TAT(SZ:002433)2024-04-29 18:26Financial Performance - The company's revenue for Q1 2024 was ¥68,608,687.70, a decrease of 50.75% compared to ¥139,317,832.02 in the same period last year[5] - The net loss attributable to shareholders was ¥54,811,763.46, an improvement of 10.79% from a loss of ¥61,443,810.03 in the previous year[5] - The company's basic and diluted earnings per share were both -¥0.07, an improvement of 12.50% from -¥0.08 in the same period last year[5] - Net loss for Q1 2024 was ¥56,703,754.46, compared to a net loss of ¥62,509,752.43 in Q1 2023, representing an improvement of 9.5%[28] - The company reported a total comprehensive loss of CNY 56,711,229.54 for Q1 2024, compared to a loss of CNY 62,759,313.15 in the previous year[29] Cash Flow - The net cash flow from operating activities was ¥50,340,238.24, a significant increase of 226.69% compared to -¥39,735,469.21 in the same period last year[5] - Net cash flow from operating activities increased by ¥90,075,707.45, a growth of 226.69%, primarily due to an increase in receivables and a decrease in procurement and payments[15] - The net increase in cash and cash equivalents was ¥50,599,955.32, a growth of 6209.50%, attributed to reduced net outflow from financing activities and increased net cash flow from operating activities[17] - Cash inflow from investment activities decreased by ¥73,071,282.90, a decline of 99.57%, mainly due to higher cash recovery from the disposal of fixed assets in the previous period[15] - Cash outflow from financing activities decreased by ¥199,833,539.93, a decline of 100.00%, as there were no repayments of borrowings and interest in the current period[16] - Cash outflows from financing activities totaled CNY 199,833,539.93, with no cash inflows reported for this period[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,284,118,286.75, a decrease of 1.78% from ¥3,343,704,279.05 at the end of the previous year[5] - Total liabilities decreased to ¥2,943,586,244.01 from ¥2,947,981,020.64, a decline of 0.1%[25] - The company's cash and cash equivalents decreased to ¥93,591,312.01 from ¥122,799,710.22, a decline of 23.8%[24] - Accounts receivable increased to ¥156,125,758.18 from ¥146,086,942.37, reflecting a rise of 6.9%[24] - Inventory levels rose slightly to ¥518,443,693.84 from ¥509,729,559.03, an increase of 1.4%[24] Operating Performance - Operating income decreased by ¥70,709,144.32, a decline of 50.75%, primarily due to heavy debt and insufficient working capital[10] - Operating costs decreased by ¥57,920,015.97, a decline of 50.15%, attributed to the drop in sales revenue[10] - Total operating revenue for Q1 2024 was ¥68,608,687.70, a decrease of 50.8% compared to ¥139,317,832.02 in the same period last year[27] - Total operating costs for Q1 2024 were ¥139,469,389.04, down 38.2% from ¥225,506,907.16 year-over-year[27] - The company reported a significant reduction in sales expenses to ¥14,768,915.21 from ¥25,813,024.60, a decrease of 42.7%[28] Research and Development - The company reported a decrease in research and development expenses by ¥881,374.71, a decline of 43.74%, due to insufficient funds[10] - Research and development expenses were reduced to ¥1,133,551.82 from ¥2,014,926.53, a decrease of 43.7%[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 46,801[19] - The largest shareholder, Taiantang Group Co., Ltd., holds 14.90% of the shares, totaling 114,261,032 shares[19] Legal and Regulatory - The company has received a court decision to terminate its pre-restructuring process, indicating ongoing financial challenges[20] - The first quarter report was not audited[32] - The company is set to implement new accounting standards starting in 2024[32]