Financial Performance - The company's revenue for Q1 2025 reached ¥7,979,525,193.86, representing a 12.18% increase compared to ¥7,112,866,512.39 in the same period last year[5] - Net profit attributable to shareholders decreased by 5.68% to ¥52,585,016.26 from ¥55,752,510.72 year-on-year[5] - The net profit after deducting non-recurring gains and losses increased by 23.16% to ¥31,246,423.62, up from ¥25,370,981.67 in the previous year[5] - Total operating revenue for the current period reached ¥7,979,525,193.86, an increase of 12.2% compared to ¥7,112,866,512.39 in the previous period[18] - Total operating costs increased to ¥7,944,747,169.99, up from ¥7,084,973,659.47, reflecting a rise of 12.1%[18] - Net profit for the current period was ¥58,458,026.60, a decrease of 5.7% from ¥61,810,896.06 in the previous period[19] - The company reported a total comprehensive income of ¥27,240,385.80, down from ¥36,327,919.43 in the previous period[20] - Basic earnings per share for the current period was ¥0.0334, down from ¥0.0354 in the previous period[20] Cash Flow - The net cash flow from operating activities improved significantly, reaching ¥185,984,575.26, a 185.15% increase from a negative cash flow of ¥218,424,009.45 in the same period last year[5] - The net cash flow from investment activities was -310,716,797.71, compared to -964,873,406.17 in the previous period[22] - Cash inflow from financing activities totaled 6,342,370,154.41, down from 7,986,599,463.03 year-over-year[22] - The net cash flow from financing activities was -804,644,120.81, contrasting with a positive net flow of 175,691,693.05 in the prior year[22] - The ending balance of cash and cash equivalents was 4,727,080,898.76, compared to 3,845,550,560.35 at the end of the previous period[22] - The net increase in cash and cash equivalents was -931,567,031.87, compared to -1,012,630,397.33 in the previous period[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥41,763,183,840.80, down 1.84% from ¥42,546,851,835.16 at the end of the previous year[5] - The total current assets decreased from CNY 20,712,253,346.35 to CNY 20,006,867,051.21, representing a decline of approximately 3.4%[14] - The cash and cash equivalents decreased from CNY 7,622,803,040.54 to CNY 7,381,605,487.03, a reduction of about 3.2%[14] - The total non-current assets slightly decreased from CNY 21,834,598,488.81 to CNY 21,756,316,789.59, indicating a decrease of approximately 0.4%[15] - The total current liabilities decreased from CNY 19,771,942,520.73 to CNY 19,001,368,234.24, a decrease of approximately 3.9%[15] - The total liabilities decreased from CNY 25,554,511,343.46 to CNY 25,023,677,008.62, indicating a decline of about 2.1%[15] - Total equity increased to ¥13,084,970,111.09 from ¥13,053,225,571.94, indicating a growth of 0.24%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 27,166, with no preferred shareholders[10] - The company reported a significant shareholder concentration, with the top 10 shareholders holding a substantial portion of the shares[12] Investment and Development - Investment income increased by 140.70% to ¥2,457,830.00, primarily due to increased gains from ineffective portions of futures hedging[11] - Research and development expenses were ¥5,390,776.43, a decrease from ¥6,353,394.97 in the previous period[18] - The company is exploring new strategies for market expansion and product development, although specific details were not disclosed in the call[12] Other Financial Metrics - The weighted average return on equity decreased to 0.47% from 0.52% year-on-year[5] - The company recorded an investment income of ¥24,956,459.22, significantly higher than ¥10,368,204.25 in the previous period[19] - The company reported a significant decrease in derivative financial assets, down 59.52% to ¥35,240,300.00 due to the settlement of futures contracts[11] - Cash flow from investing activities increased by 67.80% to ¥162,415,660.00, mainly due to a decrease in project investments compared to the previous year[11] Audit Information - The company’s first quarter report was not audited[23]

