TWH(SZ:002512)2024-04-29 13:57Financial Performance - The company's operating revenue for Q1 2024 was ¥401,296,476.81, a decrease of 40.83% compared to ¥678,174,466.18 in the same period last year[5] - Net profit attributable to shareholders was ¥1,527,198.49, down 66.96% from ¥4,621,609.82 year-on-year[5] - Net profit for Q1 2024 was a loss of CNY 5.98 million, compared to a profit of CNY 0.81 million in Q1 2023[19] - The total comprehensive income attributable to the parent company was CNY 1,522,287.14, a decrease from CNY 4,621,609.82 in the previous period, reflecting a decline of approximately 67.1%[20] - Basic and diluted earnings per share were both ¥0.0014, a decrease of 66.67% from ¥0.0042 in the same period last year[5] - The company reported basic and diluted earnings per share of CNY 0.0014, down from CNY 0.0042 in the previous period, a decline of 66.7%[20] Cash Flow and Assets - The net cash flow from operating activities was -¥137,693,949.29, representing a decline of 753.77% compared to -¥16,127,741.28 in the previous year[5] - Cash inflow from operating activities totaled CNY 343,908,580.84, down 35.0% from CNY 529,877,491.15 in the previous period[21] - Cash outflow from operating activities was CNY 481,602,530.13, a decrease of 12.0% compared to CNY 546,005,232.43 in the previous period[21] - The net cash flow from investing activities was -CNY 153,595,747.44, worsening from -CNY 129,221,048.90 in the previous period[21] - The ending balance of cash and cash equivalents was CNY 60,416,676.80, down from CNY 215,217,582.27 in the previous period, a decrease of 72.0%[21] - The company's cash and cash equivalents decreased by 69.65% to ¥92,523,426.04 due to payments for equipment and goods[9] - Total assets at the end of the reporting period were ¥4,379,369,186.65, a slight decrease of 0.89% from ¥4,418,707,276.21 at the end of the previous year[5] - The company's total assets decreased to CNY 4.38 billion from CNY 4.42 billion in the previous quarter[16] Liabilities and Shareholder Information - Long-term equity investments rose from ¥41,786,191.90 to ¥46,736,402.88, an increase of about 11.5%[14] - The company's long-term borrowings increased by 38.71% to ¥933,259,992.00, primarily due to refinancing of some long-term loans[9] - Non-current liabilities increased to CNY 1.20 billion from CNY 0.95 billion quarter-over-quarter[16] - The total number of common shareholders at the end of the reporting period is 97,207[11] - The top 10 shareholders hold a combined 30.09% of the shares, with the largest shareholder, Zhuhai Zhicheng Investment Center, holding 8.11%[11] Inventory and Receivables - Accounts receivable increased from ¥127,772,179.73 to ¥146,769,464.42, indicating a rise of approximately 14.5%[14] - Inventory increased from ¥296,596,189.36 to ¥334,734,527.87, reflecting a growth of about 12.8%[14] - Total current assets decreased from ¥1,578,141,335.49 to ¥1,463,665,608.57, a decline of approximately 7.2%[14] Impairment and Subsidies - The company reported a significant increase in credit impairment losses, which amounted to -¥2,094,485.17, a rise of 2216.59% compared to -¥90,412.44 in the previous year[9] - The company reported a credit impairment loss of CNY 2.09 million, compared to CNY 0.09 million in the same period last year[19] - The company recognized government subsidies amounting to ¥7,030,789.22, which are closely related to its normal business operations[6] Research and Development - Research and development expenses for Q1 2024 were CNY 23.31 million, slightly down from CNY 24.85 million in the previous year[17] Market Strategy - The company has not disclosed any new product developments or market expansion strategies in this report[13] - The company did not report any new product launches or significant market expansion strategies during this quarter[22]