Financial Performance - The company's operating revenue for Q1 2025 was ¥1,192,621,946.44, a decrease of 10.89% compared to ¥1,338,325,462.46 in the same period last year[5] - Net profit attributable to shareholders increased by 36.92% to ¥78,243,568.74 from ¥57,144,813.69 year-on-year[5] - Basic and diluted earnings per share rose by 51.91% to ¥0.0714 from ¥0.047 in the same period last year[5] - Total operating revenue decreased to ¥1,192,621,946.44 from ¥1,338,325,462.46, representing a decline of approximately 10.9% year-over-year[22] - Net profit increased to ¥150,786,140.89 from ¥120,498,996.21, reflecting a growth of approximately 25.1% year-over-year[23] - The net profit attributable to the parent company was 60,361,110.90 yuan, compared to a loss of 16,985,555.15 yuan in the previous period, indicating a significant recovery[24] - The total comprehensive income attributable to the parent company was 60,361,110.90 yuan, a recovery from a loss of 16,985,555.15 yuan in the previous period[24] Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 71.09% to ¥128,858,854.75 from ¥445,733,330.11 in the previous year[5] - The company reported a net cash outflow from investment activities of ¥521,386,830.28, a significant decrease compared to the previous year's inflow of ¥30,801,106.58[11] - The company's cash and cash equivalents decreased to ¥2,126,846,826.49 from ¥2,844,422,669.00, representing a decline of approximately 25.2%[18] - Total cash inflow from operating activities was 1,191,691,671.03 yuan, while cash outflow was 1,062,832,816.28 yuan, resulting in a net cash flow from operating activities of 128,858,854.75 yuan[26] - Investment activities resulted in a net cash outflow of 521,386,830.28 yuan, a significant decline compared to a net inflow of 30,801,106.58 yuan in the previous period[26] - Cash and cash equivalents decreased by 726,595,921.24 yuan, ending the period at 2,057,745,918.14 yuan compared to 1,688,043,532.73 yuan in the previous period[27] - The company received 508,129,093.17 yuan from borrowings, down from 1,312,238,133.64 yuan in the previous period, indicating reduced financing activity[26] - The company reported a total cash inflow from financing activities of 2,507,675,377.42 yuan, slightly down from 2,510,214,900.76 yuan in the previous period[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥20,138,877,975.78, a decrease of 1.02% from ¥20,347,247,556.70 at the end of the previous year[5] - Current liabilities increased to ¥4,733,057,801.96 from ¥4,158,687,462.75, an increase of approximately 13.8%[20] - Non-current liabilities decreased to ¥6,340,922,185.16 from ¥6,637,097,762.58, a reduction of about 4.5%[20] - The total equity attributable to shareholders decreased to ¥6,064,003,586.28 from ¥6,623,910,165.05, a decline of approximately 8.4%[20] Expenses and Income - Sales expenses decreased by 60.34% to ¥15,612,886.72, primarily due to the exclusion of Zhuhai Coca-Cola from consolidation[9] - Other income increased by 58.48% to ¥9,525,346.48, mainly from government subsidies received during the reporting period[9] - Research and development expenses remained stable at ¥11,840,893.48 compared to ¥11,934,670.74, indicating a slight decrease of about 0.8%[23] - The company reported an increase in investment income to ¥26,097,110.37 from ¥27,175,668.20, a decrease of approximately 4.0%[23] Shareholder Information - The company repurchased 14,130,000 shares, accounting for 1.54% of the total share capital as of March 31, 2025[14] - The largest shareholder, Zhuhai Port Holdings Group Co., Ltd., holds 275,747,150 shares, representing a significant portion of the company's equity[14] - Shareholder Liu Zhengping participated in margin trading with 2,784,981 shares, while shareholder Zhou Weicheng participated with 1,509,000 shares[14] Strategic Initiatives - The company successfully issued three phases of short-term financing bonds, enhancing its liquidity position[16] - The company has plans for market expansion and new product development, although specific details were not disclosed in the call[16] - The company is exploring new strategies for growth, including potential mergers and acquisitions, to strengthen its market position[16] Financial Ratios - The company's weighted average return on equity increased to 1.28% from 0.96% year-on-year[5] - Trading financial assets increased significantly to ¥470,299,190.21 from ¥3,005,785.45, indicating a growth of over 15,600%[18] - Accounts receivable rose to ¥1,441,570,280.81 from ¥1,384,169,911.70, reflecting an increase of about 4.1%[18]