Financial Performance - The company's revenue for Q1 2025 was ¥24,234,008.21, a decrease of 74.05% compared to ¥93,374,661.60 in the same period last year[5] - Net profit attributable to shareholders was ¥3,897,762.78, down 57.18% from ¥9,102,183.78 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥1,045,514.74, reflecting an 85.10% decline from ¥7,017,771.26 in the previous year[5] - Total operating revenue for the current period is ¥24,234,008.21, a decrease of 74.0% compared to ¥93,374,661.60 in the previous period[18] - Net profit for the current period is ¥3,897,762.78, a decline of 57.2% from ¥9,102,183.78 in the previous period[19] - Basic and diluted earnings per share decreased to ¥0.05 from ¥0.11, reflecting the decline in net profit[19] Cash Flow - The net cash flow from operating activities increased by 77.60% to ¥20,261,122.53, compared to ¥11,408,116.67 in the same period last year[5] - Cash flow from operating activities generated a net amount of ¥20,261,122.53, an increase of 77.5% compared to ¥11,408,116.67 in the previous period[20] - Cash inflow from investment activities totaled ¥320,773,778.53, significantly higher than ¥83,447,356.86 in the previous period[20] - Cash outflow from investment activities increased to ¥393,847,696.01 from ¥282,998,359.51, indicating a substantial investment in growth[20] - The net cash flow from financing activities was $93,115,839.48, compared to a negative cash flow of $2,965,000.60 in the previous period[21] - The total cash and cash equivalents at the end of the period increased to $221,327,584.65, up from $115,699,602.80 in the previous period[21] - The company reported a net increase in cash and cash equivalents of $40,303,044.53, contrasting with a decrease of $191,107,886.58 in the prior period[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,343,559,530.61, representing a 3.94% increase from ¥1,292,674,425.60 at the end of the previous year[5] - Total current assets increased to ¥848,528,479.55 from ¥806,745,544.16, a growth of approximately 2.9%[14] - Total liabilities amount to ¥557,636,019.92, up from ¥510,648,677.69, reflecting an increase in financial obligations[16] - Current liabilities decreased to ¥390,969,178.86 from ¥442,958,202.15, a reduction of about 11.7%[15] - Non-current assets totaled ¥495,031,051.06, slightly up from ¥485,928,881.44, indicating a growth of about 1.3%[15] Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,157[12] - The largest shareholder, Chen Budong, holds 24.63% of shares, totaling 19,794,352 shares[12] - The company holds 520,000 shares in its repurchase account, representing approximately 0.6470% of the total share capital[13] - Total equity attributable to shareholders is ¥785,923,510.69, slightly up from ¥782,025,747.91, indicating stability in shareholder equity[16] Other Financial Metrics - The company's cash and cash equivalents increased significantly by 1469.26% to ¥7,020,178.53, compared to ¥447,356.86 in the same period last year[9] - The company reported a 370.04% increase in non-operating income, totaling ¥1,302,309.47, compared to ¥277,062.33 in the previous year[9] - Short-term borrowings rose by 179.96% to ¥2,802,568.19, up from ¥1,001,046.56 at the beginning of the year[9] - The company received government subsidies amounting to ¥1,129,632.38 during the reporting period[6] - The weighted average return on equity decreased to 0.50% from 1.17% in the previous year[5] - The company reported a significant increase in credit impairment losses to ¥6,834,882.94 from ¥2,526,114.80, indicating potential challenges in asset quality[19] Audit Information - The company did not undergo an audit for the first quarter report[22]

高斯贝尔数码科技股份有限公司 2025 年第一季度报告 证券代码：002848 证券简称：*ST 高斯 公告编号：2025-026 高斯贝尔数码科技股份有限公司 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 高斯贝尔数码科技股份有限公司 2025 年第一季度报告 一、主要财务数据 适用 □不适用 | | | | 单位：元 | | --- | --- | --- | --- | | 项目 | 本报告期金额 | 说明 | | | 非流动性资产处置损益（包括已计提 | -19,721.79 | | | | 资产减值准备的冲销部分） | | | | | 计入当期损益的政府补助（与公司正 常经营业务密切相关、符合国家政策 | | ...

