TJRD(SH:600322)2024-04-29 07:49Financial Performance - The company's operating revenue for Q1 2024 was ¥131,374,981.12, representing a decrease of 92.35% compared to the same period last year[4]. - The net profit attributable to shareholders was -¥194,420,340.21, a decline of 38.37% year-over-year[4]. - The basic earnings per share (EPS) was -¥0.1758, reflecting a decrease of 38.32% compared to the previous year[4]. - The net cash flow from operating activities was -¥198,890,304.54, a significant decline of 187.05% year-over-year[4]. - Total operating revenue for Q1 2024 was CNY 131,374,981.12, a decrease of 92.34% compared to CNY 1,716,624,897.57 in Q1 2023[18]. - Net loss for Q1 2024 was CNY 194,399,922.60, compared to a net loss of CNY 108,394,319.69 in Q1 2023, representing an increase in loss of 79.48%[19]. - Basic and diluted earnings per share for Q1 2024 were both CNY -0.1758, compared to CNY -0.1271 in Q1 2023[19]. Assets and Liabilities - Total assets at the end of the reporting period were ¥15,831,179,240.85, an increase of 1.43% from the end of the previous year[5]. - The total liabilities increased to CNY 15,294,033,408.48 in Q1 2024 from CNY 14,876,566,602.32 in Q1 2023, reflecting a growth of 2.80%[16]. - Total current liabilities were reported at CNY 1,743,622,217.40, a decrease from CNY 1,862,463,914.19, representing a decline of about 6.38%[14]. - The total liabilities due within one year rose to CNY 11,791,032,357.43 in Q1 2024 from CNY 11,140,864,336.27 in Q1 2023, an increase of 5.83%[16]. - The equity attributable to shareholders decreased by 83.83% to ¥37,488,506.97 compared to the end of the previous year[5]. - The total equity attributable to shareholders decreased to CNY 37,488,506.97 in Q1 2024 from CNY 231,908,847.18 in Q1 2023, a decline of 83.87%[16]. Cash Flow - The company's cash flow statement for Q1 2024 indicates significant changes in cash flow dynamics, details to be elaborated in the full report[21]. - In Q1 2024, the net cash flow from operating activities was -198,890,304.54, a significant decline compared to 228,478,782.69 in Q1 2023[23]. - Total cash inflow from operating activities decreased to 358,407,447.44 in Q1 2024 from 949,823,823.62 in Q1 2023, representing a drop of approximately 62.3%[23]. - Cash outflow from operating activities increased to 557,297,751.98 in Q1 2024, compared to 721,345,040.93 in Q1 2023, indicating a decrease of about 22.7%[23]. - Cash inflow from financing activities rose to 424,000,000.00 in Q1 2024, up from 158,600,000.00 in Q1 2023, marking an increase of approximately 168.5%[24]. - The net cash flow from financing activities improved to 222,544,267.16 in Q1 2024, compared to -103,469,912.07 in Q1 2023[24]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 69,312[9]. - The company plans to issue new shares to its controlling shareholder, Tianjin Investment Capital, with the issuance subject to shareholder approval[11]. - The company has not reported any changes in the participation of major shareholders in margin financing and securities lending activities[11]. Inventory and Assets Management - Inventory increased to CNY 10,881,300,721.59 from CNY 10,556,079,165.65, reflecting a growth of approximately 3.08%[14]. - Non-current assets totaled CNY 1,692,932,465.46, down from CNY 1,714,579,145.77, indicating a decrease of about 1.26%[14]. - The company reported a total current asset of CNY 14,138,246,775.39, an increase from CNY 13,893,533,211.52, representing a growth of approximately 1.76%[14]. - The company reported a significant reduction in land reserves and ongoing projects, impacting interest expenses and net profit[7]. Interest and Investment Performance - The company reported an increase in interest expenses to CNY 150,844,133.85 in Q1 2024 from CNY 140,660,972.92 in Q1 2023, an increase of 8.30%[18]. - The company recorded an investment loss of CNY -2,264,347.76 in Q1 2024, compared to a loss of CNY -1,836,302.27 in Q1 2023, indicating a worsening investment performance[18].