TDG(SH:600330)2024-04-25 08:35Financial Performance - The company's operating revenue for Q1 2024 was CNY 341,086,359.35, a decrease of 26.2% compared to CNY 462,601,413.97 in Q1 2023[6] - The net profit attributable to shareholders of the listed company decreased by 48.96% year-on-year, primarily due to market conditions and supply-demand relationships[20] - The basic earnings per share for Q1 2024 was CNY 0.036, down 48.57% from CNY 0.070 in Q1 2023[1] - The company reported a net profit of CNY 844,391,736.07 for Q1 2024, down from CNY 907,172,069.63 in Q1 2023, a decline of approximately 6.9%[28] - The company’s operating profit for the quarter was ¥49,334,400.40, a decrease from ¥98,497,315.74 in the same period last year[54] - The total profit for the quarter was ¥47,629,071.84, down from ¥98,781,128.68 year-over-year[54] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 373.81% year-on-year, attributed to a reduction in cash received from sales and an increase in cash paid for purchases[20] - The company's cash and cash equivalents at the end of Q1 2024 were CNY 2,454,693,018.05, down from CNY 2,666,505,188.12 at the end of Q4 2023[3] - Cash inflow from sales and services in Q1 2024 was ¥750,586,557.30, a decrease of 10.1% compared to ¥834,557,385.06 in Q1 2023[56] - Net cash flow from operating activities in Q1 2024 was -¥75,916,202.35, compared to a positive cash flow of ¥27,725,963.81 in Q1 2023[65] - The company’s cash outflow for operating activities was ¥893,510,017.21 in Q1 2024, compared to ¥887,716,263.95 in Q1 2023[65] - The ending balance of cash and cash equivalents decreased to CNY 2.16 billion from CNY 2.27 billion year-over-year[71] Assets and Liabilities - The total assets as of March 31, 2024, were CNY 6,448,911,693.04, compared to CNY 6,485,000,000.00 at the end of 2023[4] - As of March 31, 2024, total current assets decreased to CNY 6,485,844,694.60 from CNY 6,854,105,697.38 as of December 31, 2023, representing a decline of approximately 5.4%[26] - Total liabilities decreased to CNY 1,132,086,771.86 from CNY 1,092,917,769.28, a decrease of approximately 3.6%[35] - Total equity attributable to shareholders decreased to CNY 8,089,920,126.99 from CNY 8,127,906,581.08, a decrease of about 0.5%[28] - The company reported a decrease in total liabilities, with current liabilities totaling ¥1,068,438,774.02 in Q1 2024, compared to ¥1,022,472,231.07 in Q1 2023[58] Research and Development - Research and development expenses for Q1 2024 were CNY 20,057,752.38, an increase from CNY 18,998,986.69 in Q1 2023[6] - Research and development expenses amounted to ¥58,321,932.07, down from ¥65,185,461.28 in the previous year[54] Future Outlook - The company plans to focus on expanding its market presence and developing new technologies in the upcoming quarters[29] - The company has maintained its commitment to enhancing operational efficiency and exploring potential mergers and acquisitions to drive growth[29]