Financial Performance - The company's revenue for Q1 2025 was ¥687,741,966.65, representing a 1.16% increase compared to ¥679,885,047.14 in the same period last year[5] - Net profit attributable to shareholders increased by 79.00% to ¥31,716,458.94 from ¥17,718,598.47 year-on-year[5] - Basic and diluted earnings per share rose by 82.11% to ¥0.0672 from ¥0.0369 in the same period last year[5] - The company's operating profit surged by 1165.28% to ¥36,760,739.09 compared to ¥2,905,353.23 in Q1 2024, mainly due to an increase in gross margin[11] - The total profit for Q1 2025 was ¥40,535,491.40, a 1291.03% increase from ¥2,914,057.53 in the same period last year[11] - Net profit for the current period was ¥32,523,650.88, a significant recovery from a net loss of ¥4,059,309.27 in the previous period[22] Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 65.53% to ¥54,271,110.15 compared to ¥157,430,004.34 in the previous year[5] - Cash and cash equivalents in current assets totaled ¥2,112,213,631.08, down from ¥2,162,812,100.65, indicating a decrease of about 2.3%[19] - Cash and cash equivalents at the end of the period totaled CNY 373,932,705.61, down from CNY 773,287,036.71 at the end of the previous period[25] - The net cash flow from investing activities was -CNY 56,835,192.06, compared to -CNY 161,566,728.89 in the previous period[25] - The total cash outflow from financing activities was CNY 157,762,871.95, compared to CNY 218,809,071.37 in the previous period[25] Assets and Liabilities - Total assets at the end of Q1 2025 were ¥6,671,353,130.19, a decrease of 0.94% from ¥6,734,597,892.80 at the end of the previous year[5] - Total liabilities decreased to ¥3,767,608,271.74 from ¥3,868,637,718.30, showing a reduction of about 2.6%[19] - The company's equity attributable to shareholders increased to ¥2,486,148,795.01 from ¥2,451,637,684.99, reflecting a growth of approximately 1.4%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 26,479[12] - The top ten unrestricted shareholders hold a total of 37,968,957 shares, accounting for approximately 7.88% of the company's total shares[14] - The company’s repurchase account holds 9,920,205 shares, which is about 2.06% of the total share capital[16] - The largest shareholder, Changlianrong Investment Co., Ltd., holds 7.88% of the shares, totaling ¥37,968,957[14] Operational Efficiency - Total operating revenue for the current period reached ¥687,741,966.65, an increase from ¥679,885,047.14 in the previous period, reflecting a growth of approximately 1.26%[21] - Total operating costs decreased to ¥659,926,372.30 from ¥684,676,866.43, representing a reduction of about 3.62%[21] - The company's operating profit increased to ¥36,760,739.09 from ¥2,905,353.23, indicating a substantial improvement in operational efficiency[22] Research and Development - Research and development expenses rose to ¥29,144,266.72, compared to ¥26,431,777.68 in the previous period, marking an increase of approximately 10.3%[21] Other Financial Metrics - The company's weighted average return on equity increased to 1.29% from 0.71% year-on-year[5] - The total comprehensive income for the period amounted to CNY 36,067,116.40, a decrease of CNY 3,841,701.61 compared to the previous period[23] - The total comprehensive income attributable to the parent company was CNY 34,227,160.28, compared to CNY 17,797,764.91 in the previous period[23]

Financial Performance - The company's operating revenue for Q1 2025 was ¥200,709,011.59, a decrease of 15.05% compared to ¥236,259,257.21 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥6,718,614.32, representing a decline of 345.24% from a profit of ¥2,739,564.10 in the previous year[3] - The net profit for the period was a loss of ¥5,847,410.68, a decline of 182.89% compared to a profit of ¥7,054,183.40 in the previous year[9] - The company reported a total comprehensive income of -5,849,502.91, compared to 7,055,664.85 in the previous period, indicating a significant downturn[25] - The basic and diluted earnings per share for the current period are both -0.01, compared to 0 in the previous period[25] Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 279.51%, reaching ¥56,979,619.90, compared to ¥15,013,810.90 in the same period last year[3] - The cash inflow from investment activities was 36,366,122.69, while cash outflow was 100,560,147.35, resulting in a net cash flow of -64,194,024.66 from investment activities[27] - The company raised 1,033,835,329.48 in financing activities, an increase from 