SDWH(600241)2025-04-21 09:55Financial Performance - The company's operating revenue for Q1 2025 was CNY 85,538,450.29, representing a 9.21% increase compared to CNY 78,325,521.95 in the same period last year[4] - Net profit attributable to shareholders decreased by 2.13% to CNY 3,880,423.11 from CNY 3,964,825.78 year-on-year[4] - Operating profit for Q1 2025 was CNY 4,491,316.68, compared to CNY 3,700,451.85 in Q1 2024, indicating an increase of 21.4%[19] - The net profit for Q1 2025 was 4,491,069.46, an increase from 3,563,776.98 in Q1 2024, representing a growth of approximately 26%[20] - The total comprehensive income for Q1 2025 was 4,491,069.46, compared to 3,563,776.98 in Q1 2024, indicating a year-over-year increase of about 26%[20] Cash Flow - The net cash flow from operating activities dropped significantly by 57.76%, amounting to CNY 11,217,738.33 compared to CNY 26,556,059.13 in the previous year[4] - Cash flow from operating activities for Q1 2025 was 11,217,738.33, down from 26,556,059.13 in Q1 2024, reflecting a decrease of approximately 58%[24] - Cash flow from investing activities generated a net inflow of 31,456,045.33 in Q1 2025, compared to a net outflow of 41,306,934.74 in Q1 2024[25] - The company’s cash flow from financing activities for Q1 2025 was a net inflow of 1,598,134.44, compared to a net outflow of 13,871,605.15 in Q1 2024[25] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,240,201,904.96, a slight decrease of 0.04% from CNY 1,240,728,510.02 at the end of the previous year[5] - Total liabilities decreased to CNY 141,062,365.54 as of March 31, 2025, from CNY 146,080,040.06 at the end of 2024, a reduction of 3.5%[16] - The company reported a net loss of CNY -350,378,998.16 in retained earnings as of March 31, 2025, an improvement from CNY -354,259,421.27 at the end of 2024[16] Shareholder Information - The top shareholder, Liaoning Times Wan Heng Holding Group Co., Ltd., holds 48.63% of the shares, with a significant portion of shares pledged[10] - The equity attributable to shareholders increased by 0.33% to CNY 1,170,631,458.84 from CNY 1,166,751,035.73 at the end of the previous year[5] Costs and Expenses - Total operating costs for Q1 2025 were CNY 84,761,173.11, up from CNY 75,480,957.60 in Q1 2024, reflecting a growth of 12.5%[19] - Research and development expenses for Q1 2025 were CNY 3,833,986.86, down from CNY 5,284,916.66 in Q1 2024, a decrease of 27.5%[19] - The company’s investment income for Q1 2025 was CNY 237,349.01, compared to CNY 632,847.77 in Q1 2024, reflecting a decline of 62.5%[19] Cash and Equivalents - Cash and cash equivalents increased to CNY 559,349,027.78 as of March 31, 2025, from CNY 499,670,360.82 at the end of 2024, a rise of 11.9%[14] - The cash and cash equivalents at the end of Q1 2025 amounted to 306,625,116.19, a decrease from 430,193,744.27 at the end of Q1 2024[25] Other Financial Metrics - The basic earnings per share remained stable at CNY 0.01, with no change compared to the previous year[4] - The weighted average return on equity was 0.33%, a decrease of 0.01 percentage points from the previous year[4] - Non-recurring gains and losses amounted to CNY 364,534.22, with significant contributions from government subsidies and asset disposals[7] - The company reported a significant decline in cash flow due to lower sales receipts compared to the previous year[8] - The company paid 25,723,552.05 in cash to employees in Q1 2025, an increase from 22,695,296.17 in Q1 2024, representing an increase of about 14%[24] - The company received tax refunds of 2,254,169.39 in Q1 2025, compared to 349,275.22 in Q1 2024, showing a significant increase[24] - The total current assets as of March 31, 2025, were CNY 859,273,885.52, slightly up from CNY 853,110,064.28 at the end of 2024, an increase of 0.4%[14]