TCT(SH:688015)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥295,215,009.61, a decrease of 23.95% compared to the same period last year[3] - Net profit attributable to shareholders was ¥10,122,164.29, down 53.85% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥1,201,237.32, reflecting a significant decline of 91.47%[3] - The basic and diluted earnings per share were both ¥0.05, representing a decrease of 58.33% compared to the previous year[3] - The company reported a net loss for Q1 2023, with total operating costs exceeding total operating revenue[17] - In Q1 2023, the net profit was CNY 9,426,951.16, a decrease of 54.9% compared to CNY 20,892,975.28 in Q1 2022[19] - The total comprehensive income for Q1 2023 was CNY 9,404,181.98, a decrease of 55.0% from CNY 20,883,894.96 in Q1 2022[19] Cash Flow - The net cash flow from operating activities was -¥47,657,314.79, indicating a negative cash flow situation[3] - The company reported a net cash outflow from operating activities of CNY -47,657,314.79, an improvement from CNY -70,024,689.51 in Q1 2022[23] - Cash flow from operating activities showed a net outflow of ¥91,347,580.96 in Q1 2023, compared to a net outflow of ¥38,626,752.25 in Q1 2022[30] - The company reported cash received from investment income of $2,532,456.16, a decline from $4,741,888.70 in the previous year[31] - The net increase in cash and cash equivalents was -$66,269,991.26, compared to -$9,936,282.68 in the prior year[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,448,349,014.92, a decrease of 3.03% from the end of the previous year[4] - Total assets as of March 31, 2023, were RMB 5,448,349,014.92, compared to RMB 5,618,369,198.05 at the end of 2022[14] - Total liabilities decreased to RMB 2,881,570,331.86 as of March 31, 2023, from RMB 3,062,358,318.49 at the end of 2022[15] - The total assets decreased to ¥4,869,900,002.99 in Q1 2023 from ¥5,075,353,354.84 in Q1 2022, reflecting a decline of 4.1%[27] - The total liabilities decreased to ¥2,472,104,338.62 in Q1 2023 from ¥2,698,337,522.94 in Q1 2022, a reduction of 8.4%[27] Shareholder Information - The total equity attributable to shareholders was ¥2,469,057,124.09, showing a slight increase of 0.47%[4] - The company had a total of 8,125 ordinary shareholders at the end of the reporting period[9] - The total equity as of March 31, 2023, was RMB 2,566,778,683.06, slightly up from RMB 2,556,010,879.56 at the end of 2022[15] - The company's total equity increased to ¥2,397,795,664.37 in Q1 2023 from ¥2,377,015,831.90 in Q1 2022, reflecting a growth of 0.9%[27] Research and Development - Research and development expenses totaled ¥60,685,254.58, accounting for 20.56% of operating revenue, an increase of 6.59 percentage points[4] - Research and development expenses increased to CNY 60,685,254.58, up 11.3% from CNY 54,241,640.68 in Q1 2022[22] - The company's research and development expenses remained stable at ¥44,302,211.31 in Q1 2023, slightly up from ¥44,181,779.24 in Q1 2022[28] Operational Efficiency - The company is focusing on improving operational efficiency and reducing costs in response to declining revenues[17] - The company incurred a credit impairment loss of CNY 13,244,250.62, compared to a gain of CNY -899,766.29 in Q1 2022[22] Investment Activities - Investment activities generated a net cash inflow of CNY 18,590,289.95, compared to CNY 14,702,136.48 in the previous year[23] - Cash paid for investments was $330,000,000.00, down from $494,000,000.00, indicating a reduction in investment activity[31] Accounting Standards - The company has adopted new accounting standards starting in 2023, which may affect the financial statements[31]