TMMT(SZ:300334)2020-06-08 16:00Financial Performance - Total revenue for Q1 2020 was ¥49,559,598.84, a decrease of 47.04% compared to ¥93,573,459.78 in the same period last year[7]. - Net profit attributable to shareholders was -¥45,891,064.40, representing a decline of 107.78% from -¥22,085,893.54 year-on-year[7]. - Basic and diluted earnings per share were both -¥0.15, a decrease of 114.29% from -¥0.07 in the same period last year[7]. - The company reported a net loss attributable to shareholders of approximately ¥45,891,100.00 for the first quarter[28]. - The net loss for Q1 2020 was ¥46,902,980.02, compared to a net loss of ¥21,192,250.10 in Q1 2019, representing a 121% increase in losses[65]. - The company's gross profit margin decreased significantly, with a gross profit of -¥21,251,978.59 for Q1 2020 compared to a gross profit of ¥32,781,763.21 in Q1 2019[65]. - The total comprehensive loss for Q1 2020 was ¥46,902,980.02, compared to a comprehensive loss of ¥21,192,250.10 in Q1 2019[66]. Cash Flow - Net cash flow from operating activities increased by 304.23% to ¥56,060,159.43, compared to -¥27,450,073.22 in the previous year[7]. - Cash flow from operating activities was ¥95,722,132.99 in Q1 2020, a decrease from ¥198,988,413.25 in the previous year[72]. - The total cash inflow from operating activities was ¥129,492,771.25, while cash outflow was ¥73,432,611.82, resulting in a net cash inflow[73]. - The company reported a net cash outflow from investing activities of ¥5,022,268.95, compared to a net outflow of ¥61,459,382.10 in the previous year[74]. - Cash inflow from financing activities was ¥146,768,884.00, while cash outflow was ¥190,302,944.30, leading to a net cash outflow of ¥43,534,060.30[74]. - The ending balance of cash and cash equivalents was ¥100,738,903.00, an increase from the beginning balance of ¥93,238,396.29[74]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,992,124,955.25, down 1.41% from ¥2,020,568,158.97 at the end of the previous year[7]. - Long-term borrowings increased by 100.67% to ¥150,845,000.00, primarily due to new bank loans received by subsidiaries[25]. - Total liabilities increased from CNY 1,111,780,507.78 to CNY 1,130,240,284.08, an increase of about 1.5%[58]. - Owner's equity decreased from CNY 908,787,651.19 to CNY 861,884,671.17, a decline of approximately 5.2%[59]. - The total amount from the top five suppliers decreased from CNY 19.97 million to CNY 10.16 million[33]. - The total amount from the top five customers decreased from CNY 69.81 million to CNY 34.17 million[33]. Operational Performance - Operating revenue decreased by 47.04% to ¥49,559,598.84 compared to the same period last year, primarily due to the impact of COVID-19 on main business operations and a significant reduction in sales orders for membrane products[16]. - Operating costs decreased by 44.97% to ¥33,456,271.85, attributed to a reduction in orders and corresponding decrease in procurement[17]. - Sales expenses decreased by 57.11% to ¥4,998,251.92, mainly due to reductions in salaries for sales personnel and transportation costs[17]. - Research and development expenses for Q1 2020 were ¥10,742,406.12, a decrease of 27% from ¥14,756,982.05 in the previous year[63]. - The company is focusing on developing new products and optimizing market structure to recover from the impact of the pandemic[33]. Government Support and Subsidies - The company received government subsidies amounting to ¥1,903,134.63 during the reporting period[8]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,100[11]. - The largest shareholder, Tianjin Membrane Engineering Technology Co., Ltd., held 21.19% of the shares, totaling 64,004,465 shares[11]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[12]. Research and Development - The company completed the development of high-efficiency oil-water separation materials and components, which are expected to enhance its membrane technology applications[31]. - The company has developed two types of membrane materials for seawater desalination, aiming for low-cost, high-efficiency, and long-lifespan products[31]. - The company is conducting research on energy-saving integrated pressure membrane filtration equipment, enhancing the performance of its SMF and CMF products[31]. - The company has completed the development of a high-efficiency MBR integrated device for urban black and odorous water treatment, expanding its application market[31]. - The company is preparing for the acceptance of a project focused on near-zero discharge of coal conversion wastewater, enhancing its market competitiveness in this area[31]. - The company is expanding its market presence through the development of new technologies and products in the environmental protection sector[31]. Strategic Changes - The company is in the process of changing its actual controller, planning to introduce a strategic investor to acquire at least 51% of the controlling shareholder's equity[46]. - The company is planning to transfer 52.25% of its stake in the subsidiary Yichun Jinhua to optimize its asset structure and reduce operational risks[42]. - The company has undertaken a guarantee for Gansu Jinqiao Water Technology Group's loan of RMB 54.68 million with a term of 10 to 15 years at an interest rate of 5.15% to 5.44%[40].