TSGF(SZ:002800)2021-04-27 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥278,728,189.83, representing a 42.42% increase compared to ¥195,704,053.28 in the same period last year[8] - Net profit attributable to shareholders was ¥8,149,153.59, a significant increase of 560.81% from a loss of ¥1,768,426.13 in the previous year[8] - The net profit after deducting non-recurring gains and losses was ¥7,979,321.11, up 340.08% from a loss of ¥3,323,664.09 in the same period last year[8] - Basic earnings per share rose to ¥0.1091, compared to a loss of ¥0.0237 in the same period last year, marking a 560.34% increase[8] - The weighted average return on equity improved to 1.66%, up from -0.38% in the previous year[8] - The company reported a net profit forecast for the period from the beginning of the year to the next reporting period of ¥1,400 to ¥1,900 million, indicating a growth of 24.32% to 68.72% compared to the previous year[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥946,813,757.77, a slight increase of 0.45% from ¥942,570,109.64 at the end of the previous year[8] - Net assets attributable to shareholders increased to ¥494,001,517.83, reflecting a growth of 1.67% from ¥485,870,378.10 at the end of the previous year[8] - Total liabilities decreased slightly to CNY 447,633,554.52 from CNY 449,686,986.73, indicating a stable financial position[34] - The total equity attributable to shareholders increased to CNY 494,001,517.83 from CNY 485,870,378.10, showing a growth of approximately 1.4%[34] Cash Flow - The company reported a net cash flow from operating activities of -¥52,139,088.98, which is a decline of 248.41% compared to -¥14,964,773.68 in the same period last year[8] - The net cash flow from operating activities was -¥52.14 million, a significant decline of 248.41% compared to -¥14.96 million in the previous year, driven by increased logistics and procurement payments[16] - Cash inflows from operating activities amounted to CNY 302,866,930.98, up from CNY 194,071,419.19 in the previous period[48] - The total cash outflow from operating activities was 219,737,872.90 CNY, compared to 122,483,056.07 CNY in the previous year, representing an increase of about 79.5%[52] - The net increase in cash and cash equivalents was -1,299,494.36 CNY, compared to -14,309,803.78 CNY in the same period last year, indicating an improvement in cash management[53] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,369[11] - The largest shareholder, Xinjiang Tiensheng Investment Group Co., Ltd., holds 44.99% of the shares, totaling 33,600,000 shares[11] Operating Costs and Expenses - Operating costs amounted to ¥259.23 million, reflecting a 41.78% increase from ¥182.84 million in the previous year, also attributed to higher business volume[16] - Financial expenses decreased by 47.27% to ¥3.49 million from ¥6.61 million, mainly due to a significant reduction in bill discounting expenses[16] - Research and development expenses decreased by 79.26% to ¥94,269.37 from ¥454,595.09, due to a reduction in R&D projects and associated labor costs[16] - The company incurred research and development expenses of CNY 94,269.37, down from CNY 454,595.09 in the previous year[44] Investment Activities - The company established a wholly-owned subsidiary, Hainan Tianyu Aviation Service Co., Ltd., with an investment of ¥10 million to expand its air cargo operations[17] - The company reported a cash outflow from investment activities of -20,000.00 CNY, compared to -14,670,898.00 CNY in the previous year, indicating a significant reduction in investment cash outflow[53] Accounts Receivable - The accounts receivable increased to ¥316.06 million from ¥274.10 million, indicating a growth in credit sales[31] - Accounts receivable increased to CNY 186,583,307.44 from CNY 145,577,962.58, reflecting a growth of approximately 28.2%[34]