TC(SH:603085)2024-04-26 12:25Financial Performance - The company's operating revenue for Q1 2024 was CNY 367,499,926.73, representing a year-on-year increase of 31.89%[5] - Net profit attributable to shareholders reached CNY 10,020,129.53, a significant increase of 427.77% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was CNY 10,372,657.87, reflecting a growth of 459.53% year-on-year[5] - Basic earnings per share (EPS) was CNY 0.03, marking a 200.00% increase from the previous year[6] - Total operating revenue for Q1 2024 reached ¥367.50 million, a 32.0% increase from ¥278.63 million in Q1 2023[17] - Net profit for Q1 2024 was ¥10.02 million, compared to ¥1.90 million in Q1 2023, representing a significant increase of 426.5%[18] - Basic and diluted earnings per share for Q1 2024 were both ¥0.03, up from ¥0.01 in Q1 2023[19] - The company reported a total comprehensive income of ¥9.37 million for Q1 2024, compared to ¥0.40 million in Q1 2023[19] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,644,032,690.02, up 1.46% from the end of the previous year[6] - As of March 31, 2024, the total assets of the company amounted to RMB 2,644,032,690.02, an increase from RMB 2,605,915,138.94 at the end of 2023, reflecting a growth of approximately 1.46%[16] - The company's current assets totaled RMB 1,255,964,167.10, a decrease from RMB 1,276,594,024.45, indicating a decline of about 1.57%[14] - Total liabilities rose to RMB 1,752,604,177.97 from RMB 1,723,822,413.68, marking an increase of about 1.67%[15] - The company's equity attributable to shareholders increased to RMB 891,428,512.05 from RMB 882,092,725.26, reflecting a growth of approximately 1.52%[15] Cash Flow and Expenses - Cash flow from operating activities for Q1 2024 was ¥24.48 million, a turnaround from a negative cash flow of ¥7.44 million in Q1 2023[21] - Cash and cash equivalents decreased to RMB 132,276,418.79 from RMB 161,274,511.61, representing a decline of approximately 18%[13] - Cash and cash equivalents at the end of Q1 2024 were ¥23.23 million, down from ¥77.94 million at the end of Q1 2023[22] - The company incurred financial expenses of ¥4.75 million in Q1 2024, compared to a financial income of ¥0.33 million in Q1 2023[17] - The company’s tax expenses for Q1 2024 were ¥3.21 million, significantly higher than ¥0.85 million in Q1 2023[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,332[10] - The largest shareholder, Zhejiang Tiancheng Ke Investment Co., Ltd., held 41.20% of the shares, with 26,874,566 shares pledged[10] Operational Highlights - The increase in operating revenue was primarily driven by a 53.5% growth in domestic passenger car seat sales and a 135.1% increase in sales from the UK subsidiary's aircraft seat business[7] - The company received government subsidies amounting to CNY 693,494.75, which are closely related to its normal business operations[7] - Research and development expenses for Q1 2024 were ¥19.78 million, slightly up from ¥19.77 million in Q1 2023[17] - The company reported a net loss of RMB 488,232,321.09, an improvement from a loss of RMB 498,252,450.62 in the previous period[15] - The company’s short-term borrowings decreased to RMB 137,867,150.42 from RMB 149,912,986.67, a decline of about 8%[14] - The company’s total current liabilities increased to RMB 1,354,451,478.12 from RMB 1,302,911,671.59, indicating an increase of approximately 3.95%[15] - Total operating costs for Q1 2024 were ¥360.94 million, up 30.0% from ¥277.91 million in Q1 2023[17] - Accounts receivable decreased to RMB 417,689,463.26 from RMB 466,303,253.85, a reduction of about 10.4%[13] - Inventory increased to RMB 509,740,025.49 from RMB 415,982,435.45, showing an increase of approximately 22.5%[13]