TSGF(SZ:002800)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥318,177,959.13, a decrease of 13.77% compared to ¥368,995,894.95 in the same period last year[5] - The net profit attributable to shareholders was ¥601,381.35, down 91.84% from ¥7,369,738.01 year-on-year[5] - The basic earnings per share decreased by 91.89% to ¥0.0055 from ¥0.0678 in the same period last year[5] - Net profit for Q1 2023 was CNY 4,977,091.99, a decline of 48.3% from CNY 9,616,340.36 in Q1 2022[23] - Total operating revenue for Q1 2023 was CNY 318,177,959.13, a decrease of 13.8% compared to CNY 368,995,894.95 in Q1 2022[21] - Total operating costs for Q1 2023 were CNY 312,572,043.16, down 12.4% from CNY 356,926,827.65 in the same period last year[21] Cash Flow - The net cash flow from operating activities was -¥52,636,036.69, representing a decline of 17.43% compared to -¥44,823,955.54 in the previous year[5] - The net cash flow from financing activities was -¥88,820,359.06, a significant decrease of 235.18% compared to ¥65,707,679.69 in the previous year[9] - The total cash inflow from financing activities was 99,440,000.00 CNY, down from 147,350,000.00 CNY in the previous period[26] - The cash outflow for repaying debts increased significantly to 174,750,000.00 CNY from 78,000,000.00 CNY in the previous period[26] - The net cash flow from investing activities was -419,604.38 CNY, compared to -22,532,603.08 CNY in the previous period, showing a reduction in cash outflow[26] - The company reported a total cash outflow from operating activities of 456,393,844.21 CNY, compared to 496,470,898.12 CNY in the previous period[25] - The cash inflow from operating activities totaled 403,757,807.52 CNY, down from 451,646,942.58 CNY in the previous period[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,026,841,387.24, down 7.37% from ¥1,108,555,683.51 at the end of the previous year[5] - Accounts receivable stood at CNY 276,722,887.06, down from CNY 290,077,894.78, indicating a decrease of about 4.5%[18] - The company's total assets decreased to CNY 1,026,841,387.24 in Q1 2023 from CNY 1,108,555,683.51 in Q1 2022, reflecting a reduction of 7.4%[20] - Total liabilities decreased to CNY 446,599,821.06 in Q1 2023 from CNY 533,291,209.32 in Q1 2022, a decline of 16.3%[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,778[11] - The company’s major shareholder, Zhoushan Tianshun Equity Investment Co., Ltd., planned to reduce its stake by up to 5,437,800 shares, which is 5% of the total share capital, but this plan was ultimately terminated[15] Strategic Decisions - The company decided to terminate the acquisition of a 56.3486% stake in Zhongzhi Energy Xinjiang Investment Co., Ltd., citing market conditions and careful consideration[13] - The company signed a logistics service agreement with Zhongzhi Energy Shanshan Industrial Park Coal Storage and Transportation Co., Ltd., indicating a strategic move to enhance logistics capabilities[14] Other Financial Metrics - The company's cash and cash equivalents decreased by 46.07% to ¥163,770,114.92 due to increased procurement payments and bank loan repayments[9] - The company's cash and cash equivalents decreased to CNY 163,770,114.92 from CNY 303,666,956.93 at the beginning of the year, representing a decline of approximately 46.0%[18] - The company's inventory as of March 31, 2023, was CNY 61,698,121.43, slightly up from CNY 61,093,744.82 at the beginning of the year[18] - Other receivables increased to CNY 62,873,888.05 from CNY 53,639,582.24, marking an increase of approximately 17.0%[18] - The company reported a decrease in financial expenses to CNY 3,483,992.58 in Q1 2023 from CNY 4,223,963.43 in Q1 2022[23] - Long-term equity investments increased to CNY 18,125,058.90 in Q1 2023 from CNY 17,830,695.79 in Q1 2022[20] - The company reported a total of CNY 37,003,689.16 in non-operating fund occupation, which included CNY 649,776.96 in interest expenses[16]