TGC(SZ:300265)2017-10-26 16:00Financial Performance - Operating revenue for the reporting period was ¥351,886,015.25, down 13.69% compared to the same period last year[7] - Net profit attributable to shareholders of the listed company was ¥28,275,312.80, an increase of 28.31% year-on-year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥16,336,177.86, a decrease of 9.50% compared to the same period last year[7] - Basic earnings per share for the reporting period were ¥0.08, up 14.29% year-on-year[7] - The weighted average return on net assets was 2.90%, an increase of 0.42% compared to the previous year[7] - Net profit attributable to shareholders increased by 28.31% compared to the same period last year, driven by an increase in total profit[19] - Net profit for the period reached CNY 30,274,082.70, compared to CNY 22,838,723.72 in the same period last year, reflecting a significant increase[44] - The net profit attributable to the parent company was CNY 28,275,312.80, up from CNY 22,037,436.64 year-over-year[44] - Net profit for the period was CNY 72,216,931.80, down 16.8% from CNY 86,825,668.07 in the same period last year[52] - Operating profit for the period was CNY 66,302,340.70, a decrease of 28.1% from CNY 92,205,362.81 in the same period last year[52] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,065,085,619.18, an increase of 1.85% compared to the previous year[7] - Net assets attributable to shareholders of the listed company were ¥987,481,570.74, reflecting a growth of 5.50% year-on-year[7] - The company reported a decrease in cash and cash equivalents from RMB 176,639,354.71 at the beginning of the period to RMB 145,170,338.30 by the end of the period[35] - Accounts receivable decreased from RMB 1,027,157,905.53 to RMB 963,421,255.75, indicating a reduction of approximately 6.2%[35] - Inventory increased from RMB 190,107,611.74 to RMB 217,701,256.18, reflecting an increase of about 14.6%[35] - Current liabilities decreased from RMB 1,062,873,627.35 to RMB 972,510,145.21, a reduction of approximately 8.5%[37] - The company’s total liabilities decreased from RMB 1,091,615,507.50 to RMB 1,050,457,346.03, indicating a decline of about 3.8%[37] - Total assets at the end of the period were CNY 1,019,704,552.47, an increase from CNY 975,640,304.23 at the beginning of the year[41] - Total liabilities increased to CNY 229,997,932.04 from CNY 185,293,101.31 in the previous period[41] Cash Flow - The company reported a net cash flow from operating activities of ¥86,630,308.64 for the year-to-date[7] - Cash flow from operating activities increased by 158.32% year-on-year, amounting to 86.63 million yuan, mainly due to increased cash received from sales of goods and services[21] - The net cash flow from operating activities was CNY 86.63 million, a significant improvement from a net outflow of CNY 148.55 million in the same period last year[59] - The cash flow from investing activities showed a net outflow of CNY 105.90 million, worsening from a net outflow of CNY 48.42 million in the previous year[60] - The financing activities resulted in a net cash outflow of CNY 23.70 million, contrasting with a net inflow of CNY 175.36 million in the same period last year[60] Shareholder Information - The top ten shareholders held a total of 55.19% of the shares, with Tongguang Group Co., Ltd. being the largest shareholder[11] - The company completed the acquisition of 51% equity in Derou Cable (Shanghai) Co., Ltd., resulting in a 149.44% increase in minority shareholders' profit compared to the same period last year[19] - The company established a wholly-owned subsidiary, Nantong Tongguang Metal Materials Co., Ltd., with a total investment of RMB 10 million, where Tongguang Information contributed RMB 6 million (60%) and Mr. Gu Shanshan contributed RMB 4 million (40)[24] - The company’s controlling subsidiary, Derou Cable, is in the process of setting up a wholly-owned subsidiary, Tongguang Derou Cable (Jiangsu) Co., Ltd., with an investment of RMB 10 million[24] Other Financial Metrics - Non-recurring gains and losses totaled ¥19,744,372.88, primarily from government subsidies and asset disposals[9] - Derivative financial assets decreased by 92.19% compared to the beginning of 2017, mainly due to changes in hedging gains and losses[18] - Notes receivable increased by 73.73% compared to the beginning of 2017, primarily due to notes received that have not yet been endorsed to upstream suppliers[18] - Long-term equity investments increased by 63.75% compared to the beginning of 2017, attributed to increased investment income recognized from Jiangsu Tongguang Information Co., Ltd.[18] - Construction in progress increased by 176.09% compared to the beginning of 2017, mainly due to factory expansion and equipment additions[18] - Prepayments increased by 104.18% compared to the beginning of 2017, primarily due to an increase in advance payments for goods[18] - The company recorded a significant decrease in asset impairment losses, which fell to CNY 5,385,743.82 from CNY 15,053,490.69 in the previous period[50] - Other comprehensive income after tax amounted to CNY 303,482.83, compared to CNY 2,775.00 in the previous period, indicating a substantial increase[52]