TAT(SZ:002433)2019-04-26 16:00Revenue and Profit - Revenue for Q1 2019 was CNY 804,364,222.10, an increase of 18.25% compared to CNY 680,230,130.20 in the same period last year[8] - Net profit attributable to shareholders decreased by 35.92% to CNY 35,673,701.72 from CNY 55,670,207.32 year-on-year[8] - Operating income increased by CNY 1,331,943.89, a growth of 829.27%, mainly due to increased government grants and subsidies received during the reporting period[16] - Net profit attributable to shareholders of the parent company decreased by CNY 19,996,505.60, a decline of 35.92%, primarily due to increased financial expenses during the reporting period[17] - Net profit for the quarter was ¥40,899,274.52, a decrease of 29.6% from ¥58,118,203.69 in the same period last year[40] - Earnings per share (EPS) for the quarter was ¥0.05, down from ¥0.07 in the previous year[41] Cash Flow and Liquidity - Net cash flow from operating activities improved significantly, reaching CNY 7,301,257.28, a 116.72% increase from a negative CNY 43,663,536.10 in the previous year[8] - Cash flow from operating activities increased by CNY 7,301,257.28, a growth of 116.72%, due to increased cash receipts from sales and reduced tax payments[18] - The cash inflow from operating activities amounted to ¥967,602,352.61, an increase of 17.8% compared to ¥821,354,058.17 in the previous period[48] - The net cash flow from operating activities was ¥7,301,257.28, a significant improvement from a net outflow of ¥43,663,536.10 in the previous period[48] - The cash and cash equivalents decreased by ¥159,663,784.22, compared to a decrease of ¥16,612,350.41 in the previous period[49] - The total cash and cash equivalents at the end of the period stood at ¥53,198,888.02, down from ¥104,713,667.68[53] Assets and Liabilities - Total assets increased by 1.25% to CNY 8,783,445,944.84 from CNY 8,675,109,256.08 at the end of the previous year[8] - Current liabilities decreased to CNY 2,161,323,160.48 from CNY 2,246,946,052.42, a reduction of about 3.81%[31] - Non-current liabilities rose to CNY 1,263,999,818.53 from CNY 1,109,533,940.78, an increase of approximately 13.88%[31] - Total liabilities increased to CNY 3,425,322,979.01 from CNY 3,356,479,993.20, marking a growth of about 2.06%[31] - Owner's equity totaled CNY 5,358,122,965.83, up from CNY 5,318,629,262.88, indicating an increase of approximately 0.74%[32] Expenses and Financial Performance - Financial expenses rose by 43.15%, increasing by CNY 11,033,057.21, mainly due to higher borrowing costs[15] - Research and development expenses were ¥3,794,359.46, a decrease of 24.1% compared to ¥4,991,068.45 in the previous year[38] - The company reported a decrease in financial expenses to ¥36,601,827.79 from ¥25,568,770.58, primarily due to increased interest expenses[38] Other Income and Comprehensive Income - The company received government subsidies amounting to CNY 3,297,434.69 during the reporting period[9] - Other comprehensive income after tax attributable to shareholders of the parent company increased by CNY 1,184,731.45, a growth of 45.53%, mainly due to foreign currency translation differences[18] - Other income for the quarter was ¥2,200,434.71, significantly higher than ¥647,749.69 in the previous period[38] Changes in Working Capital - The company's cash and cash equivalents decreased by 33.92%, down CNY 136,113,443.70, primarily due to increased prepayments[14] - Accounts receivable notes decreased by 36.34%, down CNY 37,279,361.31, due to increased maturity and discounting[14] - Prepayments increased by 52.85%, up CNY 111,626,499.07, attributed to higher advance payments for goods and equipment[14] - Accounts receivable decreased to CNY 163,225,612.77 from CNY 213,315,545.88, a drop of approximately 23.5%[34] - Inventory increased slightly to CNY 396,206,764.04 from CNY 390,874,006.82, reflecting a growth of about 1.34%[34]