Daybright(SZ:300670)2025-04-24 13:25Financial Performance - The company's operating revenue for Q1 2025 was ¥70,730,978.51, a decrease of 35.23% compared to ¥109,200,635.64 in the same period last year[5] - The net profit attributable to shareholders was -¥17,931,789.34, representing a decline of 409.89% from a profit of ¥5,786,440.06 in the previous year[5] - Total operating revenue decreased to ¥70,730,978.51 from ¥109,200,635.64, representing a decline of approximately 35.2% year-over-year[19] - Net profit for the period was a loss of ¥17,931,789.34, compared to a profit of ¥5,248,640.99 in the previous period, indicating a significant downturn[20] - The basic and diluted earnings per share were both -0.0566, compared to 0.0183 in the previous period, indicating a shift to loss per share[20] - Other comprehensive income after tax was ¥23,056.78, contributing to the total comprehensive loss of ¥17,908,732.56 for the period[20] Cash Flow - The net cash flow from operating activities improved to ¥3,970,653.87, a significant increase of 111.12% compared to -¥35,701,324.00 in the same period last year[5] - Operating cash flow generated was ¥3,970,653.87, a recovery from a negative cash flow of ¥35,701,324.00 in the previous period[23] - The net cash flow from investing activities was -$2,498,887.12, compared to -$60,279,648.77 in the previous period[24] - The net cash flow from financing activities was -$95,683,375.27, a significant decrease from $83,147,450.44 in the prior period[24] - The company reported a net decrease in cash and cash equivalents of -$94,203,287.31, compared to -$12,837,904.08 previously[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,854,270,823.31, down 8.98% from ¥2,037,140,089.57 at the end of the previous year[5] - Current assets decreased from CNY 516,841,133.00 to CNY 349,129,164.70, representing a decline of about 32.5%[15] - Cash and cash equivalents dropped significantly from CNY 152,884,045.00 to CNY 40,303,894.34, a decrease of approximately 73.6%[15] - Total liabilities decreased from CNY 1,396,090,653.21 to CNY 1,231,130,119.51, a reduction of approximately 11.8%[16] - Short-term borrowings decreased from CNY 360,317,602.83 to CNY 305,292,297.26, a decrease of about 15.3%[16] - Non-current liabilities decreased from CNY 549,893,227.31 to CNY 498,784,032.92, a reduction of approximately 9.3%[16] - The company's total equity remained stable at CNY 623,140,703.80, with no significant changes reported[16] - The company's equity attributable to shareholders decreased to ¥623,140,703.80 from ¥641,049,436.36, a decline of about 2.8%[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,052, with no preferred shareholders[10] - The largest shareholder, Chen Jie, holds 36.39% of the shares, amounting to 115,317,000 shares, with 24,300,000 shares pledged[10] Expenses - The company reported a significant reduction in financial expenses, which decreased by 45.94% to ¥8,031,776.76 from ¥14,857,291.83 in the previous year[8] - Total operating costs decreased to ¥97,146,103.75 from ¥134,515,862.70, a reduction of about 28.0% year-over-year[19] - Research and development expenses decreased to ¥3,773,125.01 from ¥5,005,694.86, a reduction of approximately 24.6% year-over-year[19] - Financial expenses decreased significantly to ¥8,031,776.76 from ¥14,857,291.83, a decrease of about 46.0% year-over-year[19] Government Support - The company received government subsidies amounting to ¥326,065.00 during the reporting period[6] Other Information - The company did not undergo an audit for the first quarter report[25] - The company plans to implement new accounting standards starting in 2025, but this does not apply to the current reporting period[25]