TQCC(SZ:002523)2019-04-26 16:00Financial Performance - The company's operating revenue for Q1 2019 was CNY 223,588,152.48, representing a 37.12% increase compared to CNY 163,058,885.91 in the same period last year[8]. - Net profit attributable to shareholders was CNY 16,305,393.83, up 10.51% from CNY 14,755,075.55 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was CNY 13,402,973.16, reflecting a 12.10% increase from CNY 11,956,660.90 in the previous year[8]. - The company reported a total comprehensive income of CNY 23,581,706.01 for Q1 2019, compared to CNY 15,304,688.55 in Q1 2018, indicating a growth of 54.0%[41]. - The net profit for Q1 2019 was CNY 20,643,361.05, an increase of 15.4% compared to CNY 17,902,173.89 in the same period last year[44]. - Total comprehensive income for Q1 2019 reached CNY 29,335,673.55, up 55.5% from CNY 18,848,861.39 in Q1 2018[45]. Cash Flow - The net cash flow from operating activities improved significantly to -CNY 18,937,257.66, a reduction of 86.12% from -CNY 136,427,141.37 in the same period last year[8]. - Cash inflow from operating activities totaled CNY 532,367,314.85, significantly higher than CNY 186,522,274.58 in the previous year, marking an increase of 185.5%[48]. - The net cash flow from operating activities was negative at CNY -18,937,257.66, an improvement from CNY -136,427,141.37 in Q1 2018[48]. - Cash inflow from investment activities was CNY 322,971,485.48, compared to CNY 221,683,348.71 in the previous year, reflecting a growth of 45.7%[48]. - The net cash flow from investment activities was negative at CNY -45,393,474.05, worsening from CNY -25,598,842.94 in Q1 2018[49]. - Cash inflow from financing activities amounted to CNY 172,690,000.00, an increase from CNY 123,500,000.00 in the same period last year[49]. - The net cash flow from financing activities improved to CNY 87,093,770.65, compared to CNY 6,263,392.47 in Q1 2018[49]. - The ending cash and cash equivalents balance was CNY 228,838,243.22, up from CNY 50,311,563.33 at the end of Q1 2018[49]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,568,191,754.49, a decrease of 1.16% from CNY 3,610,058,988.14 at the end of the previous year[8]. - Total current assets decreased to CNY 2,603,987,448.70 from CNY 2,657,655,033.82, a decline of approximately 2.0%[30]. - Total liabilities decreased to CNY 1,360,718,830.05 from CNY 1,427,198,627.07, a decrease of about 4.7%[31]. - The company's total liabilities as of Q1 2019 amounted to CNY 660,954,575.35, compared to CNY 647,718,401.08 in the previous year, reflecting a growth of 2.5%[37]. - The total equity attributable to shareholders was CNY 2,081,449,725.98, with total equity amounting to CNY 2,182,860,361.07[57]. Shareholder Information - The company reported a total of 34,022 common shareholders at the end of the reporting period[12]. - The largest shareholder, Zhuzhou State-owned Assets Investment Holding Group Co., Ltd., held 29.05% of the shares, totaling 411,484,638 shares[12]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[13]. Research and Development - Research and development expenses increased by 71.71% to CNY 10,927,496.95, up from CNY 6,363,936.80, indicating a significant investment in innovation[16]. - Research and development expenses for Q1 2019 were CNY 10,927,496.95, which is a significant increase of 71.5% compared to CNY 6,363,936.80 in the same period last year[38]. Other Financial Metrics - The weighted average return on net assets was 0.78%, up from 0.71% in the previous year[8]. - The basic and diluted earnings per share for Q1 2019 remained at CNY 0.01, consistent with the previous year[41]. - The company reported a basic earnings per share of CNY 0.12 for Q1 2019, compared to CNY 0.10 in the same period last year[45].