Headman(SH:688577)2025-04-24 13:35Financial Performance - The company's operating revenue for Q1 2025 was CNY 142,187,890.83, a decrease of 13.96% compared to CNY 165,260,319.44 in the same period last year[2]. - Net profit attributable to shareholders was CNY 2,123,149.05, down 24.58% from CNY 2,815,271.81 year-on-year[2]. - The net profit after deducting non-recurring gains and losses dropped by 61.23%, amounting to CNY 811,784.46, primarily due to delays in revenue recognition from long-cycle automation projects[6]. - Total operating revenue for Q1 2025 was ¥142,187,890.83, a decrease of 14% compared to ¥165,260,319.44 in Q1 2024[16]. - Net profit for Q1 2025 was ¥2,123,149.05, a decline of 24.6% from ¥2,815,271.81 in Q1 2024[17]. - Operating revenue for the first quarter of 2025 was CNY 133,333,947.81, down 11.5% from CNY 150,215,775.58 in the first quarter of 2024[24][25]. Cash Flow - The net cash flow from operating activities was negative at CNY -25,631,198.42, a decline of 322.39% compared to CNY 11,525,301.45 in the previous year[2]. - Operating cash flow for Q1 2025 was negative at -¥25,631,198.42, compared to a positive cash flow of ¥11,525,301.45 in Q1 2024[20]. - Total cash inflow from operating activities was 224,453,135.64 RMB, compared to 147,879,994.06 RMB in the same period last year, representing a 51.8% increase[26]. - Cash outflow from operating activities increased to 244,498,534.88 RMB, up from 139,120,329.01 RMB, marking a 75.7% rise[26]. - Cash flow from investing activities showed a net outflow of -48,522,903.43 RMB, compared to -10,838,006.39 RMB in Q1 2024[26]. - Cash inflow from financing activities was 129,000,000.00 RMB, significantly higher than 52,900,000.00 RMB in the previous year, indicating a 143.5% increase[27]. Assets and Liabilities - Total assets increased by 1.38% to CNY 1,690,243,279.26 from CNY 1,667,176,327.53 at the end of the previous year[3]. - The company's current assets decreased to CNY 914,466,718.68 from CNY 927,607,221.64, representing a decline of about 1.5%[11]. - The total liabilities rose to CNY 674,504,429.59 from CNY 654,316,168.11, indicating an increase of about 3.1%[12][13]. - The company's total assets as of March 31, 2025, amounted to CNY 1,564,252,534.69, a slight increase from CNY 1,559,687,952.00 as of December 31, 2024[22][24]. - The total current liabilities slightly increased to CNY 483,910,978.62 from CNY 482,854,228.73, reflecting a marginal rise of 0.2%[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 3,875[7]. - The top three shareholders held a combined 50.93% of the company's shares, with the largest shareholder owning 22.86%[8]. Research and Development - R&D investment totaled CNY 9,087,982.75, representing a decrease of 17.35% from CNY 10,995,998.37, with R&D expenses accounting for 6.39% of operating revenue[3]. - Research and development expenses for Q1 2025 were ¥9,087,982.75, a decrease of 17.4% from ¥10,995,998.37 in Q1 2024[16]. - Research and development expenses for Q1 2025 were CNY 6,507,684.10, down 20.1% from CNY 8,150,026.67 in Q1 2024[24]. Other Income and Expenses - The company reported non-recurring gains of CNY 1,311,364.59, which included government subsidies and other non-operating income[6]. - The company reported a significant increase in other income, which rose to ¥8,321,883.33 in Q1 2025 from ¥3,280,957.27 in Q1 2024[16]. - The company incurred a credit impairment loss of ¥171,316.77 in Q1 2025, compared to a gain of ¥170,668.13 in Q1 2024[16]. - The company reported a credit impairment loss of CNY 300,436.89 in Q1 2025, compared to a loss of CNY 227,193.72 in the same quarter of 2024[25]. Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[25].