THD(SZ:300397)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥80,774,720.20, a decrease of 13.71% compared to ¥93,603,957.25 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥21,779,680.91, representing a decline of 202.63% from a loss of ¥7,196,880.40 in the previous year[5] - The total operating costs increased to CNY 114,546,008.80, up 2.3% from CNY 112,237,934.65 year-on-year[31] - The net loss for Q1 2023 was CNY 26,277,237.31, compared to a net loss of CNY 10,603,878.99 in Q1 2022, representing an increase in loss of 147.5%[32] - The weighted average return on net assets was -1.19%, down from -0.50% in the same period last year, indicating a worsening financial performance[5] - The company reported a basic and diluted earnings per share of -0.04, compared to -0.01 in the same quarter last year[32] Cash Flow - The net cash flow from operating activities improved by 34.02%, with a net outflow of ¥30,402,008.79 compared to ¥46,080,603.52 in the same period last year[5] - Cash inflow from operating activities totaled $139,924,430.35, an increase from $130,999,557.60 in the previous period[34] - Net cash outflow from operating activities was $30,402,008.79, improving from a net outflow of $46,080,603.52 in the previous period[34] - Cash inflow from investment activities was $250,634,381.29, up from $228,368,422.28 in the previous period[34] - Net cash outflow from investment activities was $57,182,678.64, an improvement from a net outflow of $151,346,233.89 in the previous period[34] - Cash inflow from financing activities amounted to $61,782,830.22, down from $84,385,015.01 in the previous period[35] - Net cash flow from financing activities was $49,442,155.07, decreasing from $71,306,949.86 in the previous period[35] - The ending cash and cash equivalents balance was $313,777,829.27, down from $507,126,520.90 in the previous period[35] Assets and Liabilities - The total assets at the end of Q1 2023 were ¥2,578,334,176.95, reflecting a slight increase of 0.78% from ¥2,558,311,835.47 at the end of the previous year[5] - Non-current liabilities increased to CNY 391,450,438.36 from CNY 316,966,753.97, reflecting a rise of 23.4%[30] - The total equity attributable to shareholders of the parent company decreased to CNY 1,813,468,615.36 from CNY 1,835,223,216.67, a decline of 1.2%[30] Investments and Projects - The company plans to invest CNY 1.69981 billion in the construction of the 5G Communication Industrial Park project in Xi'an High-tech Zone[17] - The investment project will include the production of 5G communication electronic products and dual-use related products[17] - The Tianhe Tengfei Communications Industrial Park Co., Ltd. has been established to oversee the construction and operation of the 5G Communication Industrial Park project[17] - The company acquired land for the project at a cost of CNY 85.04 million, covering a total area of 266.264 acres[18] - The Tianrong Big Data (Xi'an) Computing Center project will be part of the 5G Communication Industrial Park, with an estimated first-phase investment of CNY 2.15536 billion and a second-phase investment of CNY 1.20114 billion[19] - The company’s investment in the 5G Communication Industrial Park will be phased based on actual progress and market conditions[17] - The 5G communication industrial park project has two land plots, with the northern plot's construction already capped and progressing to interior work, while the southern plot is advancing towards the establishment of a big data computing center[20] - The 5G ring resonator expansion project and the ferrite production and R&D center are part of the 5G communication industrial park, with construction delays due to external factors, now expected to complete by June 2024[20] - Nanjing Biao Electronics plans to invest approximately RMB 120 million in the first phase of a microwave ferrite and ceramic materials project, with a construction period of 21 months[21] - The total area of the land acquired for the Nanjing Biao project is 18,342.78 square meters, with construction already underway[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 53,119, with the largest shareholder holding 25.11% of the shares[11] - The report indicates that the top ten unrestricted shareholders hold a total of 116,820,332 shares[16] - The company’s major shareholder, He Zenglin, holds 32,492,925 shares, representing 0.55% of the total shares[16] - The company has not disclosed any other shareholder relationships or whether they are acting in concert[16] - The company has not reported any changes in the number of restricted shares for the current period[15] Research and Development - Research and development expenses rose to CNY 24,021,068.00, an increase of 17.8% from CNY 20,400,022.86 in the previous year[31] - The company has ongoing investments in new technologies and products, although specific details were not disclosed in the report[32] Employee and Joint Ventures - The company completed the stock option incentive plan in January 2022, granting 15 million options to 127 individuals[23] - The employee stock ownership plan raised RMB 23.94 million, with 2,156,100 shares purchased at an average price of RMB 10.995 per share[24] - The company established a joint venture, Tianyi Information Technology, with a registered capital of RMB 20 million, where the company holds a 51% stake[25] - Tianyi Information Technology aims to provide comprehensive language services using AI and natural language processing technologies, targeting various sectors including tourism and government[26] Current Assets - As of March 31, 2023, the company's total current assets amounted to RMB 1,006,716,374.93, down from RMB 1,090,121,756.99 at the beginning of the year[27]