Taihe(605081)2025-04-29 13:18Financial Performance - The company's operating revenue for Q1 2025 was ¥30,259,715.12, a decrease of 22.29% compared to ¥38,939,378.30 in the same period last year[4] - The net profit attributable to shareholders was -¥5,813,135.12, representing a decline of 209.76% from a profit of ¥5,296,315.79 in the previous year[4] - The net cash flow from operating activities was -¥9,783,276.62, compared to -¥7,725,844.08 in the same period last year, indicating worsening cash flow[4] - Basic earnings per share decreased by 200.00% to -¥0.05 from ¥0.05 in the previous year[5] - The company reported a net loss of RMB -417,713,979.83 for Q1 2025, compared to a net loss of RMB -411,900,844.71 in Q1 2024[16] - Operating profit was recorded at -5,635,847.71 RMB, a decrease from the previous year's operating profit of 6,546,143.07 RMB[18] - The total comprehensive income attributable to the parent company's owners was -5,813,135.12 RMB, compared to 5,296,315.79 RMB in the prior year[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,404,097,473.51, down 7.97% from ¥1,525,768,444.25 at the end of the previous year[5] - Cash and cash equivalents decreased to RMB 123,104,988.07 as of March 31, 2025, from RMB 188,229,802.82 at the end of 2024, representing a decline of 34.6%[14] - Accounts receivable decreased to RMB 432,436,831.35 from RMB 585,085,036.52, a reduction of 26.0%[14] - Total liabilities decreased to RMB 434,168,993.08 from RMB 553,326,160.45, a reduction of 21.5%[16] - The company’s goodwill increased to RMB 16,871,004.35 from RMB 11,379,373.17, an increase of 48.4%[15] - The company’s non-current liabilities increased to RMB 97,020,978.67 from RMB 77,574,883.50, an increase of 24.9%[16] Shareholder Information - The number of common shareholders at the end of the reporting period was 12,706[10] - The largest shareholder, He Wenhui, holds 22.56% of the shares, totaling 25,553,567 shares, with 4,721,218 shares frozen[10] Research and Development - The company incurred research and development expenses of 1,586,954.93 RMB, down from 2,502,475.93 RMB in the previous year, representing a decrease of approximately 36.5%[18] Future Outlook - The company has not disclosed any new product developments or market expansion strategies in the current report[3] - The company plans to continue focusing on market expansion and new product development to improve future performance[23] Risk Factors - The company is under risk warning for potential delisting starting April 29, 2025, if financial indicators trigger mandatory delisting conditions[12] Other Income and Expenses - The company reported non-recurring gains and losses totaling -¥763,463.45 for the period[7] - The company reported a significant increase in other income, which rose to 39,113.95 RMB from 2,804,866.95 RMB in the previous year[18] - The company’s financial expenses included a net interest expense of 588,217.91 RMB, contrasting with a net income of -317,590.31 RMB in the previous year[18]