Financial Performance - The company's operating performance improved year-on-year, with a total profit loss reduced by RMB 1.091 billion, and a significant improvement in sales profit margin despite a challenging steel market [5]. - The net profit attributable to shareholders was a loss of RMB 554 million, an improvement of 66.55% compared to the previous year's loss of RMB 1.657 billion [9]. - The weighted average return on net assets improved by 1.90 percentage points, reaching -1.17% [9]. - Total operating revenue for Q1 2025 was RMB 25,079 million, a decrease of 9.9% compared to RMB 27,831 million in Q1 2024 [29]. - Net profit for Q1 2025 was a loss of RMB 541 million, an improvement from a loss of RMB 1,647 million in Q1 2024 [29]. - The company reported a comprehensive loss of RMB 541 million for Q1 2025, compared to a comprehensive loss of RMB 1,647 million in Q1 2024 [29]. - Net profit for Q1 2025 was a loss of RMB 504 million, compared to a loss of RMB 1,519 million in Q1 2024, indicating an improvement [38]. Costs and Expenses - The cost per ton of steel decreased by RMB 102 compared to the previous year, with external energy costs down by 10% and pig iron costs down by 12% [5]. - Total operating costs for Q1 2025 were RMB 25,734 million, down 12.8% from RMB 29,529 million in Q1 2024 [29]. - Total operating costs for Q1 2025 were RMB 22,054 million, down 13% from RMB 25,451 million in Q1 2024 [38]. - Research and development expenses increased by RMB 37 million due to higher investments in external collaborative projects and national research topics [13]. - Research and development expenses increased to RMB 118 million in Q1 2025, up 45.7% from RMB 81 million in Q1 2024 [29]. - Research and development expenses increased to RMB 105 million in Q1 2025, up 59% from RMB 66 million in Q1 2024 [38]. Assets and Liabilities - The company's total assets decreased slightly by 0.06% to RMB 100.516 billion compared to the end of the previous year [9]. - Total liabilities as of March 31, 2025, were RMB 52,349 million, slightly up from RMB 51,907 million at the end of 2024 [27]. - Total shareholders' equity decreased to RMB 48,167 million as of March 31, 2025, down from RMB 48,671 million at the end of 2024 [27]. - Short-term borrowings increased significantly to RMB 7,420 million as of March 31, 2025, from RMB 1,174 million at the end of 2024 [27]. - Long-term borrowings decreased significantly to RMB 4,376 million from RMB 10,862 million at the end of 2024, a reduction of 60% [36]. - Current liabilities increased to RMB 43,871 million as of March 31, 2025, up 20% from RMB 36,582 million at the end of 2024 [36]. Cash Flow - Net cash flow from operating activities decreased by RMB 322 million year-on-year, with a reduction in cash inflow from steel sales prices contributing to a decrease of RMB 1,872 million [19]. - Cash flow from operating activities for Q1 2025 was RMB 381 million, a decrease from RMB 703 million in Q1 2024 [30]. - Cash flow from operating activities for Q1 2025 was RMB 400 million, a decrease of 51% from RMB 823 million in Q1 2024 [40]. - The net increase in cash and cash equivalents decreased by RMB 1,125 million year-on-year, attributed to reduced operating cash flow and increased investment expenditures [19]. - Cash and cash equivalents at the end of Q1 2025 were RMB 3,311 million, compared to RMB 3,211 million at the end of Q1 2024 [32]. - The company reported a cash and cash equivalents balance of RMB 1,729 million at the end of Q1 2025, compared to RMB 1,372 million at the end of Q1 2024 [40]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 98,357 [22]. - The largest shareholder, Anshan Iron and Steel Group Co., Ltd., holds 53.54% of the shares, totaling 5,016,111,529 shares [22]. Product Development - The proportion of high-end products increased by 3.28 percentage points compared to targets, with record production in cold-rolled products and significant export growth, exceeding plans by 11.1% [6]. - The company launched a new product for battery shell steel (ALDCK), marking its entry into the battery shell industry [6]. Contract Execution and Operational Efficiency - The execution rate of lifetime contracts improved by 3.2 percentage points year-on-year, indicating enhanced operational efficiency [6].

