CREAT(SZ:002350)2025-04-25 10:10Revenue and Profitability - The company's revenue for Q1 2025 reached ¥434,469,553.68, representing a 60.22% increase compared to ¥271,178,586.51 in the same period last year[5] - Net profit attributable to shareholders was ¥10,561,052.51, a significant turnaround from a loss of ¥20,045,966.64 in the previous year, marking a 152.68% improvement[5] - Basic earnings per share improved to ¥0.0205 from a loss of ¥0.0379, reflecting a 154.09% increase[5] - Total operating revenue for the current period reached ¥434,469,553.68, a significant increase from ¥271,178,586.51 in the previous period, representing a growth of approximately 60.3%[24] - Operating profit for the current period was ¥13,916,934.75, compared to a loss of ¥23,336,149.96 in the previous period, indicating a turnaround in profitability[25] - Net profit for the current period was ¥12,247,419.24, recovering from a net loss of ¥20,307,160.29 in the previous period[25] Cash Flow and Financial Position - The net cash flow from operating activities decreased to -¥108,922,794.95, a decline of 177.27% compared to -¥39,284,342.62 in the prior year[5] - The company's cash flow from operating activities was ¥511,888,456.41, up from ¥408,011,925.97 in the previous period, showing a growth of about 25.4%[26] - Total cash inflow from operating activities amounted to $524.37 million, while cash outflow was $633.30 million, resulting in a net cash flow deficit[27] - Cash flow from investment activities showed a net outflow of -$3.07 million, a significant decrease from a positive inflow of $0.18 million previously[27] - Cash flow from financing activities resulted in a net outflow of -$48.91 million, slightly higher than the previous outflow of -$48.59 million[28] - The ending balance of cash and cash equivalents was $162.55 million, down from $174.62 million in the prior period[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,910,452,388.20, a slight increase of 0.69% from ¥2,890,428,636.93 at the end of the previous year[5] - Total liabilities increased to ¥1,187,728,353.46 from ¥1,148,302,482.86, reflecting a rise of approximately 3.5%[23] - As of March 31, 2025, the total current assets amounted to CNY 1,806,554,396.78, an increase from CNY 1,775,649,184.16 at the beginning of the period[21] - Cash and cash equivalents decreased to CNY 191,228,147.84 from CNY 357,357,704.81, representing a decline of approximately 46.5%[21] - Accounts receivable increased to CNY 743,851,347.93 from CNY 651,897,885.97, reflecting a growth of about 14.1%[21] - Inventory rose to CNY 418,117,499.73 from CNY 340,016,599.53, indicating an increase of approximately 22.9%[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 38,415, with no preferred shareholders[15] - The company reported a total of 147,045,953 shares held by its largest shareholder, Beijing Keri Northern Technology Development Co., Ltd[17] - The company has a total of 53,550,068 shares held by China Electric Power Research Institute Co., Ltd, making it the second-largest shareholder[17] - The company has not disclosed any significant changes in the shareholding structure of the top 10 shareholders due to margin trading activities[17] Other Financial Metrics - Financial expenses surged by 4,054.15% to ¥67,800.00, primarily due to a decrease in interest income[12] - The company experienced a 1,133.72% increase in credit impairment losses, amounting to ¥1,389,290.00, attributed to a rise in accounts receivable[12] - Research and development expenses for the current period were ¥14,470,898.80, down from ¥16,578,065.52 in the previous period, indicating a reduction of approximately 12.7%[24] - Deferred income tax assets stood at ¥50,996,226.07, slightly decreasing from ¥51,319,349.15 in the previous period[22] - The total equity attributable to shareholders of the parent company was ¥1,667,841,553.65, down from ¥1,688,930,039.72 in the previous period, reflecting a decrease of about 1.2%[23] Company Changes - The company changed its name from "Beijing Creative Distribution Automation Co., Ltd" to "Beijing Creative Group Co., Ltd" on March 12, 2025[18] - The company has not yet audited its first-quarter report, which may affect the reliability of the financial data presented[29]