TANAC(SZ:300461)2025-04-23 12:40Financial Performance - The company's operating revenue for Q1 2025 was ¥40,255,539.29, a decrease of 10.27% compared to ¥44,863,638.77 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥8,042,428.37, an improvement of 34.81% from a loss of ¥12,336,155.08 in the previous year[4] - Net profit for the period was a loss of ¥9,658,457.23, compared to a loss of ¥14,908,178.88 in the previous period, showing an improvement of approximately 35%[22] - The weighted average return on equity improved to -1.56%, up 0.28% from -1.84% in the previous year[4] - The investment income showed a loss of ¥8,173,324.82, worsening by 156.43% compared to a loss of ¥3,187,358.58 in the previous year, mainly due to losses from joint ventures[11] Cash Flow - The net cash flow from operating activities increased significantly to ¥69,403,534.55, a rise of 1,689.61% compared to a negative cash flow of ¥4,366,061.87 in the same period last year[12] - The company reported a significant increase in cash flow from operating activities, with cash received from sales rising to ¥128,447,978.43 from ¥77,056,046.04, an increase of about 67%[24] - Cash received from operating activities totaled $131,966,801.16, while cash paid for operating activities was $62,563,266.61, leading to a net cash inflow[25] - Total cash inflow from financing activities amounted to $11,000,000.00, while cash outflow was $41,819,764.75, resulting in a net cash flow of -$30,819,764.75[26] - The company reported a total cash and cash equivalents balance of $113,643,578.05 at the end of the period, up from $66,421,334.93 at the beginning[26] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥862,461,687.65, down 2.49% from ¥884,496,647.31 at the end of the previous year[4] - Total liabilities decreased to ¥363,828,362.09 from ¥376,746,323.94, a reduction of approximately 3.4%[20] - The total equity attributable to shareholders decreased to ¥515,034,263.86 from ¥522,535,232.81, a decline of about 1.4%[20] - The company reported a significant decrease in short-term borrowings by 49.98% to ¥30,038,330.00, primarily due to repayment of bank loans[9] - Short-term borrowings decreased significantly from ¥60,057,077.78 to ¥30,038,330.00, a decline of approximately 50%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,946[13] - The largest shareholder, Shanghai Feiyang Investment Management Co., Ltd., holds 25.63% of shares, totaling 39,909,935 shares[13] - The total number of restricted shares held by major shareholders remains at 41,732,927 shares[16] - The company has no preferred shareholders or changes in restricted shares during the reporting period[15] Research and Development - Research and development expenses decreased by 62.10% to ¥2,717,507.85 from ¥7,170,342.43 in the previous year, primarily due to no R&D expenses incurred by the subsidiary[10] - Research and development expenses decreased significantly to ¥2,717,507.85 from ¥7,170,342.43, a reduction of approximately 62%[21] - The company has not disclosed any new product developments or market expansion strategies in this report[17] Inventory and Receivables - Accounts receivable decreased to ¥89,211,212.49 from ¥159,609,995.30, a decline of about 44%[18] - Inventory increased to ¥222,406,915.32 from ¥205,199,093.59, reflecting a rise of approximately 8%[18] Other Income - The company experienced a 258.51% increase in non-operating income to ¥1,660,249.59, primarily due to increased government subsidies received during the reporting period[11] - The company experienced an investment loss of ¥8,173,324.82, worsening from a loss of ¥3,187,358.58 in the previous period[21] - The company reported a decrease in tax refunds received, amounting to -$231,857.53 compared to $1,555,896.94 in the previous period[25]