TSC(SZ:000877)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥22,379,456,077.40, a decrease of 20.83% compared to the same period last year[4] - The net profit attributable to shareholders was -¥1,231,161,519.53, representing a decline of 220.08% year-on-year[4] - The basic earnings per share decreased by 216.38% to -¥0.1421 compared to the same period last year[4] - In Q1 2023, the company reported a net profit loss of CNY 1,411,482,903.47, compared to a net profit of CNY 1,147,280,965.08 in Q1 2022, indicating a significant decline[20] - The total revenue from operating activities was CNY 20,137,004,988.76, down from CNY 27,558,033,495.04 in the same period last year, representing a decrease of approximately 27.1%[22] - The company's operating profit was CNY -1,463,637,795.63, contrasting with an operating profit of CNY 1,839,318,703.17 in Q1 2022[20] - The company’s total comprehensive income for Q1 2023 was CNY -1,351,312,760.28, compared to CNY 1,161,468,413.81 in Q1 2022[21] - Basic and diluted earnings per share were both CNY -0.1421, down from CNY 0.1221 in the same quarter last year[21] Cash Flow and Liquidity - The net cash flow from operating activities increased by 189.20% to ¥1,459,969,607.30 compared to the previous year[4] - The cash and cash equivalents at the end of Q1 2023 amounted to RMB 17,121,936,049.43, an increase of 59.8% from RMB 10,745,267,773.65 at the beginning of the year[15] - Cash and cash equivalents at the end of the period totaled CNY 14,877,764,025.88, compared to CNY 18,426,122,321.71 at the end of Q1 2022[23] - The company incurred financial expenses of CNY 1,016,838,238.26, a decrease from CNY 1,086,042,473.85 in the previous year[20] - The company’s investment activities resulted in a net cash outflow of CNY -3,822,633,207.81, compared to a net outflow of CNY -3,147,410,462.63 in Q1 2022[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥296,674,283,835.38, reflecting a growth of 2.71% from the end of the previous year[5] - The total assets as of March 31, 2023, were RMB 296,674,283,835.38, compared to RMB 288,836,545,090.53 at the beginning of the year, indicating a growth of 2.9%[17] - The total liabilities increased to RMB 200,630,988,270.67 from RMB 191,534,784,049.72, representing an increase of 4.5%[17] - The company's total liabilities increased, leading to a 59.34% rise in cash and cash equivalents compared to the beginning of the year[8] Research and Development - The company's R&D expenses rose by 70.11% year-on-year, indicating an increased focus on research and development[8] - Research and development expenses increased to CNY 306,560,565.21 from CNY 180,214,145.87, reflecting a growth of approximately 69.9% year-over-year[20] Investment and Acquisitions - The company reported a significant decrease in investment income, down 89.23% year-on-year, due to reduced profits from joint ventures[9] - The company experienced a 35.38% increase in non-operating income compared to the previous year, primarily due to an increase in approved unpayable accounts[9] - The company plans to issue convertible bonds to unspecified investors, with the application accepted by the Shenzhen Stock Exchange on April 18, 2023[12] - The company is in the process of acquiring controlling stakes in cement-related businesses from Ningxia Building Materials Group, as part of a major asset restructuring plan[13] Inventory and Receivables - The inventory at the end of Q1 2023 was RMB 11,560,205,993.78, slightly down from RMB 11,763,487,646.82 at the beginning of the year[16] - The accounts receivable increased to RMB 32,729,481,981.75 from RMB 31,671,089,080.57, reflecting a rise of 3.3%[16] - The company reported a decrease in short-term borrowings to RMB 28,932,402,407.37 from RMB 25,874,955,066.48, indicating a rise of 7.9%[17] Operating Costs - The total operating costs for Q1 2023 were RMB 24,136,695,746.24, down from RMB 26,936,757,247.19 in the previous year, reflecting a reduction of 10.4%[19]