TZTEK(SH:688003)2024-04-26 08:14Financial Performance - The company's operating revenue for Q1 2024 was ¥193,239,748.61, representing a year-on-year increase of 6.20%[5]. - The net profit attributable to shareholders was a loss of ¥37,997,043.34, with a basic earnings per share of -0.1979 yuan[5][6]. - The company reported a decrease in the weighted average return on net assets to -2.00%[6]. - Net loss for Q1 2024 was CNY 37,997,043.34, compared to a net loss of CNY 33,440,553.35 in Q1 2023, indicating a decline of 13.56%[18]. - Basic earnings per share for Q1 2024 was -0.1979, compared to -0.1747 in Q1 2023[19]. Cash Flow - The net cash flow from operating activities was -¥120,516,824.65, primarily due to decreased sales receipts and increased procurement payments[6][9]. - Cash flow from operating activities for Q1 2024 was a net outflow of CNY 120,516,824.65, worsening from a net outflow of CNY 83,927,792.37 in Q1 2023[22]. - The total cash outflow for operating activities in Q1 2024 was 513,828,122.59 RMB, compared to 493,929,913.99 RMB in Q1 2023, reflecting increased operational expenditures[30]. - The cash flow from tax refunds received in Q1 2024 was 7,157,334.78 RMB, compared to 3,284,750.37 RMB in Q1 2023, showing improved tax recovery efforts[30]. - The company's cash flow from other operating activities decreased to 11,059,275.29 RMB in Q1 2024 from 26,658,200.84 RMB in Q1 2023, indicating a reduction in ancillary cash inflows[30]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,379,578,340.49, an increase of 4.69% compared to the end of the previous year[6]. - The company's total liabilities reached RMB 1,520,084,257.55, up from RMB 1,308,084,226.23, which is an increase of about 16.18%[16]. - Total current liabilities increased to RMB 1,164,991,351.96 from RMB 1,046,765,049.08, representing a rise of approximately 11.27%[16]. - The total non-current liabilities rose to RMB 355,092,905.59 from RMB 261,319,177.15, reflecting an increase of approximately 35.83%[16]. - The company's total equity attributable to shareholders decreased to RMB 1,859,494,082.94 from RMB 1,920,121,488.41, a decline of about 3.17%[16]. Research and Development - Research and development expenses totaled ¥78,543,601.46, accounting for 40.65% of operating revenue, a decrease of 0.48 percentage points[6]. - The company experienced a significant increase in R&D expenses, which rose to CNY 63,387,532.95 in Q1 2024 from CNY 55,917,924.82 in Q1 2023, marking an increase of 13.16%[17]. - Research and development expenses for Q1 2024 were CNY 54.64 million, up from CNY 47.85 million in Q1 2023, indicating a rise of 14.5%[28]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,211[10]. - The largest shareholder, Suzhou Qingyi Investment Co., Ltd., holds 24.94% of the shares, followed by Ningbo Zhunzhi Venture Capital Partnership with 20.7%[11]. Inventory and Investments - The company's inventory as of March 31, 2024, was RMB 962,827,382.82, compared to RMB 862,532,294.00 at the end of 2023, marking an increase of around 11.63%[15]. - The company’s long-term investments decreased to RMB 13,781,724.26 from RMB 15,486,996.88, indicating a decline of about 11.01%[15]. - The company paid 67,000,000.00 RMB for investments in Q1 2024, a significant increase from 10,000,000.00 RMB in Q1 2023, indicating aggressive investment strategies[30]. Cash and Cash Equivalents - The company's cash and cash equivalents reached RMB 391,387,808.16, up from RMB 372,276,951.41 at the end of 2023, indicating an increase of about 5.98%[14]. - Cash and cash equivalents at the end of Q1 2024 were CNY 305.30 million, a decrease from CNY 382.92 million at the end of 2023, representing a decline of 20.2%[25]. - The company's cash and cash equivalents at the end of Q1 2024 amounted to 263,391,357.92 RMB, down from 339,986,183.36 RMB at the end of Q1 2023[31].