Financial Performance - The company's revenue for Q1 2025 reached ¥13,535.59 million, representing a 64.53% increase compared to ¥8,226.75 million in the same period last year[4] - The net profit attributable to shareholders was -¥3,020.37 million, worsening from -¥2,406.97 million year-on-year[4] - The basic and diluted earnings per share were both -¥0.0717, compared to -¥0.0567 in the same period last year[4] - The weighted average return on equity was -2.04%, compared to -1.50% in the previous year[4] - Total operating revenue for Q1 2025 reached RMB 135.36 million, a significant increase of 64.5% compared to RMB 82.27 million in Q1 2024[18] - Net loss for Q1 2025 was RMB 30.20 million, compared to a net loss of RMB 24.07 million in Q1 2024, reflecting an increase in losses of 25.5%[19] - The total comprehensive loss for Q1 2025 was RMB 29.61 million, compared to RMB 24.77 million in Q1 2024, indicating a worsening of comprehensive losses by 19.5%[19] Cash Flow and Liquidity - The net cash flow from operating activities was -¥2,254.64 million, an improvement from -¥3,127.36 million in the previous year[4] - Operating cash flow for Q1 2025 showed a net outflow of RMB 22.55 million, an improvement from a net outflow of RMB 31.27 million in Q1 2024[22] - Cash and cash equivalents decreased to RMB 482,649,011.58 from RMB 585,736,176.77, reflecting a decline of approximately 17.6%[15] - Cash and cash equivalents at the end of Q1 2025 totaled RMB 482.65 million, down from RMB 884.24 million at the end of Q1 2024[23] - The company reported a significant increase in investment cash inflow, totaling RMB 1.29 billion in Q1 2025, compared to RMB 200.14 million in Q1 2024[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥161,058.07 million, a decrease of 2.51% from ¥165,198.50 million at the end of the previous year[6] - The company's current assets totaled RMB 1,443,815,384.26, slightly down from RMB 1,463,977,541.95 in the previous period[15] - The company's total liabilities increased to RMB 158,625,260.46 from RMB 142,446,265.59, representing a rise of about 11.4%[17] - The equity attributable to the parent company decreased to RMB 1,451,955,409.94 from RMB 1,509,538,738.81, indicating a decline of approximately 3.8%[17] - The total non-current liabilities decreased to RMB 15,822,440.19 from RMB 17,444,301.96, a reduction of about 9.3%[17] Research and Development - Research and development expenses totaled ¥2,466.27 million, accounting for 18.22% of revenue, down from 30.55% in the previous year, a decrease of 12.33 percentage points[6] - The company incurred research and development expenses of RMB 24.66 million in Q1 2025, slightly down from RMB 25.13 million in Q1 2024[18] Other Financial Metrics - The company reported non-recurring gains of ¥287.47 million, including government subsidies of ¥22.45 million and fair value changes of financial assets of ¥268.64 million[9] - The increase in revenue was primarily driven by a significant growth in product sales, particularly Wi-Fi 7 technology[9] - The company's retained earnings showed a negative balance of RMB 211,089,912.51, worsening from a negative RMB 180,886,187.73 in the previous period[17] - Accounts receivable stood at RMB 194,224,651.18, slightly down from RMB 199,196,632.05, a decrease of about 2.5%[15] - The company’s inventory decreased to RMB 315,307,531.73 from RMB 333,004,888.13, reflecting a decline of approximately 5.3%[15] - The company experienced a foreign exchange loss of RMB 165,154.04 in Q1 2025, compared to a gain of RMB 169,709.80 in Q1 2024[23] - The company reported a short-term loan of RMB 51,000,000.00, up from RMB 30,000,000.00, marking a 70% increase[16]
康希通信(688653) - 2025 Q1 - 季度财报