TCKG(SH:600112)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 30,791,622.86, representing a significant increase of 376.34% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of CNY 26,116,088.93, with a basic and diluted earnings per share of -0.0513 yuan[5] - The net loss for Q1 2023 was CNY 25,903,132.49, an improvement from a net loss of CNY 35,821,367.03 in Q1 2022[21] - The operating profit (loss) for Q1 2023 was -CNY 24,022,671.74, compared to -CNY 35,514,291.31 in Q1 2022, indicating a reduced loss[20] - Basic and diluted earnings per share for Q1 2023 were both -CNY 0.0513, compared to -CNY 0.0693 in Q1 2022[21] - The company aims to improve its financial performance and reduce losses in the upcoming quarters[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,322,232,944.41, a slight decrease of 0.17% from the end of the previous year[6] - The total liabilities as of the end of Q1 2023 amounted to CNY 1,237,152,123.20, an increase from CNY 1,213,445,851.64 at the end of Q1 2022[22] - The total equity attributable to shareholders of the parent company was CNY 68,927,716.26, down from CNY 95,043,805.20 in Q1 2022[22] - The total liabilities increased to RMB 1,110,377,418.16 from RMB 1,112,244,294.60, indicating a decrease of about 0.16%[18] Cash Flow - The net cash flow from operating activities was a negative CNY 8,298,113.25, indicating cash outflow during the quarter[5] - The cash inflow from operating activities primarily driven by increased sales, with cash received from sales amounting to $35,254,725.32 in Q1 2023, up from $16,523,620.23 in Q1 2022, an increase of approximately 113.0%[23] - The cash outflow from operating activities totaled $43,937,042.83 in Q1 2023, up from $41,035,322.89 in Q1 2022, indicating a rise of about 7.0%[23] - The net cash flow from operating activities was -$8,298,113.25 in Q1 2023, an improvement from -$16,497,111.18 in Q1 2022, reflecting a reduction in losses by approximately 50.3%[23] - The net cash flow from investing activities increased by 55.43%, mainly due to asset investments from the previous period[9] - The net cash flow from financing activities increased by 225.00%, primarily due to financing loans[9] Shareholder Information - The company has a total of 29,816 common shareholders at the end of the reporting period[10] - Shareholders' equity attributable to the parent company decreased by 27.48% to CNY 68,927,716.26 compared to the end of the previous year[6] Legal and Financial Risks - The company is involved in 99 ongoing litigation and arbitration cases, with a total amount involved of RMB 134,667.14 million, of which 79 cases remain unresolved, totaling RMB 129,640.93 million[13] - The company is actively working on debt restructuring and asset disposal to mitigate financial risks associated with ongoing litigations and asset freezes[15] - As of March 31, 2023, the company has assets worth RMB 82,914.59 million that are frozen or seized, representing 62.60% of the latest audited total assets[14] Operational Costs and Expenses - The company experienced a 317.58% increase in operating costs, attributed to the proportional increase in revenue[8] - Total operating costs for Q1 2023 were CNY 49,497,124.93, up 84.6% from CNY 26,809,188.50 in Q1 2022[20] - Research and development expenses for Q1 2023 were CNY 678,367.92, indicating ongoing investment in innovation[20]