Financial Performance - The company's operating revenue for Q1 2025 was ¥86,088,903.02, representing a 42.85% increase compared to ¥60,263,577.18 in the same period last year[5]. - The net profit attributable to shareholders was ¥2,571,233.02, a significant recovery from a loss of ¥1,999,726.46 in the previous year[5]. - The net profit after deducting non-recurring gains and losses was ¥2,095,939.20, compared to a loss of ¥2,209,322.27 in the same period last year[5]. - The company's gross profit margin improved due to increased sales of fiber optic cables and online monitoring products, leading to a rise in operating income[8]. - The net profit for the current period was ¥2,831,008.13, compared to a net loss of ¥1,680,966.28 in the previous period, marking a turnaround[27]. - The operating profit for the current period was ¥3,086,186.54, a recovery from an operating loss of ¥2,031,177.54 in the previous period[26]. - The total comprehensive income for the current period was ¥2,831,008.13, compared to a comprehensive loss of ¥1,680,966.28 in the previous period[27]. - The company reported a basic and diluted earnings per share of ¥0.013, recovering from a loss of ¥0.010 in the previous period[27]. Cash Flow and Assets - The company's cash flow from operating activities was ¥19,473,306.99, showing a slight decrease of 0.03% from ¥19,478,238.57 in the previous year[5]. - The company's cash and cash equivalents increased to ¥86,585,429.79 from ¥78,245,253.50, reflecting a growth of approximately 17.5%[24]. - Cash flow from investing activities showed a net inflow of ¥1,634,070.23, compared to a net outflow of ¥719,110.77 in the previous period[30]. - Cash flow from financing activities resulted in a net outflow of ¥10,816,566.68, contrasting with a net inflow of ¥3,421,594.44 in the previous period[30]. - The ending cash and cash equivalents balance was ¥86,176,757.76, down from ¥102,320,362.40 at the end of the previous period[30]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 18,952[10]. - The largest shareholder, Beijing Dingyun Technology Development Co., Ltd., holds 14.10% of shares, totaling 27,273,330 shares[10]. - Guangzhou Huifu Qiji Investment Partnership holds 13.75% of shares, totaling 26,600,000 shares, which are currently frozen[10]. - The third largest shareholder, Quanzhou Shenghui Investment Co., Ltd., holds 5.00% of shares, totaling 9,672,301 shares[10]. - The company has a total of 9,410,000 shares held by individual shareholder Jiang Guoxiang, representing 4.86%[10]. - The company has reported that 2,960,000 shares held by Huifu Qiji are subject to court-ordered freezing[15]. - As of May 16, 2023, 29,600,000 shares held by Huifu Qiji were under judicial freeze[16]. - A total of 4,000,000 shares held by Huifu Qiji are subject to a three-year freeze, with staggered expiration dates[17]. - The company completed the judicial auction of 3,000,000 shares held by Huifu Qiji, which were acquired by board member Liu Zhongyi[18]. - The shares acquired by Liu Zhongyi were successfully transferred and the corresponding judicial freeze was lifted[18]. Liabilities and Equity - Total assets at the end of the reporting period were ¥556,195,432.77, down 1.58% from ¥565,126,857.95 at the end of the previous year[5]. - Current liabilities decreased to ¥213,664,769.22 from ¥224,852,793.67, a reduction of about 5.0%[25]. - Total liabilities decreased to ¥223,431,812.89 from ¥235,194,246.20, showing a decline of approximately 5.0%[25]. - The company's retained earnings increased to ¥50,464,124.88 from ¥47,892,891.86, reflecting a growth of approximately 5.3%[25]. - The total equity attributable to shareholders increased to ¥326,446,633.89 from ¥323,875,400.87, a rise of about 0.8%[25]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[8]. - The company is currently focused on the liquidation process of the asset management plan, with no finalized plan yet[19]. - The company is involved in ongoing litigation related to agreements with Mingjun Group Technology Co., Ltd. and Liu Zhongyi, with multiple court documents received in 2023[20][21][22].

