LMZ(SH:600249)2025-04-24 12:15Financial Performance - The company's operating revenue for Q1 2025 was CNY 239,980,888.70, representing a 15.49% increase compared to CNY 207,794,818.22 in the same period last year[2] - The net profit attributable to shareholders was a loss of CNY 14,169,477.46, compared to a loss of CNY 1,274,521.77 in the previous year, indicating a significant decline[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 4,941,137.52, down 5.44% from CNY 5,225,506.29 year-on-year[2] - The basic earnings per share for the period was -CNY 0.0258, compared to -CNY 0.0023 in the same period last year, reflecting a decrease due to changes in fair value of held stocks[3] - The weighted average return on equity was -0.65%, a decrease of 0.59 percentage points compared to the previous year[3] - The net profit for the first quarter of 2025 was -13,841,032.92 RMB, compared to -1,174,490.56 RMB in the same period of 2024, indicating a significant decline in profitability[15] - The total comprehensive income attributable to the parent company was -14,169,477.46 RMB in Q1 2025, compared to -1,274,521.77 RMB in Q1 2024, indicating a worsening financial position[16] - The total revenue from operating activities in Q1 2025 was 264,588,003.61 RMB, down from 276,576,630.46 RMB in Q1 2024, reflecting a decrease of approximately 4.3%[18] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,685,995,731.10, down 1.28% from CNY 2,720,923,571.60 at the end of the previous year[3] - As of March 31, 2025, total current assets amounted to RMB 1,950,251,228.20, a decrease from RMB 1,986,779,830.53 at the end of 2024[10] - Total assets as of March 31, 2025, were RMB 2,685,995,731.10, down from RMB 2,720,923,571.60 at the end of 2024[12] - Total liabilities as of March 31, 2025, were RMB 517,568,600.75, a decrease from RMB 538,655,408.33 at the end of 2024[12] - The company’s non-current liabilities totaled RMB 69,072,477.55 as of March 31, 2025, down from RMB 76,483,638.22 at the end of 2024[12] - The company’s short-term borrowings increased to RMB 100,000,000.00 as of March 31, 2025, from RMB 90,000,000.00 at the end of 2024[11] Cash Flow - The net cash flow from operating activities was CNY 12,490,316.54, a significant improvement from -CNY 14,258,810.76 in the same period last year[6] - The company’s financing activities generated a net cash inflow of 9,266,758.48 RMB in Q1 2025, contrasting with a net outflow of -9,422,081.92 RMB in Q1 2024[19] - The cash and cash equivalents at the end of Q1 2025 stood at 1,274,886,031.77 RMB, compared to 1,245,949,790.26 RMB at the end of Q1 2024, showing a slight increase[19] Operating Costs and Expenses - Total operating costs for Q1 2025 were RMB 234,140,078.32, up from RMB 203,364,791.88 in Q1 2024, reflecting a year-over-year increase of 15.1%[14] - Operating costs included RMB 197,959,882.42 in operating expenses for Q1 2025, compared to RMB 169,292,098.94 in Q1 2024, indicating a rise of 16.9%[14] - The company reported a significant increase in research and development expenses, which rose to 4,774,536.75 RMB in Q1 2025 from 3,814,130.22 RMB in Q1 2024, marking an increase of approximately 25.2%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,194, with the largest shareholder holding 33.4% of the shares[7] Government Subsidies and Non-Recurring Items - The company received government subsidies amounting to CNY 1,848,762.02, which are closely related to its normal business operations[4] - The company reported a total non-recurring loss of CNY 19,110,614.98 after accounting for various non-operating income and expenses[5] - The company incurred a loss from fair value changes amounting to -26,459,057.62 RMB in Q1 2025, compared to -11,620,830.30 RMB in Q1 2024, indicating increased volatility in asset valuations[15]