Palm(002431)2025-04-25 17:20Financial Performance - The company's operating revenue for Q1 2025 was ¥747,671,014.86, a decrease of 20.46% compared to ¥940,003,740.74 in the same period last year[4] - The net profit attributable to shareholders was -¥161,761,392.19, representing a decline of 57.40% from -¥102,773,328.45 year-on-year[4] - The weighted average return on equity was -10.25%, a decrease of 7.07% compared to -3.18% in the same period last year[4] - The company reported a net loss of ¥164,286,618.97, compared to a net loss of ¥103,427,032.89 in the previous period, representing a year-over-year increase in losses of approximately 58.8%[20] - The total comprehensive loss amounted to ¥163,853,716.13, compared to a loss of ¥103,397,014.54 in the previous period, reflecting an increase of around 58.5%[21] - Basic and diluted earnings per share were both reported at -¥0.09, compared to -¥0.06 in the previous period, indicating a worsening in per-share performance[21] Cash Flow - The net cash flow from operating activities decreased by 33.77% to ¥61,375,378.83, down from ¥92,675,508.69 in the previous year[10] - The net cash flow from operating activities was ¥61,375,378.83, down from ¥92,675,508.69 in the previous period, a decrease of approximately 33.7%[22] - The company’s cash and cash equivalents at the end of the period stood at ¥476,611,903.74, up from ¥215,175,758.61 in the previous period, representing an increase of about 121%[22] - The company raised ¥280,000,000.00 in borrowings during the period, a decrease from ¥721,500,000.00 in the previous period, indicating a reduction of approximately 61.1%[22] - The company’s total cash inflow from financing activities was ¥1,406,764,931.65, down from ¥2,271,668,750.00 in the previous period, reflecting a decline of about 38.1%[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥18,233,987,961.60, a slight increase of 0.04% from ¥18,226,475,160.46 at the end of the previous year[4] - The total liabilities increased to CNY 16,551,293,267.76 from CNY 16,380,572,251.11, marking an increase of approximately 1.04%[18] - The company's equity attributable to shareholders decreased by 9.73% to ¥1,497,091,242.50 from ¥1,658,419,731.85 at the end of the previous year[4] - The equity attributable to the parent company decreased to CNY 1,497,091,242.50 from CNY 1,658,419,731.85, reflecting a decline of about 9.7%[18] Impairment and Expenses - The company reported an asset impairment loss of -¥10,710,016.07, which increased by 100% year-on-year, primarily due to provisions for impairment of engineering contract assets[9] - The company experienced a 68.14% increase in credit impairment losses, totaling -¥45,976,863.83, mainly due to increased provisions for bad debts on accounts receivable[9] - Research and development expenses for the current period were CNY 22,009,772.75, down from CNY 30,027,180.99, a decrease of approximately 26.7%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 64,807, with the largest shareholder holding 29.82% of the shares[12] - The company has a total of 24,126,600 shares repurchased, accounting for 1.33% of the total share capital[15]