B-Ray Media(SH:600880)2025-04-25 10:55Financial Performance - The company's operating revenue for Q1 2025 was CNY 173,549,571.17, representing an increase of 84.04% compared to CNY 94,298,452.99 in the same period last year[4] - The total revenue for the period was CNY 183,676,020.85, up 79.06% from CNY 102,578,621.43 year-on-year[5] - Net profit for Q1 2025 was ¥6,424,306.61, down 53.3% from ¥13,788,113.65 in Q1 2024[20] - Operating profit for Q1 2025 was ¥11,467,328.56, a decrease of 39.2% from ¥18,849,290.09 in Q1 2024[20] - The total comprehensive income for Q1 2025 was ¥6,424,306.61, compared to ¥13,788,113.65 in Q1 2024[21] Profitability - The net profit attributable to shareholders decreased by 40.93% to CNY 5,922,385.79 from CNY 10,026,149.56 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 97.93% to CNY 192,966.99 from CNY 9,308,202.00 in the previous year[4] - The total profit for the period decreased by 39.74% to CNY 11,462,574.52 from CNY 19,021,113.09 in the same period last year[5] - The significant decrease in net profit was primarily due to reduced income from the subsidiary Man You Gu and lower gross profit contribution from software projects compared to the previous year[8] Cash Flow - The net cash flow from operating activities was negative at CNY -90,268,497.97, a decline of 345.06% compared to CNY 36,835,015.64 in the previous year[4] - Cash received from sales of goods and services in Q1 2025 was ¥177,237,608.90, an increase of 71.8% compared to ¥103,151,708.33 in Q1 2024[23] - The company reported a total cash inflow of $194.44 million from operating activities, down from $214.97 million previously[24] - The company paid $25.27 million in taxes, an increase from $20.58 million in the prior period[24] Assets and Liabilities - The company's total assets at the end of the period were CNY 4,092,953,351.26, a slight decrease of 0.50% from CNY 4,113,379,378.10 at the end of the previous year[5] - Total current assets as of March 31, 2025, amount to ¥1,207,622,714.12, a decrease from ¥1,233,442,346.88 on December 31, 2024[14] - Total liabilities decreased to ¥812,504,650.45 from ¥852,135,437.64, indicating a reduction of about 4.7%[15] - The company's retained earnings increased to ¥719,810,791.66 from ¥713,888,405.87[16] Shareholder Information - The largest shareholder, Chengdu Borui Investment Holding Group, holds 255,519,676 shares, representing 23.37% of the total shares[11] - Chengdu Media Group, the second-largest shareholder, owns 133,612,937 shares, accounting for 12.22%[11] Research and Development - Research and development expenses for Q1 2025 were ¥7,038,774.25, down 39.5% from ¥11,643,097.47 in Q1 2024[20] - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[12] Investment Activities - Total cash inflow from investment activities reached $69.91 million, a substantial increase from $2.09 million in the prior period[24] - Cash outflow from investment activities was $0.39 million, down from $9.67 million, resulting in a net cash flow from investment activities of $69.52 million, compared to a negative $7.58 million previously[24] - Cash inflow from financing activities totaled $54.65 million, up from $26.90 million in the previous period[25]