XYGF(SZ:300159)2025-04-27 07:41Financial Performance - The company's operating revenue for Q1 2025 was ¥32,471,409.08, representing a 3.93% increase compared to ¥31,243,770.64 in the same period last year[4] - The net loss attributable to shareholders decreased to ¥47,789,063.78, a 26.97% improvement from a loss of ¥65,433,846.01 in the previous year[4] - The net loss for the current period was ¥50,161,373.25, compared to a net loss of ¥68,996,171.49 in the previous period, showing an improvement of approximately 27.3%[25] - The operating profit (loss) for the current period was reported at -¥49,931,753.89, an improvement from -¥67,117,149.14 in the previous period[24] - The basic and diluted earnings per share for the current period were both -¥0.0318, compared to -¥0.0437 in the previous period, indicating an improvement in loss per share[25] Cash Flow - The net cash flow from operating activities was negative at ¥29,117,681.79, a significant decline of 336.72% compared to a positive cash flow of ¥12,300,627.13 in the same period last year[4] - Cash flow from operating activities was not reported for the current period, while it was ¥63,388,928.13 in the previous period[27] - Total cash inflow from operating activities was 91,850,504.68, while cash outflow was 120,968,186.47, resulting in a net cash flow of -29,117,681.79[28] - Cash inflow from investment activities was 2,230,000.00, with cash outflow of 4,316,287.03, leading to a net cash flow of -2,086,287.03[28] - Cash inflow from financing activities was 300,000.00, while cash outflow totaled 8,131,014.05, resulting in a net cash flow of -7,831,014.05[29] - The total cash and cash equivalents at the end of the period was 419,775,838.85, down from 458,811,625.76 at the beginning of the period[29] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,456,217,783.44, a decrease of 1.85% from ¥2,502,458,177.84 at the end of the previous year[4] - The company's total liabilities decreased from CNY 1,153,633,349.14 to CNY 1,133,392,907.22, a decline of about 1.75%[19] - The total liabilities amounted to ¥2,808,747,041.69, slightly up from ¥2,804,404,276.00, indicating a growth of about 0.15%[21] - The total equity attributable to shareholders decreased by 17.78% to ¥-319,432,959.92 from ¥-271,222,109.30[5] - The company reported a negative equity of CNY -27,122.21 million, triggering a delisting risk warning from the Shenzhen Stock Exchange[17] Research and Development - Research and development expenses increased by 46.10% to ¥6,500,803.31, driven by new research projects in the agricultural machinery sector[10] - Research and development expenses increased to ¥6,500,803.31 from ¥4,449,661.64, reflecting a growth of approximately 46%[24] Inventory and Receivables - The company's inventory rose by 30.27% to ¥290,533,891.78, primarily due to increased stock in the agricultural machinery segment in preparation for sales in the second half of the year[10] - The company’s accounts receivable decreased from CNY 264,316,320.87 to CNY 261,096,081.56, a decrease of about 1.3%[20] - Inventory increased significantly from CNY 223,031,590.47 to CNY 290,533,891.78, representing an increase of approximately 30.2%[19] Other Income and Expenses - The company reported a significant increase in other income, which rose by 63.12% to ¥3,361,604.81, attributed to higher government subsidies received[10] - The company experienced a 78.75% increase in credit impairment losses, amounting to ¥16,847,319.76, mainly due to the reversal of bad debts on overdue receivables[10] - The company reported a significant increase in credit impairment losses to ¥16,847,319.76 from ¥9,424,918.91, marking an increase of approximately 78.5%[24]