MEILUN(603321)2025-04-28 10:30Financial Performance - The company's operating revenue for Q1 2025 was CNY 129,212,982.66, a decrease of 11.17% compared to CNY 145,463,850.03 in the same period last year[4] - Net profit attributable to shareholders of the listed company was CNY 4,284,549.19, down 94.16% from CNY 73,310,045.73 year-on-year[4] - Basic earnings per share decreased by 95.83% to CNY 0.01 from CNY 0.24 in the previous year[5] - Net profit for Q1 2025 was ¥4,097,316.69, a significant decline from ¥73,558,654.35 in Q1 2024[18] - The company reported a total comprehensive income attributable to the parent company of 3,483,980.30 RMB in the current period, compared to 73,329,296.98 RMB in the previous period[19] - Basic and diluted earnings per share were both 0.01 RMB, down from 0.24 RMB in the same quarter last year[19] Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 67,450,902.95, a decline of 457.31% compared to a positive CNY 18,877,222.71 in the same period last year[4] - In Q1 2025, the company reported a net cash flow from operating activities of -67,450,902.95 RMB, a significant decline compared to a positive cash flow of 18,877,222.71 RMB in Q1 2024[21] - Total cash inflow from operating activities was 184,299,579.38 RMB, down from 226,826,493.47 RMB in the same period last year[22] - The company incurred cash outflows of 251,750,482.33 RMB in operating activities, an increase from 207,949,270.76 RMB in Q1 2024[22] - Cash flow from financing activities was 13,200,000.00 RMB, a decrease from 19,300,000.00 RMB in Q1 2024[23] - The total cash and cash equivalents at the end of the period were 664,652,445.24 RMB, down from 777,437,068.18 RMB at the end of Q1 2024[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,926,330,595.51, down 5.79% from CNY 2,044,615,568.77 at the end of the previous year[5] - The company's total assets decreased to ¥1,926,330,595.51 in Q1 2025 from ¥2,044,615,568.77 in Q1 2024, reflecting a reduction of 5.78%[15] - Total liabilities decreased to ¥649,089,307.19 in Q1 2025 from ¥784,950,641.38 in Q1 2024, a decline of 17.26%[15] - The company's cash and cash equivalents showed a significant reduction, with total current assets at ¥1,168,374,131.42 in Q1 2025 compared to ¥1,294,919,567.06 in Q1 2024, a decrease of 9.77%[14] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,276[9] - The top two shareholders, Qian Xuelin and Qian Xuegen, hold 36.07% and 26.12% of the shares, respectively[9] - The company reported no significant changes in shareholder participation in margin trading and securities lending[10] Government Support and Other Income - The company received government subsidies amounting to CNY 1,386,458.40, which are closely related to its normal operations[6] - The company experienced a significant increase in other income, which rose to ¥3,050,801.89 in Q1 2025 from ¥17,616,228.73 in Q1 2024, indicating a shift in revenue sources[18] Research and Development - Research and development expenses for Q1 2025 were ¥6,463,052.37, down 24.56% from ¥8,591,982.52 in Q1 2024[18] Accounts Receivable - The company reported a decrease in accounts receivable to ¥226,795,665.54 in Q1 2025 from ¥261,688,895.64 in Q1 2024, a reduction of 13.33%[14] Investment Activities - Investment activities resulted in a net cash flow of -29,807,952.87 RMB, compared to -62,467,916.17 RMB in Q1 2024, indicating improved cash management[22] - The company received 39,000,000.00 RMB from investment recoveries, indicating ongoing investment activities[22] Equity - The total equity attributable to shareholders increased slightly to ¥1,234,961,104.08 in Q1 2025 from ¥1,230,397,510.66 in Q1 2024[15]