TNP(SZ:300569)2024-04-28 07:04Financial Performance - The company's revenue for Q1 2024 was ¥520,451,630.15, representing a 2.36% increase compared to ¥508,471,032.53 in the same period last year[5]. - Net profit attributable to shareholders decreased by 19.77% to ¥43,316,367.33 from ¥53,987,106.56 year-on-year[5]. - Basic and diluted earnings per share fell by 36.43% to ¥0.0424 from ¥0.0667 in the same period last year[5]. - The company achieved operating revenue of approximately CNY 520.45 million in Q1 2024, representing a year-on-year increase of 2.36%[17]. - The net profit attributable to shareholders was approximately CNY 43.32 million, a decrease of 19.77% compared to the same period last year[17]. - Net profit for Q1 2024 was CNY 43,869,742.52, a decrease of 20.2% from CNY 54,958,897.49 in Q1 2023[23]. Cash Flow and Assets - The net cash flow from operating activities improved significantly, reaching ¥163,915,646.09, a 152.65% increase from a negative cash flow of ¥311,311,162.96 in the previous year[5]. - The company's cash and cash equivalents increased to approximately CNY 1.37 billion from CNY 1.26 billion at the beginning of the period[19]. - The total cash and cash equivalents at the end of the period reached 1,210,812,914.29 CNY, compared to 586,127,765.40 CNY in the same period last year[27]. - The net increase in cash and cash equivalents was 239,330,335.64 CNY, contrasting with a decrease of 348,718,525.86 CNY in the same period last year[27]. - Current assets totaled approximately CNY 6.65 billion, a decrease from CNY 7.04 billion at the beginning of the period[19]. - Current liabilities were approximately CNY 3.53 billion, down from CNY 3.99 billion at the beginning of the period[20]. - Total assets decreased by 3.55% to ¥12,386,227,012.95 from ¥12,842,627,130.54 at the end of the previous year[5]. - The total liabilities and equity decreased to CNY 12,386,227,012.95 from CNY 12,842,627,130.54, indicating a reduction in financial leverage[21]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 43,515, with the largest shareholder holding 22.62% of the shares[9]. - The top 10 shareholders include Zhuhai Port Holdings Group Co., Ltd. with 231,316,952 shares, representing a significant portion of the company's equity[10]. - As of the end of the reporting period, the total number of shares held by the top 10 shareholders was 13,596,124, which is 1.33% of the total shares[13]. - The company has a total of 5,886,124 shares (0.58% of total shares) that are currently in a lending status under the margin trading system[12]. - The report indicates that there were no changes in the number of restricted shares for major shareholders during the reporting period[15]. Research and Development - Research and development expenses decreased by 50.29% to ¥4,536,854.93 from ¥9,127,363.12 year-on-year[8]. - Research and development expenses decreased to CNY 4,536,854.93 from CNY 9,127,363.12, reflecting a reduction of 50.3%[22]. Operational Highlights - The production volume of wind turbine towers reached approximately 66,800 tons, with sales of about 49,900 tons in Q1 2024[17]. - The company held grid-connected photovoltaic power stations totaling approximately 118 MW, generating revenue of about CNY 29.85 million[17]. - The total installed capacity of grid-connected wind power plants was approximately 563.3 MW, contributing approximately CNY 137.14 million in revenue[17]. Other Information - The company received government subsidies amounting to ¥2,900,541.78, primarily related to revenue[6]. - The company is undergoing a restructuring process involving the integration of several state-owned enterprises under the Zhuhai Transportation Holding Group[18]. - The company has not reported any new strategies or product developments in this quarter's earnings call[10]. - The company did not undergo an audit for the first quarter report[28]. - The report was released on April 26, 2024, by the board of directors[28].