TGC(300265)2025-04-18 15:05Financial Performance - The company's operating revenue for Q1 2024 was ¥455,378,807.05, a decrease of 26.28% compared to ¥617,686,647.41 in the same period last year[5]. - Net profit attributable to shareholders was ¥11,052,008.52, down 68.46% from ¥35,036,764.80 year-on-year[9]. - The company’s total profit for the period was ¥16,183,002.70, down 60.21% from ¥40,666,929.64 in the previous year[8]. - The company's net profit margin declined due to reduced revenue, impacting overall profitability metrics[21]. - The net profit for the current period is 12,335,011.22, compared to 36,760,527.37 in the previous period, reflecting a decrease of approximately 66.5%[23]. - The company's total comprehensive income for the current period is 13,284,075.22, down from 34,685,127.18 in the previous period, showing a decline of approximately 61.7%[23]. Cash Flow and Assets - The cash flow from operating activities showed a net outflow of ¥72,669,238.75, worsening by 27.53% compared to the previous year's outflow of ¥61,736,187.95[5]. - The cash flow from investing activities has a net outflow of -238,001,372.32, compared to -44,736,058.10 in the previous period, indicating a significant increase in investment expenditures[26]. - The cash flow from financing activities resulted in a net inflow of 66,763,600.91, an increase from 37,004,937.38 in the previous period[27]. - The company's cash and cash equivalents decreased to CNY 402,191,902.34 from CNY 681,220,060.97, a decline of 41.0%[18]. - The cash and cash equivalents at the end of the period stand at 348,470,748.63, an increase from 198,065,517.16 in the previous period[27]. - Total assets at the end of the reporting period were ¥3,368,038,373.52, representing a decrease of 4.04% from ¥3,509,831,674.75 at the end of the previous year[5]. - The total liabilities increased to CNY 1,062,130,229.02 from CNY 1,007,366,349.50, reflecting a rise of 5.4%[19]. - The total equity attributable to the parent company decreased to CNY 2,260,768,551.32 from CNY 2,383,309,985.93, a decline of 5.1%[19]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 29,926[11]. - Tongguang Group Limited holds 39.89% of shares, totaling 182,830,000 shares[11]. - Zhang Zhong, a natural person, holds 4.53% of shares, totaling 20,766,100 shares, with 13,000,000 shares pledged[11]. - Xu Zhenjiang holds 1.36% of shares, totaling 6,220,095 shares[11]. - The top 10 shareholders collectively hold a significant portion of the company's shares, with the largest shareholder holding nearly 40%[12]. - The total number of shares held by the top 10 unrestricted shareholders is 182,830,000 shares[12]. - The company has no preferred shareholders or related party transactions disclosed in the report[13]. - There are no changes in the number of restricted shares for major shareholders during the reporting period[13]. - The company plans to release restricted shares for certain executives in January 2024[13]. Operational Metrics - Basic earnings per share decreased to ¥0.02, a decline of 71.43% from ¥0.07 in the same period last year[5]. - The total operating costs for the current period are 454,255,361.70, down from 589,382,780.92, indicating a reduction of about 23.0%[22]. - The company's inventory increased to CNY 326,010,906.46 from CNY 287,941,725.32, representing a growth of 13.2%[18]. - The accounts receivable increased slightly to CNY 1,103,830,984.27 from CNY 1,090,780,793.42, indicating a growth of 1.3%[18]. - The company reported a significant increase in prepayments, which rose by 180.68% to ¥20,146,116.64 due to advance payments for materials[8]. - Long-term borrowings increased dramatically by 1196.12% to ¥31,601,666.89, attributed to loans taken for the acquisition of Sichuan Fiber Optic Co., Ltd.[8]. - The company recorded a 529.74% increase in fair value changes, amounting to ¥4,052,825.00, primarily from hedging gains[8]. - The company completed the acquisition of 100% equity in Sichuan Tongguang Fiber Optic Co., Ltd. for CNY 21,900,000, with an overall valuation of CNY 21,985,390[15]. Product Development and Strategy - The company has not disclosed any new product developments or market expansion strategies in the current report[5]. - The company has not disclosed any new product developments or market expansion strategies in the current report[11].