TFE(SH:600237)2020-04-27 16:00Financial Performance - Operating income for the first quarter was CNY 191,227,803.73, a decline of 7.28% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 5,372,410.35, an improvement of 62.85% compared to the same period last year[6] - The net loss for the period was CNY -384,491,769.92, compared to CNY -379,119,359.57 in the previous period[20] - Total operating revenue for Q1 2020 was ¥191,227,803.73, a decrease of 7.4% compared to ¥206,232,033.26 in Q1 2019[26] - Total operating costs for Q1 2020 were ¥197,184,655.49, down 11% from ¥221,425,653.13 in Q1 2019[26] - Net profit for Q1 2020 was -¥5,350,130.13, an improvement from -¥14,441,395.16 in Q1 2019[27] - Operating profit for Q1 2020 was -¥5,426,523.60, compared to -¥14,669,019.28 in the same period last year[27] - The company reported a total comprehensive loss of -¥5,350,130.13 for Q1 2020, compared to -¥14,441,395.16 in Q1 2019[28] - The company’s total comprehensive income for Q1 2020 was reported at -¥6,760,882.80, an improvement from -¥7,850,890.36 in Q1 2019[31] Assets and Liabilities - Total assets decreased by 6.08% to CNY 1,648,788,851.68 compared to the end of the previous year[6] - Total current assets were CNY 873,404,981.69, down 9.70% from CNY 967,046,784.55 at the end of 2019[18] - Total liabilities were CNY 519,920,001.10, down 16.38% from CNY 621,370,884.49[19] - Current liabilities totaled CNY 493,804,823.86, a decrease of 16.54% from CNY 591,692,544.76[19] - Total current liabilities were CNY 591,692,544.76 as of March 31, 2020[39] - Total liabilities amounted to CNY 621,370,884.49 as of March 31, 2020[40] - Total equity attributable to shareholders was CNY 1,096,407,230.14 as of March 31, 2020[40] - The company's equity attributable to shareholders was CNY 1,091,034,819.79, slightly down from CNY 1,096,407,230.14[20] Cash Flow - The net cash flow from operating activities decreased by 71.28% to CNY 8,670,160.12 compared to the previous year[6] - In Q1 2020, the company reported a net cash flow from operating activities of ¥8,670,160.12, a decrease of 71.3% compared to ¥30,192,742.11 in Q1 2019[32] - Total cash inflow from operating activities was ¥152,918,604.33, down 8.0% from ¥166,154,447.89 in the same period last year[32] - The company experienced a net cash outflow from investing activities of ¥3,817,273.37, an improvement from a net outflow of ¥8,456,249.67 in Q1 2019[33] - Cash flow from financing activities resulted in a net outflow of ¥13,049,080.99, compared to a net outflow of ¥71,014,892.13 in the previous year, indicating a significant reduction in financing losses[33] - The company reported a total cash outflow from financing activities of ¥58,047,354.16 in Q1 2020, a decrease of 50.7% from ¥117,616,790.13 in Q1 2019[33] Shareholder Information - The number of shareholders reached 71,558 at the end of the reporting period[9] - Basic earnings per share for Q1 2020 were -¥0.00952, an improvement from -¥0.02562 in Q1 2019[28] Other Financial Metrics - The weighted average return on equity increased by 0.68 percentage points to -0.49%[6] - Financial expenses decreased by 75.27% to CNY 1,742,401.62 compared to the same period last year[14] - The company reported a significant increase in other operating expenses by 95.78% to CNY 219,098.88, primarily due to increased donation expenses[14] - Research and development expenses decreased to ¥5,310,442.52 in Q1 2020 from ¥7,058,832.99 in Q1 2019, a reduction of approximately 24.7%[27] - Other receivables rose by 73.09% to CNY 6,579,388.93, mainly due to an increase in standby loan[12] - Prepayments increased by 61.38% to CNY 14,466,529.93 compared to the end of the previous year[12]