Financial Performance - The company's operating revenue for Q1 2025 was ¥194,346,886.95, a decrease of 23.86% compared to ¥255,260,613.03 in the same period last year[5] - The net profit attributable to shareholders was -¥32,502,833.14, representing a decline of 51.09% from -¥21,512,730.42 year-over-year[5] - The net cash flow from operating activities was -¥110,301,831.19, a decrease of 65.63% compared to -¥66,595,477.24 in the previous year[5] - The company's basic earnings per share were -¥0.0408, a decrease of 24.77% from -¥0.0327 in the same period last year[5] - Total operating revenue decreased to ¥194,346,886.95 from ¥255,260,613.03, representing a decline of approximately 23.9% year-over-year[22] - Net profit for the period was a loss of ¥32,310,104.43, compared to a loss of ¥21,441,493.33 in the previous period, indicating a worsening of approximately 50.5%[23] - Operating cash inflow from sales was ¥178,735,177.52, down from ¥273,202,473.82, a decrease of about 34.7% year-over-year[25] - The company's total liabilities decreased to ¥1,309,189,563.77 from ¥1,478,858,872.99, a reduction of about 11.5%[20] - The company reported a basic and diluted earnings per share of -0.0408, compared to -0.0327 in the previous period, indicating a decrease in earnings performance[24] Asset and Equity Changes - Total assets at the end of the reporting period were ¥3,540,377,195.85, down 5.40% from ¥3,742,356,609.49 at the end of the previous year[5] - The total equity attributable to shareholders decreased by 1.44% to ¥2,225,573,407.31 from ¥2,258,076,240.45 at the end of the previous year[5] - Cash and cash equivalents decreased from RMB 967,956,463.37 to RMB 485,452,922.16, a decline of approximately 50%[19] - The total assets decreased from RMB 3,742,356,609.49 to RMB 3,540,377,195.85, reflecting a reduction of about 5.4%[19] - The total current liabilities decreased from RMB 350,207,045.55 to RMB 300,540,957.21, a decrease of approximately 14.2%[19] - Total equity attributable to shareholders decreased to ¥2,225,573,407.31 from ¥2,258,076,240.45, a decline of approximately 1.4%[20] Cash Flow and Financing Activities - The net cash flow from operating activities was -$110.30 million, compared to -$66.60 million in the previous period, indicating a decline in operational cash generation[26] - The total cash inflow from investment activities was $2.41 billion, up from $1.48 billion, while cash outflow for investment activities increased to $2.71 billion from $1.82 billion, resulting in a net cash flow from investment activities of -$296.13 million[26] - Cash inflow from financing activities was $30.00 million, a decrease from $190.00 million, while cash outflow increased to $6.04 million from $337.55 million, leading to a net cash flow from financing activities of $23.96 million[26] - The net increase in cash and cash equivalents was -$382.47 million, compared to -$553.17 million in the previous period, reflecting an improvement in cash management[26] - The ending balance of cash and cash equivalents was $437.22 million, down from $644.46 million, indicating a significant reduction in liquidity[26] Expenses and Management - Management expenses increased by 52.04% year-over-year, primarily due to increased employee severance benefits[8] - Financial expenses decreased by 94.99% year-over-year, as the convertible bonds were redeemed in 2024, eliminating the need to accrue interest[8] - The company’s research and development expenses were ¥6,291,385.13, slightly down from ¥7,008,262.76, a decrease of about 10.2% year-over-year[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 44,149[14] - The largest shareholder, Del Group Limited, holds 44.76% of shares, amounting to 356,831,040 shares, with 150,000,000 shares pledged[14] - The company has repurchased 23,986,002 shares for a total amount of RMB 111,466,132.02, intended for the conversion of issued convertible bonds[16] - The company has not disclosed any related party relationships or concerted actions among the top shareholders[15] Future Outlook and Strategic Focus - The company is focused on improving cash flow management and reducing operational losses in the upcoming quarters[26] - There were no significant