G-bits(603444)2025-04-23 10:05Financial Performance - The company's revenue for Q1 2025 reached ¥1,135,663,700.45, representing a year-over-year increase of 22.47% compared to ¥927,265,003.93 in the same period last year[5]. - Net profit attributable to shareholders was ¥283,308,836.76, an increase of 11.82% from ¥253,363,007.32 in the previous year[5]. - The net profit after deducting non-recurring gains and losses was ¥274,610,888.53, showing a significant increase of 38.71% compared to ¥197,973,093.10 in the same period last year[5]. - The total revenue from self-developed games in Q1 2025 was ¥12.55 billion, a 16.63% increase from ¥10.76 billion in the same period last year[8]. - The overseas gaming business generated ¥1.17 billion in revenue, a decrease of 15.95% year-over-year[10]. - The company's net profit attributable to shareholders decreased by 1.43% to ¥283,308,836.7 in Q1 2025 compared to Q4 2024, influenced by increased foreign exchange losses[26]. - In Q1 2025, the net profit reached CNY 379,156,191.23, a 27% increase compared to CNY 298,930,831.37 in Q1 2024[39]. - The total revenue from sales of goods and services was CNY 1,162,216,229.63, up from CNY 982,001,615.01 in the same period last year, representing an increase of approximately 18.3%[42]. - Operating profit for Q1 2025 was CNY 420,647,584.86, compared to CNY 350,099,319.91 in Q1 2024, reflecting a growth of about 20.1%[39]. Cash Flow and Investments - The net cash flow from operating activities decreased by 7.73% to ¥212,744,617.25 compared to ¥230,570,533.67 in the previous year[5][15]. - The company reported a foreign exchange loss of ¥2,785,000 in Q1 2025, compared to a gain of ¥9,481,700 in the same period last year, resulting in a year-over-year decrease of ¥12,266,700[14]. - The company’s cash flow from operating activities increased by 15.72% due to the launch of "Wanjian Changsheng," which contributed additional cash inflow[15]. - Net cash flow from investment activities increased significantly by 222.98% to ¥354,154,852.35, driven by the redemption of financial products and government bonds exceeding purchase amounts[24]. - The company reported investment income of CNY 34,950,583.45, down from CNY 58,507,258.44 in the previous year, a decline of about 40.3%[39]. - The net cash flow from investment activities was -19.01 million in Q1 2024, indicating a shift of approximately 226.1%[55]. - The net increase in cash and cash equivalents for Q1 2025 was -29.83 million in Q1 2024, marking a change of approximately 218.5%[56]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,178,705,197.13, up 3.69% from ¥6,923,548,235.25 at the end of the previous year[6]. - Current assets as of March 31, 2025, totaled CNY 4,609,556,082.60, compared to CNY 4,288,792,155.47 at the end of 2024, representing a growth of 7.5%[34]. - Total liabilities decreased to CNY 1,168,518,040.79 as of March 31, 2025, down from CNY 1,290,076,287.07 at the end of 2024, a reduction of 9.4%[36]. - Shareholders' equity increased to CNY 6,010,187,156.34 as of March 31, 2025, compared to CNY 5,633,471,948.18 at the end of 2024, reflecting an increase of 6.7%[36]. - The total liabilities decreased to CNY 123,852,716.10 as of March 31, 2025, down from CNY 142,896,311.42 on December 31, 2024, indicating a reduction of about 13.3%[48]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,478[30]. - The top shareholder, Lu Hongyan, holds 29.72% of the shares, totaling 21,412,615 shares[30]. Research and Development - Research and development expenses were CNY 180,502,566.99, slightly down from CNY 185,749,976.17 in Q1 2024, indicating a decrease of approximately 2.7%[39]. - Research and development expenses for the first quarter of 2025 were CNY 32,657,065.22, slightly lower than CNY 34,628,750.06 in the first quarter of 2024[51]. Other Financial Metrics - The total comprehensive income for Q1 2025 was CNY 376,715,208.15, an increase from CNY 302,419,140.46 in Q1 2024, representing a growth of about 24.5%[40]. - Basic earnings per share increased to CNY 3.93 from CNY 3.52, reflecting a growth of approximately 11.7%[40]. - The company reported a decrease in other comprehensive income, with a net amount of -CNY 133,236.11 for the first quarter of 2025, compared to no amount reported in the first quarter of 2024[52].