TANAC(300461)2024-04-21 07:50Financial Performance - The company's revenue for Q1 2024 was ¥44,863,638.77, a decrease of 17.62% compared to ¥54,462,395.74 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥12,336,155.08, representing a decline of 660.76% from a profit of ¥2,199,895.30 in the previous year[5] - The net loss for Q1 2024 was CNY 14,908,178.88, compared to a profit of CNY 213,304.44 in Q1 2023, highlighting a significant decline in profitability[24] - The total comprehensive income attributable to the parent company was -12,631,457.48 CNY, down from 2,098,532.95 CNY year-over-year[25] - Basic and diluted earnings per share for Q1 2024 were both -0.08 CNY, compared to 0.01 CNY in the same period last year[25] Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥4,366,061.87, an 88.42% increase compared to -¥37,701,335.95 in the same period last year[11] - The operating cash flow for Q1 2024 was -4,366,061.87 CNY, an improvement from -37,701,335.95 CNY in the previous year[28] - The net increase in cash and cash equivalents was ¥27,065,897.30, a 141.65% improvement from a decrease of ¥64,987,400.90 in the previous year[11] - Cash and cash equivalents at the end of Q1 2024 increased to 86,780,821.04 CNY from 334,291,755.30 CNY at the end of the previous year[29] - The company reported cash inflows from financing activities of 65,713,356.03 CNY, compared to 96,846.42 CNY in the same period last year[28] - The company incurred a net cash outflow from investing activities of -30,533,567.60 CNY, compared to -22,240,123.52 CNY in the previous year[28] Assets and Liabilities - Total assets increased by 8.63% to ¥1,001,124,488.32 from ¥921,568,236.98 at the end of the previous year[5] - Current assets totaled CNY 491,435,462.11, up from CNY 433,712,106.69, indicating improved liquidity[21] - Total liabilities amounted to CNY 338,185,832.24, reflecting a stable financial structure[21] - The company’s total liabilities increased significantly, with short-term borrowings reaching ¥53,713,356.03, marking a 100% increase from zero at the beginning of the year[9] - The company reported a significant increase in inventory, which rose to CNY 248,088,657.90 from CNY 196,827,418.56, indicating potential challenges in sales[21] Research and Development - The company's R&D expenses rose by 32.10% to ¥7,170,342.43, up from ¥5,428,082.59 in the previous year[10] - R&D expenses rose to CNY 7,170,342.43, compared to CNY 5,428,082.59 in the previous year, indicating a focus on innovation[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 10,736[13] - The largest shareholder, Shanghai Feiyao Investment Management Co., holds 25.63% of shares, totaling 39,909,935 shares[13] - The second-largest shareholder, Takeda Koji, holds 11.06% of shares, totaling 17,225,262 shares[13] - The total number of restricted shares at the end of the period is 73,329,772 shares, with 651,725 shares released during the period[17] - The company has a total of 29,694,492 restricted shares held by Shanghai Feiyao Investment Management Co., which are not eligible for release until December 19, 2025[16] - The company has 1,080,000 shares held by Gong Lunyong that are frozen due to legal issues, pending resolution[17] Other Information - The company has not reported any new product developments or market expansions in the current quarter[18] - There are no significant mergers or acquisitions reported in the latest financial update[18] - The company has not provided specific future guidance or performance outlook in the current report[18] - The company has not undergone an audit for the Q1 2024 report[30]