ZHENHUA(000733)2025-04-23 14:20Financial Performance - The company's operating revenue for Q1 2025 was ¥908,269,700.08, a decrease of 10.45% compared to ¥1,014,207,036.46 in the same period last year[3] - Net profit attributable to shareholders was ¥58,514,278.38, down 42.60% from ¥101,940,089.06 year-on-year[3] - Basic and diluted earnings per share were both ¥0.1056, representing a decrease of 42.73% from ¥0.1844 in the same period last year[3] - Net profit for the current period is ¥58,574,473.32, down 42.47% from ¥101,946,145.20 in the previous period[25] - Basic earnings per share decreased to ¥0.1056 from ¥0.1844, a decline of 42.54%[25] Cash Flow - The net cash flow from operating activities was negative at -¥30,232,745.44, a decline of 121.51% compared to ¥140,539,910.63 in the previous year[3] - Cash flow from operating activities showed a net outflow of ¥30,232,745.44, compared to a net inflow of ¥140,539,910.63 in the previous period[26] - The net cash flow from investing activities was -¥61,338,669.21, a decrease of 39.09% compared to -¥100,704,342.07 in the previous year[15] - Investment activities resulted in a net cash outflow of ¥61,338,669.21, compared to a net outflow of ¥100,704,342.07 in the previous period[26] - Financing activities generated a net cash outflow of ¥2,729,396.87, an improvement from a net outflow of ¥17,899,491.38 in the previous period[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥18,061,560,363.41, showing no significant change from ¥18,062,430,877.13 at the end of the previous year[3] - The total assets of China Zhihua (Group) Technology Co., Ltd. as of March 31, 2025, amounted to CNY 18,061,560,363.41, showing a slight decrease from CNY 18,062,430,877.13 at the beginning of the period[20] - The company's current assets totaled CNY 14,117,157,231.18, compared to CNY 14,081,889,508.33 at the beginning of the period, indicating a marginal increase[20] - The total liabilities decreased to CNY 3,254,925,539.49 from CNY 3,314,370,526.53, indicating a reduction of approximately 1.8%[21] - The owner's equity totaled CNY 14,806,634,823.92, slightly increasing from CNY 14,748,060,350.60, which is an increase of about 0.4%[23] Expenses - The company reported a significant increase in financial expenses, which amounted to ¥5,353,914.50, a decrease of 32.55% from ¥7,937,313.94 in the previous year[11] - Total operating costs decreased to ¥816,871,514.94 from ¥884,472,836.21, reflecting a reduction of 7.65%[24] - The company reported a decrease in sales expenses to ¥60,302,003.87 from ¥80,716,817.10, a reduction of 25.3%[24] - Research and development expenses decreased to ¥64,603,582.19 from ¥70,372,771.96, a decline of 8.5%[24] Investment and Shareholder Information - Investment income dropped by 65.61% to ¥1,458,061.17 from ¥4,239,695.95 year-on-year[13] - The company recorded a credit impairment loss of -¥6,931,045.79, an increase of 820.49% compared to -¥752,973.45 in the previous year[13] - The company has a significant shareholder, China Zhihua Electronics Group Co., Ltd., holding 31.01% of the shares, totaling 171,837,944 shares[18] - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest shareholder holding over 31%[18] - The company has no reported changes in the participation of the top ten shareholders in margin financing and securities lending activities[18]