new product launches or technological advancements mentioned during the call, indicating a potential area for future growth[26] - The company is exploring market expansion opportunities, although specific strategies were not detailed in the report[26] - The company has not yet adopted the new accounting standards that will take effect in 2025, which may impact future financial reporting[27] - The first quarter report was not audited, which may affect the reliability of the financial data presented[27] Receivables and Asset Management - The company reported a 100% increase in receivables financing compared to the previous period, attributed to an increase in bank acceptance bills received[10] - The company experienced a 5825.20% increase in cash recovered from the disposal of fixed assets, intangible assets, and other long-term assets, due to gains from the sale of idle assets[12] - The inventory balance decreased from RMB 636,169,436.88 to RMB 616,897,288.23, a decline of approximately 3%[19] - The company has a total of RMB 287,357,288.50 in debt investments, down from RMB 423,205,982.93, a decrease of about 32%[19]

Financial Performance - The company's revenue for Q1 2025 reached ¥238,392,428.98, representing a 21.34% increase compared to ¥196,458,825.74 in the same period last year[5] - Net profit attributable to shareholders was ¥34,043,369.48, a significant increase of 67.91% from ¥20,274,496.98 year-on-year[5] - Basic and diluted earnings per share improved to ¥0.4199, reflecting a 70.28% increase from ¥0.2466 in the previous year[5] - Total operating revenue for the current period reached ¥238,392,428.98, an increase of 21.4% compared to ¥196,458,825.74 in the previous period[23] - Net profit attributable to the parent company was ¥34,043,369.48, representing a 67.8% increase from ¥20,274,496.98 year-over-year[25] Cash Flow - The net cash flow from operating activities surged to ¥25,677,027.31, marking a remarkable increase of 684.01% compared to ¥3,275,092.73 in Q1 2024[5] - Cash generated from operating activities was ¥230,061,540.21, compared to ¥191,623,470.68 in the previous period, indicating a 20.0% increase[27] - The company maintained a stable cash flow position, with no significant changes in financing activities reported[27] - The company’s cash flow from operating activities was impacted by tax payments totaling ¥27,288,637.28, significantly higher than ¥1,702,822.43 in the previous period, suggesting changes in tax obligations[28] Assets and Liabilities - Total assets at the end of Q1 2025 were ¥1,427,348,039.74, up 3.31% from ¥1,381,600,194.45 at the end of the previous year[5] - Total current assets increased to ¥1,270,345,597.11 from ¥1,222,592,637.13, reflecting a growth of approximately 3.5%[19] - Total liabilities rose to ¥196,891,736.93, up from ¥185,842,630.82, reflecting a growth of 5.6%[21] - Total equity attributable to shareholders increased to ¥1,224,828,887.90 from ¥1,190,029,900.23, marking a growth of 2.9%[21] Investments - The company reported a significant increase in trading financial assets, which rose by 323.14% to ¥196,440,246.01 due to an increase in unredeemed financial products[10] - The company experienced a 149.12% increase in investment income, reaching ¥597,599.65, primarily due to higher returns from financial products[12] - The net cash outflow from investment activities was -¥153,955,122.35, an increase of 86.04% in outflow compared to -¥82,753,109.54 in the same period last year[14] Shareholder Information - Total number of common shareholders at the end of the reporting period is 11,500[16] - The largest shareholder, Shenzhen Jialun Investment Development Co., Ltd., holds 60.91% of shares, totaling 50,225,100 shares[16] - The company reported a total of 3,162,800 unrestricted shares held by Liu Junfeng, the second-largest shareholder[17] - The top ten shareholders include various institutional investors, with China Agricultural Bank holding 0.81% of shares[16] Operational Costs - Total operating costs amounted to ¥195,042,067.41, up 15.0% from ¥169,588,403.75 in the prior period[24] - The company reported a 276.41% increase in taxes and surcharges, amounting to ¥555,957.58, primarily due to increased value-added tax and property tax[11] Future Outlook - The company is focusing on market expansion and new product development to drive future growth[23]

