TFE(SH:600237)2022-04-22 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 249,516,966.49, representing a year-on-year increase of 0.34%[5] - The net profit attributable to shareholders was CNY 21,022,359.36, reflecting a significant increase of 24.36% compared to the same period last year[5] - The basic earnings per share (EPS) was CNY 0.03725, which is an increase of 24.37% year-on-year[5] - Operating profit for Q1 2022 was CNY 20,572,885.66, up from CNY 18,198,339.44 in Q1 2021, indicating an increase of 13.06%[20] - Net profit for Q1 2022 reached CNY 20,768,120.82, compared to CNY 18,893,314.76 in Q1 2021, reflecting a growth of 9.76%[20] - The total comprehensive income for Q1 2022 was CNY 20,768,120.82, compared to CNY 18,893,314.76 in Q1 2021, reflecting an increase of 9.76%[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,771,958,306.84, up 2.06% from the end of the previous year[6] - The total liabilities as of Q1 2022 amounted to CNY 551,996,421.35, an increase from CNY 536,982,504.28 in Q1 2021, showing a rise of 2.37%[16] - The total equity attributable to shareholders increased to CNY 1,171,255,953.46 in Q1 2022 from CNY 1,150,233,594.10 in Q1 2021, marking a growth of 1.93%[16] - Current assets totaled RMB 1,066,335,395.06, compared to RMB 1,027,992,183.47 at the end of 2021, reflecting a growth of approximately 3.0%[14] - The company’s non-current assets totaled RMB 705,622,911.78, slightly down from RMB 708,184,085.50 at the end of 2021[14] Cash Flow - The net cash flow from operating activities was negative at CNY -31,638,115.60, a decline of 245.28% year-on-year[5] - Cash inflow from operating activities for Q1 2022 was CNY 186,135,158.31, compared to CNY 169,211,001.56 in Q1 2021, an increase of 10.0%[21] - Cash outflow for purchasing goods and services in Q1 2022 was CNY 133,363,893.37, significantly higher than CNY 77,083,199.94 in Q1 2021, marking an increase of 73.2%[21] - Cash inflow from investment activities was CNY 1,124,423.48 in Q1 2022, a sharp decline from CNY 52,262,708.81 in Q1 2021[22] - Net cash flow from investment activities was CNY -23,938,620.92 in Q1 2022, compared to CNY 39,646,331.65 in Q1 2021, indicating a significant decrease[22] - Cash inflow from financing activities totaled CNY 137,281,835.15 in Q1 2022, up from CNY 60,000,000.00 in Q1 2021, an increase of 128.7%[22] - Net cash flow from financing activities improved to CNY 76,029,601.15 in Q1 2022, compared to a negative CNY -31,151,912.61 in Q1 2021[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 41,662[10] - The largest shareholder, Tongling Dajiang Investment Holding Co., Ltd., held 19.79% of the shares, totaling 111,705,979 shares[10] - The company reported a total of 111,705,979 shares held by its largest shareholder, accounting for a significant portion of the total shares[12] - The company has no significant related party transactions among its top shareholders, ensuring transparency in ownership[12] Operational Metrics - The weighted average return on equity (ROE) increased by 0.29 percentage points to 1.81%[6] - Research and development expenses for Q1 2022 were CNY 6,471,920.25, up from CNY 5,180,808.14 in Q1 2021, indicating an increase of 24.92%[19] - The company reported a decrease in financial expenses, which fell to CNY 1,993,575.15 in Q1 2022 from CNY 3,405,670.62 in Q1 2021, a reduction of 41.49%[19] - The company has not reported any significant new strategies or product developments during the quarter[13] Inventory and Receivables - The company experienced a 75.53% increase in accounts receivable financing, primarily due to an increase in received bills[8] - Accounts receivable stood at RMB 216,902,892.86, down from RMB 226,870,988.15, representing a decrease of approximately 4.4%[14] - Inventory increased to RMB 237,786,605.41 from RMB 206,920,538.31, showing a growth of around 14.9%[14] - The company’s contract liabilities increased to CNY 13,377,127.95 in Q1 2022 from CNY 10,992,181.28 in Q1 2021, representing a growth of 21.73%[15]