TJT(SZ:002977)2020-04-28 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥2,435,398.23, a decrease of 95.01% compared to ¥48,788,275.86 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥2,449,846.86, representing a decline of 119.44% from a profit of ¥12,603,526.61 in the previous year[8] - The basic earnings per share were -¥0.05, a decrease of 120.83% compared to ¥0.24 in the same period last year[8] - The total comprehensive income for Q1 2020 was negative CNY 2,449,846.86, compared to positive CNY 12,603,526.61 in the same quarter last year, indicating a decline of 119%[36] - The net profit for Q1 2020 was a loss of CNY 2,449,846.86, contrasting with a net profit of CNY 12,603,526.61 in Q1 2019, marking a year-over-year decline of 119%[35] Cash Flow - The net cash flow from operating activities was negative at ¥16,161,844.00, an improvement of 64.18% compared to a negative cash flow of ¥45,123,135.54 in the same period last year[8] - The cash flow from operating activities for Q1 2020 was negative CNY 16,161,844.00, an improvement from negative CNY 45,123,135.54 in the same quarter last year[39] - The company reported a significant increase in cash received from sales, totaling CNY 23,896,492.04 in Q1 2020, compared to CNY 639,800.00 in Q1 2019[38] - Cash inflow from financing activities in Q1 2020 was CNY 495,481,500.00, a substantial increase compared to CNY 6,000,000.00 in Q1 2019[39] - The net cash flow from financing activities amounted to CNY 480,590,000, a significant increase compared to the previous period[40] - The total cash and cash equivalents at the end of the period reached CNY 512,009,695, reflecting a net increase of CNY 462,762,812.50[40] - The cash outflow from financing activities totaled CNY 14,891,500, indicating ongoing investment in growth initiatives[40] Assets and Equity - The total assets at the end of the reporting period were ¥1,026,933,902.03, an increase of 79.84% from ¥571,014,959.47 at the end of the previous year[8] - The net assets attributable to shareholders increased by 126.99% to ¥853,594,435.41 from ¥376,044,282.27 at the end of the previous year[8] - The total assets and equity as of Q1 2020 were CNY 1,026,933,902.03 and CNY 853,594,435.41 respectively, compared to CNY 571,014,959.47 and CNY 376,044,282.27 in the previous year[32] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,479[11] - The largest shareholder, Lou Jiyong, holds 36.01% of the shares, totaling 25,750,000 shares[11] Government Support - The company received government subsidies amounting to ¥47,014.12 during the reporting period[9] Operational Challenges - The company faced delivery delays due to strict pandemic control measures in key areas, impacting revenue recognition for the first quarter[19] - The company relies heavily on two major military clients, with over 80% of revenue derived from them from 2017 to 2019, indicating potential risks to overall performance[19] Compliance and Standards - The company has not engaged in any securities investments, entrusted financial management, or derivative investments during the reporting period[20][21][22] - There are no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[23][24] - The company did not apply new revenue and leasing standards for the first quarter of 2020, as it is not applicable[41] - The first quarter report was not audited, which may affect the reliability of the financial data presented[41] Research and Development - Research and development expenses for Q1 2020 were CNY 1,243,538.12, down from CNY 1,646,406.42 in Q1 2019, reflecting a decrease of approximately 24%[33]