延华智能(002178) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥118,810,984.84, a decrease of 20.65% compared to ¥149,729,406.60 in the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥5,066,796.59, slightly worsening by 1.47% from a loss of ¥4,993,149.63 in the previous year[3]. - Total operating revenue decreased to ¥118,810,984.84 from ¥149,735,780.12, a decline of approximately 20.6% year-over-year[23]. - Net profit for the period was a loss of ¥3,464,369.15, improving from a loss of ¥5,745,229.61 in the previous period[24]. - The company reported a total comprehensive loss of ¥3,464,369.15, improving from a loss of ¥5,745,229.61 in the previous period[25]. - Basic and diluted earnings per share were both -¥0.0071, compared to -¥0.0070 in the previous period[25]. Cash Flow - The net cash flow from operating activities improved by 21.02%, amounting to -¥42,714,022.68 compared to -¥54,081,564.55 in the previous year[3]. - Operating cash inflow decreased to ¥102,857,043.42 from ¥177,547,182.22, a decline of approximately 42.0% year-over-year[26]. - Cash outflows from operating activities totaled $145.57 million, down from$231.63 million, indicating a reduction of about 37%[27]. - The net cash flow from investing activities was -$19.02 million, compared to -$36.42 million, reflecting a 48% improvement[27]. - Cash inflows from financing activities amounted to $61.10 million, up from$36.88 million, representing a growth of approximately 65%[27]. - The net cash flow from financing activities was $20.12 million, a significant recovery from -$8.16 million in the previous period[27]. - The ending cash and cash equivalents balance was $155.82 million, down from$243.89 million, a decrease of about 36%[27]. - Cash paid to employees was $38.49 million, compared to$46.36 million, indicating a reduction of approximately 17%[27]. - Cash paid for taxes was $5.09 million, down from$6.97 million, reflecting a decrease of about 27%[27]. - Cash paid for other operating activities was $12.26 million, compared to$26.57 million, showing a reduction of approximately 54%[27]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,403,761,711.74, a decrease of 0.59% from ¥1,412,054,157.94 at the end of the previous year[3]. - The company's current liabilities totaled CNY 752,150,062.33, slightly down from CNY 758,148,286.60 at the beginning of the period[20]. - The total liabilities amounted to ¥836,945,432.77, slightly down from ¥841,773,509.82[21]. - Total non-current liabilities increased to ¥84,795,370.44 from ¥83,625,223.22, an increase of about 1.4%[21]. - The company's total equity decreased to ¥566,816,278.97 from ¥570,280,648.12, a decline of approximately 0.8%[21]. - Cash and cash equivalents decreased to CNY 163,241,309.91 from CNY 202,511,053.30 at the beginning of the period[19]. Research and Development - The company's R&D expenses decreased by 34.96% compared to the previous year, primarily due to the software development project entering a different phase[8]. - Research and development expenses were ¥6,430,410.37, down from ¥9,886,997.77, a decrease of about 34.9% year-over-year[24]. Guarantees and Contracts - The company provided a joint liability guarantee for a bank credit application of CNY 20 million by its wholly-owned subsidiary, Shanghai Yanshi Electronics Technology Co., Ltd.[12]. - The company continues to provide a joint liability guarantee for a CNY 5 million loan renewal for its controlling subsidiary, Shanghai Dongfang Yanhua Energy Saving Technology Service Co., Ltd.[12]. - The company has guaranteed a maximum debt amount of CNY 33 million for its controlling subsidiary, Chengdu Chengdian Yixing Digital Health Software Co., Ltd.[12]. - The company’s controlling subsidiary, Dongfang Yanhua, won a contract for an energy management project with a bid amount of CNY 109,471,400.[17]. - The company plans to introduce a state-owned investor to its controlling subsidiary, Chengdu Yixing Technology Co., Ltd., with an investment of CNY 75 million, changing its status from a controlling subsidiary to an associate company.[18]. Accounting and Auditing - The company corrected prior accounting errors in its 2022 semi-annual and third-quarter reports, which did not affect the equity of the company as of the end of 2022.[14]. - The company has not yet audited the first quarter report, which may impact the reliability of the financial data presented[29].