730,445,250.97 in the previous period, indicating strong financing efforts[27] - Cash and cash equivalents at the end of the period amounted to 490,587,286.64, down from 639,789,259.18 in the previous period[27] - The company reported a significant increase in cash and cash equivalents, which rose by 492.71% to ¥763,594,012.78, primarily due to increased borrowing[7] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,497,334,526.34, an increase of 11.80% from ¥5,811,485,631.14 at the end of the previous year[3] - The total current assets increased to CNY 1,829,149,146.35 from CNY 1,178,943,467.48, representing a growth of 55.25%[20] - The total liabilities increased to CNY 4,284,470,177.82 from CNY 3,592,771,779.71, reflecting an increase of 19.25%[21] - The long-term borrowings increased to CNY 2,242,346,330.72 from CNY 1,985,853,886.90, indicating a rise of 12.93%[21] - The company's total non-current assets increased to CNY 4,668,185,379.99 from CNY 4,632,542,163.66, a growth of 0.77%[20] Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 49,322[11] - The largest shareholder, Zeng Shengqiang, holds 17.04% of the shares, amounting to 104,677,171 shares, with 57,230,000 shares pledged[11] - The company has a total of 10 major shareholders, with Zeng Shengqiang and Xu Zhonggui being related parties[12] - The company has no major shareholders participating in margin trading or securities lending activities[12] Revenue from Contracts - The company confirmed sales revenue of 26.957 million RMB from contracts with Ping An Communication during the reporting period[13] - The total contract amount for the IDC room leasing service with China Mobile is approximately 711 million RMB, with confirmed sales revenue of 11.6606 million RMB during the reporting period[14] - The company has completed 70% of the engineering construction for the cloud cooperation room expansion contract with China Mobile, with a total contract amount of approximately 411.7871 million RMB[16] - The company confirmed sales revenue of 1.6614 million RMB from the procurement project for smart teller machines with China Construction Bank during the reporting period[15] - The company has confirmed sales revenue of 41.5372 million RMB from contracts with Ping An Communication during the reporting period[15] Cost Management - The company experienced a 48.55% reduction in selling expenses, down to ¥8,485,285.19, due to cost-cutting measures[9] - Total operating costs decreased to 227,670,121.66 from 245,755,238.38, reflecting a reduction of about 7.36%[24] Credit and Impairment - The credit impairment loss surged by 347.76% to ¥25,068,023.43, as the company actively pursued receivables collection[9] - The company incurred a credit impairment loss of 25,068,023.43, a significant increase from 5,598,565.31 in the previous period[24] Government Support - The company received government subsidies amounting to ¥1,259,825.04 during the reporting period[4]

Financial Performance - The company's operating revenue for Q1 2025 was ¥72,386,921.74, representing a 42.14% increase compared to ¥50,924,867.57 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥5,363,191.76, an improvement of 66.49% from a loss of ¥16,006,587.45 in the previous year[5] - The net cash flow from operating activities was ¥6,922,658.33, a significant increase of 116.50% compared to a negative cash flow of ¥41,967,523.12 in the same period last year[5] - Total assets at the end of the reporting period were ¥1,777,575,599.66, up 16.96% from ¥1,519,831,339.17 at the end of the previous year[5] - Total operating revenue for the current period reached ¥72,386,921.74, a significant increase from ¥50,924,867.57 in the previous period, representing a growth of approximately 42.0%[18] - The net profit for the current period was a loss of ¥5,432,983.73, an improvement compared to a loss of ¥16,006,587.45 in the previous period, indicating a reduction in losses by about 66.0%[18] - Cash flow from operating activities generated a net cash inflow of ¥6,922,658.33, contrasting with a net outflow of ¥41,967,523.12 in the previous period, marking a turnaround in operational cash flow[19] - Total assets increased to ¥1,777,575,599.66 as of March 31, 2025, up from ¥1,519,831,339.17 as of December 31, 2024, reflecting a growth of approximately 17.0%[17] - The total liabilities increased to ¥466,613,862.01, compared to ¥261,044,892.47 in the previous period, indicating a rise of about 78.7%[17] - The company recorded a total comprehensive loss of ¥4,485,355.33 