TQCC(SZ:002523)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥210,873,110.62, a decrease of 2.46% compared to ¥216,197,376.75 in the same period last year[4]. - Net profit attributable to shareholders was ¥4,809,985.61, down 34.72% from ¥7,368,092.88 year-on-year[4]. - Basic and diluted earnings per share decreased by 40.00% to ¥0.003 from ¥0.005 in the same period last year[4]. - The net profit for Q1 2023 was CNY 1,779,918.34, a decrease from CNY 5,666,982.55 in Q1 2022, representing a decline of approximately 68.7%[21]. - Operating profit for Q1 2023 was CNY 595,531.99, down from CNY 8,870,949.93 in the same period last year, indicating a decrease of about 93.3%[21]. - Total revenue from sales of goods and services in Q1 2023 was CNY 332,236,116.38, compared to CNY 310,686,961.36 in Q1 2022, reflecting an increase of approximately 6.9%[22]. - The company reported a total comprehensive income of -CNY 23,880,596.85 for Q1 2023, compared to -CNY 44,768,399.64 in Q1 2022, showing an improvement of about 46.7%[22]. Cash Flow and Investments - The net cash flow from operating activities improved to -¥68,538,781.20, a 41.72% increase from -¥117,598,039.07 in the previous year[4]. - The net cash flow from operating activities for Q1 2023 was -CNY 68,538,781.20, an improvement from -CNY 117,598,039.07 in Q1 2022[22]. - The company generated CNY 162,662,643.61 in cash inflows from investing activities in Q1 2023, compared to CNY 120,905,027.59 in Q1 2022, representing an increase of approximately 34.6%[23]. - The cash flow from investment activities surged by 729.93% to ¥158,416,899.96 from ¥19,087,972.10 year-on-year, primarily due to the redemption of certain financial products[9]. - The net cash flow from financing activities for Q1 2023 was CNY 75,345,826.40, compared to CNY 69,984,012.88 in Q1 2022, indicating an increase of about 7.8%[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,084,894,973.52, a decrease of 1.70% from ¥4,155,616,778.58 at the end of the previous year[4]. - Total assets as of March 31, 2023, were RMB 4,084,894,973.52, down from RMB 4,155,616,778.58 at the beginning of the year, a decrease of 1.7%[18]. - Total liabilities decreased to RMB 1,667,888,584.22 from RMB 1,717,013,924.95, a reduction of 2.9%[18]. - The company's long-term borrowings increased by 61.74% to ¥130,980,000.00 from ¥80,980,000.00 at the beginning of the period[7]. - Total equity attributable to shareholders decreased by 0.88% to ¥2,294,524,073.00 from ¥2,314,940,470.07 at the end of the previous year[4]. Operational Efficiency - The company is focusing on improving operational efficiency and reducing costs in response to the revenue decline[20]. - Research and development expenses for Q1 2023 were RMB 12,718,338.55, down from RMB 15,328,860.78, a decrease of 17.1%[20]. - The company reported a significant reduction in financial expenses by 76.23%, amounting to ¥1,064,937.37 compared to ¥4,479,499.81 in the previous year[7]. Inventory and Receivables - Accounts receivable decreased to RMB 1,076,028,825.07 from RMB 1,122,041,089.45, a decline of 4.1%[15]. - Inventory increased to RMB 741,714,476.10 from RMB 694,528,994.83, marking a rise of 6.8%[15]. - Total operating costs for Q1 2023 were RMB 225,117,710.47, down from RMB 234,769,824.19, reflecting a reduction of 4.1%[20]. Shareholder Returns - The weighted average return on equity was 0.21%, down from 0.31% in the same period last year[4]. - Basic and diluted earnings per share for Q1 2023 were both CNY 0.003, unchanged from Q1 2022[23].