Sinotec(SH:603121)2025-04-24 12:55Financial Performance - The company's operating revenue for Q1 2025 was CNY 276,156,601.03, a decrease of 19.16% compared to CNY 341,616,915.13 in the same period last year[3]. - Net profit attributable to shareholders was CNY 14,419,740.85, down 61.97% from CNY 37,920,910.96 year-on-year[3]. - Basic earnings per share were CNY 0.04, a decline of 63.64% from CNY 0.11 in the same period last year[3]. - Operating profit for Q1 2025 was ¥11.82 million, a significant decline of 71.1% from ¥41.00 million in Q1 2024[18]. - Net profit for Q1 2025 was ¥11.88 million, down 66.5% from ¥35.38 million in Q1 2024[19]. Cash Flow - The net cash flow from operating activities decreased by 83.99%, amounting to CNY 15,580,902.50 compared to CNY 97,344,065.63 in the previous year[3]. - In Q1 2025, the net cash flow from operating activities was ¥15,580,902.50, a decrease of 84.93% compared to ¥97,344,065.63 in Q1 2024[20]. - Total cash inflow from operating activities was ¥303,018,614.03, down 16.66% from ¥363,517,317.29 in the same period last year[20]. - Cash outflow from operating activities increased to ¥287,437,711.53, up 7.99% from ¥266,173,251.66 in Q1 2024[20]. - The net cash flow from investing activities was -¥135,088,132.67, significantly worse than -¥17,684,175.30 in Q1 2024[21]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,130,079,208.78, an increase of 0.59% from CNY 2,117,565,307.04 at the end of the previous year[4]. - Total current assets as of March 31, 2025, amount to 905,353,773.65 RMB, down from 1,000,912,672.08 RMB at the end of 2024[13]. - Total liabilities were ¥865.04 million as of March 31, 2025, a marginal increase from ¥864.41 million at the end of 2024[15]. Shareholder Information - Total number of common stock shareholders at the end of the reporting period is 20,313[8]. - The largest shareholder, Shanghai Huajian Investment Management Co., holds 139,540,400 shares, representing 41.22% of total shares[8]. - The second-largest shareholder, Wu Huai Lei, holds 24,692,616 shares, accounting for 7.29%[9]. Operational Challenges - The decline in revenue and profit was attributed to delayed order demand from clients and intensified market competition leading to price pressures[6]. - The company is actively seeking to reduce procurement and production costs through refined management to positively impact profits amid challenging market conditions[6]. - There are no other important reminders regarding the company's operational situation during the reporting period[10]. Government Support - The company received government subsidies amounting to CNY 4,558,659.63, which are closely related to its normal business operations[5]. Investment and Research - The company reported a decrease in research and development expenses to ¥16.16 million in Q1 2025 from ¥17.90 million in Q1 2024[18]. - The company invested ¥128,000,000.00 in cash payments for investments in Q1 2025, with no comparable figure for Q1 2024[21].