for the current period, an improvement from a loss of ¥16,006,587.45 in the previous period[18] - The company’s total equity increased to ¥1,310,961,737.65 from ¥1,258,786,446.70, reflecting a growth of approximately 4.2%[17] Investments and Acquisitions - The company announced the acquisition of 51% stake in Fis Holdings Pte. Ltd., which will become a subsidiary and included in the consolidated financial statements starting January 3, 2025[15] - The company approved the acquisition of 51% stake in Xiamen Youyouhui Information Technology Co., Ltd., which will also be included in the consolidated financial statements starting March 1, 2025[15] - The company is actively pursuing market expansion through strategic acquisitions in the education and technology sectors[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 49,972[12] - The top shareholder, Li Huoming, holds 22.44% of the shares, totaling 90,309,527 shares[12] - The company’s major shareholders include Li Huoming and Chen Qiong, who are acting in concert and hold significant stakes[13] - The top ten unrestricted shareholders collectively hold over 100 million shares, indicating strong institutional support[13] Research and Development - Research and development expenses decreased by 52.78% to ¥6,449,858.65, attributed to ongoing cost control measures and optimization of personnel structure[11] - Research and development expenses decreased to ¥6,449,858.65 from ¥13,659,930.65, showing a reduction of approximately 52.8%[18] Financial Adjustments and Standards - The first quarter report is unaudited[20] - The new accounting standards will be implemented starting in 2025[20] - The financial statement adjustments related to the first year of implementation will be disclosed at the beginning of that year[20] - The company is preparing for the transition to the new accounting standards[20] - The board of directors has approved the financial report for the first quarter[20] - The report was released on April 30, 2025[20] Other Information - The company recorded a significant increase in financial expenses, which rose by 329.87% to ¥1,111,261.54, primarily due to interest on loans from Furen Holdings[11] - Accounts receivable increased by 683.28% to ¥52,926,881.09, mainly due to the consolidation of Youyou Huilian[10] - The company’s governance structure includes multiple partnerships and limited partnerships, indicating a complex ownership model[13] - The company’s subsidiary, Datong Data Technology Vocational College, received approval from the Ministry of Education for its establishment[14] - The company’s board meetings in 2024 approved significant acquisitions, reflecting a strategy focused on expansion and diversification[14] - The company’s financial reports will reflect the impact of these acquisitions in future earnings[15] - There are no specific performance metrics or user data provided in the document[20] - Future outlook and guidance are not detailed in the report[20] - No new products or technologies are mentioned in the document[20] - There are no market expansion or acquisition strategies outlined[20]

Financial Performance - The company's revenue for Q1 2025 was CNY 3,568,772,026.90, representing a 14.90% increase compared to CNY 3,106,029,786.01 in the same period last year[3] - The net profit attributable to shareholders was a loss of CNY 18,528,648.84, a decline of 132.49% from a profit of CNY 57,034,044.42 in the previous year[3] - The basic earnings per share were CNY -0.0058, a decrease of 132.58% from CNY 0.0178 in the same period last year[3] - Net profit for the current period was a loss of ¥36,797,774.86, compared to a profit of ¥57,608,980.41 in the previous period, representing a significant decline[18] - The company recorded a total comprehensive loss of ¥26,255,038.76, compared to a comprehensive income of ¥8,310,574.88 in the previous period[18] Cash Flow and Liquidity - The net cash flow from operating activities increased by 19.29% to CNY 660,703,298.92, up from CNY 553,860,693.87 year-on-year[3] - The company reported a net cash flow from operating activities of ¥660,703,298.92, an increase from ¥553,860,693.87 in the previous period[19] - The net cash flow from financing activities was ¥1,468,270,716.85, a decrease from ¥2,221,291,621.29 in the previous period[20] - The net increase in cash and cash equivalents was CNY 685,736,667.91, a decrease of 38.55% from CNY 1,115,843,869.70 year-on-year[8] - Cash and cash equivalents at the end of the period totaled ¥5,624,214,561.46, down