TC(SH:603085)2019-04-25 16:00Financial Performance - Operating revenue surged by 105.86% to CNY 371,598,326.55, driven by new aviation seat business and growth in passenger car business [11]. - Net profit attributable to shareholders increased by 82.87% to CNY 20,310,047.72 compared to the same period last year [5]. - Basic and diluted earnings per share both doubled to CNY 0.08, compared to CNY 0.04 in the same period last year [5]. - The company's operating profit was CNY 24,214,786.33, reflecting a 79.52% increase driven by revenue growth [12]. - Net profit for Q1 2019 was ¥22,960,914.44, representing an increase of 101.6% from ¥11,383,850.88 in Q1 2018 [27]. - The company reported a total comprehensive income of ¥27,871,333.38 for Q1 2019, compared to ¥11,530,191.39 in Q1 2018 [28]. Cash Flow - Cash flow from operating activities improved significantly, reaching CNY 45,855,368.84, a turnaround from a negative CNY 43,672,600.09 in the previous year [5]. - Cash received from operating activities amounted to CNY 45,855,368.84, a decrease of 205.00% due to increased cash inflow from sales [12]. - Operating cash flow for Q1 2019 was ¥45,855,368.84, a significant improvement from a negative cash flow of -¥43,672,600.09 in Q1 2018 [33]. - Net cash flow from operating activities for Q1 2019 was $50,809,769.59, a significant improvement from a net outflow of $55,385,781.19 in Q1 2018 [38]. - The cash flow from operating activities netted a positive figure for the first time in several quarters, indicating a potential turnaround in operational efficiency [38]. Assets and Liabilities - Total assets increased by 6.02% to CNY 2,464,004,469.36 compared to the end of the previous year [5]. - The company's total assets as of March 31, 2019, were CNY 2,464,004,469.36, up from CNY 2,324,084,801.10 at the end of 2018 [18]. - The company's current liabilities totaled CNY 1,161,127,187.66, an increase from CNY 1,053,427,168.86 at the end of 2018 [19]. - Total liabilities increased to ¥1,032,949,313.27 in Q1 2019, compared to ¥1,003,094,925.09 in Q1 2018, marking a rise of 3.0% [23]. Shareholder Information - The company reported a total of 18,821 shareholders at the end of the reporting period [9]. Business Segments - The company’s aviation seat business generated sales revenue of CNY 122,860,402.61 in the first quarter [11]. - Total operating revenue for Q1 2019 reached ¥371,598,326.55, a significant increase of 106.5% compared to ¥180,506,812.10 in Q1 2018 [26]. Expenses - Financial expenses rose significantly to ¥7,617,830.86 in Q1 2019, compared to ¥555,944.09 in Q1 2018, primarily due to increased interest expenses [30]. - Research and development expenses for Q1 2019 were ¥11,630,393.69, slightly higher than ¥10,298,306.05 in Q1 2018, showing an increase of 12.9% [27]. Tax and Refunds - The company received CNY 28,226,411.90 in tax refunds, primarily due to increased VAT refunds [12]. - The company received $5,592,397.45 in tax refunds during Q1 2019, contributing to the overall cash inflow [37].