Koal(SH:603232)2025-04-25 09:40Financial Performance - The company's operating revenue for Q1 2025 was ¥45,667,617.89, a decrease of 5.92% compared to ¥48,542,795.61 in the same period last year[4] - The net profit attributable to shareholders was -¥50,203,898.23, slightly improved from -¥51,501,037.28 year-on-year[4] - The net profit for the first quarter of 2025 was -50,244,511.53, compared to -51,722,421.41 in the same period of 2024, indicating a slight improvement[21] - Operating profit for the first quarter was -49,553,283.57, a marginal decrease from -51,948,402.13 year-over-year[21] - Total comprehensive income for the first quarter was -51,570,883.29, compared to -50,643,034.63 in the previous year[22] Cash Flow and Liquidity - The net cash flow from operating activities was -¥67,577,569.79, compared to -¥74,645,533.27 in the previous year[4] - Cash flow from operating activities showed a net outflow of -67,577,569.79, an improvement from -74,645,533.27 in Q1 2024[24] - Cash flow from investing activities resulted in a net outflow of -76,217,377.15, contrasting with a net inflow of 24,233,969.06 in the same quarter last year[24] - The company's cash and cash equivalents amounted to CNY 84,544,497.08 as of March 31, 2025, compared to CNY 239,796,436.40 at the end of the previous period[15] - The company reported cash and cash equivalents at the end of the period amounting to 81,854,481.41, down from 151,475,153.30 a year earlier[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,602,736,533.35, down 4.02% from ¥1,669,821,101.50 at the end of the previous year[5] - Total assets decreased to CNY 1,602,736,533.35 from CNY 1,669,821,101.50[17] - Total liabilities decreased to CNY 233,728,429.60 from CNY 250,488,989.46[17] - Shareholders' equity totaled CNY 1,369,008,103.75, a slight decrease from CNY 1,419,332,112.04[17] - The company reported a decrease in accounts receivable to CNY 319,609,375.71 from CNY 334,847,078.86[15] Investments and Expenses - Cash and cash equivalents decreased by 64.74%, primarily due to new investments in financial products[7] - Inventory increased by 30.91%, attributed to unfinished project deliveries[7] - Other equity investments rose by 90.22%, reflecting new external investments made during the period[7] - Research and development expenses decreased to 17,214,498.78 from 23,237,716.11 year-over-year, reflecting a 26% reduction[21] - Sales expenses for the first quarter were 14,121,468.95, down from 17,368,361.78, indicating a 19% decrease[21] - The company incurred financial expenses of 403,117.83, compared to a financial income of -115,993.76 in the previous year[21] Shareholder Information - The company reported a total of 10 major shareholders, with the largest being Kong Lingang, holding 12.74% of shares[10] - The company has no significant changes in major shareholders or their shareholding structure[11] - The company has not engaged in any financing or securities lending activities during the reporting period[11] Other Information - The company recognized government subsidies of ¥422,027.66, which are closely related to its normal operations[6] - There are no significant new strategies or product developments mentioned in the report[12] - The weighted average return on equity was -3.60%, an improvement from -3.74% year-on-year[5]