TGC(SZ:300265)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 546,400,249.95, representing a 34.27% increase compared to CNY 406,935,470.44 in the same period last year[5] - Net profit attributable to shareholders reached CNY 28,913,941.19, a significant increase of 106.48% from CNY 14,003,176.71 year-on-year[5] - The net profit after deducting non-recurring gains and losses was CNY 25,894,990.13, up 671.42% from CNY 3,356,786.86 in the previous year[5] - The basic and diluted earnings per share both increased to CNY 0.08, doubling from CNY 0.04 in the same quarter last year[5] - The total profit for the period was CNY 33,933,187.52, reflecting a 53.21% increase from CNY 22,148,715.85 year-on-year[9] - The net profit for Q1 2023 was CNY 30,637,703.76, a 92.9% increase compared to CNY 15,889,855.22 in Q1 2022[22] - The operating profit for Q1 2023 was CNY 33,340,295.85, compared to CNY 22,142,895.99 in Q1 2022, reflecting a growth of 50.5%[22] - The total revenue from operating activities was CNY 507,995,979.29, up 51.7% from CNY 334,882,718.68 in the same period last year[24] Assets and Liabilities - The company's total assets at the end of Q1 2023 were CNY 2,845,581,907.87, a slight increase of 0.67% from CNY 2,826,595,575.00 at the end of the previous year[5] - The company's total liabilities decreased to ¥1,382,779,855.76 from ¥1,395,515,933.05, indicating a reduction of 0.95%[19] - Current assets totaled ¥1,928,489,221.48, slightly up from ¥1,914,798,833.37 at the start of the year[18] - The cash and cash equivalents decreased to ¥269,582,899.38 from ¥363,686,691.45, a decline of 26.0%[18] - Inventory levels increased to ¥293,595,075.26 from ¥267,606,818.87, representing a rise of 9.7%[18] Cash Flow - The net cash flow from operating activities improved to -CNY 61,736,187.95, a 33.08% reduction in outflow compared to -CNY 92,255,778.85 in the same period last year[5] - The cash flow from operating activities showed a net outflow of CNY 61,736,187.95, an improvement from the outflow of CNY 92,255,778.85 in the previous year[24] - The cash flow from financing activities generated a net inflow of CNY 37,004,937.38, compared to a net outflow of CNY 8,508,561.50 in Q1 2022[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 29,637[11] - The largest shareholder, Tongguang Group Co., Ltd., holds 50.09% of the shares, totaling 182,830,000 shares[11] - Zhang Zhong, the second-largest shareholder, holds 5.69% with 20,766,100 shares, of which 10,000,000 shares are pledged[11] - The company has a total of 10 major shareholders, with the top 10 holding a significant portion of the shares[11] - The total number of restricted shares at the end of the period is 333,937, with 11,438 shares released during the period[13] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 2,149,103.70, which are closely related to its normal business operations[6] - The company reported a significant increase in other income, which rose to CNY 593,049.63, up 1280.80% from CNY 42,949.60 in the previous year[9] Legal Matters - The company is involved in ongoing litigation related to a contract dispute, with the case still under review[15][16] - The company’s subsidiary, Jiangsu Tongguang Information Co., Ltd., is involved in a legal dispute with Stedrett, with the latest court decision being in favor of Tongguang[15][16] Future Plans - The company plans to raise up to 780 million RMB through a private placement of A-shares for high-end marine equipment energy system projects and working capital[14] - The company has received approval from the China Securities Regulatory Commission for the issuance of shares to specific investors[14] Research and Development - The company reported R&D expenses of ¥17,271,693.59 for Q1 2023, a slight decrease from ¥18,304,738.54 in Q1 2022[20]