Financial Performance - The company's revenue for Q1 2025 was ¥334,267,939.87, a decrease of 11.81% compared to ¥379,049,415.17 in the same period last year[5] - Net profit attributable to shareholders was ¥8,698,362.68, down 46.17% from ¥16,158,906.60 year-on-year[5] - Basic and diluted earnings per share decreased by 40.00%, from ¥0.10 to ¥0.06[5] - Net profit for the current period is 8,567,146.42, a decrease of 47.1% compared to 16,218,414.10 in the previous period[29] - Operating profit decreased to 13,001,771.32, down 38.7% from 21,189,141.77 in the previous period[28] - Total revenue from operating activities was 365,441,400.50, a decline of 15.5% compared to 432,888,096.62 in the previous period[30] - Total comprehensive income for the current period is 8,567,146.42, a decrease of 47.1% compared to 16,218,414.10 in the previous period[29] Cash Flow and Assets - The cash flow from operating activities improved by 47.71%, with a net cash flow of -¥10,166,520.29 compared to -¥19,440,772.45 in the previous year[5] - The company’s cash and cash equivalents decreased from CNY 348,139,847.64 to CNY 272,514,010.34, a decline of 21.7%[23] - Cash and cash equivalents at the end of the period were 272,226,010.34, down from 303,872,953.80 in the previous period[31] - The company’s total assets as of March 31, 2025, are CNY 1,915,390,999.48, a slight decrease from CNY 1,943,504,399.06 at the beginning of the period[24] - The company’s non-current assets total CNY 1,380,675,522.38, an increase from CNY 1,353,645,220.73 at the beginning of the period[24] - Total assets at the end of the reporting period were ¥1,915,390,999.48, a decrease of 1.45% from ¥1,943,504,399.06 at the end of the previous year[5] Liabilities and Shareholder Information - The company experienced a 68.07% increase in current liabilities due within one year, rising from ¥10,684,103.00 to ¥17,956,996.82[9] - The company’s total liabilities decreased from CNY 448,091,726.79 to CNY 411,411,180.79, indicating a reduction of approximately 8.2%[25] - The total number of common stock shareholders at the end of the reporting period is 17,737[13] - Guangdong Yantang Investment Co., Ltd. holds 40.97% of shares, totaling 64,465,743 shares[13] - Guangdong Yueken Investment Co., Ltd. holds 11.69% of shares, totaling 18,401,011 shares[13] Expenses and Investments - Research and development expenses decreased by 32.79%, from ¥4,564,734.79 to ¥3,067,888.94[10] - The total operating costs for the current period amount to CNY 325,066,985.86, down 10% from CNY 360,880,831.94 in the previous period[27] - The operating cost specifically decreased from CNY 286,898,216.92 to CNY 253,412,976.26, reflecting a reduction of 11.7%[27] - Total operating expenses increased, with selling expenses at 44,841,671.55, up from 47,949,138.09 in the previous period[28] - Investment activities resulted in a net cash outflow of -63,881,563.86, worsening from -18,078,800.05 in the previous period[31] Future Plans and Agreements - The company plans to purchase office properties from Guangzhou Guangken Real Estate Co., Ltd. for no more than 9,464 million RMB[16] - The company signed a new financial service agreement with Guangdong Agricultural Reclamation Group Financial Co., Ltd. for three years[15] - The company has engaged in daily related transactions with associated parties, including procurement of raw materials and leasing activities[14] - The company has not yet signed a formal sales contract for parking spaces related to the office property purchase[16] - The company has completed the land acquisition for the new dairy processing facility as of November 5, 2024[19] - The company has initiated the construction of a modern dairy processing plant in Guangdong, with a planned daily capacity of 600 tons[19] Other Income - Other income increased by 41.12%, from ¥6,417,095.69 to ¥9,055,698.16, mainly due to VAT reductions and increased subsidies[10] - The cash paid for purchasing fixed assets and other long-term assets increased by 191.54%, amounting to ¥70,650,589.89 compared to ¥24,233,916.05 in the previous year[11]