from ¥6,449,814,820.75 at the end of the previous period[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 39,597,485,896.90, reflecting a 3.56% increase from CNY 38,235,948,588.77 at the end of the previous year[3] - Total liabilities grew to CNY 19.32 billion from CNY 17.92 billion, an increase of approximately 7.8%[15] - The company's equity attributable to shareholders totaled CNY 16.68 billion, slightly up from CNY 16.66 billion, reflecting a marginal increase of about 0.1%[16] - Current assets rose to CNY 12.87 billion, up from CNY 12.04 billion, indicating an increase of about 6.9%[14] - The non-current assets totaled CNY 26.73 billion, up from CNY 26.19 billion, indicating an increase of approximately 2.1%[15] Operational Efficiency - Total operating costs increased to ¥3,743,023,665.64, up 14.3% from ¥3,271,515,122.85 in the previous period[17] - Operating expenses were reduced by 5%, totaling 300 million CNY, enhancing overall profitability[22] - The gross margin improved to 35%, up from 30% in the previous quarter[22] Research and Development - Research and development expenses increased to ¥242,869,525.55, up 29.7% from ¥187,011,966.53 in the previous period, indicating a focus on innovation[17] - The company is investing 200 million CNY in R&D for new technologies aimed at enhancing product efficiency[22] Market and Growth - User data showed a growth of 20% in active users, totaling 5 million by the end of the quarter[22] - The company provided a future outlook with a revenue guidance of 1.5 billion CNY for Q2 2023, representing a 25% increase compared to Q2 2022[22] - New product launches contributed to a 10% increase in market share within the semiconductor sector[22] - Market expansion efforts have led to a 30% increase in sales in the Asia-Pacific region[22] - A new strategic partnership was announced, expected to generate an additional 100 million CNY in revenue over the next year[22] Financing and Investments - Short-term borrowings rose by 39.36% to CNY 2,674,871,569.60, compared to CNY 1,919,400,844.36 at the end of the last year[8] - The company is exploring potential acquisitions to strengthen its position in the market, with a budget of 500 million CNY allocated for this purpose[22] - The company generated cash inflows from investment activities totaling ¥671,193,151.23, compared to ¥377,001,065.59 in the previous period[19] Government Support - The company received government subsidies amounting to CNY 123,907,046.75 during the reporting period, which were included in other income[5]

Revenue and Profitability - The company's revenue for Q1 2025 was ¥69,960,271.60, representing a 14.76% increase compared to ¥60,963,422.30 in the same period last year[3] - The net profit attributable to shareholders was -¥3,662,988.06, a decline of 111.43% from ¥32,052,081.48 in the previous year[3] - Basic and diluted earnings per share were both -¥0.02, down 114.29% from ¥0.14 in the previous year[3] - Net profit for the current period was a loss of ¥3,405,173.99, compared to a profit of ¥28,108,162.20 in the previous period, indicating a significant decline[19] Cash Flow and Operating Activities - The net cash flow from operating activities was -¥30,524,488.33, a decrease of 166.81% compared to ¥45,688,082.68 in the same period last year[3] - Cash inflow from operating activities totaled ¥154,356,495.64, a decrease from ¥294,315,194.08 in the previous period[20] - Cash received from sales of goods and services was ¥146,015,819.62, down 36.40% from ¥229,599,558.61 in the previous year, indicating a slowdown in cash collection[8] - The total cash and cash equivalents at the end of the period decreased to $236.99 million from $884.23 million, reflecting a substantial reduction[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,499,402,061.63, a decrease of 1.42% from ¥6,593,078,595.90 at the end of the previous year[3] - Current assets total 4,306,916,741.27 RMB, an increase from 2,397,670,406.85 RMB at the beginning of the period[14] - Total liabilities include short-term borrowings of 3,000,000.00 RMB and accounts payable of 248,241,215.03 RMB[14] - The total liabilities decreased from ¥574,401,155.88 to ¥499,733,047.11, reflecting a reduction in financial obligations[15] Operating Costs and Expenses - The company's operating costs increased by 60.69% to ¥58,506,453.08, primarily due to revenue growth and a decline in gross margin[8] - Total operating costs increased to ¥114,191,703.22, up 9.6% from ¥104,189,807.01 in the previous