CRCH(SH:600636)2025-04-25 10:15Financial Performance - The company's operating revenue for Q1 2025 was ¥36,709,781.33, representing a 74.47% increase compared to ¥21,040,751.91 in the same period last year[4] - The net profit attributable to shareholders was -¥8,264,664.28, an improvement from -¥23,016,706.96 year-on-year[4] - The basic and diluted earnings per share were both -¥0.0188, compared to -¥0.0525 in the same period last year[4] - The net loss for Q1 2025 was ¥8,264,664.28, an improvement from a net loss of ¥23,016,706.96 in Q1 2024, reflecting a reduction in losses by approximately 64.0%[18] - The total comprehensive income attributable to the parent company for Q1 2025 was -8,264,664.28 RMB, compared to -23,016,706.96 RMB in Q1 2024, indicating an improvement[19] Cash Flow - The net cash flow from operating activities was -¥63,433,972.06, worsening from -¥42,400,660.78 in the previous year[4] - The cash flow from operating activities showed improvement, with a notable increase in other income to ¥8,474,629.71 from ¥5,539,396.06 year-over-year[18] - Cash inflow from operating activities totaled 46,078,983.90 RMB in Q1 2025, down 9.4% from 50,907,539.73 RMB in Q1 2024[20] - The cash outflow from operating activities increased to 109,512,955.96 RMB in Q1 2025, compared to 93,308,200.51 RMB in Q1 2024[21] - The cash flow from operating activities for Q1 2025 was negative at CNY -11,878,490.87, an improvement from CNY -13,484,769.02 in Q1 2024[28] - The total cash inflow from operating activities in Q1 2025 was CNY 3,592,115.62, a decrease from CNY 5,640,574.56 in Q1 2024[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,158,474,358.50, a decrease of 2.74% from ¥2,219,386,559.68 at the end of the previous year[5] - The total assets decreased from ¥2,219,386,559.68 in the previous period to ¥2,158,474,358.50, a decline of approximately 2.7%[13] - Current liabilities decreased from ¥157,299,996.73 to ¥105,284,515.47, a reduction of about 33.1%[13] - The total liabilities decreased to 38,841,068.26 RMB as of March 31, 2025, from 43,507,513.54 RMB at the end of 2024[24] Shareholder Equity - The equity attributable to shareholders was ¥2,038,234,857.58, down 0.40% from ¥2,046,499,521.86 at the end of the previous year[5] - The total equity attributable to shareholders decreased from ¥2,046,499,521.86 to ¥2,038,234,857.58, a slight decline of approximately 0.4%[14] - The total equity increased to 2,144,848,473.21 RMB as of March 31, 2025, compared to 2,088,481,593.04 RMB at the end of 2024[25] Expenses - Total operating costs for Q1 2025 were ¥57,325,514.28, compared to ¥54,806,431.17 in Q1 2024, indicating an increase of about 2.8%[17] - Research and development expenses for Q1 2025 amounted to ¥18,034,195.61, slightly down from ¥19,180,931.65 in Q1 2024, a decrease of about 6.0%[18] - The company reported a decrease in sales expenses to CNY 2,778,808.02 in Q1 2025 from CNY 3,113,950.76 in Q1 2024[26] - The financial expenses for Q1 2025 were CNY -561,046.12, compared to CNY -196,205.21 in Q1 2024, indicating an increase in financial costs[26] Government Support and Investments - The company received government subsidies amounting to ¥81,000, which were closely related to its normal business operations[6] - The company received 280,000,000.00 RMB from investment activities in Q1 2025, down from 320,000,000.00 RMB in Q1 2024[21] - The company received CNY 280,000,000.00 from investment activities in Q1 2025, down from CNY 320,000,000.00 in Q1 2024[29] Market and Strategic Initiatives - The increase in revenue was primarily driven by the growing market demand for AI products, with some projects completed in Q1 2025 contributing to the results[7] - The company continues to focus on market expansion and new product development as part of its strategic initiatives moving forward[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 39,655[8]