CYTS(600138)2025-04-29 14:03Financial Performance - The company's operating revenue for Q1 2025 was CNY 2,053,762,556.79, representing a 6.84% increase compared to CNY 1,922,317,820.37 in the same period last year[3]. - The net profit attributable to shareholders was a loss of CNY 33,705,204.97, compared to a loss of CNY 28,998,995.53 in the previous year, indicating a worsening performance[3]. - The basic and diluted earnings per share were both -CNY 0.0466, compared to -CNY 0.0401 in the previous year, reflecting a decline in profitability[3]. - The company reported a comprehensive loss of ¥49,375,142.24 for Q1 2025, compared to a loss of ¥48,923,521.57 in Q1 2024[23]. - The net profit for Q1 2025 was a loss of ¥29,963,218.67, compared to a loss of ¥8,152,419.62 in Q1 2024, indicating a significant increase in losses[34]. - The company experienced a total comprehensive loss of ¥29,961,751.63 in Q1 2025, compared to a loss of ¥8,155,353.70 in Q1 2024[34]. Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 165.95%, resulting in a negative cash flow of CNY 19,473,918.98, down from a positive CNY 29,529,653.16 in the same period last year[3][6]. - The net cash flow from operating activities was -19,473,918.98, compared to 29,529,653.16 in the previous period, indicating a significant decline[25]. - Cash and cash equivalents at the end of the period totaled 1,188,391,674.39, down from 1,040,542,376.29, a decrease of about 14.2%[26]. - The net cash flow from operating activities for Q1 2025 was a negative ¥32,004,591.34, worsening from a negative ¥10,760,217.56 in Q1 2024[37]. - Cash and cash equivalents at the end of Q1 2025 stood at ¥134,535,602.93, down from ¥215,565,896.73 at the end of Q1 2024[37]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 17,572,929,352.65, a decrease of 0.67% from CNY 17,691,336,640.63 at the end of the previous year[3]. - The total liabilities as of the latest reporting period were ¥9,125,297,490.72, slightly down from ¥9,196,779,636.47 in the previous period[19]. - The company's total equity decreased to 3,260,244,037.47 from 3,290,205,789.10, reflecting a decline of about 0.9%[30]. Revenue Sources and Business Segments - The Wuzhen scenic area received 1.3803 million visitors, generating revenue of 312 million RMB and a net profit of 21.43 million RMB through refined management[10]. - The Gubei Water Town received 169,900 visitors, achieving revenue of 80.273 million RMB, but continued to face net profit pressure due to limited cost-cutting opportunities[12]. - The travel agency business saw revenue growth, with net profit turning positive, supported by over 1,000 products covering more than 100 destinations globally[13]. - The hotel business experienced a revenue decline due to the closure of underperforming locations, but net profit showed improvement[14]. - Strategic investment business maintained stable development, contributing revenue of 928 million RMB and a net profit of 11.57 million RMB[15]. Shareholder Information - The company had a total of 66,521 common shareholders at the end of the reporting period[8]. - The largest shareholder, China Youth Travel Group Co., Ltd., held 125,752,786 shares, accounting for 17.37% of the total shares[8]. Investment and Expenses - Research and development expenses for Q1 2025 amounted to ¥2,040,206.20, compared to ¥1,819,257.48 in Q1 2024, indicating a rise of 12.13%[22]. - The company reported an investment loss of ¥18,796,688.31 in Q1 2025, compared to a loss of ¥7,510,285.49 in Q1 2024, indicating a worsening investment performance[33]. - The cash outflow for investment activities in Q1 2025 was ¥621,380,700.00, significantly higher than ¥106,781,700.00 in Q1 2024[37].