Guobo Electronics (SH:688375)2025-04-17 11:50Financial Performance - The company's revenue for Q1 2025 was CNY 350,016,384.48, representing a decrease of 49.51% compared to CNY 693,204,264.14 in the same period last year[3] - Net profit attributable to shareholders was CNY 57,531,429.42, down 52.37% from CNY 120,776,726.47 year-on-year[3] - Basic and diluted earnings per share were both CNY 0.10, a decline of 50.00% compared to CNY 0.20 in the previous year[3] - Total revenue for Q1 2025 was CNY 350,016,384.48, a decrease of 49.6% compared to CNY 693,204,264.14 in Q1 2024[19] - Net profit for Q1 2025 was CNY 57,531,429.42, a decline of 52.4% compared to CNY 120,776,726.47 in Q1 2024[21] Assets and Liabilities - The company's total assets decreased by 4.89% to CNY 7,604,457,678.21 from CNY 7,995,335,175.06 at the end of the previous year[4] - Total assets as of the latest reporting period were CNY 7,604,457,678.21, compared to CNY 7,995,335,175.06 previously[17] - Total liabilities decreased to CNY 1,359,799,002.02 from CNY 1,809,565,299.75[17] - Non-current assets totaled CNY 2,034,551,188.41, slightly up from CNY 2,015,101,905.09[17] Cash Flow - The net cash flow from operating activities was negative at CNY -200,868,161.25, an improvement from CNY -240,764,880.71 in the previous year[3] - Cash inflow from operating activities totaled 594,457,655.64, while cash outflow was 795,325,816.89, leading to a significant cash flow deficit[23] - Total cash inflow from investment activities was 603,736,424.66, while cash outflow was 210,452,363.25, resulting in a net cash flow of -210,452,363.25, a decline from 50,850,288.52 in the previous period[23] - The ending balance of cash and cash equivalents was 1,910,442,905.28, down from 2,140,738,703.46 in the previous period[24] Shareholder Information - The total number of common shareholders at the end of the reporting period was 6,970[10] - The company reported a total of 213,745,979 shares held by China Electronics Corporation, representing 35.86% of total shares[11] - The second-largest shareholder, the 55th Research Institute of China Electronics Technology Group, holds 99,196,452 shares, accounting for 16.64%[11] Operational Insights - The company experienced a significant decline in revenue and profit primarily due to reduced sales of T/R components and RF modules during the reporting period[8] - There are no significant reminders or additional important information regarding the company's operational situation during the reporting period[13] - The company has not disclosed any new strategies or future outlook in the provided documents[13] Expenses - Research and development expenses totaled CNY 59,575,648.59, down 24.39% from CNY 78,792,100.04, while the R&D expense as a percentage of revenue increased to 17.02% from 11.37%[4] - Total operating costs for Q1 2025 were CNY 288,618,809.40, down 48.2% from CNY 556,830,962.14 in Q1 2024[20] - The company paid 169,582,923.26 in employee compensation, an increase from 166,413,314.70 in the previous period[23] - Tax payments increased to 46,743,437.01 from 30,036,833.75, reflecting a higher tax burden[23] Other Financial Metrics - The weighted average return on equity decreased to 0.93%, down 1.06 percentage points from 1.99%[4] - Non-recurring gains and losses amounted to CNY 70,541.93 after tax, primarily due to asset disposal losses and government subsidies[6] - Cash received from sales of goods and services in Q1 2025 was CNY 583,465,565.64, an increase of 1.5% from CNY 575,596,165.04 in Q1 2024[22] - Accounts receivable increased slightly to ¥2,672,242,850.59 from ¥2,626,868,163.31, showing a growth of approximately 1.7%[15] - Inventory rose significantly to ¥346,109,095.66 from ¥256,158,437.55, indicating an increase of around 35.1%[15] - Fixed assets increased to ¥1,450,322,761.93 from ¥1,393,403,952.78, reflecting a growth of about 4.1%[15]