VASTDATA(SH:603138)2025-04-17 10:25Financial Performance - The company's revenue for Q1 2025 was CNY 81,332,128.02, representing a 25.20% increase compared to CNY 64,963,861.27 in the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 17,687,581.12, compared to a loss of CNY 6,529,843.13 in the previous year, indicating a significant decline[4] - The weighted average return on net assets was -2.19%, compared to -0.79% in the previous year, reflecting a worsening financial performance[4] - The company reported a basic and diluted earnings per share of -CNY 0.060, worsening from -CNY 0.020 in the same period last year[4] - The company reported a net loss of ¥17,993,204.30 for Q1 2025, compared to a loss of ¥305,623.18 in Q1 2024[15] - The net profit for the first quarter of 2025 was a loss of ¥17,270,718.66, compared to a loss of ¥9,968,887.53 in the same period last year, indicating a worsening performance[17] - Total comprehensive income for the first quarter was a loss of ¥17,273,493.43, compared to a loss of ¥9,968,874.03 in the previous year[18] - Basic and diluted earnings per share were both -¥0.060, compared to -¥0.020 in the first quarter of 2024[18] - The total profit (loss) before tax was -¥17,648,468.53, compared to -¥11,583,071.12 in the same period last year, indicating a decline in profitability[17] Cash Flow and Investments - The net cash flow from operating activities was negative CNY 14,932,883.58, a decrease of 305.17% from a positive cash flow of CNY 7,278,353.92 in the same period last year[4] - Cash flow from operating activities showed a net outflow of ¥14,932,883.58, a significant decline from a net inflow of ¥7,278,353.92 in the previous year[18] - Cash inflow from investment activities was ¥650,725,869.46, a substantial increase from ¥70,551,151.56 in the same quarter last year[19] - The net cash outflow from investment activities was ¥351,439,854.63, compared to a net outflow of ¥318,978,728.16 in the previous year[19] - The company reported a cash and cash equivalents balance of ¥265,546,178.00 at the end of the quarter, down from ¥281,303,751.02 at the end of the previous year[19] - Cash and cash equivalents decreased to ¥268,654,446.34 from ¥635,892,761.26, a decline of 57.8% year-over-year[12] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,110,417,675.60, up 5.14% from CNY 1,056,120,056.01 at the end of the previous year[5] - Total assets increased to ¥1,110,417,675.60, up from ¥1,056,120,056.01, representing a growth of 5.1%[14] - Total liabilities rose to ¥313,383,205.52, compared to ¥253,293,372.04, marking an increase of 23.7%[14] - Total equity attributable to shareholders decreased by 0.96% to CNY 808,214,228.11 from CNY 816,079,979.23 at the end of the previous year[5] - Shareholders' equity decreased to ¥797,034,470.08 from ¥802,826,683.97, a decline of 0.7%[15] - Inventory increased significantly to ¥75,070,550.03 from ¥21,061,348.58, a rise of 256.5%[13] Revenue Breakdown - The revenue from "self-developed database products and services" reached CNY 49,550,500, marking a 54.89% increase year-over-year[5] - Total operating revenue for Q1 2025 reached ¥81,332,128.02, an increase of 25.0% compared to ¥64,963,861.27 in Q1 2024[16] - Total operating costs for Q1 2025 were ¥104,046,754.39, up 27.1% from ¥81,799,942.74 in Q1 2024[16] - Gross profit for Q1 2025 was ¥40,077,296.29, reflecting a decrease from the previous year's gross profit margin due to rising costs[16] Research and Development - R&D expenses increased to ¥23,123,952.10 from ¥17,703,638.06, representing a growth of approximately 30% year-over-year[17] Market and Personnel - The company has increased its market investment and sales personnel costs, contributing to the increased losses[8] - The number of ordinary shareholders at the end of the reporting period was 33,175[10]