TGC(300265)2025-04-25 08:05Financial Performance - The company's operating revenue for Q1 2025 was ¥396,250,205.74, a decrease of 12.98% compared to ¥455,378,807.05 in the same period last year[5] - Net profit attributable to shareholders was ¥5,584,851.52, down 49.47% from ¥11,052,008.52 year-on-year[5] - Basic earnings per share decreased by 50.00% to ¥0.01 from ¥0.02 in the same period last year[5] - The total profit for the period was ¥6,730,781.73, down 58.41% from ¥16,183,002.70 year-on-year, primarily due to decreased sales and government subsidies[10] - Net profit for the period was ¥6,702,600.49, down from ¥12,335,011.22, indicating a decline of approximately 45.4% year-over-year[22] - The net profit attributable to the parent company was ¥5,584,851.52, compared to ¥11,052,008.52 in the previous period, a decrease of around 49.5%[22] Cash Flow and Liquidity - The net cash flow from operating activities improved by 34.63%, reaching -¥47,503,158.47 compared to -¥72,669,238.75 in the previous year[5] - Operating cash inflow for the current period was $491,290,654.96, an increase of 13.5% from $432,693,883.36 in the previous period[24] - Cash flow from investment activities resulted in a net outflow of -$45,138,533.01, compared to -$238,001,372.32 in the previous period, indicating a significant reduction in investment losses[24] - Cash inflow from financing activities was $151,591,162.09, slightly down from $159,275,000.00 in the previous period[25] - The ending cash and cash equivalents balance was $302,816,933.51, down from $348,470,748.63 in the previous period[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,404,563,409.89, a decline of 1.52% from ¥3,457,069,029.93 at the end of the previous year[5] - Total liabilities decreased to ¥1,134,422,468.04 from ¥1,187,632,758.84, representing a reduction of approximately 4.48%[20] - The total equity attributable to the parent company was ¥2,236,576,519.25, slightly down from ¥2,237,203,257.80[20] Inventory and Expenses - The company reported a significant increase in inventory by 54.96%, totaling ¥357,397,137.66, due to adjustments in stocking plans based on customer demand[9] - Financial expenses rose by 47.76% to ¥3,331,291.09, attributed to an increase in short-term loans compared to the same period last year[9] - Research and development expenses were ¥20,348,491.25, slightly down from ¥20,780,290.55, indicating a decrease of about 2.08%[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 39,145[12] - The largest shareholder, Tongguang Group Co., Ltd., holds 39.89% of shares, totaling 182,830,000 shares[12] - The number of shares held by the top ten shareholders remains unchanged in terms of financing and securities lending activities[13] - The company has no preferred shareholders or related party transactions disclosed in the report[15] Tax and Other Income - The company reported a 99.27% reduction in income tax expenses, amounting to ¥28,181.24, influenced by deferred tax impacts[10] - Other comprehensive income after tax increased to ¥8,299,917.09 from ¥949,064.00, a significant increase of approximately 772.5%[22] Joint Venture Plans - The company plans to establish a joint venture, Jiangsu Tongfei Technology Co., Ltd., with a total investment of 600 million yuan, where the company will contribute 339 million yuan, representing 56.5% of the registered capital[16] - The company has a total of 60,000,000 yuan in registered capital for the new joint venture[16]