天铁科技(300587) - 2017 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2017 was ¥24,759,171.09, a decrease of 35.04% compared to ¥38,113,688.51 in the same period last year[10] - Net profit attributable to shareholders was -¥4,162,570.50, representing a decline of 172.45% from ¥5,745,293.05 in the previous year[10] - Basic and diluted earnings per share were both -¥0.040, down 157.14% from ¥0.070 in the same period last year[10] - The company achieved operating revenue of 24.76 million RMB in Q1 2017, a decrease of 35.04% compared to the same period last year[25] - The net profit attributable to ordinary shareholders was -4.16 million RMB, a decline of 172.45% year-on-year[25] - The net profit for Q1 2017 was a loss of CNY 4,162,570.50, compared to a profit of CNY 5,745,293.05 in Q1 2016, representing a significant decline[42] Cash Flow and Liquidity - Net cash flow from operating activities was -¥15,071,047.19, a significant drop of 196.78% compared to ¥15,572,673.16 in Q1 2016[10] - Cash and cash equivalents decreased by 51.46% compared to the beginning of the year, primarily due to idle raised funds being used to purchase financial products[25] - The cash balance at the end of the reporting period is 211.55 million, down from 435.80 million at the beginning of the period[37] - The company’s cash and cash equivalents decreased significantly, impacting liquidity and operational flexibility[44] - The ending balance of cash and cash equivalents was 204,371,416.95, down from 419,252,879.72 at the beginning of the period, indicating a decrease in liquidity[47] - The company reported a total cash outflow of 214,881,462.77 for the quarter, compared to 9,074,318.63 in the same quarter last year, highlighting a substantial increase in cash usage[47] Assets and Liabilities - Total assets at the end of the reporting period were ¥846,009,866.65, a decrease of 10.27% from ¥942,887,549.85 at the end of the previous year[10] - Total liabilities decreased to CNY 63,297,482.57 from CNY 157,379,602.38, a decline of 59.9%[39] - The company’s non-current assets totaled CNY 159,063,388.98, an increase from CNY 146,486,284.62 year-over-year[40] Operational Costs - Total operating costs for Q1 2017 were CNY 28,466,230.61, down 6.6% from CNY 30,485,881.60 year-over-year[41] - Cash paid for operating activities totaled 58,343,477.26, compared to 47,432,218.91 in the previous year, indicating increased operational costs[46] Risks and Challenges - The company faces significant risks due to reliance on government funding for rail transit projects, which may be affected by macroeconomic conditions[13] - Increased competition in the rail structure vibration reduction market poses a risk to sales revenue and profitability[15] - Fluctuations in raw material prices, particularly natural rubber, could impact operating costs and profit margins[16] Shareholder Information - The proposed cash dividend is 1.3 yuan per 10 shares, subject to approval at the annual shareholders' meeting[31] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[20] Fund Management - The total amount of raised funds for the quarter is 33,590.49 million, with 419.79 million invested during this period[28] - Cumulative amount of raised funds used for other purposes is 0, with a total of 5,050.51 million raised funds invested cumulatively[28] - The company has not changed the use of raised funds, maintaining a 0.00% ratio for cumulative changes[28] - The company has not reported any issues with the use and disclosure of raised funds[30] Other Information - There were no significant changes in the company's core technology team or key technical personnel during the reporting period[26] - The company did not conduct an audit for the first quarter report, which may affect the reliability of the financial data presented[48]