Tianyong(SH:603895)2024-04-26 12:41Financial Performance - The company's operating revenue for Q1 2024 was ¥171,646,888.71, representing a decrease of 11.69% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥4,528,825.64, down 40.50% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥4,502,147.70, a decrease of 39.68% compared to the previous year[5]. - Basic earnings per share were ¥0.04, down 42.86% compared to the same period last year[5]. - Total operating revenue for Q1 2024 was CNY 171,646,888.71, a decrease of 11.6% compared to CNY 194,361,760.59 in Q1 2023[18]. - Total revenue from sales and services received in Q1 2024 was CNY 119,405,572.22, down from CNY 135,142,410.35 in Q1 2023, reflecting a decrease of approximately 11.5%[22]. - The net profit for Q1 2024 was CNY 12,322,374.46, a significant increase from CNY 7,577,907.44 in Q1 2023, representing a growth of approximately 62.4%[19]. - The operating profit for Q1 2024 reached CNY 12,310,753.30, compared to CNY 7,296,663.69 in the same period last year, indicating a year-over-year increase of about 68.5%[19]. - The total comprehensive income for Q1 2024 was CNY 12,322,374.46, compared to CNY 7,577,907.44 in Q1 2023, marking an increase of approximately 62.4%[20]. - The company's revenue for Q1 2024 was ¥81,994,462.17, a decrease of 45.5% compared to ¥150,403,353.40 in Q1 2023[29]. - The net profit for Q1 2024 was ¥878,435.42, down from ¥13,492,044.49 in Q1 2023, representing a decline of 93.5%[30]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥56,584,590.85, an increase in outflow of 39.78% year-on-year[5]. - The cash flow from operating activities showed a net outflow of CNY -56,584,590.85 in Q1 2024, an improvement from the outflow of CNY -93,957,107.60 in Q1 2023[23]. - The company reported a decrease in cash and cash equivalents at the end of Q1 2024, totaling CNY 108,040,718.30, compared to CNY 208,431,080.38 at the end of Q1 2023[24]. - The cash inflow from operating activities was ¥95,891,940.61 in Q1 2024, down from ¥112,208,455.26 in Q1 2023[33]. - The total cash and cash equivalents at the end of the period amounted to $69,912,094.69, down from $119,583,155.87 at the beginning of the period[34]. - The net increase in cash and cash equivalents was -$49,671,061.18, compared to a decrease of -$8,191,653.25 in the same period last year[34]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,531,588,251.73, an increase of 2.81% from the end of the previous year[6]. - Total assets increased to CNY 1,531,588,251.73 as of March 31, 2024, compared to CNY 1,489,666,348.82 at the end of 2023[17]. - Total liabilities rose to CNY 1,226,429,418.41 from CNY 1,196,829,889.96, an increase of 2.5%[16]. - The total liabilities rose to ¥1,159,967,938.79 in Q1 2024, compared to ¥1,082,022,144.29 in Q1 2023, an increase of 7.2%[27]. - Shareholders' equity attributable to the parent company was ¥367,842,923.30, up 1.25% from the previous year[6]. - Shareholders' equity totaled CNY 305,158,833.32 as of March 31, 2024, up from CNY 292,836,458.86 at the end of 2023[17]. - The company’s total equity increased slightly to ¥635,873,430.79 in Q1 2024 from ¥634,994,995.37 in Q1 2023[27]. Expenses - Total operating costs for Q1 2024 were CNY 158,070,558.74, down 18.5% from CNY 193,680,904.05 in Q1 2023[18]. - Research and development expenses increased to CNY 12,149,124.66 in Q1 2024, up 42.5% from CNY 8,518,017.14 in Q1 2023[18]. - Research and development expenses for Q1 2024 were ¥7,342,102.18, slightly down from ¥7,967,161.65 in Q1 2023[29]. - The company reported a decrease in sales expenses to ¥2,849,679.41 in Q1 2024 from ¥3,110,474.61 in Q1 2023[29]. - The financial expenses increased to ¥3,459,410.93 in Q1 2024, compared to ¥2,737,642.85 in Q1 2023, reflecting a rise of 26.3%[29]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,688[11]. - The largest shareholder, Shanghai Mingjia Investment Co., Ltd., held 64,163,400 shares, accounting for 59.3% of the total shares[11]. - The weighted average return on equity was 3.34%, an increase of 1.62 percentage points[5].