TQCC(SZ:002523)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥216,197,376.75, representing a 9.33% increase compared to ¥197,741,336.93 in the same period last year[4] - The net profit attributable to shareholders was ¥7,368,092.88, a 1.76% increase from ¥7,240,556.91 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥4,968,855.97, a significant increase of 220.64% from a loss of ¥4,118,605.95 in the previous year[4] - Net profit for Q1 2022 was CNY 5,666,982.55, compared to CNY 5,328,546.42 in Q1 2021, reflecting a growth of 6.4%[20] - Operating profit for Q1 2022 was CNY 8,870,949.93, a rise of 57.5% from CNY 5,651,280.54 in Q1 2021[20] - The total comprehensive income for Q1 2022 was CNY -44,768,399.64, compared to CNY 5,099,046.42 in Q1 2021, indicating a decline[21] Cash Flow - The net cash flow from operating activities improved to -¥117,598,039.07, a 35.34% reduction in loss compared to -¥181,882,246.52 in the same period last year[4] - The net cash flow from investing activities was ¥19,087,972.10, a turnaround from -¥49,988,468.36 in the same period last year, indicating improved cash management[10] - The net cash flow from financing activities increased dramatically by 5879.92% to ¥69,984,012.88, reflecting a significant increase in new borrowings compared to the previous year[10] - Cash flow from operating activities showed a net outflow of CNY 117,598,039.07, an improvement from a net outflow of CNY 181,882,246.52 in the same period last year[22] - Cash and cash equivalents at the end of Q1 2022 were CNY 231,337,996.94, compared to CNY 83,138,839.87 at the end of Q1 2021[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,355,090,584.59, down 1.78% from ¥4,433,851,214.25 at the end of the previous year[4] - Current assets totaled CNY 3,155,636,336.38, a decrease from CNY 3,167,200,858.70 at the start of the year[15] - The company's cash and cash equivalents were CNY 335,880,607.17, down from CNY 360,944,121.49 at the beginning of the year[15] - Accounts receivable decreased to CNY 1,155,839,763.82 from CNY 1,244,066,565.18, indicating a reduction of approximately 7.1%[15] - Inventory increased to CNY 654,901,627.46 from CNY 534,006,015.15, reflecting a growth of about 22.6%[15] - Total liabilities were CNY 1,897,875,417.27, down from CNY 1,944,027,949.91 at the beginning of the year[17] Shareholder Equity - The equity attributable to shareholders decreased by 1.39% to ¥2,329,727,498.66 from ¥2,362,535,012.20 at the end of the previous year[4] - The equity attributable to shareholders of the parent company was CNY 2,329,727,498.66, a decrease from CNY 2,362,535,012.20[17] Expenses - The company reported a significant increase in financial expenses, which rose by 50.89% to ¥4,479,499.81 due to increased loan interest expenses[10] - Total operating costs for Q1 2022 were CNY 234,769,824.19, an increase of 8.5% from CNY 217,264,125.34 in Q1 2021[20] - Research and development expenses increased to CNY 15,328,860.78, up 33.5% from CNY 11,530,074.47 in the previous year[20] - The company reported a significant increase in financial expenses, with interest expenses rising to CNY 5,421,976.63 from CNY 2,787,136.77 in the previous year[20] Shareholder Information - The number of major shareholders includes 株洲市国有资产投资控股集团 with a 24.08% stake, followed by 中车产业投资有限公司 with 5.00%[13]