an improvement of 29.26% from -¥17,211,332.80 year-on-year[8] - Basic and diluted earnings per share were both -¥0.0609, showing a 29.27% improvement from -¥0.0861 in the same period last year[8] - The company's operating revenue for the reporting period was CNY 3.78 million, a decrease of 77.21% compared to the same period last year[20] - The net profit attributable to the parent company was a loss of CNY 12.18 million, representing a decrease in loss of 29.26% year-on-year[20] - The total comprehensive income for the first quarter was -10,436,421.42 CNY, compared to -15,601,869.75 CNY in the previous period, indicating an improvement[47] Cash Flow and Liquidity - Net cash flow from operating activities improved by 40.33%, reaching -¥18,968,299.74 compared to -¥31,789,257.52 in the previous year[8] - Cash and cash equivalents at the end of the period amounted to CNY 38.03 million, a decrease of 57.29% from the beginning of the period[18] - Operating cash inflow for the period was 15,433,849.05 CNY, up from 12,311,269.96 CNY in the previous period, reflecting a growth of approximately 25.5%[50] - The ending balance of cash and cash equivalents was 38,029,072.19 CNY, down from 89,035,764.00 CNY in the previous period, reflecting a decrease of approximately 57.3%[51] - Cash outflow from operating activities totaled 34,402,148.79 CNY, down from 44,100,527.48 CNY, showing a reduction of about 22%[50] Assets and Liabilities - Total assets decreased by 18.42% to ¥427,106,578.22 from ¥523,549,619.82 at the end of the previous year[8] - Total liabilities decreased by 32.79% to CNY 170.61 million, primarily due to repayments of short-term loans and employee compensation[18] - The company's total liabilities decreased from CNY 166,418,505.35 to CNY 100,874,177.19, a decline of approximately 39.4%[40] - Current liabilities decreased from CNY 162,285,939.44 to CNY 96,916,167.45, a reduction of about 40.2%[40] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,275[11] - The largest shareholder, Changzhou Noah Technology Co., Ltd., holds 21.89% of the shares, amounting to 43,788,606 shares[11] Operational Highlights - The company signed a contract with Guangdong Bosen for the procurement of multi-crystalline silicon ingot furnaces, with a total contract value of CNY 95 million[20] - The company has delivered 50 units to Guangdong Bosen and received CNY 35 million in payments[20] - The top five suppliers accounted for 34.61% of the total annual procurement amount, indicating no significant reliance on a single supplier[22] - The top five customers contributed 45.24% of the total annual sales, with changes in customer rankings not significantly impacting the company's operations[22] Risks and Challenges - The company faces risks including industry volatility, technology risks, inventory risks, and significant uncertainty regarding its ability to continue as a going concern[10] - As of the end of 2017, the company's inventory has been largely processed, with limited inventory risk remaining[25] Future Plans - The company plans to increase R&D investment and improve product technology to enhance competitiveness in the market[24] - The company plans to increase R&D investment to catch up with advanced technology levels in the industry and expedite the launch of new products[26] Miscellaneous - The company reported non-recurring gains and losses totaling ¥275,038.82, including government subsidies of ¥337,503.91[9] - The company reported no violations regarding external guarantees during the reporting period[29] - The company has not undergone an audit for the first quarter report, indicating that the figures are unaudited[56]