TFE(SH:600237)2024-04-19 08:54Financial Performance - Total operating revenue for Q1 2024 reached ¥312,490,219.24, an increase of 19.7% compared to ¥261,148,260.75 in Q1 2023[12] - Total operating costs for Q1 2024 were ¥287,555,477.98, up from ¥240,915,743.07 in Q1 2023, reflecting a rise of 19.4%[13] - Net profit for Q1 2024 was ¥24,279,355.23, compared to ¥21,124,860.26 in Q1 2023, representing a growth of 14.9%[13] - The total profit for Q1 2024 was ¥28,509,473.60, compared to ¥21,124,860.26 in Q1 2023, indicating an increase of 35%[13] - The company’s tax expenses for Q1 2024 amounted to ¥4,230,118.37, with no prior year figure provided[13] Research and Development - Research and development expenses increased to ¥13,899,214.20 in Q1 2024, up from ¥10,906,648.65 in Q1 2023, marking a rise of 27.4%[13] Cash Flow and Liquidity - Cash and cash equivalents at the end of Q1 2024 totaled ¥422,145,247.54, down from ¥267,563,851.22 at the end of Q1 2023[15] - The company reported a net cash flow from financing activities of ¥4,469,621.14 in Q1 2024, a decrease from ¥44,350,908.38 in Q1 2023[15] - The net cash flow from operating activities was CNY -21,360,913.41, showing an improvement of 17.5% compared to the previous year[28] - Cash inflows from operating activities totaled CNY 206,784,718.55, compared to CNY 190,785,557.65 in the same period last year[24] Shareholder Information - The company’s major shareholder, Tongling Dajiang Investment Holding Co., Ltd., holds 20.44% of the shares[7] - The company has a total of 45,867 common shareholders at the end of the reporting period, with no preferred shareholders[53] - The net profit attributable to shareholders of the listed company was CNY 24,182,234.82, an increase of 8.46% compared to the same period last year[28] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 23,618,087.68, reflecting a 9.63% increase year-over-year[28] Earnings Per Share - The basic earnings per share for Q1 2024 was CNY 0.03882, a decrease of 1.75% compared to the same period last year[28] - The diluted earnings per share for Q1 2024 was also CNY 0.03882, reflecting a decrease of 1.75% year-over-year[28] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,362,441,872.18, a decrease of 1.64% from the end of the previous year[29] - The total liabilities increased from RMB 624,013,571.62 to RMB 556,276,389.35, indicating a reduction in overall debt levels[61] - The equity attributable to shareholders of the listed company was CNY 1,736,721,845.69, which increased by 1.66% compared to the end of the previous year[29] - The company recorded a loss of RMB 135,474,206.16 in undistributed profits, an improvement from a loss of RMB 159,656,440.98 in the previous period[61] Non-Operating Income - The company reported a total non-operating income of RMB 564,147.14 for the current period, which includes government subsidies of RMB 669,550 and other non-operating income of RMB 58,914.94, after accounting for tax and minority interests[39] - The company received government grants that are closely related to its normal business operations, which positively impacted its financial performance[39] Intangible Assets - The company’s intangible assets were valued at RMB 10,043,310.12, showing a slight decrease from RMB 10,186,866.72[46] Return on Assets - The weighted average return on net assets was 1.41%, a decrease of 0.39 percentage points compared to the previous year[29] Minority Interests - The company’s minority interests increased slightly from RMB 69,346,516.73 to RMB 69,443,637.14, indicating stable performance in its subsidiaries[61]