TFE(SH:600237)2019-04-26 16:00Financial Performance - Operating revenue increased by 0.39% to CNY 206,232,033.26 year-on-year[6] - Net profit attributable to shareholders decreased by 599.26% to CNY -14,461,409.98 compared to the same period last year[6] - Operating profit for Q1 2019 was a loss of CNY 14,669,019.28, compared to a profit of CNY 3,074,338.50 in Q1 2018[24] - Net profit for Q1 2019 was a loss of CNY 14,441,395.16, compared to a profit of CNY 3,193,283.07 in Q1 2018[24] - The company reported a net loss of CNY 240,710,757.92 for the period, compared to a loss of CNY 226,249,347.94 in the previous period[18] - Total operating costs increased to CNY 221,425,653.13, up 9.04% from CNY 203,088,415.70 in the same period last year[23] - Total revenue for Q1 2019 was CNY 144,365,762.49, an increase of 15.4% compared to CNY 125,083,082.30 in Q1 2018[25] Assets and Liabilities - Total assets decreased by 4.38% to CNY 1,822,500,829.94 compared to the end of the previous year[6] - The company's total current assets were CNY 938,838,430.58, down from CNY 1,003,770,531.80 at the end of 2018, indicating a decline of approximately 6.5%[16] - Total liabilities decreased to CNY 555,438,961.48 from CNY 624,523,517.08, a decline of about 11.1%[17] - The company's equity attributable to shareholders decreased to CNY 1,230,534,841.30 from CNY 1,244,996,251.28, indicating a slight decrease of 1.2%[18] - Total current liabilities amounted to CNY 523,436,966.60, down from CNY 598,975,520.66, reflecting a decrease of approximately 12.6%[17] Cash Flow - Cash flow from operating activities improved to CNY 30,192,742.11, a significant increase from CNY -10,254,938.29 in the previous year[6][13] - Cash flow from operating activities for Q1 2019 was CNY 30,192,742.11, a turnaround from a negative cash flow of CNY 10,254,938.29 in Q1 2018[29] - The company experienced a net cash decrease of CNY 50,301,141.18 in Q1 2019, compared to a decrease of CNY 30,713,935.30 in Q1 2018[30] - Total cash outflow from financing activities in Q1 2019 was CNY 71,014,892.13, compared to CNY 11,182,872.07 in Q1 2018[29] Expenses - Research and development expenses increased by 95.96% to CNY 7,058,832.99, reflecting higher investment in R&D[12] - Sales expenses rose by 44.22% to CNY 7,431,526.88, driven by increased market expansion efforts[12] - Research and development expenses increased significantly to CNY 7,058,832.99, up from CNY 3,602,262.12 in Q1 2018, reflecting a focus on innovation[23] - Sales expenses increased to CNY 2,886,966.76 in Q1 2019, compared to CNY 639,791.24 in Q1 2018, marking a 351.5% increase[25] Shareholder Information - The number of shareholders reached 49,476, with the top ten shareholders holding 16.76% of the total shares[10] Other Financial Metrics - The weighted average return on equity decreased by 1.4 percentage points to -1.17%[6] - Cash and cash equivalents decreased to CNY 241,223,647.54 from CNY 283,334,304.79, representing a decline of about 15%[15] - Accounts receivable increased slightly to CNY 440,750,405.06 from CNY 438,146,657.58, showing a marginal growth of 0.6%[15] - Inventory levels decreased to CNY 215,082,309.78 from CNY 244,075,892.77, reflecting a reduction of approximately 11.9%[16] - Short-term borrowings were reduced to CNY 230,500,000.00 from CNY 300,000,000.00, a decrease of 23.3%[17]