米奥会展(300795) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was ¥17,267,258.04, representing a decrease of 77.32% compared to ¥76,130,906.60 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥36,791,299.72, a decline of 864.17% from a profit of ¥4,814,524.68 in the previous year[5] - The total operating revenue for the current period is CNY 17,267,258.04, a significant decrease from CNY 76,130,906.60 in the previous period, representing a decline of approximately 77.3%[19] - The net profit for the current period is a loss of CNY 37,676,061.80, compared to a net profit of CNY 3,230,440.85 in the previous period, marking a substantial decline[20] - The weighted average return on net assets was -6.09%, down from 0.73% in the previous year, indicating a significant decline in profitability[5] - The basic and diluted earnings per share for the current period are both CNY -0.16, compared to CNY 0.02 in the previous period, reflecting a significant decline[21] Cash Flow and Liquidity - The cash flow from operating activities showed a net outflow of ¥12,674,236.52, down 164.57% from a positive cash flow of ¥19,628,186.23 in the prior year[10] - The company's cash and cash equivalents at the end of the reporting period amount to ¥595,283,351.97, down from ¥642,655,781.12 at the beginning of the period[16] - The total cash and cash equivalents at the end of the period decreased to $587.21 million from $615.03 million, showing a reduction in liquidity[23] - Operating cash flow net amount decreased to -$12.67 million from $19.63 million in the previous period, indicating a significant decline in cash generation from operations[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥852,401,185.27, an increase of 2.57% from ¥831,081,657.84 at the end of the previous year[5] - The total liabilities have risen to CNY 245,708,662.54, compared to CNY 188,078,037.26 in the previous period, which is an increase of about 30.6%[18] - The total current assets are reported at ¥714,044,978.23, slightly up from ¥709,093,513.32 at the beginning of the period[16] - The total non-current assets have increased to CNY 138,356,207.04 from CNY 121,988,144.52, showing a growth of approximately 13.4%[18] Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders is 13,170, with the top two shareholders holding 22.95% and 22.83% respectively[12] - The top shareholder, Fang Huansheng, holds 52,949,366 shares, with 39,712,024 shares under pledge[12] - The top four shareholders collectively hold over 59% of the company's shares, indicating a concentrated ownership structure[12] - The company has a share repurchase account holding 3,500,011 shares, representing 1.52% of total shares, ranked 6th among the top shareholders[14] Investment and Expenses - Research and development expenses increased by 37.08% to ¥4,349,430.28, reflecting the company's commitment to enhancing its R&D efforts[10] - The company reported a significant increase in investment income of 2416.43%, amounting to ¥3,121,407.86, due to gains from the disposal of financial assets[10] - The company's long-term equity investments increased to ¥20,425,289.21 from ¥10,564,032.36[16] - Cash received from sales of goods and services was $120.44 million, down from $151.26 million, indicating a decline in revenue generation[22] - Payments to employees rose to $53.04 million from $48.04 million, reflecting increased labor costs[22] Operational Insights - The company did not hold any self-organized exhibitions in Q1 2025, which contributed to the decline in revenue compared to Q1 2024 when two exhibitions were held[10] - The company's overseas exhibition business is influenced by seasonal factors, primarily concentrated in May-June, September, November, and December, which does not significantly impact its ongoing operational capability[11] - The company is gradually returning to the seasonal cycle of the exhibition industry as the global exhibition market normalizes[11] - The company does not have any preferred shareholders or significant changes in restricted shares during the reporting period[15] Tax and Other Financial Metrics - The deferred income tax assets have increased to CNY 7,623,674.72 from CNY 2,250,940.89, indicating a growth of approximately 238.5%[18] - The total operating costs for the current period amount to CNY 60,299,519.06, down from CNY 76,454,327.43 in the previous period, indicating a decrease of about 21.2%[19] - The impact of exchange rate fluctuations on cash and cash equivalents was a decrease of $152.52 thousand, indicating some currency risk exposure[23]