Financial Performance - Operating revenue for Q1 2025 was CNY 115,130,652.36, a decrease of 13.94% year-on-year[9] - Net profit attributable to shareholders dropped by 98.48% to CNY 144,981.44, significantly impacted by reduced sales revenue[9] - Total operating revenue for Q1 2025 was ¥5,649,580.06, a decrease of 17.1% compared to ¥6,811,160.67 in Q1 2024[42] - Net profit for Q1 2025 was ¥785,259.70, down 59.1% from ¥1,924,805.99 in Q1 2024[42] - Operating profit for Q1 2025 was ¥1,197,654.78, a decline of 55.5% from ¥2,686,972.51 in Q1 2024[42] - Gross profit margin for Q1 2025 was approximately -1.08%, compared to a positive margin in Q1 2024, reflecting a challenging cost environment[39] - The company reported a total comprehensive income of ¥785,259.70 for Q1 2025, down from ¥1,924,805.99 in Q1 2024[43] Cash Flow - Cash flow from operating activities increased by 56.21% to CNY 9,996,925.19, mainly due to improved cash collection from customers[12] - The company reported a net cash flow from operating activities of ¥9,996,925.19 for Q1 2025, compared to ¥6,399,785.51 in Q1 2024, representing an increase of 56.5%[44] - The net cash flow from investment activities was 10,794,323.57 in the current period, compared to -324,222.07 in the previous period, indicating a significant improvement[45] - Cash inflow from financing activities totaled 20,000,000.00, down from 32,000,000.00 in the previous period, reflecting a decrease of approximately 37.5%[45] - The ending balance of cash and cash equivalents was 196,047,323.40, down from 253,946,005.42, representing a decrease of approximately 22.7%[45] - Operating cash flow generated a net amount of 178,160.95, a recovery from a negative cash flow of -730,920.63 in the previous period[47] Assets and Liabilities - Total assets decreased by 2.19% to CNY 452,896,979.34 compared to the end of the previous year[9] - The company reported a total asset value of 452,896,979.34 yuan as of March 31, 2025, compared to 463,031,366.20 yuan on December 31, 2024, indicating a decrease of approximately 2.45%[32] - The company's total liabilities amounted to 121,382,210.86 yuan as of March 31, 2025, down from 131,661,579.16 yuan at the end of 2024, reflecting a reduction of about 7.5%[33] - The company’s total equity was reported at 331,514,768.48 yuan as of March 31, 2025, slightly up from 331,369,787.04 yuan at the end of 2024[33] - The company has pledged assets totaling 15,316,422.26 yuan, which constitutes 3.38% of total assets, including cash deposits and fixed assets[28] Shareholder Information - The total number of unrestricted shares at the end of the period is 43,997,295, representing 63.20% of total shares[16] - The total number of restricted shares is 25,615,749, accounting for 36.80% of total shares[17] - The largest shareholder, Huang Huachao, holds 21,500,000 shares, which is 30.89% of total shares[18] - The second-largest shareholder, Cai Xiuying, owns 10,154,331 shares, representing 14.59% of total shares[18] - The total number of shareholders holding more than 5% of shares is 10, with a combined ownership of 54,590,054 shares, or 78.43%[19] - The company has no pledges or judicial freezes on shares held by shareholders with more than 5% ownership[20] Expenses - Sales expenses surged by 205.32% to CNY 18,146,401.35, driven by new business expansion and increased marketing costs[11] - Research and development expenses for Q1 2025 were CNY 3,074,674.30, compared to CNY 3,617,811.49 in Q1 2024, indicating a decrease of about 15%[39] - The company's operating expenses for Q1 2025 were ¥4,149,531.80, slightly reduced from ¥4,216,582.01 in Q1 2024[42] Borrowings - Long-term borrowings increased by 302.03% to CNY 23,780,000.00, primarily due to new bank loans[11] - The company’s short-term borrowings were reported at 18,021,809.45 yuan as of March 31, 2025, slightly down from 18,515,634.86 yuan at the end of 2024[32] Other Information - The company has received guarantees from its controlling shareholder, Huang Huachao, amounting to $20 million and $10 million for financing[24] - There are no significant legal disputes or external guarantees reported during the period[22] - The company has no overdue commitments and all commitments are being fulfilled as per the disclosed terms[26] - The company incurred a credit impairment loss of ¥-29.49 in Q1 2025, compared to ¥-1,034.46 in Q1 2024[42] - The fair value change income for Q1 2025 was ¥75,000.00, consistent with Q1 2024[42] - The impact of exchange rate changes on cash and cash equivalents was a positive 725,023.30, contributing to the overall cash position[45]
美之高(834765) - 2025 Q1 - 季度财报