TJBE(SZ:000695)2024-04-17 10:54Financial Performance - The company's operating revenue for Q1 2024 was ¥112,486,378.84, representing a 17.49% increase compared to ¥95,740,380.67 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was -¥599,496.32, showing a 97.46% improvement from -¥23,643,961.69 year-on-year[18]. - The net cash flow from operating activities reached ¥100,614,423.57, a significant increase of 1,341.48% compared to ¥6,979,945.26 in the previous year[18]. - The weighted average return on net assets was -0.33%, improving by 12.15% from -12.48% in the same period last year[18]. - The company reported a basic earnings per share of -¥0.0027, an improvement of 97.46% from -¥0.1064 in the same period last year[18]. - Operating profit improved to -¥2,808,136.93 from -¥36,123,532.80, indicating a significant reduction in losses[28]. - Net profit for the period was -¥2,445,306.36, a substantial improvement compared to -¥40,308,643.30 in the previous period, reflecting a decrease in losses of approximately 93.9%[29]. - The net profit attributable to the parent company was -¥599,496.32, compared to -¥23,643,961.69, marking a reduction in losses of about 97.5%[29]. - Basic and diluted earnings per share were both -¥0.0027, an improvement from -¥0.1064 in the previous period[29]. - The company reported a significant increase in net profit attributable to shareholders, up 97.46% year-on-year, primarily due to the divestment of the packaging and printing business[32]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,109,420,495.03, marking a 32.42% increase from ¥837,800,959.83 at the end of the previous year[18]. - The company’s total assets increased to ¥1,109,420,495.03 from ¥837,800,959.83, reflecting a growth of approximately 32.4%[36]. - The total liabilities increased to CNY 876,811,890.25 from CNY 603,223,738.37, indicating a significant rise in financial obligations[37]. - The company’s equity attributable to shareholders decreased slightly to CNY 183,110,466.05 from CNY 183,233,272.69[37]. Cash Flow - The cash inflow from operating activities totaled ¥172,874,557.94, compared to ¥96,607,582.21 in the previous year[26]. - The cash outflow from operating activities was ¥72,260,134.37, down from ¥89,627,636.95 year-on-year[26]. - The net cash flow from operating activities increased by 1,341.48% compared to the same period last year, primarily due to a CNY 125 million industrial support fund received by a subsidiary[45]. - The company's cash outflow from investment activities amounted to CNY 218,179,822.18, compared to CNY 902,777.78 in the previous period[39]. - Cash and cash equivalents at the end of the period decreased to CNY 17,722,011.28 from CNY 37,787,590.41 in the previous period[39]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,794, with the largest shareholder, Xuyang Holdings Co., Ltd., holding 22.71% of the shares[20]. Investments and Projects - The company plans to invest in a 5GW solar photovoltaic cell project and a 10GW pulling crystal project, with the projects already having completed preliminary procedures[52]. - The company will increase its investment in a subsidiary by CNY 290 million to accelerate the construction of the 10GW pulling crystal project[52]. Operating Costs and Expenses - Total operating costs decreased to ¥113,407,118.82 from ¥126,867,590.53, a reduction of approximately 10.5%[28]. - Research and development expenses decreased to ¥2,499,017.52 from ¥3,676,010.59, a decline of approximately 32%[28]. - Inventory rose to ¥112,260,916.68 from ¥77,865,600.82, an increase of about 43.9%[36]. - Other receivables increased significantly to ¥75,878,074.83 from ¥9,072,066.36, indicating a growth of approximately 736%[36].