GZCBN(SH:600996)2025-04-25 12:00Financial Performance - The company's operating revenue for Q1 2025 was ¥279,080,850.21, a decrease of 22.66% compared to ¥360,840,832.47 in the same period last year[4] - The net profit attributable to shareholders was -¥267,475,929.17, representing a decline of 40.73% from -¥190,062,800.75 year-over-year[4] - Basic earnings per share were -¥0.22, a decrease of 38.35% compared to -¥0.16 in the same period last year[4] - Net loss for Q1 2025 was ¥279,874,780.36, compared to a net loss of ¥203,976,472.41 in Q1 2024, representing a 37.1% increase in losses[21] - Total comprehensive loss for Q1 2025 was ¥279,874,780.36, compared to a loss of ¥203,490,472.41 in Q1 2024[21] Cash Flow - The net cash flow from operating activities decreased by 87.03%, down to ¥11,583,353.75 from ¥89,329,050.02 in the previous year[4] - Cash flow from operating activities for Q1 2025 was ¥11,583,353.75, a significant decrease of 87.0% from ¥89,329,050.02 in Q1 2024[24] - The ending cash and cash equivalents balance for Q1 2025 was ¥10,481,181.75, down from ¥84,891,762.14 in Q1 2024[35] - Cash inflow from financing activities in Q1 2025 was ¥1,782,400,000.00, an increase of 47.0% compared to ¥1,213,000,000.00 in Q1 2024[35] - The net cash flow from financing activities was ¥39,570,491.56 in Q1 2025, compared to a negative cash flow of -¥200,587,576.61 in Q1 2024[35] Assets and Liabilities - Total assets at the end of the reporting period were ¥15,806,791,700.70, a decrease of 1.42% from ¥16,033,749,053.74 at the end of the previous year[4] - The company's total assets as of March 31, 2025, amounted to CNY 14.95 billion, a decrease from CNY 15.17 billion as of December 31, 2024, reflecting a decline of approximately 1.5%[27][29] - The total liabilities decreased to CNY 12,309,007,340.30 from CNY 12,424,427,983.22, representing a reduction of approximately 0.93%[17] - Total current liabilities decreased to CNY 10.06 billion from CNY 10.28 billion, a reduction of about 2.1%[29] Equity - The company's equity attributable to shareholders decreased by 3.32%, from ¥2,986,703,298.73 to ¥2,887,565,439.80[4] - The total equity attributable to shareholders decreased to CNY 2,887,565,439.80 from CNY 2,986,703,298.73, a decline of about 3.31%[17] - The company's total equity decreased to CNY 2.94 billion from CNY 3.03 billion, a decline of about 3.4%[29] Research and Development - Research and development expenses decreased by 75.57%, indicating a reduction in ongoing R&D projects[6] - Research and development expenses were reported at CNY 158,721.88, significantly lower than CNY 49.32 million in the previous year, indicating a strategic shift in investment[30] Tax and Investment - The company reported a significant increase in income tax expenses by 196.04%, attributed to the increased tax provisions by subsidiaries[6] - Investment income dropped by 98.78%, primarily due to the absence of debt restructuring gains that occurred in the same period last year[6] Management Focus - The company’s management indicated a focus on cost control and operational efficiency to improve future performance[20] - The company plans to focus on market expansion and new technology development to improve future performance, although specific figures were not disclosed in the report[31]