Road Environment(SH:688156)2025-04-17 11:00Financial Performance - The company's revenue for Q1 2025 was CNY 63.07 million, a decrease of 7.18% compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 1.25 million, down 77.89% year-on-year, while the net profit after deducting non-recurring gains and losses was CNY 0.72 million, a decrease of 85.75%[5]. - The cash flow from operating activities was CNY 9.46 million, a decline of 72.10% compared to the previous year[3]. - Total revenue for Q1 2025 was CNY 63,074,491.09, a decrease of 7.5% compared to CNY 67,954,689.05 in Q1 2024[19]. - Operating profit for Q1 2025 was a loss of CNY 3,558,033.24, compared to a profit of CNY 4,506,061.18 in Q1 2024[20]. - Net profit for Q1 2025 was CNY 213,477.84, significantly down from CNY 4,072,055.93 in Q1 2024[20]. - The company reported a significant increase in financial expenses, with interest expenses rising to CNY 4,921,381.45 from CNY 2,491,696.45 year-over-year[19]. - Basic and diluted earnings per share were both ¥0.01, down from ¥0.06 in the previous year[21]. - The total comprehensive income attributable to the parent company was ¥1,254,440.92, compared to ¥5,673,773.52 in the previous period[21]. Assets and Liabilities - The company reported a total asset value of CNY 1.70 billion, a decrease of 1.73% from the end of the previous year[4]. - Total assets decreased to CNY 1,695,470,741.28 from CNY 1,725,397,885.37 year-over-year[18]. - Total liabilities decreased to CNY 802,384,692.71 from CNY 852,525,314.64 year-over-year[17]. - Current liabilities totaled CNY 450,538,735.26, down from CNY 540,351,071.06 in the previous year[17]. - Non-current liabilities increased to CNY 351,845,957.45 from CNY 312,174,243.58 year-over-year[17]. Cash Flow - The net cash flow from operating activities was -72.10 million RMB, attributed to decreased cash received from sales and increased salary and tax expenses[10]. - The net cash flow from investing activities was -33.16 million RMB, mainly due to reduced cash payments for fixed assets and other long-term assets[10]. - The net cash flow from financing activities was -84.62 million RMB, resulting from reduced bank loans and timely repayment of maturing loans[10]. - In Q1 2025, the company reported a net cash flow from operating activities of ¥9,457,776.71, a decrease of 72% compared to ¥33,903,191.43 in Q1 2024[23]. - Total cash inflow from operating activities was ¥106,635,040.51, down 25% from ¥142,027,261.14 in the previous year[23]. - The company experienced a significant decline in cash received from sales, totaling ¥70,739,702.15, which is a 36% decrease from ¥109,982,009.24 in Q1 2024[23]. - The net cash flow from investing activities was -¥88,268,459.07, an improvement from -¥132,056,910.68 in Q1 2024[24]. - Cash inflow from financing activities was ¥88,974,000.00, a decrease of 39% from ¥147,170,000.00 in Q1 2024[25]. - The ending cash and cash equivalents balance was ¥147,088,067.86, down from ¥183,280,770.50 in Q1 2024[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 3,090[12]. - The largest shareholder, Ji Guangming, holds 27.70% of the shares, totaling 27,897,730 shares[13]. - There were no changes in the participation of major shareholders in margin trading or securities lending activities[14]. Business Operations - Research and development expenses totaled CNY 2.21 million, down 32.85% year-on-year, accounting for 3.51% of revenue[4]. - The sales volume of the company's liquor lees fermentation feed business reached 27,500 tons, an increase of 12.16% year-on-year, but revenue from this segment decreased by 7.38% to CNY 46.61 million[5]. - Revenue from inorganic solid waste treatment services increased by 22.35% to CNY 13.33 million, recovering from a low operating rate in the previous year[5]. - The company plans to improve the gross margin of its liquor lees fermentation feed business by optimizing raw material procurement and increasing production capacity utilization[5]. - The company experienced a decline in gross profit margin in its liquor residue fermentation feed business due to price adjustments and industry factors[10]. - The company has not disclosed any significant new strategies or product developments during the reporting period[15].