BEETECH(300667)2025-04-27 07:40Financial Performance - The company's revenue for Q1 2025 was ¥113,904,072.39, a decrease of 27.49% compared to ¥157,094,481.31 in the same period last year[5] - The net loss attributable to shareholders was ¥14,694,388.29, representing a 315.04% increase in loss from ¥3,540,436.54 in the previous year[5] - The basic earnings per share were -¥0.07, a decrease of 250.00% from -¥0.02 in the same quarter last year[5] - Net profit for the period was ¥-14,770,014.17, compared to ¥-4,284,950.60 in the previous period, indicating a significant increase in losses[24] - The company's financial report indicates a stable position with no significant changes in the number of shares held by major shareholders[12] Cash Flow - The net cash flow from operating activities was -¥55,124,833.25, a decline of 138.86% compared to -¥23,078,679.29 in Q1 2024[5] - The company's cash flow from operating activities showed a significant change, reflecting ongoing challenges in revenue generation[26] - Operating cash inflow totaled $160,693,103.35, down 19% from $198,088,034.25 in the previous period[28] - Operating cash outflow amounted to $215,817,936.60, slightly decreased from $221,166,713.54 year-over-year[28] - Cash flow from investment activities showed a net outflow of -$22,134,909.00, similar to -$22,176,437.67 previously[28] - Cash flow from financing activities resulted in a net outflow of -$1,399,752.44, compared to -$7,116,387.58 last year[28] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,427,961,302.44, down 2.93% from ¥1,471,105,765.69 at the end of the previous year[5] - Total liabilities decreased to ¥296,563,312.11 from ¥325,832,026.27, a reduction of about 8.9% year-over-year[21] - The total equity attributable to shareholders decreased to ¥1,123,148,801.87 from ¥1,136,983,639.54, a decline of about 1.2%[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,816, with the largest shareholder holding 13.77% of the shares[11] - The total number of shares held by the top 10 unrestricted shareholders includes 16,192,557 shares held by Chen Fashu, 7,589,709 shares by Wu Caiyin, and 7,042,562 shares by Dai Xiaoning[12] - The top shareholder, Chen Fashu, holds 16,192,557 shares, representing approximately 1.05% of the total shares[12] - The total number of restricted shares at the end of the period is 32,005,565, with 17,888 new restricted shares added during the period[15] Operational Costs and Expenses - Total operating revenue decreased to ¥113,904,072.39 from ¥157,094,481.31, representing a decline of approximately 27.5% year-over-year[23] - Total operating costs decreased to ¥129,577,191.72 from ¥163,425,759.17, a reduction of about 20.7% year-over-year[23] - Research and development expenses were ¥17,204,417.45, down from ¥19,924,460.71, a decrease of approximately 13.6% year-over-year[24] - The company is focusing on cost reduction strategies to improve profitability amid declining revenues[24] Other Financial Activities - The company received government subsidies amounting to ¥1,092,130.70 during the reporting period[7] - The company reported a significant increase in prepayments by 41.97% to ¥34,685,917.37 due to increased procurement payments[9] - The company’s other non-current assets increased by 178.79% to ¥32,910,289.68, primarily due to payments for purchasing factory buildings[9] - The company reported a decrease in cash and cash equivalents from CNY 386,169,653.56 at the beginning of the period to CNY 311,239,525.75 at the end of the period[19] - Accounts receivable decreased from CNY 174,419,680.39 to CNY 155,319,764.40, indicating a reduction of approximately 11%[19] - Cash received from the disposal of fixed assets was $148,000.00, significantly lower than $6,869,019.71 in the last period[28] - Cash paid for purchasing fixed assets was $22,282,909.00, up from $3,245,457.38 year-over-year[28] - Cash received from tax refunds was $313,072.54, down from $456,057.30 in the previous period[28] - Cash paid for taxes was $5,978,955.73, a decrease from $15,087,150.06 in the prior period[28]