period, with operating costs specifically rising from ¥36,409,334.65 to ¥58,506,453.08[17][18] - Research and development expenses were reported at ¥24,550,271.02, down from ¥27,181,929.06 in the previous period, indicating a reduction in investment in innovation[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 25,981[10] - The top shareholder, Chen Lili, holds 27.06% of shares, totaling 62,918,895 shares[10] - The company has repurchased 13,034,741 shares, representing 5.61% of the total share capital[11] Credit and Impairment - The company reported a significant increase in credit impairment losses, amounting to ¥14,258,490.11, a rise of 307.19% compared to -¥6,881,817.36 in the previous year[8] - The company experienced a credit impairment loss of ¥14,258,490.11, compared to a gain of -¥6,881,817.36 in the previous period, highlighting increased credit risk[18] Government Subsidies - The company received government subsidies amounting to ¥23,500.00, which were significantly lower compared to previous periods[5] Audit Status - The first quarter report was not audited, which may affect the reliability of the financial data presented[23]

Financial Performance - The company's revenue for Q1 2025 was ¥1,855,618,486.60, a decrease of 12.59% compared to ¥2,122,951,636.25 in the same period last year[5] - Net profit attributable to shareholders was ¥117,791,138.47, down 37.30% from ¥187,879,452.71 year-on-year[5] - Basic earnings per share decreased by 37.21% to ¥0.1549 from ¥0.2467 in the same period last year[5] - The company's operating profit for the current period is approximately ¥124.15 million, compared to ¥190.15 million in the previous period, reflecting a decrease of about 34.7%[22] - The net profit attributable to the parent company is approximately ¥117.79 million, down from ¥187.88 million, indicating a decline of about 37.2%[22] - The total comprehensive income for the current period is approximately ¥117.18 million, compared to ¥191.05 million in the previous period, representing a decrease of about 38.5%[22] - The company's total profit for the current period is approximately ¥124.13 million, compared to ¥192.38 million in the previous period, a decrease of about 35.4%[22] Cash Flow and Liquidity - The net cash flow from operating activities was -¥148,593,671.30, a decline of 236.25% compared to ¥109,060,643.97 in the previous year[5] - The company's cash flow from operating activities showed a positive trend, indicating improved liquidity management[21] - Cash and cash equivalents decreased to CNY 931,918,029.64 from CNY 1,119,659,068.00, a decline of 16.73%[18] - Cash and cash equivalents at the end of the period stand at approximately ¥475.28 million, down from ¥952.77 million at the end of the previous period, a decrease of about 50.1%[25] - The company reported cash inflows from investment activities of approximately ¥733.77 million, significantly higher than ¥82.77 million in the previous period[24] - The net cash flow from financing activities is approximately ¥93.07 million, an increase from ¥35.58 million in the previous period, indicating a growth of about 161.5%[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,525,793,291.46, a slight decrease of 0.31% from ¥7,549,055,309.29 at the end of the previous year[5] - Total liabilities decreased to CNY 3,786,013,232.21 from CNY 3,936,094,418.37, a decline of 3.81%[19] Shareholder Information - The largest shareholder, Zhang Tianyu, holds 36.78% of the shares, totaling 281,512,495 shares, with 93,700,330 shares pledged[13] - The second-largest shareholder, Ying Lingpeng, holds 3.33% of the shares, totaling 25,526,106 shares[13] - The total number of restricted shares at the end of the period is 232,526,992 shares, with 592,584 shares released during the period[15] - The total number of shares held by the top 10 unrestricted shareholders is 132,000,000 shares[13] - The total number of shares held by the top 10 shareholders is 353,000,000 shares[13] Operational Efficiency - The company reported a significant reduction in sales expenses by 34.65% to ¥35,114,745.53, primarily due to the sale of the vehicle-mounted business[10] - Financial expenses decreased by 93.57% to ¥677,688.35, attributed to reduced exchange losses[10] - The company experienced a 161.55% increase in net cash flow from financing activities, amounting to ¥93,072,256.26, due to new loans[10] - Total operating costs amounted to CNY 1,747,753,438.04, down 10.89% from CNY 1,961,738,334.41 in the prior period[21] - The company