TJKJ(SH:600846)2019-04-29 16:00Financial Performance - Operating revenue decreased by 43.30% to CNY 609,020,776.28 year-on-year[8] - Net profit attributable to shareholders decreased by 34.53% to CNY 50,465,803.51 compared to the same period last year[8] - Basic and diluted earnings per share decreased by 33.33% to CNY 0.08[8] - Total operating revenue for Q1 2019 was ¥609,020,776.28, a decrease of 43.3% compared to ¥1,074,075,753.94 in Q1 2018[33] - Net profit for Q1 2019 was ¥66,807,863.25, a decline of 26.1% from ¥90,398,193.79 in Q1 2018[34] - The net profit attributable to shareholders of the parent company was ¥50,465,803.51, down 34.4% from ¥77,081,920.00 in Q1 2018[34] - Total comprehensive income for Q1 2019 was ¥66,668,679.30, down from ¥89,988,786.90 in Q1 2018[34] Cash Flow - Net cash flow from operating activities was negative at CNY -522,390,461.18, a decrease of 137.66% year-on-year[8] - In Q1 2019, the company's cash inflow from operating activities was CNY 1,081,024,057.11, a decrease of 59.5% compared to CNY 2,663,176,676.45 in Q1 2018[38] - The net cash flow from operating activities was negative at CNY -522,390,461.18, contrasting with a positive CNY 1,386,941,116.32 in the same period last year[38] - Cash outflow from investing activities totaled CNY 12,953,030.70, significantly lower than CNY 61,999,486.46 in Q1 2018, resulting in a net cash flow from investing activities of CNY -12,297,728.93[39] - The net cash flow from financing activities was CNY 654,373,050.47, an increase from CNY 252,292,709.38 in the previous year[39] Assets and Liabilities - Total assets increased by 5.82% to CNY 13,050,362,327.44 compared to the end of the previous year[8] - The company’s total current assets as of March 31, 2019, were CNY 11.18 billion, an increase from CNY 10.46 billion at the end of 2018[25] - The company’s total liabilities as of March 31, 2019, were CNY 4.56 billion, reflecting a stable financial position[25] - Total liabilities reached ¥10,004,598,968.98, up from ¥9,318,766,063.61, indicating a growth of approximately 7.3%[27] - Non-current liabilities rose to ¥1,463,223,093.67 from ¥1,163,290,250.02, marking an increase of about 25.8%[27] - Current liabilities totaled ¥8,541,375,875.31, compared to ¥8,155,475,813.59, reflecting an increase of approximately 4.7%[26] Shareholder Information - The total number of shareholders was 89,811 at the end of the reporting period[12] - Owner's equity totaled ¥3,045,763,358.46, an increase from ¥3,014,024,187.40, representing a growth of about 1.1%[27] Income and Expenses - The company reported a decrease in sales costs by 45.67% to CNY 487.16 million, down from CNY 896.60 million year-on-year[16] - Other income decreased by 81.05% to CNY 1.18 million, compared to CNY 6.24 million in the previous year[16] - Investment income increased by 35.98% to CNY 20.35 million, up from CNY 14.97 million year-on-year[16] - Research and development expenses for Q1 2019 were ¥3,250,318.94, slightly up from ¥3,221,084.53 in Q1 2018[33] - The company reported a financial expense of -¥7,144,979.41 in Q1 2019, compared to ¥178,591.85 in Q1 2018, indicating improved financial management[33] Changes in Accounting Standards - The company adopted new financial accounting standards effective January 1, 2019, impacting the measurement of financial assets[50] - The impairment provision method was changed from "incurred loss model" to "expected loss model," adjusting the provision ratios based on aging[51] - The company did not make retrospective adjustments for prior period comparative data under the new financial instrument standards[52]