Baolande(SH:688058)2025-04-24 13:30Financial Performance - The company's operating revenue for Q1 2025 was ¥38,670,910.89, a decrease of 43.30% compared to ¥68,200,858.50 in the same period last year[3] - The net profit attributable to shareholders was -¥30,367,060.48, compared to -¥3,380,814.29 in the previous year, indicating a significant decline[3] - The basic and diluted earnings per share were both -¥0.39, a decline from -¥0.06 in the previous year[5] - Net loss for Q1 2025 was CNY 30,367,060.48, compared to a net loss of CNY 3,818,333.94 in Q1 2024, representing an increase in loss of 694.5%[22] - Operating profit for Q1 2025 was CNY -29,527,216.60, compared to CNY -2,792,678.68 in Q1 2024[21] Research and Development - Research and development (R&D) expenses totaled ¥22,003,875.33, representing 56.90% of operating revenue, an increase of 29.08 percentage points from 27.82% year-on-year[5] - Research and development expenses for Q1 2025 were CNY 22,003,875.33, an increase from CNY 18,975,342.98 in Q1 2024[21] - Research and development expenses rose to CNY 22,233,267.81 in Q1 2025, up from CNY 12,176,741.08 in Q1 2024, reflecting a 82.8% increase in investment in innovation[30] Cash Flow and Liquidity - The net cash flow from operating activities was -¥1,826,170.22, an improvement from -¥3,164,072.05 in the same period last year[3] - The total cash and cash equivalents at the end of the period increased to CNY 112,616,237.24 from CNY 104,753,884.32 at the beginning of the period, showing a net increase of CNY 7,862,352.92[25] - Operating cash flow for Q1 2025 was -1,301,229.46 RMB, down from 6,760,700.16 RMB in Q1 2024, reflecting a negative cash flow trend[33] - Cash outflows related to operating activities totaled 74,905,110.88 RMB in Q1 2025, compared to 72,452,129.48 RMB in Q1 2024, reflecting increased operational costs[33] Assets and Liabilities - Total assets at the end of the reporting period were ¥735,699,592.43, a decrease of 4.88% from ¥773,414,119.59 at the end of the previous year[5] - Total liabilities decreased from CNY 47,262,769.38 to CNY 38,823,284.61, a decline of 17.5%[18] - The company's equity attributable to shareholders decreased from CNY 726,151,350.21 to CNY 696,876,307.82, a decline of 4.0%[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 5,640[9] - The largest shareholder, Yizundao, holds 35.29% of the shares, totaling 27,432,681 shares[9] - The company has a diverse shareholder base, with the top shareholder holding 27,432,681 shares, representing a significant stake in the company[12] Market and Strategic Focus - The company has successfully won bids for significant projects, including the Zhengzhou AI Computing Center, showcasing its capabilities in AI technology and project execution[13] - The company is focusing on enhancing its AI intelligent computing platform, optimizing features such as power scheduling and heterogeneous computing adaptation[13] - The company reported a significant focus on key customers in traditional infrastructure software and intelligent operations, aiming to deepen customer engagement[13] - The company is actively pursuing market expansion and new technology development to capture opportunities in the AI sector[13]