TYGF(SH:600506)2020-04-29 16:00Financial Performance - Operating revenue for the current period was CNY 4,079,862.12, representing a 171.28% increase year-on-year[7] - Net profit attributable to shareholders was CNY 2,031,473.66, a significant recovery from a loss of CNY 1,488,690.57 in the same period last year[7] - The weighted average return on equity improved to 0.738% from -0.530% year-on-year[7] - Basic and diluted earnings per share were both CNY 0.014, compared to a loss of CNY 0.010 in the previous year[7] - The company's operating revenue for Q1 2020 was CNY 4,079,862.12, a significant increase from CNY 1,503,943.61 in Q1 2019, representing a growth of approximately 171.5%[22] - The net profit for Q1 2020 was CNY 2,031,473.66, compared to a net loss of CNY 1,488,690.57 in Q1 2019, indicating a turnaround in profitability[22] - Financial expenses decreased by 86.22% year-on-year, primarily due to increased interest income from bank deposits[8] - Other income increased by 100% year-on-year, primarily due to penalties received for delayed payment of debts[10] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 294,683,431.59, a 0.53% increase compared to the previous year[7] - The total assets as of March 31, 2020, were CNY 294,683,431.59, slightly up from CNY 293,131,961.84 at the end of 2019[18][19] - The total liabilities decreased from CNY 19,066,311.59 at the end of 2019 to CNY 18,586,307.68 as of March 31, 2020[19] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 1,134,181.30, an improvement from the previous outflow of CNY 1,197,579.58[7] - In Q1 2020, the cash inflow from operating activities was 8,922,356.44, significantly up from 2,659,594.71 in Q1 2019, representing an increase of approximately 235%[25] - The net cash flow from operating activities was -1,134,181.30 in Q1 2020, slightly improved from -1,197,579.58 in Q1 2019[25] - The cash inflow from investment activities reached 16,237,248.77 in Q1 2020, compared to 1,964,000.00 in Q1 2019, marking an increase of over 725%[25] - The net increase in cash and cash equivalents for Q1 2020 was 15,103,067.47, a substantial rise from 766,420.42 in Q1 2019[25] - The ending balance of cash and cash equivalents as of Q1 2020 was 102,404,890.52, up from 92,162,587.70 in Q1 2019[25] - The company reported a cash inflow from sales and services of 7,649,050.42 in Q1 2020, a notable increase from 1,995,293.71 in Q1 2019[25] - The cash outflow for purchasing goods and services was 7,836,940.81 in Q1 2020, compared to only 69,407.00 in Q1 2019, indicating a significant increase in operational expenses[25] - The company did not report any cash outflow for the acquisition of fixed assets in Q1 2020, contrasting with 36,000.00 in Q1 2019[25] Shareholder Information - The total number of shareholders reached 15,506, indicating a stable shareholder base[10] Equity Transactions - The company completed the transfer of a 25% equity stake in Xinjiang Jiahe Real Estate Development Co., Ltd. for CNY 27,355,400, including interest[13] - The company also completed the transfer of a 15% equity stake in Xinjiang Jiahe Real Estate Development Co., Ltd. for CNY 17,136,000, including interest[14] Other Financial Information - Accounts receivable decreased by 100% to CNY 0.00, primarily due to the collection of customer payments[12] - Inventory increased by 62.01% to CNY 12,653,952.20, attributed to higher procurement of goods[12] - Operating costs rose by 131.60% to CNY 4,044,387.05, in line with increased sales volume[12] - Credit impairment losses increased by 100% year-on-year, mainly due to the receipt of equity transfer payments and the reversal of corresponding bad debt provisions[9] - The company implemented new revenue and leasing standards starting January 1, 2020, but these did not have a significant impact on the financial statements[26] - The company did not have an applicable audit report for the current period[27]