Guoguang Electric (SH:688776)2025-04-24 14:10Financial Performance - The company's operating revenue for Q1 2025 was ¥104,952,504.54, a decrease of 34.07% compared to ¥159,182,380.85 in the same period last year[4] - Net profit attributable to shareholders was ¥2,117,707.41, down 92.65% from ¥28,796,524.70 year-on-year[4] - Basic earnings per share decreased by 92.59%, from ¥0.27 to ¥0.02[5] - Total operating revenue for Q1 2025 was CNY 104,952,504.54, a decrease of 34.1% compared to CNY 159,182,380.85 in Q1 2024[18] - The company's net profit for Q1 2025 was CNY 2,117,707.41, a decrease of 92.64% compared to CNY 28,796,524.70 in Q1 2024[20] - Total profit before tax for Q1 2025 was CNY 2,527,199.66, significantly lower than CNY 33,842,469.75 in Q1 2024, reflecting a decline of about 92.56%[19] - The company's total operating income for Q1 2025 was CNY 93,630,500.55, down from CNY 162,506,293.42 in Q1 2024, a decline of approximately 42.4%[22] Cash Flow and Assets - The net cash flow from operating activities was -¥21,915,424.17, a decline of 169.03% compared to ¥31,748,526.55 in the previous year[4] - The company's cash and cash equivalents decreased to CNY 381,244,591.12 from CNY 456,389,364.80, a decline of 16.5%[14] - The company's cash and cash equivalents at the end of Q1 2025 were CNY 379,947,427.07, down from CNY 987,050,214.11 at the end of Q1 2024, a decrease of approximately 61.5%[24] - The company incurred a net cash outflow from investing activities of CNY -32,883,259.97 in Q1 2025, compared to CNY -24,748,856.00 in Q1 2024[23] - Current assets as of March 31, 2025, totaled CNY 2,039,461,051.19, down from CNY 2,085,128,531.69 as of December 31, 2024, reflecting a decrease of 2.2%[14] - Total assets at the end of the reporting period were ¥2,418,731,003.27, a decrease of 1.21% from ¥2,448,248,133.23 at the end of the previous year[5] - Total assets decreased to CNY 2,418,731,003.27 as of March 31, 2025, from CNY 2,448,248,133.23 at the end of 2024, a decline of 1.2%[16] - Total liabilities as of March 31, 2025, were CNY 567,061,680.38, down from CNY 599,424,816.12, indicating a reduction of 5.4%[16] Research and Development - R&D investment totaled ¥6,248,531.00, down 39.15% from ¥10,269,277.40 year-on-year, representing 5.95% of operating revenue[5] - Research and development expenses decreased to CNY 6,248,531.00 in Q1 2025 from CNY 10,269,277.40 in Q1 2024, a decline of about 39.1%[19] Operational Challenges - The decline in revenue was primarily due to delays in order placements and the impact of domestic project design phases[8] - Total operating costs for Q1 2025 were CNY 96,466,171.41, down from CNY 121,261,078.54 in Q1 2024, representing a reduction of approximately 20.5%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,531[10] - There were no changes in the top 10 shareholders or their participation in margin trading activities[11] Other Information - Non-recurring gains and losses amounted to ¥323,443.40, after accounting for tax effects[7] - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[12] - The company reported a total revenue from sales of goods and services of CNY 92,180,123.48 in Q1 2025, down from CNY 160,763,925.47 in Q1 2024, indicating a decrease of approximately 42.6%[22] - The weighted average return on net assets was 0.11%, a decrease of 1.45 percentage points from 1.56% in the previous year[5] - The company reported a decrease in short-term borrowings and other liabilities, indicating a strategic focus on reducing debt levels[16]