TQCC(SZ:002523)2019-10-30 16:00Financial Performance - Operating revenue for the reporting period was CNY 328,440,640.90, down 3.51% year-on-year[8] - Net profit attributable to shareholders was CNY 17,005,819.84, a significant decline of 50.03% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 13,597,440.01, down 56.50% year-on-year[8] - Basic earnings per share were CNY 0.01, a decrease of 50.00% year-on-year[8] - Total operating revenue decreased to ¥328,440,640.90 from ¥340,405,058.16, representing a decline of approximately 4.3% year-over-year[40] - Net profit decreased to ¥18,595,541.17 from ¥34,196,251.85, a decline of approximately 45.5% year-over-year[41] - Operating profit fell to ¥20,134,820.08 from ¥40,026,983.20, a decrease of around 49.8% year-over-year[41] - Total comprehensive income amounted to ¥23,386,353.67, compared to a loss of ¥13,109,435.65 in the previous period[42] Cash Flow - The net cash flow from operating activities was CNY 114,799,478.82, an increase of 1,467.51% compared to the same period last year[8] - Operating cash flow net increased by 1,467.51% year-on-year, mainly due to a greater increase in cash received compared to cash paid out[17] - The cash flow from operating activities was CNY 989,500,839.72, significantly higher than CNY 628,535,961.44 in the previous year[54] - The net cash flow from operating activities was ¥87,731,760.92, a significant improvement compared to a net outflow of ¥208,297,174.50 in the same period last year, indicating a turnaround in operational efficiency[55] - The total cash inflow from operating activities was ¥395,102,796.24, compared to ¥240,640,422.69 in the previous year, reflecting improved operational cash generation[57] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,501,562,699.65, a decrease of 3.01% compared to the end of the previous year[8] - Total assets decreased from CNY 3,610,058,988.14 to CNY 3,501,562,699.65, a decline of approximately 3.02%[31] - Current liabilities decreased from CNY 1,396,135,005.61 to CNY 1,283,210,699.96, a reduction of about 8.09%[32] - The total liabilities decreased from CNY 1,427,198,627.07 to CNY 1,316,378,689.54, a decline of about 7.76%[32] - The company's inventory decreased from CNY 236,350,723.22 to CNY 184,631,085.62, a reduction of approximately 21.91%[35] - The company's cash and cash equivalents increased from CNY 89,630,373.83 to CNY 112,140,218.16, representing a growth of approximately 25.06%[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 32,804[12] - The largest shareholder, Zhuzhou State-owned Assets Investment Holding Group Co., Ltd., held 29.05% of the shares[12] Research and Development - Research and development expenses increased by 32.37% year-on-year, reflecting the company's increased investment in R&D[16] - The company's R&D expenses rose to CNY 37,161,234.01, an increase of 32.4% compared to CNY 28,073,629.36 in the previous year[48] Government Support - The company received government subsidies amounting to CNY 6,899,720.65 during the reporting period[9] - Deferred income increased by 48.57% compared to the beginning of the year, primarily due to an increase in government subsidy projects received[16] Other Financial Metrics - The weighted average return on net assets was 0.80%, down 0.82% compared to the previous year[8] - Other income increased by 55.22% year-on-year, mainly due to an increase in software tax refunds received[16] - The company reported a significant increase in financial expenses, with interest expenses rising to ¥2,680,741.74 from ¥3,229,151.69[40] - The company has not reported any significant progress on the bankruptcy liquidation application for a subsidiary as of the report date[18]