Tricolor(SH:603516)2025-04-23 11:15Financial Performance - The company's operating revenue for Q1 2025 was CNY 39,141,280.88, a decrease of 47.67% compared to the same period last year[3]. - The net profit attributable to shareholders was a loss of CNY 14,516,275.47, representing a decline of 342.29% year-over-year[3]. - The net cash flow from operating activities was negative CNY 36,964,216.63, a significant drop of 1,419.73% compared to the previous year[3]. - Basic and diluted earnings per share were both CNY -0.07, down 333.33% from CNY 0.03 in the same quarter last year[3]. - Operating profit for Q1 2025 was a loss of CNY 15,998,909.00, compared to a profit of CNY 6,456,152.07 in Q1 2024[16]. - The company reported a net loss of CNY 15,998,909.00 for Q1 2025, compared to a net profit in Q1 2024[16]. - The net profit for the first quarter of 2025 was -15,942,072.61 RMB, compared to a net profit of 5,518,868.03 RMB in the first quarter of 2024, indicating a significant decline[17]. - The company reported a total comprehensive loss of -15,942,072.61 RMB for the first quarter of 2025, compared to a comprehensive income of 5,518,868.03 RMB in the first quarter of 2024[17]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,545,692,240.60, a decrease of 1.94% from the previous year-end[4]. - Total assets as of March 31, 2025, were CNY 1,545,692,240.60, down from CNY 1,576,261,828.15 as of December 31, 2024[12]. - Total liabilities decreased to CNY 117,461,550.85 as of March 31, 2025, from CNY 134,232,959.86 as of December 31, 2024, a reduction of 12.5%[13]. - The company’s total equity as of March 31, 2025, was CNY 1,428,230,689.75, a slight decrease from CNY 1,442,028,868.29 as of December 31, 2024[13]. Cash Flow - Cash and cash equivalents decreased to CNY 534,350,880.21 as of March 31, 2025, from CNY 643,486,787.49 as of December 31, 2024, a decline of 17%[11]. - Operating cash flow for the first quarter of 2025 was -36,964,216.63 RMB, down from 2,800,895.16 RMB in the same period last year, reflecting a negative cash flow trend[21]. - Total cash and cash equivalents at the end of the first quarter of 2025 stood at 532,216,794.37 RMB, slightly up from 529,639,489.87 RMB at the end of the first quarter of 2024[22]. - Investment activities resulted in a net cash outflow of -71,386,314.14 RMB in the first quarter of 2025, compared to -16,883,618.69 RMB in the same period last year, indicating increased investment expenditures[22]. - The company received cash inflows from investment activities totaling 171,803,975.21 RMB in the first quarter of 2025, an increase from 111,423,829.24 RMB in the same period last year[21]. Inventory and Costs - The company reported a significant increase in inventory by 31.30%, attributed to increased stocking during the period[5]. - Total operating costs for Q1 2025 were CNY 60,525,846.41, down 24.6% from CNY 80,159,409.64 in Q1 2024[16]. - The company incurred operating expenses of 120,368,272.82 RMB in the first quarter of 2025, compared to 141,480,265.62 RMB in the first quarter of 2024, showing a reduction in operating costs[21]. - Research and development expenses for Q1 2025 were CNY 16,540,328.39, slightly up from CNY 16,313,108.29 in Q1 2024[16]. Business Operations - The decline in operating revenue was primarily due to lower-than-expected new orders and delays in the delivery of large orders in the virtual reality business[5]. - The company is in the process of ramping up production of its new LED driver and logic integrated chips, which have passed initial testing[5]. - The company recognized non-recurring gains of CNY 1,765,895.02 during the period, which included government subsidies and other income[5]. - The company has not executed any mergers or acquisitions during the reporting period, with the merged entity reporting a net profit of 0 RMB[18].