TJSMW(SH:600577)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥3,985,189,250.73, representing a decrease of 12.92% compared to the same period last year[6]. - The net profit attributable to shareholders was ¥101,029,285.49, down by 1.11% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 7.88% to ¥96,703,485.31[6]. - Total operating revenue for Q1 2023 was ¥3,985,189,250.73, a decrease of 12.91% compared to ¥4,576,414,641.54 in Q1 2022[27]. - Net profit for Q1 2023 was ¥104,081,366.10, a decrease of 5.2% compared to ¥110,228,931.56 in Q1 2022[29]. - The company's total liabilities increased to ¥5,836,906,892.58 in Q1 2023 from ¥5,486,914,977.36 in Q1 2022, reflecting a growth of 6.37%[27]. - Total equity attributable to shareholders increased to ¥5,151,708,201.52 in Q1 2023 from ¥5,062,964,365.74 in Q1 2022, representing a growth of 1.75%[27]. Cash Flow - The net cash flow from operating activities was negative at -¥202,253,625.18, a decline of 475.49% compared to the previous year[6]. - The company's cash flow from operating activities showed a significant improvement, indicating better liquidity management compared to the previous year[27]. - The net cash flow from operating activities for Q1 2023 was -202,253,625.18 RMB, a significant decline compared to 53,863,487.58 RMB in Q1 2022, indicating a negative cash flow trend[32]. - Total cash inflow from investment activities in Q1 2023 was 423,922,432.02 RMB, up from 99,773,984.65 RMB in Q1 2022, showing a strong increase in investment cash inflows[32]. - The cash outflow from investment activities in Q1 2023 was 628,074,913.48 RMB, resulting in a net cash flow from investment activities of -204,152,481.46 RMB, compared to -420,168,074.31 RMB in Q1 2022, reflecting an improvement[35]. - Cash inflow from financing activities in Q1 2023 totaled 1,203,110,972.82 RMB, compared to 939,329,518.89 RMB in Q1 2022, indicating a robust increase in financing[35]. - The net cash flow from financing activities for Q1 2023 was 375,632,348.01 RMB, up from 219,339,643.11 RMB in Q1 2022, demonstrating a positive trend in financing[35]. - The ending cash and cash equivalents balance for Q1 2023 was 1,205,494,545.76 RMB, compared to 1,104,976,753.56 RMB in Q1 2022, indicating an increase in liquidity[35]. Assets and Liabilities - Total assets at the end of the reporting period were ¥11,099,707,587.71, an increase of 2.25% from the end of the previous year[6]. - The total assets of the company as of March 31, 2023, amounted to RMB 11,099,707,587.71, an increase from RMB 10,855,725,623.32 at the end of 2022, reflecting a growth of approximately 2.25%[18]. - Current assets totaled RMB 8,370,210,841.43, compared to RMB 8,256,054,511.94 at the end of 2022, indicating an increase of about 1.38%[22]. - The company's total liabilities increased to ¥5,836,906,892.58 in Q1 2023 from ¥5,486,914,977.36 in Q1 2022, reflecting a growth of 6.37%[27]. - The total liabilities of the company as of March 31, 2023, were not explicitly stated but can be inferred from the increase in current liabilities and short-term borrowings[22]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 106,208[11]. - The company reported a significant pledge of shares by major shareholders, with 198,000,000 shares pledged by Tihua Investment Holdings Co., Ltd., representing 12.04% of total shares[15]. Operational Efficiency - The weighted average return on equity decreased by 0.44 percentage points to 2.00%[6]. - Research and development expenses for Q1 2023 were ¥25,243,749.35, a decrease of 34.9% compared to ¥38,812,618.22 in Q1 2022[27]. - The company's financial expenses decreased to ¥29,828,718.61 in Q1 2023 from ¥44,542,772.69 in Q1 2022, a reduction of 33.2%[27]. - The company's cash and cash equivalents were RMB 1,706,989,250.77, down from RMB 1,778,587,934.91, representing a decrease of approximately 4.06%[18]. - Accounts receivable increased to RMB 2,842,320,721.70 from RMB 2,724,342,173.38, showing a growth of around 4.32%[22]. - Inventory levels rose to RMB 1,574,066,458.20, compared to RMB 1,480,048,355.33, marking an increase of approximately 6.35%[22]. - Short-term borrowings increased to RMB 2,711,279,230.23 from RMB 2,516,189,239.61, reflecting a rise of about 7.73%[22]. - The company's long-term equity investments were valued at RMB 407,150,931.45, slightly up from RMB 405,263,918.26, indicating a marginal increase[22]. Market and Product Development - The company has not disclosed any new product developments or market expansion strategies during this reporting period[18].