TPC(SZ:002134)2020-04-28 16:00Revenue and Profit - Revenue for Q1 2020 was ¥92,771,632.54, a decrease of 14.19% compared to ¥108,114,120.95 in the same period last year[9] - Net profit attributable to shareholders increased by 73.60% to ¥765,132.00 from ¥440,733.82 year-on-year[9] - Basic earnings per share rose by 72.22% to ¥0.0031 from ¥0.0018 in the same period last year[9] - The company reported a significant decline in net profit after deducting non-recurring gains and losses, which was -¥454,313.76 compared to ¥17,229.68 in the previous year, a decrease of 2,736.81%[9] - The company reported a net loss of CNY 176,832,748.28, slightly improved from a loss of CNY 177,597,880.28 in the previous period[38] - The operating profit for the current period is CNY 733,672.77, up from CNY 318,169.82, indicating a significant improvement[44] Cash Flow and Liquidity - Net cash flow from operating activities improved significantly to ¥25,909,490.43, a 1,456.82% increase from -¥1,909,579.79 in the previous year[9] - Cash and cash equivalents increased by 31.45% to ¥114,185,022.35 from ¥86,868,348.38 due to the maturity of certain bank acceptance bills[17] - Operating cash flow improved significantly, with a net inflow of ¥25,909,490.43 compared to a net outflow of ¥1,909,579.79, representing an increase of 1456.82%[17] - The company received CNY 116,857,372.81 in cash from operating activities, compared to CNY 91,801,483.71 in the previous period[48] - The cash inflow from operating activities was 116,857,372.81, compared to 91,801,483.71 in the previous period, indicating growth in cash receipts from operations[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥586,201,898.46, an increase of 0.78% from ¥581,675,491.99 at the end of the previous year[9] - Total liabilities increased to CNY 194,015,129.62 from CNY 190,253,855.15[38] - Current assets totaled CNY 321,580,252.25, an increase from CNY 312,423,981.05 in the previous period[36] - Total non-current assets decreased to CNY 264,870,805.68 from CNY 269,500,670.41[37] - The total assets of the company were reported at 581,675,491.99, with total liabilities at 190,067,452.80, indicating a healthy asset-to-liability ratio[56] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,917[13] - The top two shareholders, Tianjin Zhonghuan Electronic Information Group Co., Ltd. and Tianjin Jinrong Investment Service Group Co., Ltd., held 25.35% and 20.44% of shares, respectively[13] - Shareholders' equity totaled CNY 392,435,928.31, compared to CNY 391,670,796.31 in the previous period[38] Expenses and Costs - Total operating costs amounted to CNY 92,858,778.49, slightly higher than the previous period's CNY 108,027,434.42[40] - Management expenses decreased by 52.78% to ¥3,548,592.30 from ¥7,515,323.48 due to reduced intermediary and facility maintenance costs[17] - Research and development expenses for the current period are CNY 3,506,043.38, slightly higher than CNY 3,324,870.69 in the previous period[44] Other Financial Metrics - Non-recurring gains and losses totaled ¥1,219,445.76, including government subsidies of ¥985,654.67[10] - Other income increased by 200.96% to ¥985,654.67 from ¥327,499.98, driven by an increase in government subsidies[17] - The company recorded other income of CNY 985,654.67, significantly higher than CNY 327,499.98 in the previous period[44] - The financial expenses for the current period show a net income of CNY -407,678.19, a notable improvement from CNY 2,077,989.92 in the previous period[44] Accounting Standards and Reforms - The company adopted new revenue recognition standards effective January 1, 2020, leading to a reclassification of "prepayments" to "contract liabilities"[58] - The company has implemented new accounting standards starting from January 1, 2020, which may affect future financial reporting and performance metrics[56] - The company is closely monitoring the mixed-ownership reform of its controlling shareholder, which may lead to a significant change in the ownership structure[18] Miscellaneous - The first quarter report for 2020 was not audited[61] - The chairman of the company is Zhang Taijin, and the report was released on April 28, 2020[62]