TTC(SH:600326)2025-04-29 12:00Financial Performance - The company's operating revenue for Q1 2025 was CNY 338.63 million, an increase of 10.76% compared to CNY 305.73 million in the same period last year[5]. - The net profit attributable to shareholders for Q1 2025 was a loss of CNY 124.04 million, worsening from a loss of CNY 73.51 million in the previous year, an increase in loss of CNY 50.53 million[10]. - The company reported a net cash flow from operating activities of -CNY 169.87 million, worsening from -CNY 114.65 million in the same period last year[5]. - The company's basic and diluted earnings per share for Q1 2025 were both -CNY 0.0937, compared to -CNY 0.0598 in the same period last year[5]. - The company reported a non-recurring loss of approximately ¥38.74 million, primarily due to fair value changes in financial assets and liabilities[18]. - Operating profit for Q1 2025 was -¥159,917,372.37, worsening from -¥99,351,269.77 in Q1 2024[33]. - Net profit for Q1 2025 was -¥155,414,419.21, compared to -¥99,213,534.94 in Q1 2024, indicating a significant increase in losses[33]. - The company's total revenue for Q1 2025 was ¥59,259,439.24, an increase of 24.4% compared to ¥47,730,938.10 in Q1 2024[43]. Revenue Segments - The construction segment's revenue increased by CNY 15.41 million to CNY 79.44 million, driven by several new projects commencing in March 2025[7]. - The building materials segment's revenue rose by CNY 16.78 million to CNY 258.00 million, attributed to increased sales volume in the Sichuan-Tibet Railway project[8]. Assets and Liabilities - The total assets at the end of Q1 2025 were CNY 12.12 billion, a decrease of 5.47% from CNY 12.82 billion at the end of the previous year[6]. - The company's current assets decreased to CNY 6,422,838,781.90 from CNY 7,074,587,989.60, representing a reduction of about 9.2%[26]. - Total liabilities as of March 31, 2025, were CNY 6,510,927,890.66, down from CNY 7,053,991,876.49, indicating a decrease of approximately 7.7%[28]. - The company's cash and cash equivalents decreased to CNY 1,820,282,627.87 from CNY 2,309,000,663.09, a decline of about 21.2%[26]. - The company's total assets decreased from ¥7,727,924,351.24 on December 31, 2024, to ¥7,496,846,176.78 on March 31, 2025[41]. - Current assets totaled ¥3,784,675,211.78 as of March 31, 2025, down from ¥4,034,336,850.88 at the end of 2024[40]. - The total liabilities decreased from ¥4,568,969,165.22 on December 31, 2024, to ¥4,407,899,943.01 on March 31, 2025[41]. Cash Flow - Cash flow from operating activities for Q1 2025 was -¥169,869,469.87, compared to -¥114,653,871.90 in Q1 2024, reflecting a decline in cash generation[37]. - Cash flow from investing activities for Q1 2025 was -¥10,935,901.82, a decrease from a positive cash flow of ¥2,103,324.48 in Q1 2024[37]. - Cash flow from financing activities for Q1 2025 was -¥307,105,851.14, compared to -¥52,776,652.69 in Q1 2024, indicating increased cash outflows[38]. - The ending cash and cash equivalents balance for Q1 2025 was ¥1,792,036,104.13, down from ¥2,343,301,352.71 in Q1 2024[38]. - The company's cash and cash equivalents at the end of Q1 2025 were CNY 679,586,938.92, down from CNY 940,038,356.43 in Q1 2024[46]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 78,382[21]. - The largest shareholder, Tibet Construction Materials Group Co., Ltd., holds 23.74% of the shares[22]. Operational Challenges - Management highlighted ongoing challenges in operational efficiency and cash flow management, with a focus on cost control and strategic investments moving forward[35].