Tstc(SH:600552)2024-04-29 09:07Financial Performance - The company's operating revenue for the reporting period was CNY 1,263,190,450.52, representing a decrease of 0.48% compared to the same period last year[3]. - The net profit attributable to shareholders of the listed company was CNY 13,783,609.29, down 54.83% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -30,742,357.00, an increase of 77.28% compared to the same period last year[3]. - The diluted earnings per share for the reporting period was CNY 0.0146, reflecting a decrease of 54.83% year-on-year[3]. - The net profit for Q1 2024 was CNY 24,360,805.03, a decrease of 41.49% compared to CNY 41,983,131.22 in Q1 2023[14]. - The basic earnings per share for Q1 2024 was CNY 0.0146, down from CNY 0.0323 in Q1 2023[14]. - Net profit attributable to shareholders decreased to ¥77.28 million, primarily due to a reduction in net profit for the period[48]. - Basic and diluted earnings per share for Q1 2024 were both -¥54.83, reflecting a decrease in net profit attributable to shareholders[48]. Cash Flow - The net cash flow from operating activities was CNY -29,524,819.82, a decrease of 263.15% year-on-year[3]. - The net cash flow from operating activities for Q1 2024 was negative CNY 29,524,819.82, compared to a positive CNY 18,096,845.06 in Q1 2023[15]. - Cash flow from operating activities showed a net outflow of -263.15 million, attributed to increased raw material purchases[48]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 10,375,016,194.70, an increase of 1.38% from the end of the previous year[3]. - The total liabilities amounted to CNY 5,842,191,916.26, compared to CNY 5,734,302,573.23 in the previous year[13]. - The total equity attributable to shareholders of the parent company was CNY 4,099,926,424.15, an increase from CNY 4,076,723,890.28 at the end of the previous year[13]. - The company’s total assets decreased from CNY 920,819,637.65 at the end of Q1 2023 to CNY 784,083,353.88 at the end of Q1 2024[28]. - Total assets as of Q1 2024 amounted to ¥10,375,016,194.70, an increase from ¥10,233,347,122.06 in Q1 2023[46]. - Non-current assets totaled ¥4,998,034,137.07, an increase from ¥4,813,907,479.66 in Q1 2023, reflecting a growth of 3.84%[46]. Government Support and R&D - The company received government subsidies amounting to CNY 46,815,413.04 during the reporting period[5]. - Research and development expenses increased by CNY 28,527,000, primarily due to ongoing technological innovations in the display sector[23]. - R&D expenses increased significantly to ¥75,296,714.33 in Q1 2024, up 60.73% from ¥46,769,405.73 in Q1 2023[37]. Inventory and Borrowings - The company reported a significant increase in inventory, totaling ¥2,140,213,124.71, compared to ¥2,038,783,601.42 in the previous year[46]. - Short-term borrowings rose to ¥1,340,026,171.66, up from ¥1,221,552,719.98 in Q1 2023, indicating a 9.69% increase[46]. Shareholder Information - The company reported a decrease in the number of ordinary shareholders to 31,347 by the end of the reporting period[25].