SG(SH:600734)2025-04-15 13:00Financial Performance - The company's operating revenue for Q1 2025 was CNY 41,513,800.97, representing an increase of 871.42% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 19,634,556.16, which is a decline of 44.53% year-over-year[4] - The net loss for Q1 2025 was CNY 19,904,473.44, worsening from a net loss of CNY 13,585,346.86 in Q1 2024[18] - The operating profit for Q1 2025 was reported at a loss of CNY 20,172,717.90, compared to a loss of CNY 14,334,391.99 in Q1 2024[17] - The net profit for Q1 2025 was -CNY 7,853,285.64, which is a decrease in loss compared to -CNY 10,197,229.22 in Q1 2024, reflecting a 22.9% improvement[30] - The company's total comprehensive income for Q1 2025 was -CNY 7,853,285.64, an improvement from -CNY 10,197,229.22 in Q1 2024, reflecting a 22.9% reduction in comprehensive losses[30] Cash Flow and Liquidity - The net cash flow from operating activities improved by 68.71%, amounting to a negative CNY 14,208,623.44, compared to a larger negative cash flow in the previous year[4] - The cash flow statement for Q1 2025 indicates ongoing financial challenges, with significant outflows impacting liquidity[19] - In Q1 2025, cash inflow from operating activities was CNY 112,629,121.55, a significant increase from CNY 22,109,274.22 in Q1 2024, representing a growth of 409.5%[21] - Cash outflow from operating activities in Q1 2025 totaled CNY 126,837,744.99, compared to CNY 67,523,636.40 in Q1 2024, indicating an increase of 87.7%[21] - The net cash flow from operating activities for Q1 2025 was -CNY 5,162,954.87, an improvement from -CNY 45,302,537.04 in Q1 2024, indicating a reduction in cash outflow by approximately 88.6%[32] - Cash flow from financing activities generated a net inflow of CNY 455,392.09 in Q1 2025, contrasting with a net outflow of negative CNY 12,410,140.67 in Q1 2024[22] - The company reported a cash flow from financing activities of -CNY 3,483,013.52 in Q1 2025, compared to -CNY 10,822,543.61 in Q1 2024, indicating a reduction in cash outflow by approximately 67.8%[32] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,063,146,944.62, a decrease of 1.81% from the end of the previous year[5] - The total liabilities as of March 31, 2025, amounted to CNY 683,916,171.22, slightly increasing from CNY 683,633,452.55 as of December 31, 2024[15] - The total equity attributable to shareholders was CNY 378,281,476.03 as of March 31, 2025, down from CNY 397,916,031.06 at the end of 2024[15] - Total liabilities decreased to CNY 389,761,609.93 as of March 31, 2025, from CNY 398,210,394.38 at the end of 2024[26] - The total cash and cash equivalents at the end of Q1 2025 were CNY 225,259,529.75, compared to CNY 171,996,142.02 at the end of Q1 2024, showing an increase of about 31%[34] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 122,113[9] - The largest shareholder, Fujian Shusheng Investment Partnership, held 25.00% of the shares, totaling 544,575,590 shares[9] - The company has not reported any significant changes in the shareholding structure or any related party transactions among the top shareholders[10] Operational Highlights - The company reported a significant increase in big data business revenue, contributing to the rise in operating income[7] - The increase in bad debt provisions was a key factor in the decline of net profit attributable to shareholders[7] - Research and development expenses for Q1 2025 were CNY 2,297,791.60, compared to CNY 1,591,172.05 in Q1 2024, reflecting an increase of approximately 44.3%[17] - The company is focusing on expanding its market presence and enhancing product development to improve future performance[20]