TC(SH:603421)2020-04-22 16:00Financial Performance - Net profit attributable to shareholders was CNY -53,928,268.10, a decrease of 527.97% year-on-year[5] - Operating revenue fell by 22.00% to CNY 177,929,973.88 compared to the same period last year[5] - Basic earnings per share decreased by 466.67% to CNY -0.11[5] - The weighted average return on equity decreased by 2.16 percentage points to -1.82%[5] - Total revenue for Q1 2020 was ¥177,929,973.88, a decrease of 22% compared to ¥228,117,691.84 in Q1 2019[20] - The net profit for Q1 2020 was a loss of ¥12.29 million, compared to a profit of ¥50.44 million in Q1 2019, representing a significant decline[22] - The operating profit for Q1 2020 was a loss of ¥14.26 million, down from a profit of ¥51.31 million in the same period last year[22] - The total profit for Q1 2020 was a loss of ¥14.01 million, compared to a profit of ¥54.08 million in Q1 2019[22] Cash Flow - Net cash flow from operating activities increased by 211.40% to CNY 32,563,752.96 compared to the previous year[5] - Operating cash flow increased by 211.40% from CNY -29,230,496.42 to CNY 32,563,752.96 due to increased cash received from sales of goods and services[11] - The company reported a cash inflow from operating activities of ¥410.93 million in Q1 2020, down from ¥522.49 million in Q1 2019, reflecting a decrease of 21.3%[24] - Cash flow from investing activities decreased by 125.65% from CNY 212,221,500.57 to CNY -54,429,114.65 primarily due to the purchase of financial products that have not matured[11] - The net cash flow from investment activities for Q1 2020 was -¥31,675,301.87, compared to ¥162,399,167.26 in Q1 2019, indicating a significant decrease[26] Assets and Liabilities - Total assets decreased by 4.06% to CNY 3,597,102,042.15 compared to the end of the previous year[5] - Total assets as of March 31, 2020, were ¥3,891,845,620.63, down from ¥4,004,835,879.43 at the end of 2019[18] - Total liabilities decreased from CNY 732,592,697.13 to CNY 630,239,416.04, with current liabilities also showing a decline[15] - Total liabilities decreased to ¥501,538,958.27 from ¥606,311,943.62, a reduction of about 17%[18] - The total assets as of March 31, 2020, were ¥3,749,392,329.63, unchanged from the previous reporting period[29] - The total liabilities as of March 31, 2020, were ¥720,016,627.76, remaining consistent with the previous reporting period[29] Shareholder Information - The total number of shareholders was 26,322 at the end of the reporting period[10] - The largest shareholder, Zeng Fanyi, held 26.69% of the shares, totaling 125,242,457 shares[10] Expenses - Management expenses rose by 58.12% from CNY 25,213,436.87 to CNY 39,866,502.05 due to ongoing investments in office supplies and equipment at the Dingxin Technology Industrial Park[11] - Research and development expenses increased to ¥51,249,494.41 in Q1 2020, compared to ¥39,568,911.00 in Q1 2019, reflecting a growth of 29%[20] - The company incurred credit impairment losses of ¥3.52 million in Q1 2020, with asset impairment losses amounting to ¥1.04 million[22] Government Support and Other Income - The company received government subsidies amounting to CNY 835,588.00 during the reporting period[8] - Non-recurring gains and losses totaled CNY 904,255.28 for the quarter[8] - The company reported other income of ¥15.22 million in Q1 2020, slightly down from ¥16.10 million in Q1 2019[22]