TLGD(SZ:300029)2020-04-28 16:00Financial Performance - Total revenue for Q1 2020 was ¥554,405.16, a decrease of 88.73% compared to ¥4,918,288.87 in the same period last year[9] - Net profit attributable to shareholders was -¥3,083,894.33, showing a slight improvement of 1.00% from -¥3,115,100.11 year-on-year[9] - Net profit excluding non-recurring items was -¥3,101,612.43, which is a 30.37% improvement from -¥4,454,147.57 in the previous year[9] - The company reported a net loss attributable to the parent company of ¥308.39 million, which is a slight increase in loss of 1% compared to the previous year[18] - Operating profit for Q1 2020 was CNY -3,083,894.33, slightly improved from CNY -3,056,865.86 in the same period last year[39] - Total comprehensive income for Q1 2020 was CNY -3,083,894.33, compared to CNY -3,056,675.86 in the same period last year[40] Cash Flow and Liquidity - Net cash flow from operating activities was -¥1,448,087.91, an improvement of 71.45% compared to -¥5,071,644.83 in the same period last year[9] - The company experienced a cash outflow from operating activities of ¥2,736,380.40, a reduction of 79.73% compared to the previous year, primarily due to lower payments for goods and employee compensation[16] - The net cash increase in cash and cash equivalents was -¥1,454,532.76, representing a 455.93% decline year-over-year, largely due to the absence of cash from the disposal of fixed assets[16] - The company has implemented measures to improve cash flow by increasing sales efforts and monitoring cash and cash equivalents closely[20] - The company reported a total operating cash inflow of 2,769,940.15 yuan, down from 6,398,886.61 yuan in the previous period[50] - The total cash outflow from operating activities was 2,735,681.36 yuan, compared to 11,182,876.56 yuan in the previous period, showing a significant reduction[50] Assets and Liabilities - Total assets at the end of the reporting period were ¥94,178,096.75, a decrease of 3.22% from ¥97,306,531.79 at the end of the previous year[9] - Current assets decreased from CNY 14,016,810.20 to CNY 12,615,335.31, a reduction of about 10.0%[29] - Total liabilities slightly decreased from CNY 53,683,956.42 to CNY 53,639,415.71, a change of about 0.1%[31] - The total equity attributable to shareholders decreased from CNY 43,622,575.37 to CNY 40,538,681.04, a decline of approximately 7.0%[32] - The company reported a negative retained earnings of approximately -1.01 billion, indicating accumulated losses[57] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,727[12] - The largest shareholder, Changzhou Noah Technology Co., Ltd., holds 21.89% of the shares, amounting to 43,788,606 shares[12] Operating Costs and Expenses - Operating costs also decreased to ¥982,605.52, down 74.11% year-over-year, reflecting the lack of sales costs associated with single crystal furnaces[16] - Management expenses were reduced by 50.73% to ¥2,879,988.34, attributed to lower wages, social security, and work stoppage losses compared to the previous year[16] - Research and development expenses fell by 61.20% to ¥176,240.07, indicating a decrease in R&D materials and personnel costs[16] - Other income for Q1 2020 was CNY 17,718.10, down from CNY 73,316.41 in the previous year[42] Risks and Future Outlook - The company is facing liquidity risks due to potential obligations arising from a court ruling related to a joint venture, with a maximum liability estimated at ¥39.74 million[22] - The management believes that the foreign exchange risk is not significant due to the small proportion of foreign currency assets and liabilities relative to total assets[19] - The company has not yet audited its first-quarter report for 2020, indicating potential for adjustments in future reports[58] - The company has implemented new revenue and lease standards starting in 2020, which may affect future financial reporting[58]