Financial Performance - The company's revenue for Q1 2025 was ¥81,117,675.85, representing a 15.73% increase compared to ¥70,090,062.74 in the same period last year[4] - Net profit attributable to shareholders decreased by 59.52% to ¥1,357,086.22 from ¥3,352,475.21 year-on-year[4] - Basic and diluted earnings per share fell by 60.34% to ¥0.0023 from ¥0.0058 in the same quarter last year[4] - Net profit for the current period was ¥1,267,115.54, a decrease of 64.1% from ¥3,537,330.97 in the previous period[19] Cash Flow - The cash flow from operating activities improved significantly, reaching ¥9,362,064.48, a 173.99% increase from -¥12,652,963.75 in the previous year[4] - Operating cash flow net amount improved to ¥9,362,064.48, compared to a negative cash flow of ¥12,652,963.75 in the previous period[22] - Cash inflow from operating activities totaled ¥119,928,676.31, compared to ¥111,486,562.40 in the previous period, indicating a growth of 7.0%[22] - Investment activities generated a net cash flow of ¥18,412,003.10, a significant recovery from a negative cash flow of ¥48,933,756.76 in the previous period[22] - The net cash flow from financing activities was -$48,585,541.66, indicating a significant outflow[24] - Cash and cash equivalents at the end of the period were $104,908,584.06, down from $125,628,944.14 at the beginning of the period[24] - The company reported a net decrease in cash and cash equivalents of -$20,720,360.08 during the period[24] - The company’s cash flow from financing activities showed a significant reliance on external borrowing[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,141,540,090.75, a decrease of 2.57% from ¥1,171,609,274.01 at the end of the previous year[4] - Total liabilities decreased from ¥199,659,134.52 to ¥163,604,500.88, a reduction of approximately 17.9%[15] - The total liabilities decreased to ¥382,327,951.46 from ¥418,326,816.93, reflecting a reduction of 8.6%[16] - Total equity attributable to shareholders increased to ¥748,474,239.36 from ¥744,204,586.47, a slight increase of 0.4%[16] Shareholder Information - Total number of common shareholders at the end of the reporting period is 70,390[10] - The largest shareholder, Lin Xuxi, holds 14.95% of shares, totaling 86,669,683 shares[10] - The number of shares held by the top 10 shareholders represents a significant portion of the company's equity, with the top shareholder holding nearly 15%[10] - The company has a total of 6,771,800 shares held in a repurchase account, accounting for 1.17% of the total share capital[11] Expenses - Management expenses increased by 34.30% to ¥9,471,964.28 due to the introduction of a new employee stock ownership plan[7] - The company experienced a significant decrease in investment income, which fell by 51.22% to ¥495,009.02 from ¥1,014,804.53 year-on-year[7] - Research and development expenses decreased to ¥2,861,530.15, down 26.3% from ¥3,887,405.54 in the previous period[19] Other Financial Activities - The company reported non-recurring gains of ¥1,842,437.19, primarily from government subsidies and investment income[5] - The company distributed dividends and interest payments totaling $759,791.66 during the period[24] - The impact of exchange rate fluctuations on cash and cash equivalents was a positive $91,114.00[24] Future Plans - The company plans to continue focusing on operational efficiency and cost management to improve profitability in the upcoming quarters[4] - The company plans to implement new accounting standards starting in 2025[25] - The company has not incurred any bank loans during the reporting period, marking a 100% decrease in borrowing activities[8]

华闻传媒投资集团股份有限公司 2025 年第一季度报告 证券代码：000793 证券简称：ST 华闻 公告编号：2025-020 华闻传媒投资集团股份有限公司 2025 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、 准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带 的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员) 声明：保证季度报告中财务信息的真实、准确、完整。 3.第一季度报告是否经审计 □是 否 1 华闻传媒投资集团股份有限公司 2025 年第一季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 □适用 不适用 公司不存在其他符合非经常性损益定义的损益项目的具体情况。 2 华闻传媒投资集团股份有限公司 2025 年第一季度报告 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减（%） | | --- | --- | --- | --- | | ...

