TNP(300569)2025-04-23 14:10Financial Performance - The company's revenue for Q1 2025 was CNY 564,442,746.91, representing an increase of 8.45% compared to CNY 520,451,630.15 in the same period last year[5] - Net profit attributable to shareholders for Q1 2025 was CNY 45,701,337.64, up 5.51% from CNY 43,316,367.33 in Q1 2024[5] - Total operating revenue for the current period reached ¥564,442,746.91, an increase of 8.4% compared to ¥520,451,630.15 in the previous period[17] - Net profit for the current period was ¥46,314,591.16, representing a 5.5% increase from ¥43,869,742.52 in the previous period[18] - Earnings per share (EPS) increased to ¥0.0448 from ¥0.0424, marking a growth of 5.7%[18] Cash Flow and Operating Activities - The net cash flow from operating activities was negative CNY 59,529,769.20, a decrease of 136.32% compared to CNY 163,915,646.09 in the previous year[5] - Cash flow from operating activities showed a net outflow of ¥59,529,769.20, a significant decrease from a net inflow of ¥163,915,646.09 in the previous period[20] - Cash received from sales of goods and services was CNY 384,791,091.27, a decrease of 45.09% from CNY 700,794,474.46 in Q1 2024[9] - Cash and cash equivalents at the end of the period totaled ¥716,718,556.78, down from ¥1,210,812,914.29[21] - The company's cash and cash equivalents decreased from ¥972,463,390.25 to ¥794,124,322.85, a decline of approximately 18.3%[14] Assets and Liabilities - Total assets at the end of Q1 2025 were CNY 11,790,609,969.58, down 1.35% from CNY 11,951,612,409.66 at the end of 2024[5] - Total assets decreased from ¥11,951,612,409.66 to ¥11,790,609,969.58, a decline of about 1.4%[15] - Total liabilities decreased from ¥6,644,057,099.50 to ¥6,451,845,922.71, a reduction of approximately 2.9%[15] - The company reported a total non-current asset value of ¥5,654,957,775.45, slightly up from ¥5,641,055,141.30[15] - Short-term borrowings increased from ¥740,347,847.25 to ¥853,526,480.13, an increase of about 15.3%[15] Shareholder Information - Total number of common shareholders at the end of the reporting period is 51,084[11] - The largest shareholder, Zhuhai Port Holdings Group Co., Ltd., holds 22.62% of shares, totaling 231,316,952 shares[11] Expenses and Costs - The company's sales expenses decreased by 41.45% to CNY 2,122,348.15 compared to CNY 3,625,090.73 in the same period last year[9] - Total operating costs amounted to ¥525,287,629.51, up from ¥497,787,232.71, reflecting a rise of 5.5%[17] Other Financial Information - The company received government subsidies amounting to CNY 540,762.10 during the quarter, which are closely related to its normal business operations[6] - The company reported a credit impairment loss of ¥20,390,095.14, slightly down from ¥21,275,330.56 in the previous period[18] - The company has not disclosed any new product developments or market expansion strategies in the current report[12] Accounting Standards - The first quarter report of Qingdao Tennen Heavy Industry Co., Ltd. is unaudited[22] - The new accounting standards will be implemented starting from 2025[22] - The financial statement items related to the first year of the new accounting standards will be adjusted at the beginning of the year[22] - The board of directors announced the report on April 24, 2025[22]