TKD(SH:603738)2024-04-26 12:12Financial Performance - The company's operating revenue for Q1 2024 was CNY 182,113,806.30, representing a year-on-year increase of 3.82%[5] - Net profit attributable to shareholders for Q1 2024 was CNY 30,505,603.95, showing a significant increase of 59.56% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 19,445,216.58, up by 30.92% year-on-year[5] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.08, reflecting a growth of 60.00% year-on-year[5] - The weighted average return on net assets increased by 0.69 percentage points to 1.74%[5] - Total operating revenue for Q1 2024 was ¥182,113,806.30, an increase of 3.99% compared to ¥175,411,249.56 in Q1 2023[16] - Net profit for Q1 2024 reached ¥31,483,750.70, representing a 60.38% increase from ¥19,617,581.64 in Q1 2023[17] - Earnings per share (EPS) increased to ¥0.08 in Q1 2024 from ¥0.05 in Q1 2023, reflecting a 60% growth[17] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 74.67% to CNY 26,792,606.60, primarily due to a reduction in government subsidies related to assets and an increase in material procurement payments[7] - Cash flow from operating activities generated a net amount of ¥26,792,606.60, down from ¥105,789,168.70 in the same period last year[20] - Cash and cash equivalents at the end of Q1 2024 were ¥201,378,827.50, a decrease from ¥335,171,224.08 at the end of Q1 2023[21] - The company's cash and cash equivalents decreased to RMB 201,378,827.50 from RMB 231,500,147.98, a decline of approximately 13.0%[12] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,017,201,895.28, a decrease of 1.20% from the end of the previous year[5] - The company's current assets totaled RMB 1,032,127,428.37, an increase from RMB 974,462,856.29, representing a growth of about 5.9%[12] - Accounts receivable decreased to RMB 197,756,152.33 from RMB 219,633,804.81, a reduction of about 9.9%[12] - Inventory increased significantly to RMB 193,748,171.16 from RMB 158,808,479.49, marking an increase of approximately 22.0%[12] - Total liabilities decreased to RMB 255,125,558.07 from RMB 271,590,542.59, a decline of about 6.1%[13] - The company's equity attributable to shareholders decreased to RMB 1,745,292,797.88 from RMB 1,754,221,914.39, a decrease of approximately 0.5%[13] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 11,998,042.26, which contributed to the increase in net profit[6] - The company reported a significant increase in other income, which rose to ¥12,526,840.45 from ¥5,096,433.01 year-over-year[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,392[9] - The company reported a total of 10,001,740 shares held in the repurchase account, accounting for 2.57% of the total share capital[10] - The company has not reported any significant changes in major shareholders or their participation in financing activities during the reporting period[11] Investment and Financing Activities - Investment activities resulted in a net cash outflow of ¥18,213,683.73, compared to a larger outflow of ¥82,156,639.05 in Q1 2023[21] - Financing activities led to a net cash outflow of ¥39,761,958.34, significantly higher than the outflow of ¥4,443,693.49 in the previous year[21] Credit Impairment - The company experienced a rise in credit impairment losses, which increased to ¥2,283,489.42 from ¥782,859.20 in the previous year[16]