TJRD(600322)2025-04-29 14:18Financial Performance - The company's operating revenue for Q1 2025 was CNY 142,567,251.99, representing an increase of 8.52% compared to CNY 131,374,981.12 in the same period last year[2] - The net profit attributable to shareholders was a loss of CNY 186,711,362.42, a slight improvement of 3.97% from a loss of CNY 194,420,340.21 year-over-year[2] - The basic earnings per share for the period was -0.1689 CNY, an improvement of 3.92% from -0.1758 CNY in the same period last year[2] - Net profit for Q1 2025 was a loss of CNY 202,008,978.73, compared to a loss of CNY 194,399,922.60 in Q1 2024, representing a decline of 3.3%[18] - The company’s total comprehensive income for Q1 2025 was a loss of CNY 202,008,978.73, compared to a loss of CNY 194,399,922.60 in Q1 2024[18] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, with a net outflow of CNY 47,636,286.70, a 76.05% increase compared to a net outflow of CNY 198,890,304.54 in the previous year[2] - Cash flow from operating activities for Q1 2025 was a net outflow of CNY 47,636,286.70, an improvement from a net outflow of CNY 198,890,304.54 in Q1 2024[20] - Cash and cash equivalents at the end of Q1 2025 totaled CNY 170,617,237.71, down from CNY 172,920,624.04 at the end of Q1 2024[21] - The company reported a total cash inflow from financing activities of CNY 146,890,112.47 in Q1 2025, significantly lower than CNY 424,000,000.00 in Q1 2024[21] - The company experienced a net cash outflow from investing activities of CNY 24,413.65 in Q1 2025, compared to a net outflow of CNY 17,440.00 in Q1 2024[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 13,096,923,789.58, down 2.72% from CNY 13,463,648,252.18 at the end of the previous year[3] - The company’s current liabilities totaled RMB 7,933,670,168.21 as of March 31, 2025, down from RMB 8,386,813,637.81 at the end of 2024[15] - The company’s long-term borrowings increased to RMB 4,850,876,158.19 as of March 31, 2025, compared to RMB 4,560,648,151.00 at the end of 2024[15] - The company’s total liabilities decreased to RMB 12,802,981,639.58 as of March 31, 2025, from RMB 12,967,697,123.45 at the end of 2024[15] - The company’s inventory stood at RMB 9,210,573,669.68 as of March 31, 2025, slightly down from RMB 9,252,079,891.58 at the end of 2024[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 65,623[6] - The largest shareholder, Tianjin State-owned Capital Investment Operation Co., Ltd., holds 190,186,440 shares, accounting for 17.20% of the total shares[7] Strategic Developments - The company has not identified any significant new strategies or product developments in the current report[5] - The company plans to acquire controlling stakes in several companies through asset swaps and cash payments, as approved in the board meeting on December 31, 2024[10] - The company is actively progressing with due diligence, auditing, and evaluation for the proposed asset restructuring[11] Financial Expenses - The company incurred financial expenses of CNY 127,625,661.49 in Q1 2025, a decrease of 18.2% from CNY 156,116,159.77 in Q1 2024[17] Non-Recurring Items - The company reported non-recurring losses of CNY -598,891.22 during the period[4]