Zhejiang Meida(002677)2025-04-25 18:45Financial Performance - The company's operating revenue for Q1 2025 was ¥98,363,802.84, a decrease of 63.97% compared to ¥273,006,932.38 in the same period last year[5] - Net profit attributable to shareholders was ¥7,793,785.69, down 89.90% from ¥77,159,535.78 year-on-year[5] - Basic earnings per share decreased by 91.67% to ¥0.01 from ¥0.12 in the previous year[5] - Net profit for the current period is ¥7,669,469.70, a decline of 90.03% from ¥76,923,200.85 in the previous period[19] - Operating profit for the current period is ¥9,077,917.27, a decrease of 90.01% compared to ¥90,460,852.44 in the previous period[19] - Total comprehensive income for the current period is ¥7,312,788.99, a decrease of 90.39% from ¥76,099,927.03 in the previous period[19] Cash Flow and Liquidity - The net cash flow from operating activities was -¥36,014,838.56, a decline of 336.50% compared to ¥15,228,062.72 in Q1 2024[5] - Cash flow from operating activities shows a net outflow of ¥36,014,838.56, compared to a net inflow of ¥15,228,062.72 in the previous period[20] - Cash and cash equivalents at the end of the period are ¥867,369,147.73, down from ¥1,303,596,478.09 at the end of the previous period[21] Assets and Liabilities - Total assets at the end of Q1 2025 were ¥1,809,585,543.36, a decrease of 3.84% from ¥1,881,943,575.19 at the end of 2024[5] - Current assets decreased from CNY 1,000,216,381.09 to CNY 942,282,452.65, a reduction of about 5.79%[15] - Non-current assets decreased from CNY 881,727,194.10 to CNY 867,303,090.71, indicating a decline of approximately 1.64%[16] - Total liabilities decreased from CNY 227,214,660.56 to CNY 147,543,839.74, a significant reduction of about 35.06%[16] - The total current liabilities decreased from CNY 208,364,476.48 to CNY 129,144,615.48, a decrease of about 38.00%[16] Operating Costs and Expenses - The company reported a significant reduction in operating costs, with costs dropping to ¥57,925,141.74, down 60.59% from ¥146,982,888.88[9] - Total operating costs for the current period are ¥89,901,873.49, down 52.0% from ¥187,016,732.70 in the previous period[18] - Research and development expenses decreased by 47.12% to ¥4,859,723.61 from ¥9,190,256.89 in the previous year[9] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 68,156, with the top two shareholders holding a combined 42.19% of the shares[11] Market Challenges - The company faced challenges due to the downturn in the domestic real estate market, impacting overall revenue and profitability[9] Other Financial Metrics - Other comprehensive income after tax for the current period is -¥356,680.71, compared to -¥823,273.82 in the previous period[19] - The company's retained earnings increased from CNY 675,772,174.71 to CNY 683,565,960.40, reflecting an increase of approximately 1.17%[17] - The total equity attributable to the owners of the parent company increased from CNY 1,651,857,147.34 to CNY 1,659,294,252.32, an increase of about 0.90%[17] Audit Status - The company has not undergone an audit for the first quarter report[22]