Netac(SZ:300042)2025-04-25 08:15Revenue and Profitability - The company's revenue for Q1 2025 was ¥233,899,293.32, representing a 5.19% increase compared to ¥222,349,801.01 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥12,707,709.51, which is a 200.67% decline from a loss of ¥4,226,482.87 in the previous year[4] - The total operating revenue for the period was CNY 233,899,293.32, an increase from CNY 222,349,801.01 in the previous period, representing a growth of approximately 7%[23] - The net loss for the period was CNY 12,962,101.11, compared to a net loss of CNY 5,392,327.44 in the previous period, indicating a significant increase in losses[24] - Basic and diluted earnings per share were both reported at CNY -0.0634, compared to CNY -0.0211 in the previous period[24] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, with a net outflow of ¥6,146,052.66, a 92.17% improvement from a net outflow of ¥78,473,486.60 in the same period last year[4] - Operating cash inflow totaled $237,098,200.58, down 20.3% from $297,298,419.75 in the previous period[27] - Operating cash outflow amounted to $243,244,253.24, a decrease of 35.4% compared to $375,771,906.35 last period[27] - Cash flow from investing activities showed a net outflow of -$5,115,054.68, significantly better than -$408,268,168.51 previously[28] - Cash flow from financing activities resulted in a net outflow of -$30,237,838.30, contrasting with a net inflow of $95,572,844.98 last period[28] - The ending balance of cash and cash equivalents was $572,798,926.22, up from $240,352,868.10 in the previous period[28] Assets and Liabilities - Total assets decreased by 2.55% to ¥1,165,835,469.02 from ¥1,196,364,228.98 at the end of the previous year[4] - The total liabilities decreased from CNY 173,021,879.23 to CNY 155,992,323.09, a reduction of about 9.8%[22] - The total equity attributable to shareholders decreased from CNY 1,032,132,218.61 to CNY 1,018,887,406.39, a decline of approximately 1.3%[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 29,892[12] - The largest shareholder, Shaoguan City Urban Investment Development Group Co., Ltd., holds 24.89% of shares, totaling 49,875,000 shares[12] - The total number of shares held by the top ten unrestricted shareholders includes 49,875,000 shares from the largest shareholder[12] - The company has not disclosed any related party relationships among the top ten shareholders[12] Operational Performance - The company reported a significant increase in accounts receivable, which rose by 73.07% to ¥11,949,419.84 compared to ¥6,904,580.58 at the end of the previous year[9] - Prepayments increased by 146.33% to ¥3,801,875.16, reflecting higher material payments compared to the previous year[9] - The company experienced a 49.95% increase in accounts payable, which reached ¥68,024,066.69, indicating higher material costs[9] - The company reported a significant increase in sales expenses, which rose to CNY 19,843,792.25 from CNY 15,456,074.61, an increase of about 28.5%[23] - The company experienced an investment loss of CNY -1,371,034.59, compared to a loss of CNY -22,639.08 in the previous period, indicating a deterioration in investment performance[23] Tax and Refunds - The company reported a 57.06% decrease in tax refunds received, totaling ¥11,145,176.45, compared to ¥25,952,353.85 in the same period last year[10] - Cash received from tax refunds was $11,145,176.45, down 57.0% from $25,952,353.85 last period[27]