TST(SZ:002337)2022-04-28 16:00Financial Performance - The company's revenue for Q1 2022 was ¥51,615,684.30, a decrease of 76.23% compared to ¥217,121,599.29 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥7,385,239.82, worsening by 55.29% from a loss of ¥4,755,845.89 year-on-year[3] - Total operating revenue for Q1 2022 was CNY 51,817,036.91, a decrease from CNY 217,328,517.10 in the previous period[20] - Net loss for Q1 2022 was CNY 4,653,472.57, an improvement from a net loss of CNY 6,676,814.72 in the previous period[22] - Operating profit for the period was CNY -6,345,279.20, slightly better than CNY -7,146,113.29 in the previous period[21] Cash Flow - The net cash flow from operating activities was ¥83,078,275.82, an increase of 267.12% compared to a negative cash flow of ¥49,711,045.47 in the previous year[3] - The net cash flow from operating activities for Q1 2022 was ¥83,078,275.82, a significant improvement compared to a net cash outflow of ¥49,711,045.47 in Q1 2021[25] - Total cash inflow from investment activities was ¥71,418,841.09, while cash outflow was ¥194,542,051.31, resulting in a net cash flow from investment activities of -¥123,123,210.22[25] - The cash flow from financing activities showed a net outflow of -¥3,775,727.08, compared to a net inflow of ¥24,383.45 in the previous year[26] - The company received cash from operating activities totaling ¥263,947,139.54, while cash outflows amounted to ¥180,868,863.72, indicating a healthy operational cash generation[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,614,639,845.18, reflecting a 1.47% increase from ¥1,591,207,374.58 at the end of the previous year[3] - Total current assets increased from RMB 1,268,195,930.85 to RMB 1,328,264,610.68, marking a growth of about 4.7%[16] - Total liabilities increased from RMB 384,047,974.18 to RMB 412,384,806.73, reflecting a rise of about 7.4%[17] - The total liabilities amounted to CNY 416,529,150.95, an increase from CNY 388,443,207.78 in the previous period[21] - The company reported a significant decrease in accounts receivable from RMB 271,612,083.59 to RMB 224,873,897.60, a decline of approximately 17.2%[16] Operational Challenges - The company faced operational challenges due to the pandemic, resulting in decreased production capacity and delayed product shipments, which negatively impacted performance during the reporting period[12] - The company is optimistic about a gradual recovery in performance as the pandemic situation stabilizes[12] Investments and Expenses - The company recorded an investment income of ¥1,894,841.42, a 233.02% increase compared to ¥568,980.18 in the previous year, mainly due to debt restructuring[8] - Research and development expenses were CNY 10,213,076.73, down from CNY 13,858,773.04 in the previous period[21] - Sales expenses decreased to CNY 8,295,352.88 from CNY 10,378,182.70 in the previous period[21] - Management expenses were CNY 12,430,090.10, reduced from CNY 14,020,484.41 in the previous period[21] Shareholder Information - The company had a total of 56,074 common shareholders at the end of the reporting period[10] Government Support - The company received government subsidies amounting to ¥3,008,100.73 during the reporting period[5] Other Financial Metrics - The company reported a loss of ¥2,541,043.23 from changes in the fair value of trading financial assets, marking a 100% decrease from the previous period[8] - The company experienced a negative impact of -¥495,576.17 from foreign exchange fluctuations on cash and cash equivalents[26] - The company paid ¥47,152,192.04 in employee compensation, which increased from ¥43,183,902.56 in Q1 2021[25] - The company did not conduct an audit for the Q1 2022 report[27]