Financial Performance - The company's revenue for Q1 2025 was ¥723,814,403.15, representing a 3.94% increase compared to ¥696,402,216.01 in the same period last year[5] - Net profit attributable to shareholders decreased by 1.29% to ¥347,867,744.96 from ¥352,409,048.46 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥362,337,017.62, down 10.45% from ¥404,618,536.43 in the previous year[5] - Net profit for the current period was ¥345,720,701.43, a decrease of 2.5% from ¥354,249,561.82 in the previous period[18] - Earnings per share remained stable at ¥0.19 for both the current and previous periods[19] Cash Flow - Operating cash flow decreased by 18.30% to ¥217,568,723.50 from ¥266,305,471.33 in the same period last year[5] - Cash flow from operating activities was ¥774,958,959.63, an increase of 9.8% from ¥705,815,995.85 in the previous period[21] - The net cash flow from operating activities was $217,568,723.50, a decrease of 18.3% compared to $266,305,471.33 in the previous period[22] - Total cash inflow from operating activities amounted to $818,753,765.53, an increase of 7.5% from $764,098,338.89[22] - Cash outflow from operating activities totaled $601,185,042.03, up 20.8% from $497,792,867.56[22] Assets and Liabilities - Total assets increased by 1.69% to ¥14,991,100,669.06 from ¥14,742,575,985.33 at the end of the previous year[5] - Total current assets increased to ¥2,716,667,533.39 from ¥2,491,228,346.96, reflecting a growth of approximately 9.1%[15] - Total liabilities increased to ¥1,944,005,252.70 from ¥1,881,497,502.11, reflecting a growth of 3.3%[16] - Long-term equity investments decreased slightly to ¥9,526,040,353.73 from ¥9,556,739,886.80, a decline of approximately 0.3%[15] Shareholder Information - Total number of common shareholders at the end of the reporting period is 59,237[11] - Shanghai Giant Investment Management Co., Ltd. holds 29.16% of shares, totaling 564,205,115 shares, with 184,927,582 shares pledged[11] - The number of shares held by the repurchase special securities account is 44,358,640, accounting for 2.29% of total shares[12] Expenses - Sales expenses rose by 37.63% to ¥278,035,815.40, primarily due to increased channel and advertising costs[9] - Research and development expenses for the current period were ¥166,070,601.15, an increase of 7.5% compared to ¥154,211,410.95 in the previous period[18] Other Financial Metrics - The weighted average return on equity decreased to 2.69% from 2.97% year-on-year[5] - Other comprehensive income after tax for the current period was -¥201,313,415.57, compared to ¥17,291,473.93 in the previous period, indicating a significant decline[19] - The company reported a financial expense of ¥3,355,573.81, compared to a financial income of -¥1,489,246.47 in the previous period, reflecting a shift in financial performance[18] Contract Liabilities - The company reported a significant increase in contract liabilities by 20.13%, reaching ¥761,068,762.32, attributed to increased deferred revenue from game confirmations[9] - Contract liabilities increased to ¥761,068,762.32 from ¥633,543,789.64, reflecting a rise of about 20.1%[15] Dividend Information - The company did not distribute dividends or profits during the reporting period[22] Product Development - The company has not disclosed any new product or technology developments in the current reporting period[13]

Financial Performance - The company's operating revenue for Q1 2025 was ¥98,750,969.12, a decrease of 12.83% compared to ¥113,287,396.70 in the same period last year[5] - The net loss attributable to shareholders was ¥103,044,017.57, an improvement of 18.55% from a loss of ¥126,516,082.41 in the previous year[5] - The basic and diluted earnings per share were both -¥0.02, an improvement of 33.33% from -¥0.03 in the same period last year[5] - Net profit for the current period is -¥103,686,761.17, compared to -¥127,997,994.98 in the previous period, showing an improvement of 18.9%[18] Cash Flow and Expenses - The net cash flow from operating activities improved by 30.38%, amounting to -¥20,476,745.37 compared to -¥29,414,025.73 in the prior year[5] - The company incurred a total of ¥66,767,719.25 in management expenses, a decrease of 33.9% from ¥101,191,935.62 in the previous period[17] - The company reported a significant reduction in management expenses by 34.02%, from ¥101,191,935.62 to ¥66,767,719.25[8] - Operating cash flow net amount is -¥20,476,745.37, an improvement from -¥29,414,025.73 in the previous period[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,504,595,198.13, reflecting a decrease of 2.82% from ¥3,606,374,786.83 at the end of the previous year[5] - Current assets decreased from CNY 1,520,349,670.24 to CNY 1,457,737,233.62, reflecting a decline of approximately 4.1%[14] - Cash and cash equivalents decreased from CNY 208,638,938.25 to CNY 155,987,123.77, a reduction of about 25.2%[14] - Total liabilities increased slightly from CNY 3,365,919,620.29 to CNY 3,367,826,792.76, indicating a marginal increase of about 0.06%[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 197,019[10] - The largest shareholder, Jiangsu Shen Shang Holdings Group Co., Ltd., holds 14.81% of the shares, totaling 747,000,000 shares, which are currently frozen[10] - The company has no preferred shareholders or significant changes in the number of preferred shareholders[12] - There were no changes in the top 10 shareholders participating in margin financing or securities lending activities[12] Government Subsidies and R&D - The company recorded a government subsidy of ¥1,381,139.94, which is closely related to its normal business operations[6] - Research and development expenses for the current period are ¥1,379,263.58, slightly up from ¥1,326,237.21 in the previous period[17]