TJ(SH:600667)2025-04-25 11:55Financial Performance - The company's operating revenue for Q1 2025 was CNY 6,718,992,840.86, a slight decrease of 0.10% compared to CNY 6,725,519,969.00 in the same period last year[4]. - Net profit attributable to shareholders decreased by 20.49% to CNY 117,941,603.78 from CNY 148,339,621.66 year-on-year[4]. - The basic earnings per share fell by 14.29% to CNY 0.06, down from CNY 0.07 in the previous year[4]. - The total comprehensive income for Q1 2025 was approximately ¥140.18 million, a decrease of 25.2% from ¥187.70 million in Q1 2024[19]. - Net profit for Q1 2025 was approximately ¥142.88 million, a decrease of 22.5% from ¥184.44 million in Q1 2024[19]. - Net profit for Q1 2025 was reported at -¥9,624,559.85, compared to -¥8,320,527.01 in Q1 2024, indicating a worsening of approximately 15.7%[28]. - Operating profit for Q1 2025 was also negative at -¥9,624,559.85, compared to -¥8,320,527.01 in the same period last year[28]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -802,780,831.04, worsening from CNY -526,578,372.18 in the same period last year[4]. - The net cash flow from operating activities for Q1 2025 was approximately -¥802.78 million, compared to -¥526.58 million in Q1 2024, indicating a worsening cash flow situation[21]. - Cash and cash equivalents decreased to RMB 6,658,609,809.54 from RMB 7,278,960,120.36, showing a decline of approximately 8.5%[13]. - Cash inflow from operating activities decreased from ¥364,240.20 in Q1 2024 to ¥139,422.50 in Q1 2025, a decline of about 61.7%[31]. - Cash outflow from operating activities increased from ¥4,782,360.92 in Q1 2024 to ¥7,041,711.55 in Q1 2025, an increase of approximately 47.2%[31]. - The total net increase in cash and cash equivalents was -8,381,690.90, compared to -22,944,588.92 previously, reflecting improved cash management[32]. - The ending balance of cash and cash equivalents was 134,680,888.46, down from 170,993,771.75, indicating a decrease in liquidity[32]. Assets and Liabilities - Total assets at the end of the reporting period increased by 0.84% to CNY 32,811,043,592.27 from CNY 32,539,302,300.10 at the end of the previous year[5]. - The total liabilities reached RMB 23,341,070,967.03, compared to RMB 23,212,450,003.86 at the end of 2024, indicating a slight increase in liabilities[15]. - The total equity attributable to shareholders was RMB 8,626,610,630.50, up from RMB 8,507,271,835.70 as of December 31, 2024, reflecting a growth in shareholder equity[15]. - Total assets decreased from ¥7,119,715,066.29 to ¥7,111,315,234.19, a decline of approximately 0.12%[27]. - Total liabilities increased slightly from ¥425,422,450.67 to ¥426,647,178.42, an increase of approximately 0.29%[26]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 137,583[9]. - The largest shareholder, Wuxi Industrial Development Group Co., Ltd., holds 30.42% of the shares, totaling 640,624,856 shares[9]. Operational Costs and Expenses - Total operating costs for Q1 2025 were approximately ¥6.56 billion, down 0.15% from ¥6.57 billion in Q1 2024[18]. - Research and development expenses for Q1 2025 were approximately ¥169.74 million, a decrease of 7.05% from ¥182.63 million in Q1 2024[18]. - Management expenses rose significantly from ¥4,210,136.74 in Q1 2024 to ¥6,298,671.22 in Q1 2025, an increase of about 49.5%[28]. - Financial expenses decreased from ¥4,061,640.50 in Q1 2024 to ¥3,241,507.16 in Q1 2025, a reduction of approximately 20.2%[28]. Investments and Borrowings - The company raised approximately ¥429.90 million through borrowings in Q1 2025, down from ¥740.00 million in Q1 2024[22]. - Investment activities resulted in a net cash outflow of approximately -¥4.51 million in Q1 2025, compared to -¥52.03 million in Q1 2024[22]. Accounting Standards - The company plans to implement new accounting standards starting in 2025, which may affect financial reporting[33].