TCICL(SH:600281)2020-04-27 16:00Financial Performance - Operating revenue for the period reached CNY 210,427,428.08, representing a significant increase of 123.95% year-on-year [6]. - The net profit attributable to shareholders was a loss of CNY 1,284,821.04, compared to a loss of CNY 8,616,168.61 in the same period last year [6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -1,295,981.41, compared to CNY -7,018,479.98 in the same period last year [6]. - The net loss for Q1 2020 was CNY 1,284,821.04, an improvement compared to a net loss of CNY 8,616,168.61 in Q1 2019, reflecting a reduction in losses by approximately 85.1% [22]. - The company reported a net loss of ¥663,690,328.49, compared to a loss of ¥662,405,507.45 in the previous year, indicating a slight deterioration in profitability [16]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -18,571,920.18, an improvement from CNY -32,384,365.13 in the previous year [6]. - The company's cash and cash equivalents decreased to ¥220,338,419.90 from ¥247,841,817.34, indicating a reduction in liquidity [14]. - The operating cash flow for Q1 2020 was negative CNY 18,571,920.18, an improvement from negative CNY 32,384,365.13 in Q1 2019 [26]. - The total cash and cash equivalents at the end of Q1 2020 were CNY 220,338,419.90, compared to CNY 94,385,559.07 at the end of Q1 2019 [27]. - The company had a cash flow from financing activities net outflow of CNY 7,377,756.68 in Q1 2020, compared to an outflow of CNY 33,199,980.02 in Q1 2019 [27]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 944,381,276.42, a decrease of 0.71% compared to the end of the previous year [6]. - Total liabilities decreased slightly to ¥460,633,168.36 from ¥466,118,390.40, indicating a stable financial position despite fluctuations in specific liabilities [16]. - Accounts receivable increased by 284.86% to ¥84,005,777.04 compared to ¥21,827,436.15 at the end of the previous year, primarily due to an increase in receivables from sales [11]. - Short-term borrowings rose by 217.78% to ¥286,000,000.00 from ¥90,000,000.00, mainly due to an increase in bank loans [11]. - Total liabilities for Q1 2020 were CNY 407,811,416.28, down from CNY 433,608,428.81 in the previous period, showing a reduction of about 5.9% [20]. Shareholder Information - The number of shareholders at the end of the reporting period was 26,028 [10]. - The largest shareholder, Taiyuan Chemical Industry Group Co., Ltd., held 43.48% of the shares, with 223,653,339 shares pledged [10]. Expenses - Management expenses increased by 39.24% to ¥6,460,888.78 from ¥4,640,186.79, primarily due to an increase in employee compensation [11]. - Sales expenses decreased by 40.78% to ¥258,003.13 from ¥435,650.13, mainly due to a reduction in trading activities [11]. - The company reported a significant increase in management expenses, which rose to CNY 6,460,888.78 from CNY 4,640,186.79 in Q1 2019, an increase of approximately 39.2% [21]. Earnings Per Share - The company reported a basic and diluted earnings per share of CNY -0.0025, an improvement from CNY -0.0167 in the previous year [6]. - Basic and diluted earnings per share for Q1 2020 were both CNY -0.0025, compared to CNY -0.0167 in Q1 2019 [22].