TJKJ(SH:600846)2020-04-29 16:00Financial Performance - Operating revenue for the first quarter reached CNY 903,996,461.79, a 48.43% increase year-on-year[6] - Net profit attributable to shareholders was CNY 72,095,722.37, reflecting a 42.86% increase compared to the same period last year[6] - Basic and diluted earnings per share increased by 50% to CNY 0.12 per share[6] - The company's operating revenue for Q1 2020 was RMB 903.997 million, an increase of 48.43% compared to RMB 609.020 million in the same period last year[13] - The net profit attributable to shareholders of the parent company reached RMB 72.096 million, reflecting a growth of 42.86% from RMB 50.466 million year-on-year[13] - The company reported a total comprehensive income of ¥119,666,801.61 for Q1 2020, an increase from ¥66,668,679.30 in Q1 2019[29] Assets and Liabilities - Total assets increased by 3.83% to CNY 12,617,360,406.96 compared to the end of the previous year[6] - Current liabilities rose to CNY 8,328,787,003.41, up from CNY 7,932,760,536.46, indicating an increase of about 4.99%[22] - Non-current liabilities totaled CNY 596,255,706.77, a decrease from CNY 646,708,870.21, reflecting a decline of approximately 7.76%[22] - Total liabilities increased to CNY 8,925,042,710.18 from CNY 8,579,469,406.67, representing a growth of about 4.03%[22] - The company’s total current assets reached CNY 2,344,037,807.41, up from CNY 1,724,679,237.08, indicating a significant increase of approximately 36.00%[24] - The total assets of the company were approximately $2.89 billion[44] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 754,667,661.28, compared to a net outflow of CNY 522,390,461.18 in the same period last year[6] - The net cash flow from operating activities was negative at RMB -754.668 million, worsening from RMB -522.390 million in the same period last year[14] - Cash inflows from financing activities amounted to CNY 956,300,000.00, compared to CNY 846,300,000.00 in Q1 2019, reflecting a 13% increase[34] - The ending cash and cash equivalents balance was CNY 3,153,229,672.75, a decrease from CNY 3,898,529,778.02 at the end of Q1 2019[34] Shareholder Information - The number of shareholders reached 74,939 by the end of the reporting period[10] - The company’s minority shareholders' profit increased by 191.16% to RMB 47.581 million, up from RMB 16.342 million in the previous year[13] - Shareholders' equity increased to CNY 3,692,317,696.78 from CNY 3,572,650,895.17, marking an increase of about 3.35%[22] Government Subsidies and Non-Operating Income - Non-operating income included government subsidies amounting to CNY 7,472,267.22, closely related to normal business operations[6] - The company reported a significant increase in government subsidies classified as non-operating income, rising to RMB 657.39 million from RMB 16.22 million year-on-year[13] Research and Development - The company's R&D expenses increased by 40.30% to RMB 4.560 million, up from RMB 3.250 million in the previous year[13] Financial Expenses - The financial expenses surged due to increased bank interest payments, with a reported financial cost of RMB 627.80 million compared to a negative RMB 714.50 million last year[13] Revenue Recognition Standards - The company adopted new revenue recognition standards effective January 1, 2020, impacting financial reporting[44]