M&S ELECTRONICS(SH:688311)2025-04-24 15:25Financial Performance - The company's operating revenue for Q1 2025 was ¥21,113,026.22, representing a 48.01% increase compared to ¥14,264,624.52 in the same period last year[2] - The net profit attributable to shareholders was -¥15,035,753.48, an improvement from -¥21,752,869.19 year-over-year[2] - The increase in operating revenue was attributed to a recovery in the industry and gradual restoration of projects and orders[6] - Total revenue for Q1 2025 reached ¥21,113,026.22, a 48.3% increase from ¥14,264,624.52 in Q1 2024[15] - Operating profit for Q1 2025 was -¥17,334,916.56, an improvement from -¥29,172,300.00 in Q1 2024[16] - Net profit for Q1 2025 was -¥15,186,833.08, compared to -¥22,255,256.57 in Q1 2024, indicating a 31.7% reduction in losses[16] Cash Flow - The net cash flow from operating activities improved to -¥17,097,950.73 from -¥74,261,628.13 in the previous year[2] - Cash flow from operating activities showed a net outflow of -¥17,097,950.73, an improvement from -¥74,261,628.13 in the same period last year[20] - The net cash flow from investment activities was -¥10,378,146.38 in Q1 2025, an improvement from -¥268,071,913.45 in Q1 2024[27] - The net increase in cash and cash equivalents for Q1 2025 was ¥2,867,398.43, contrasting with a net decrease of -¥308,275,102.06 in Q1 2024[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,269,589,677.97, a slight decrease of 0.94% from ¥2,291,157,871.60 at the end of the previous year[3] - Current assets totaled approximately ¥1.24 billion, slightly down from ¥1.25 billion, indicating a decrease of about 0.5%[12] - Total current liabilities were approximately ¥380.96 million, down from ¥387.17 million, indicating a decrease of about 1.3%[13] - The total liabilities decreased slightly to ¥606,974,918.25 from ¥613,934,873.89[14] - The company's total liabilities increased to CNY 295,120,894.99 from CNY 287,511,594.36, indicating a rise in financial obligations[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 6,998[7] - Basic and diluted earnings per share for Q1 2025 were both -¥0.09, an improvement from -¥0.14 in Q1 2024[17] - The total equity attributable to shareholders decreased to ¥1,615,199,946.65 from ¥1,629,657,105.04[14] - The total owner's equity decreased to CNY 1,609,979,932.63 from CNY 1,613,555,339.47, indicating a reduction in shareholder value[24] Research and Development - R&D investment totaled ¥15,943,465.39, a decrease of 14.16% from ¥18,573,037.29, with R&D expenses accounting for 75.51% of operating revenue, down from 130.20%[3] - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company has not disclosed any significant new strategies or product developments during the reporting period[11] Other Financial Metrics - The weighted average return on equity improved to -0.93% from -1.28%[3] - The company reported non-recurring gains of ¥4,458,843.31, primarily from government subsidies and asset disposals[4] - Total operating costs decreased to ¥57,482,723.74 from ¥59,567,699.41, reflecting a reduction of 3.5%[16] - The gross profit margin for the first quarter of 2025 was approximately 68.4%, compared to 66.7% in the first quarter of 2024[25] - The net loss for the first quarter of 2025 was CNY 3,576,278.25, slightly improved from a net loss of CNY 3,675,359.17 in the previous year[26]