TCKG(SH:600112)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 6,464,202.48, a decrease of 77.58% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of CNY 35,265,628.26, representing a decline of 240.92% year-on-year[5] - The basic earnings per share were -CNY 0.0693, down 241.38% from the previous year[5] - The net profit for Q1 2022 was -35,821,367.03 RMB, compared to -10,344,366.66 RMB in Q1 2021, indicating a significant increase in losses[21] - The operating profit for Q1 2022 was -35,514,291.31 RMB, compared to -10,220,792.15 RMB in the same period last year[20] - The company reported a total revenue from sales and services of 16,523,620.23 RMB in Q1 2022, down from 23,101,307.62 RMB in Q1 2021[23] Cash Flow and Liquidity - The net cash flow from operating activities was -CNY 16,497,111.18, a decrease of 105.11% compared to the same period last year[5] - Cash flow from operating activities showed a net outflow of -16,497,111.18 RMB in Q1 2022, worsening from -8,042,916.25 RMB in Q1 2021[23] - The cash and cash equivalents at the end of Q1 2022 were 15,539,441.02 RMB, down from 575,046.16 RMB at the end of Q1 2021[24] - Cash and cash equivalents decreased to RMB 18,772,126.09 from RMB 34,921,683.84, a decline of 46.3%[16] - The total cash inflow from financing activities in Q1 2022 was 4,000,000.00 RMB, compared to 5,373,000.00 RMB in Q1 2021[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,298,713,652.88, down 6.05% from the end of the previous year[6] - The company's total assets as of March 31, 2022, were RMB 1,298,713,652.88, down from RMB 1,382,393,997.93 at the end of 2021, representing a decrease of 6.0%[17] - The total liabilities amounted to RMB 1,189,055,970.26, a decrease of 4.2% from RMB 1,240,914,948.28 in the previous year[18] - The company's retained earnings showed a deficit of RMB 943,530,409.37 as of March 31, 2022, compared to a deficit of RMB 908,264,781.10 at the end of 2021[18] - The company's contract liabilities increased by 115.33%, attributed to an increase in contract prepayments during the reporting period[10] Operating Costs - The company experienced a 72.56% decrease in operating costs, correlating with the reduction in revenue[10] - The total operating costs for Q1 2022 were 26,809,188.50 RMB, up from 40,082,765.56 RMB in Q1 2021[20] - The company incurred financial expenses of 12,675,253.16 RMB in Q1 2022, compared to 10,870,169.92 RMB in Q1 2021[20] Legal and Regulatory Issues - The company has 113 ongoing litigation and arbitration cases, with a total amount involved of RMB 132,012.96 million, which may negatively impact future profits[14] - Assets worth RMB 91,507.97 million have been seized or frozen, accounting for 66.19% of the company's latest audited total assets[14] Other Financial Metrics - The weighted average return on net assets was -30.50%[6] - The company recorded a loss of CNY 15,453,629.43 from non-recurring items during the reporting period[8] - The company reported a 100% decrease in accounts receivable financing, primarily due to the maturity of notes payable[9] - The basic and diluted earnings per share for Q1 2022 were both -0.0693 RMB, compared to -0.0203 RMB in Q1 2021[21] - The company reported a total of RMB 475,102,057.11 in other payables, with interest payable amounting to RMB 172,854,157.40[18] - The company's inventory increased to RMB 42,209,791.38 from RMB 39,655,746.45, reflecting a growth of 3.9%[16] - The company experienced a fair value loss of -20,356,933.24 RMB in Q1 2022, compared to -3,464,134.46 RMB in Q1 2021[20]