TCT(SH:688015)2020-04-27 16:00Financial Performance - Operating revenue surged by 153.38% to CNY 273,062,874.50 year-on-year[6] - Net profit attributable to shareholders reached CNY 22,923,599.69, a significant recovery from a loss of CNY 24,289,876.04 in the same period last year[6] - Basic earnings per share improved to CNY 0.14 from a loss of CNY -0.20 in the previous year[6] - The company reported a significant increase in other income by 185.83% to RMB 6,621,819.51, primarily due to increased government subsidies[14][17] - Net profit for Q1 2020 was CNY 21,210,253.65, a turnaround from a net loss of CNY 26,134,223.82 in Q1 2019[42] - The total comprehensive income for Q1 2020 was CNY 21,220,919.77, compared to a loss of CNY 26,159,301.31 in Q1 2019[42] - The total profit for Q1 2020 was approximately ¥28 million, compared to a loss of approximately ¥23 million in Q1 2019, demonstrating improved financial performance[44] Assets and Liabilities - Total assets increased by 4.85% to CNY 3,722,885,666.55 compared to the end of the previous year[6] - Total liabilities amounted to RMB 2,600,078,151.83, compared to RMB 2,456,891,752.73, which is an increase of approximately 5.84%[33] - The company's equity attributable to shareholders reached RMB 1,106,502,170.84, up from RMB 1,083,567,905.03, indicating a growth of about 2.11%[33] - Total current assets reached RMB 3,414,423,684.15, up from RMB 3,243,463,210.27, indicating an increase of about 5.26%[31] - The total liabilities were recorded at 2,456,891,752.73 RMB, with current liabilities comprising 2,335,079,213.27 RMB[54] - The company reported a significant increase in contract liabilities, totaling CNY 850,247,619.76, indicating strong future revenue recognition potential[59] Cash Flow - The net cash flow from operating activities was negative at CNY -136,530,002.07, contrasting with a positive cash flow of CNY 74,428,966.57 in the previous year[6] - The cash flow from operating activities showed a net outflow of approximately ¥137 million in Q1 2020, compared to a net inflow of approximately ¥74 million in Q1 2019[48] - The investment activities generated a net cash inflow of approximately ¥252 million in Q1 2020, compared to a net outflow of approximately ¥53 million in Q1 2019, highlighting a positive shift in investment cash flow[49] - The financing activities resulted in a net cash inflow of approximately ¥14 million in Q1 2020, compared to approximately ¥4.5 million in Q1 2019, indicating increased financing activity[49] Research and Development - Research and development expenses accounted for 8.24% of operating revenue, down from 14.36%[6] - R&D expenses rose by 45.43% to RMB 22,506,514.73, attributed to an increase in the scale and compensation of R&D personnel as well as higher depreciation from R&D equipment[14][16] - Research and development expenses for Q1 2020 were CNY 22,506,514.73, an increase of 45.5% from CNY 15,475,703.41 in Q1 2019[40] - The company plans to continue focusing on R&D and market expansion to drive future growth, although specific new products or technologies were not detailed in the report[45] Shareholder Information - The total number of shareholders reached 10,626[10] - The largest shareholder, Beijing Infrastructure Investment Co., Ltd., holds 16.66% of the shares[10] Contracts and Projects - The company won a major signal system procurement project for Shenzhen Metro Line 14, with a contract value of RMB 671,088,900, although the contract had not been signed by the end of the reporting period[27] - The company signed a contract for the "Changping South Extension Line" project with a value of RMB 235,888,900 on April 13, 2020[28] Financial Strategy - Short-term borrowings increased by 73.03% to RMB 17,004,838.24, indicating a rise in financing needs[24] - Long-term borrowings stood at CNY 8,447,288.20, reflecting the company's financing strategy[60] - The company has a deferred income of CNY 92,189,200.39, which may indicate future revenue streams[60]