TKD(SH:603738)2020-04-29 16:00Financial Performance - Operating revenue fell by 45.18% to CNY 72,712,729.98 year-on-year[5] - Net profit attributable to shareholders was a loss of CNY 9,437,340.79, compared to a loss of CNY 1,183,777.75 in the same period last year[5] - Net profit for Q1 2020 was a loss of CNY 10,092,992.19, compared to a loss of CNY 1,409,675.98 in Q1 2019, highlighting a significant decline in income[14] - The company's operating profit for Q1 2020 was -¥9,257,899.64, compared to -¥1,523,215.16 in Q1 2019[24] - The net profit for Q1 2020 was a loss of ¥8,643,426.50, compared to a profit of ¥1,463,641.42 in Q1 2019, indicating a significant decline[28] - The total profit (loss) for Q1 2020 was a loss of ¥9,232,631.10, compared to a profit of ¥976,193.95 in Q1 2019[28] Assets and Liabilities - Total assets decreased by 1.01% to CNY 1,170,235,348.02 compared to the end of the previous year[5] - Total liabilities decreased to CNY 323,576,075.60 from CNY 351,250,912.36, a reduction of approximately 7.87%[19] - Non-current liabilities decreased to CNY 71,861,806.98 from CNY 98,061,364.27, indicating a decline of about 26.67%[19] - Shareholders' equity increased to CNY 846,659,272.42 from CNY 830,885,367.94, reflecting an increase of approximately 1.93%[19] - Current assets totaled CNY 539,359,854.74, down from CNY 562,838,621.36, indicating a decrease of about 4.18%[18] Cash Flow - Net cash flow from operating activities decreased by 33.23% to CNY 16,118,903.51[5] - Cash received from sales decreased by 29.19% to CNY 96,881,407.67 from CNY 136,825,516.59, indicating a drop in operational cash flow[14] - The net cash flow from operating activities for Q1 2020 was ¥16,118,903.51, down 33.3% from ¥24,139,432.27 in Q1 2019[30] - The company reported a net cash flow from investing activities of -CNY 24,052,690.88, worsening from -CNY 9,974,415.48 in Q1 2019[32] - Cash inflow from financing activities was CNY 35,000,000, with a net cash flow of CNY 4,601,044.57, compared to -CNY 32,025,189.14 in Q1 2019[32] Shareholder Information - The total number of shareholders was 32,679 at the end of the reporting period[10] - The largest shareholder, Yu Xindong, holds 36.95% of the shares, with 62,422,000 shares pledged[10] Research and Development - R&D expenses increased by 42.22% to CNY 7,506,438.91 in Q1 2020 from CNY 5,278,082.56 in Q4 2019, indicating a commitment to innovation[13] - Research and development expenses for Q1 2020 were ¥7,506,438.91, an increase of 42.3% from ¥5,278,082.56 in Q1 2019[24] Other Financial Metrics - The weighted average return on equity decreased by 0.96 percentage points to -1.15%[5] - Basic earnings per share were -CNY 0.0563, compared to -CNY 0.0075 in the previous year[5] - Financial expenses dropped by 84.98% to CNY 655,937.88 from CNY 4,367,029.65, attributed to increased exchange gains and reduced convertible bond interest[13] - The company reported a significant increase in credit impairment losses, amounting to CNY -2,824,799.73, compared to CNY -491,205.59 in the previous year[14]