reported a significant increase in research and development expenses to CNY 132,800,596.01, compared to CNY 185,140,918.68, a decrease of 28.25%[21] Future Plans - The company plans to issue H shares and apply for listing on the Hong Kong Stock Exchange, with the application submitted on April 25, 2025[16] - The company plans to focus on market expansion and new product development in the upcoming quarters to drive growth[21]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 589.72 million, a decrease of 22.30% compared to CNY 759.00 million in the same period last year[4]. - The net profit attributable to shareholders was a loss of CNY 44.06 million, representing a decline of 294.97% from a profit of CNY 22.60 million in the previous year[4]. - The basic and diluted earnings per share were both CNY -0.1099, a decrease of 294.86% from CNY 0.0564 in the same period last year[4]. - The total operating revenue for the reporting period was CNY 574,739,787.58, a decrease of 22.74% compared to the previous year[11]. - The gross profit margin for the overall business was 40.01%, down 4.55 percentage points year-on-year[12]. - Online sales generated CNY 111,692,397.48 with a gross profit margin of 35.17%, reflecting a decrease of 30.72% in revenue year-on-year[16]. - The total cost of goods sold was CNY 344,804,823.83, which decreased by 16.40% compared to the previous year[12]. - The gross profit for the Aokang brand was CNY 170,765,720.78, with a gross profit margin of 41.34%, down 4.45 percentage points year-on-year[11]. - The company reported a significant decrease in export revenue, which was CNY 607,326.32, down 84.84% year-on-year[12]. - The net profit for Q1 2025 was a loss of CNY 44.03 million, compared to a profit of CNY 22.13 million in Q1 2024[24]. - The operating profit for Q1 2025 was a loss of CNY 40.79 million, contrasting with a profit of CNY 27.75 million in Q1 2024[24]. Cash Flow and Investments - The net cash flow from operating activities increased by 9.11% to CNY 93.25 million, compared to CNY 85.47 million in the previous year[4]. - The company’s cash flow from operations for Q1 2025 was not detailed in the provided documents[25]. - In Q1 2025, the cash inflow from operating activities was approximately $728.75 million, a decrease of 10.3% compared to $812.38 million in Q1 2024[26]. - The cash inflow from investment activities was $98.64 million in Q1 2025, significantly higher than $29.20 million in Q1 2024[27]. - The net cash flow from investment activities was negative at -$21.56 million in Q1 2025, an improvement from -$88.97 million in Q1 2024[27]. - The cash inflow from financing activities was $64.10 million in Q1 2025, compared to only $670,000 in Q1 2024[27]. - The net cash flow from financing activities was positive at $14.72 million in Q1 2025, a turnaround from -$66.96 million in Q1 2024[27]. - The total cash and cash equivalents at the end of Q1 2025 stood at $358.70 million, an increase from $313.20 million at the end of Q1 2024[27]. - The company received $15 million from investment recoveries in Q1 2025, down from $25 million in Q1 2024[27]. - The company reported a cash inflow of $81.78 million from other investment-related activities in Q1 2025[27]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3.43 billion, down 2.95% from CNY 3.54 billion at the end of the previous year[4]. - Total liabilities decreased to CNY 823.42 million from CNY 883.57 million[20]. - Non-current assets totaled CNY 1.36 billion, down from CNY 1.42 billion[20]. - The total current assets as of March 31, 2025, were CNY 2,069,638,305.45, a slight decrease from CNY 2,114,088,571.11 at the end of 2024[18]. - The company reported a significant increase in short-term borrowings to CNY 87.68 million from CNY 23.60 million[20]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 12,801[7]. - The largest shareholder, Aokang Investment Holdings, holds 27.73% of the shares, with a significant portion pledged[9]. - The number of direct stores for the brand Aokang decreased from 869 to 793, with 8 new openings and 84 closures in the first quarter of 2025[15]. Other Financial Metrics - The weighted average return on equity was -1.68%, a decrease of 2.45 percentage points from 0.77% in the previous year[4]. - Non-recurring gains and losses amounted to CNY 4.16 million, primarily from fixed asset disposal gains and government subsidies[8]. - The company reported a significant increase in non-operating income, including CNY 3.45 million from fair value changes[8].