BOMESC(SH:603727)2025-04-24 13:10Financial Performance - The company's operating revenue for Q1 2025 was CNY 542,970,153.87, representing a 9.30% increase compared to CNY 496,777,363.35 in the same period last year[5] - Net profit attributable to shareholders decreased by 65.70% to CNY 11,591,306.48 from CNY 33,795,383.26 year-on-year[5] - The net profit excluding non-recurring gains and losses dropped by 81.01% to CNY 9,300,997.87 from CNY 48,987,825.90 in the previous year[5] - Basic and diluted earnings per share were both CNY 0.04, down 66.67% from CNY 0.12 in the same period last year[6] - The weighted average return on equity decreased by 0.69 percentage points to 0.36% from 1.05% year-on-year[6] - Total assets at the end of the reporting period were CNY 5,126,056,499.73, a decrease of 5.62% from CNY 5,431,539,736.87 at the end of the previous year[6] - The net cash flow from operating activities was negative at CNY -207,224,907.99, worsening from CNY -107,506,514.65 in the same period last year[5] - Total revenue for Q1 2025 reached ¥542,970,153.87, an increase of 9.1% compared to ¥496,777,363.35 in Q1 2024[19] - Net profit for Q1 2025 was ¥11,591,342.44, down 65.7% from ¥33,795,457.80 in Q1 2024[20] - Operating cash flow for Q1 2025 showed a net outflow of ¥207,224,907.99, compared to a net outflow of ¥107,506,514.65 in Q1 2024[23] - Total assets decreased to ¥5,126,056,499.73 as of March 31, 2025, from ¥5,431,539,736.87 at the end of 2024[16] - Cash and cash equivalents at the end of Q1 2025 were ¥1,191,367,869.02, down from ¥1,634,802,874.19 in Q1 2024[23] - The total liabilities decreased to ¥1,891,367,981.56 from ¥2,208,444,419.20, reflecting a reduction in financial leverage[16] Operational Insights - The increase in operating revenue was primarily due to an increase in the completion of orders during the period[7] - The significant decrease in net profit was mainly attributed to an increase in impairment provisions for contract assets[7] - The company reported non-recurring gains of CNY 2,290,308.61, primarily from investment income on time deposits[8] - Research and development expenses for Q1 2025 were ¥12,156,297.78, a decrease of 42.7% from ¥21,257,616.59 in Q1 2024[19] - The company reported a significant increase in cash inflow from investment activities, totaling ¥960,098,431.13 in Q1 2025 compared to ¥4,250,221.31 in Q1 2024[23] Future Outlook and Strategy - The company provided a future outlook with a revenue guidance of 1.5 billion RMB for Q2 2025, representing a 25% increase compared to Q2 2024[24] - New product development includes the launch of a cutting-edge marine engineering technology expected to enhance operational efficiency by 30%[24] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2025[24] - A strategic acquisition of a local competitor is anticipated to increase the company's service capacity by 40%[24] - The company has allocated 200 million RMB for R&D in the upcoming fiscal year to drive innovation[24] - The gross margin improved to 35%, up from 30% in the previous quarter, reflecting better cost management[24] - The company aims to reduce operational costs by 15% through process optimization initiatives[24] - A new partnership with a leading technology firm is expected to enhance product offerings and drive revenue growth by 20%[24] User and Market Performance - User data showed a growth in active users by 20%, totaling 5 million users by the end of the quarter[24] - The company reported a revenue increase of 15% year-over-year, reaching 1.2 billion RMB in Q1 2025[24]