CONSYS(SH:688788)2025-04-24 14:05Financial Performance - The company's operating revenue for Q1 2025 was ¥20,759,952.76, representing a 45.24% increase compared to ¥14,293,060.78 in the same period last year[3] - The net profit attributable to shareholders was -¥58,352,536.93, a decrease of 9.00% from -¥53,533,822.19 year-on-year[3] - The net cash flow from operating activities was -¥52,388,091.89, reflecting a decline of 101.22% compared to -¥26,035,778.72 in the previous year[3] - The company achieved operating revenue of CNY 20.76 million, a year-on-year increase of 45.24%[12] - The net profit was CNY -60.46 million, a year-on-year decrease of 2.09% due to a higher proportion of software radar information processing equipment delivered in the first quarter[12] - The total comprehensive income for the period was -60,457,864.86 RMB, compared to -59,218,119.95 RMB in the previous period, indicating a slight increase in losses[25] Research and Development - Research and development expenses totaled ¥53,070,032.02, down 20.14% from ¥66,451,064.19 in the same period last year[5] - The ratio of R&D expenses to operating revenue decreased by 209.28 percentage points to 255.64%[5] - The company is focusing on R&D in artificial intelligence and smart systems, enhancing its core competitiveness in wireless communication products[12] - The new generation of smart wireless radio baseband processing chip has been successfully tested, which will strengthen the company's market position[12] - The company is adjusting its fundraising project structure to increase investment in R&D while keeping the total fundraising amount unchanged[13] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,263,489,195.25, a decrease of 1.76% from ¥2,304,011,565.59 at the end of the previous year[5] - Total liabilities increased to $168,627,950.88 from $148,692,456.35, representing a rise of 13.4%[19] - The equity attributable to shareholders decreased to $2,117,031,713.76 from $2,175,384,250.70, a decline of 2.7%[20] - The company reported a significant increase in accounts receivable, totaling $504,321,181.00, compared to $550,987,050.67 in the previous year[19] Cash Flow - The net cash flow from operating activities was -52,388,091.89 RMB for Q1 2025, worsening from -26,035,778.72 RMB in Q1 2024[28] - Cash inflow from operating activities totaled 91,849,471.49 RMB, up from 79,195,169.76 RMB year-over-year, reflecting a growth of approximately 16.8%[28] - Cash outflow from operating activities increased to 144,237,563.38 RMB, compared to 105,230,948.48 RMB in the previous year, representing a rise of about 37%[28] - The net cash flow from investing activities was 491,971,425.64 RMB, a significant improvement from -5,033,190.64 RMB in the prior year[28] - The cash and cash equivalents at the end of the period stood at 1,165,665,938.54 RMB, compared to 1,310,689,771.86 RMB at the end of the previous year[29] Shareholder Information - The total number of common shareholders at the end of the reporting period was 5,880[9] - The largest shareholder, Liu Jiande, holds 40,113,741 shares, representing 37.93% of the total shares[9] Future Strategy - The company plans to focus on market expansion and new product development as part of its future strategy[24] - The company has approximately CNY 408 million in hand orders and production notifications, including verbal orders[12] - The company invested CNY 20 million in its wholly-owned subsidiary, increasing its registered capital from CNY 10 million to CNY 30 million[13] - The company has frozen funds of CNY 10.24 million in its bank account due to a lawsuit, which does not impact its fundraising projects[14] - The company has also frozen funds of CNY 690,900 in its subsidiary's bank account due to a contract dispute, with no adverse effects on operations[15]