TYGF(SH:600506)2022-07-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥671,748,907.35, representing an increase of 4,668.63% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was a loss of ¥8,146,898.63, with a basic earnings per share of -¥0.055[5][6]. - Total operating revenue for Q1 2022 reached ¥671,748,907.35, a significant increase from ¥14,086,846.35 in Q1 2021, representing a growth of approximately 4,676%[22]. - The net profit for Q1 2022 was a loss of ¥8,146,898.63, worsening from a loss of ¥1,741,388.37 in Q1 2021[23]. - The basic and diluted earnings per share for Q1 2022 were both -¥0.055, compared to -¥0.012 in Q1 2021, indicating a decline in shareholder value[24]. Assets and Liabilities - Total assets decreased by 29.04% from the end of the previous year, amounting to ¥2,578,140,651.25[6]. - The company's total assets as of March 31, 2022, amounted to CNY 2.58 billion, a decrease from CNY 3.61 billion at the end of 2021[17]. - The company's current liabilities totaled CNY 964.23 million, down from CNY 1.99 billion in the previous period[18]. - The accounts receivable increased to CNY 308.10 million from CNY 190.83 million year-over-year[17]. - The inventory stood at CNY 330.42 million, slightly up from CNY 326.39 million[17]. - The company's cash and cash equivalents decreased significantly to CNY 249.42 million from CNY 1.43 billion[16]. - The company reported a significant increase in contract liabilities to CNY 55.52 million from CNY 15.33 million[18]. - The long-term borrowings remained stable at CNY 646 million, unchanged from the previous period[18]. Cash Flow - Cash flow from operating activities was ¥5,840,013.29, with no applicable comparison data[5]. - The cash flow from operating activities generated a net inflow of ¥5,840,013.29 in Q1 2022, compared to a net outflow of ¥1,388,779.22 in Q1 2021[27]. - The net cash flow from financing activities was 8,543,913.90 CNY[28]. - Cash and cash equivalents decreased by 20,916,784.89 CNY during the period[28]. - The ending balance of cash and cash equivalents was 249,422,274.74 CNY[28]. - The beginning balance of cash and cash equivalents was 270,339,059.63 CNY[28]. - The company repaid debts amounting to 40,000,000.00 CNY[28]. - Dividends and interest payments totaled 10,394,419.43 CNY[28]. - The impact of exchange rate changes on cash and cash equivalents was -36,862.50 CNY[28]. Expenses and Financial Charges - Total operating costs for Q1 2022 were ¥677,386,037.93, compared to ¥15,956,367.18 in Q1 2021, indicating a rise of about 4,143%[22]. - The company experienced a significant increase in financial expenses, up 10,326.93%, due to interest payments on bank loans[11]. - The company reported interest expenses of ¥23,327,980.77 in Q1 2022, while interest income was ¥734,382.51, leading to a net interest expense[23]. Research and Development - Research and development expenses increased by 100.00%, reflecting the impact of the merger[11]. - Research and development expenses for Q1 2022 amounted to ¥5,805,379.59, compared to zero in Q1 2021, indicating a new focus on innovation[22]. Other Information - The company reported non-recurring gains and losses totaling ¥888,331.96, primarily from government subsidies and interest income from receivables[9]. - The company faced increased production costs due to rising international crude oil prices and disruptions caused by the COVID-19 pandemic[15]. - The company has not disclosed any new product developments or market expansion strategies in the current report[15]. - The report was released on July 26, 2022[28]. - The financial report was prepared by the accounting team led by Yang Jinsong[28].