TCICL(SH:600281)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥87,069,058.77, representing a decrease of 11.58% compared to the same period last year[4]. - The net profit attributable to shareholders was a loss of ¥28,632,442.64, a decline of 1,144.85% year-on-year[4]. - Total revenue for Q1 2023 was ¥87,069,058.77, a decrease of 11.5% compared to ¥98,474,481.19 in Q1 2022[19]. - Net loss for Q1 2023 was ¥28,632,442.64, compared to a net profit of ¥2,740,333.94 in Q1 2022[20]. - The company incurred a comprehensive loss attributable to the parent company of -28,632,442.64 RMB in Q1 2023, compared to a profit of 2,740,333.94 RMB in Q1 2022[21]. - Basic and diluted earnings per share were both -0.0557 RMB in Q1 2023, down from 0.0053 RMB in Q1 2022, indicating a deterioration in profitability[21]. Cash Flow - The net cash flow from operating activities was negative at ¥58,634,179.45, indicating cash outflow[4]. - In Q1 2023, the company reported a net cash flow from operating activities of -58,634,179.45 RMB, compared to -14,269,494.58 RMB in Q1 2022, indicating a significant decline in operational cash flow[24]. - The total cash inflow from operating activities was 56,409,127.99 RMB, while cash outflow was 115,043,307.44 RMB, resulting in a negative cash flow from operations[24]. - The company reported a cash inflow of 25,461,829.21 RMB from other operating activities, significantly higher than 11,326,486.59 RMB in Q1 2022, indicating improved operational efficiency[24]. Assets and Liabilities - Total assets increased by 7.11% to ¥1,146,573,844.84 compared to the end of the previous year[5]. - Total assets as of March 31, 2023, amounted to ¥1,146,573,844.84, an increase from ¥1,070,490,710.89 at the end of 2022[16]. - Total liabilities increased to ¥730,399,968.78 in Q1 2023, compared to ¥625,684,392.19 in Q4 2022[15]. - Current assets totaled ¥441,189,482.68 as of March 31, 2023, up from ¥365,809,024.48 at the end of 2022[14]. - Cash and cash equivalents were ¥149,426,097.15 as of March 31, 2023, compared to ¥84,046,435.19 at the end of 2022[13]. - Accounts receivable increased to ¥80,211,242.86 in Q1 2023 from ¥62,705,285.38 in Q4 2022[13]. - Long-term borrowings rose to ¥350,070,000.00 in Q1 2023, up from ¥200,070,000.00 in Q4 2022[15]. Expenses - Total operating costs increased to ¥105,407,862.19 in Q1 2023, up 9.3% from ¥96,071,728.75 in Q1 2022[19]. - The company reported a significant increase in sales expenses by 293.89%, primarily due to efforts in expanding the biodegradable materials market[7]. - The company reported a significant increase in management expenses to ¥12,954,592.49 in Q1 2023, compared to ¥9,045,378.56 in Q1 2022[20]. - The depreciation, employee compensation, and interest expenses for the biodegradable new materials project amounted to approximately ¥13,000,000 in Q1 2023[11]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,773[10]. - Shareholders' equity attributable to the parent company decreased by 6.44% to ¥416,173,876.06[5]. - The weighted average return on equity was -6.65%, a decrease of 7.22 percentage points year-on-year[4]. Financing Activities - The company raised 150,000,000.00 RMB through borrowings in Q1 2023, compared to 140,000,000.00 RMB in Q1 2022, showing an increase in financing activities[25]. - The net cash flow from financing activities was 145,910,597.23 RMB, up from 83,999,999.99 RMB in the previous year, indicating stronger financing capabilities[25]. - The company’s total cash inflow from financing activities was 250,000,000.00 RMB in Q1 2023, compared to 140,000,000.00 RMB in Q1 2022, reflecting a robust capital raising effort[25].