TJBE(SZ:000695) Shang Hai Zheng Quan Bao·2025-04-30 05:13Core Viewpoint - The company reported a significant decrease in net profit for the first quarter, primarily due to rising raw material costs and a low comparative base from the previous year [5][6][14]. Financial Performance - The net profit attributable to shareholders decreased substantially compared to the same period last year, mainly due to increased costs from rising raw material prices [5]. - The net profit after deducting non-recurring gains and losses also saw a significant decline, reflecting the overall drop in net profit [5]. - The net cash flow from operating activities decreased sharply, attributed to the absence of industry support funds received in the previous year [5]. - Basic and diluted earnings per share experienced a significant reduction, correlating with the drop in net profit [5]. Shareholder Information - The total number of ordinary shareholders and the shareholding situation of the top ten shareholders were disclosed, with Tianjin Jingjin Cultural Media Development Co., Ltd. holding approximately 5% of the shares [5]. Major Events - The company’s wholly-owned subsidiary plans to invest in an integrated project for energy storage and grid management, with a total installed capacity of 580,000 kilowatts, located in Inner Mongolia [6][8]. - The project aims to reduce electricity costs for the negative electrode material project and enhance overall product competitiveness, aligning with the company's sustainable development goals [6][8]. Financing and Guarantees - The company approved a new financing limit of 1 billion RMB for 2025, which includes bank loans and other financing methods [8][20]. - The controlling shareholder, Xuyang Holdings, will provide a guarantee for this financing, which will be without charge and does not require the company to provide counter-guarantees [10][20]. - The guarantee agreement is subject to approval at the upcoming shareholders' meeting, with related parties abstaining from voting [9][15].