TC(SH:603085)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥278,633,676.32, a decrease of 35.49% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥1,898,566.78, down 85.72% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥1,853,832.55, reflecting a decline of 89.40%[5]. - The total operating profit for Q1 2023 was CNY 1,058,824.98, down from CNY 12,653,202.12 in the same period last year, indicating a decrease of about 91.6%[19]. - The company reported a net loss of CNY 510.53 million for Q1 2023, slightly improved from a loss of CNY 512.42 million in Q1 2022[17]. - The company’s total comprehensive income for Q1 2023 was CNY 401,748.95, significantly lower than CNY 13,097,552.69 in Q1 2022, indicating a decline of approximately 96.9%[20]. Cash Flow and Assets - The net cash flow from operating activities was -¥7,437,632.39, a decrease of 115.20%[5]. - Cash flow from operating activities showed a net outflow of CNY 7,437,632.39 in Q1 2023, compared to a net inflow of CNY 48,937,387.81 in Q1 2022[23]. - The company reported cash inflows from operating activities totaling CNY 219,522,263.89, down 45.5% from CNY 404,397,988.26 in the previous year[22]. - Cash and cash equivalents decreased to CNY 167.52 million from CNY 204.12 million, a decline of 17.9%[15]. - Cash and cash equivalents at the end of Q1 2023 were CNY 77,944,100.14, a decrease from CNY 205,587,186.41 at the end of Q1 2022, reflecting a decline of approximately 62.1%[24]. - The net cash flow from financing activities in Q1 2023 was CNY 27,626,342.46, down from CNY 107,211,483.47 in Q1 2022, reflecting a decrease of about 74.2%[24]. - Total assets at the end of the reporting period were ¥2,459,582,139.64, an increase of 3.14% from the end of the previous year[6]. - As of March 31, 2023, total assets amounted to CNY 2.46 billion, compared to CNY 2.38 billion at the end of 2022, reflecting a growth of 3.5%[18]. Shareholder Information - The top shareholder, Zhejiang Tiancheng Ke Investment Co., Ltd., holds 41.2% of the shares, with 163,613,066 shares pledged[10]. Market Demand and Operations - The decline in revenue and profit was attributed to a decrease in market demand for the company's main products in January and February 2023[8]. - The company experienced a decline in market demand in January and February 2023, but demand began to recover in March 2023[13]. Expenses and Liabilities - The total operating costs for Q1 2023 were CNY 277.91 million, down 32.8% from CNY 414.20 million in the same period last year[18]. - The company's R&D expenses increased to CNY 19.77 million in Q1 2023, up 22.8% from CNY 16.11 million in Q1 2022[18]. - The total liabilities as of March 31, 2023, were CNY 1.55 billion, an increase of 5.0% from CNY 1.47 billion at the end of 2022[17]. - The company's inventory increased to CNY 402.42 million, up 17.0% from CNY 344.14 million at the end of 2022[16]. Earnings Per Share - Basic and diluted earnings per share were both ¥0.01, down 75.00% compared to the previous year[6]. - Basic and diluted earnings per share for Q1 2023 were both CNY 0.01, down from CNY 0.04 in Q1 2022, representing a 75% decrease[20]. Foreign Exchange and Other Losses - The company incurred a foreign exchange loss of CNY 1,496,817.83 in Q1 2023, compared to a loss of CNY 200,138.60 in Q1 2022[20]. Investment Activities - The company invested CNY 48,392,996.00 in fixed assets during Q1 2023, an increase from CNY 32,380,437.34 in Q1 2022, indicating a growth of approximately 49.5%[23].