QCIOT(688528)2025-04-28 13:35Financial Performance - The company's revenue for Q1 2025 was ¥56,208,288.40, a decrease of 44.56% compared to ¥101,390,072.23 in the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥29,845,590.65, compared to a loss of ¥6,133,831.55 in the previous year[3]. - The net cash flow from operating activities was a negative ¥25,081,081.18, worsening from a negative ¥14,343,923.24 year-on-year[3]. - Total operating revenue for Q1 2025 was ¥56,208,288.40, a decrease of 44.6% compared to ¥101,390,072.23 in Q1 2024[19]. - Net loss for Q1 2025 was ¥29,884,504.31, compared to a net loss of ¥5,961,840.77 in Q1 2024, representing a significant increase in losses[21]. - The company reported a basic and diluted earnings per share of -¥0.190 for Q1 2025, compared to -¥0.037 in Q1 2024[21]. - The net profit for Q1 2025 was a loss of CNY 24,971,780.76, compared to a loss of CNY 2,068,627.24 in Q1 2024, indicating a significant decline in profitability[34]. Cash Flow and Liquidity - Operating cash flow for Q1 2025 was -¥25,081,081.18, worsening from -¥14,343,923.24 in Q1 2024[24]. - Cash received from sales of goods and services in Q1 2025 was ¥59,983,653.53, down from ¥65,601,714.07 in Q1 2024[24]. - The company's cash and cash equivalents are reported at ¥88,252,696.91, compared to ¥86,798,959.42 at the end of 2024[13]. - The total cash and cash equivalents at the end of the period were CNY 83,763,838.98, down from CNY 163,769,849.35 at the beginning of the period, reflecting a decrease of 48.9%[34]. - The net cash flow from financing activities was CNY 26,642,171.51, a recovery from a negative cash flow of CNY 81,048,479.87 in the previous period[34]. - The cash inflow from operating activities was CNY 56,759,446.87, a decrease of 15.6% compared to CNY 67,261,040.72 in Q1 2024[38]. - The net cash flow from operating activities was -CNY 21,192,556.04, worsening from -CNY 9,007,638.50 in the same period last year[38]. Assets and Liabilities - Total assets at the end of the reporting period were ¥894,358,752.33, a decrease of 1.50% from ¥907,995,626.34 at the end of the previous year[4]. - The total liabilities amount to ¥269,655,221.90, down from ¥296,685,057.20[15]. - The company has a short-term loan of ¥64,057,963.88, reduced from ¥74,068,505.55[15]. - The company’s long-term borrowings increased to ¥58,140,000.00 from ¥39,390,000.00[15]. - The total liabilities increased to ¥377,396,693.78 in the latest reporting period, compared to ¥361,449,063.48 previously[16]. - The total owner's equity decreased to CNY 553,949,504.37 from CNY 577,838,969.65, a decline of 4.1%[31]. Research and Development - R&D investment totaled ¥13,149,203.09, down 19.39% from ¥16,311,658.76 in the previous year, representing 23.39% of revenue, an increase of 7.30 percentage points[3][4]. - Research and development expenses for Q1 2025 were CNY 11,832,420.45, down from CNY 15,333,413.69 in Q1 2024, indicating a 22.3% reduction[34]. Market and Competition - The company experienced a decline in sales volume and price for its IoT smart gas meter business due to intensified industry competition, impacting overall revenue[8]. - The smart sensor business is in the early stages of market expansion, with sales growth insufficient to offset the decline in gas meter revenue[8]. - The company reported a decrease in gross margin due to low capacity utilization rates and high fixed costs, including depreciation and labor costs[8]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 5,821[10]. - The largest shareholder, Shao Zehua, holds 101,165,281 shares, representing 60.22% of the total shares[10]. - Shareholders' equity attributable to shareholders decreased by 5.47% to ¥515,616,518.97 from ¥545,462,109.62 at the end of the previous year[4].