ELECSPN(002935)2025-04-25 08:05Financial Performance - The company's revenue for Q1 2025 was ¥91,579,926.62, representing a decrease of 14.46% compared to ¥107,064,523.81 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥6,417,288.92, an improvement of 29.46% from a loss of ¥9,097,894.04 in the previous year[5] - Total operating revenue for the current period is 91,579,926.62, down from 107,064,523.81 in the previous period, representing a decrease of approximately 14.5%[19] - Net profit for the current period is -6,417,288.92, an improvement from -9,097,894.04 in the previous period, indicating a reduction in losses of approximately 29.5%[21] - Basic and diluted earnings per share improved to -0.0152 from -0.0232, reflecting a decrease in loss per share[21] Cash Flow and Liquidity - The cash flow from operating activities showed a net outflow of ¥108,527,824.43, which is a 29.33% improvement compared to a net outflow of ¥153,566,419.49 last year[5] - Cash and cash equivalents decreased by ¥111,382,721.04, which is a 28.39% improvement from a decrease of ¥155,548,264.49 in the previous year[11] - Cash flow from operating activities shows a net outflow of -108,527,824.43, an improvement from -153,566,419.49 in the previous period[22] - Cash and cash equivalents at the end of the period stand at 372,834,841.43, up from 300,231,502.75 in the previous period[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,901,083,073.72, reflecting a 1.29% increase from ¥2,864,056,453.24 at the end of the previous year[5] - Current assets totaled CNY 2,577,618,575.78, slightly up from CNY 2,534,401,408.80 at the start of the period[16] - Total current liabilities amounted to CNY 1,266,595,098.77, up from CNY 1,223,715,013.62, indicating a rise of about 3.5%[17] - Total liabilities increased to 1,320,964,791.54 from 1,278,409,706.38, reflecting a growth of about 3.3%[18] - Total equity attributable to shareholders decreased to 1,580,118,282.18 from 1,585,646,746.86, a decline of approximately 0.4%[18] Shareholder Information - The company has a significant shareholder, China Electronics Technology Group Corporation, holding 40.26% of shares[14] - The top ten shareholders collectively hold a substantial portion of the company, with the largest shareholder having 171,698,289 shares[14] - The company has engaged in financing activities, with one of the top shareholders, Zheng Wenbao, holding 16,645,543 shares through a credit securities account[14] Government Support and Other Income - The company received government subsidies amounting to ¥6,644,999.99, contributing positively to the financial results[7] - Other income increased by 56.72% to ¥8,066,156.90, primarily due to receiving industrial support funds[10] Research and Development - Research and development expenses increased to 7,400,528.46 from 6,671,255.68, indicating a rise of approximately 10.9%[19] Accounting and Reporting - The first quarter report is unaudited[23] - The new accounting standards will be implemented starting in 2025[23] - The financial statement adjustments will take effect at the beginning of the year in which the new standards are first applied[23] - The board of directors of Chengdu Tian'ao Electronics Co., Ltd. issued the report on April 25, 2025[23]