Succeeder(SH:688338)2025-04-24 13:30Financial Performance - The company's operating revenue for Q1 2025 was ¥68,639,307.27, a decrease of 9.47% compared to ¥75,818,644.14 in the same period last year[3] - Net profit attributable to shareholders was ¥23,132,857.77, down 23.98% from ¥30,429,780.54 year-on-year[3] - Basic earnings per share were ¥0.22, a decline of 24.14% from ¥0.29 in the same period last year[3] - Operating profit for Q1 2025 was ¥27,407,416.83, a decline of 23.0% from ¥35,609,570.89 in Q1 2024[18] - The total comprehensive income for Q1 2025 was ¥23,108,241.65, a decrease from ¥30,416,910.80 in Q1 2024[19] - The net profit for Q1 2025 was CNY 23,395,608.73, down 28.0% from CNY 32,555,521.07 in Q1 2024[28] Cash Flow - The net cash flow from operating activities decreased by 74.61%, amounting to ¥5,030,276.60 compared to ¥19,814,813.86 in the previous year[3] - Cash flow from operating activities for Q1 2025 was ¥5,030,276.60, significantly lower than ¥19,814,813.86 in Q1 2024[21] - The company reported a net cash outflow from investing activities of ¥4,261,410.79 in Q1 2025, compared to an outflow of ¥39,848,101.52 in Q1 2024[22] - The net cash flow from operating activities was 2,345,009.28, a decrease from 19,887,136.35 in the previous period, indicating a decline of approximately 88.2%[31] - Total cash outflow from operating activities amounted to 68,464,291.73, compared to 66,608,569.44 previously, reflecting an increase of about 2.8%[31] - The ending balance of cash and cash equivalents was 988,647,671.51, down from 1,198,013,097.82, representing a decrease of approximately 17.5%[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,746,880,074.78, a slight decrease of 0.10% from ¥1,748,651,398.28 at the end of the previous year[4] - Total liabilities decreased to RMB 89,301,227.02 from RMB 102,460,350.24 as of December 31, 2024[15] - The total equity attributable to shareholders increased to RMB 1,657,682,710.97 from RMB 1,646,270,295.13 at the end of 2024[15] - The total assets amounted to CNY 1,778,906,949.10, slightly down from CNY 1,780,564,344.64 in the previous period[26] - The total liabilities decreased to CNY 117,372,101.81 from CNY 130,704,664.15, reflecting a reduction of approximately 10.2%[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,725[8] - The largest shareholder, Wu Shiming, holds 34.66% of the shares, totaling 36,787,960 shares[9] - As of March 31, 2025, the company has repurchased a total of 2,172,456 shares, accounting for 2.0467% of the total share capital[11] Research and Development - Research and development expenses totaled ¥4,499,882.03, representing 6.56% of operating revenue, an increase of 0.37 percentage points from the previous year[4] - Research and development expenses for Q1 2025 were ¥4,499,882.03, slightly down from ¥4,695,066.54 in Q1 2024[18] - The company's research and development expenses for Q1 2025 were CNY 4,855,595.69, slightly up from CNY 4,695,066.54 in Q1 2024[27] Other Financial Metrics - The weighted average return on equity was 1.40%, down 0.48 percentage points from 1.88% in the previous year[3] - Non-recurring gains and losses amounted to ¥921,556.04, with significant contributions from government subsidies and asset disposals[7] - The company reported a significant cash inflow of 201,060,273.98 related to investment activities, highlighting strong investment recovery efforts[31] - The company plans to implement new accounting standards starting in 2025, which may impact future financial reporting[31] - The company experienced a foreign exchange impact of -111,680.81 on cash and cash equivalents, reflecting currency fluctuations[31]