Freelynet(SH:603602)2025-04-27 08:10Financial Performance - The company's operating revenue for Q1 2025 was CNY 345,422,421.48, a decrease of 15.57% compared to CNY 409,133,581.21 in the same period last year[4]. - Net profit attributable to shareholders was CNY 3,419,961.33, a significant improvement from a loss of CNY 1,223,409.04 in the previous year[4]. - Basic and diluted earnings per share were both CNY 0.02, compared to -CNY 0.01 in the previous year, reflecting improved profitability[4][7]. - The weighted average return on equity increased by 0.49 percentage points to 0.33% due to enhanced profitability during the reporting period[4][7]. - Total operating revenue for Q1 2025 was CNY 345,422,421.48, a decrease of 15.6% compared to CNY 409,133,581.21 in Q1 2024[15]. - Net profit for Q1 2025 was CNY 3,933,746.61, a decline of 54.5% from CNY 8,607,185.44 in Q1 2024[16]. - Basic earnings per share for Q1 2025 was CNY 0.02, compared to a loss of CNY -0.01 in Q1 2024[17]. Cash Flow and Investments - The net cash flow from operating activities was -CNY 185,696,786.94, worsening from -CNY 139,595,606.63 in the same period last year, primarily due to increased procurement costs in the digital marketing service business[4][7]. - The company reported a net cash outflow from operating activities of CNY -185,696,786.94 in Q1 2025, compared to CNY -139,595,606.63 in Q1 2024[19]. - The company reported a significant increase in cash received from sales, totaling CNY 1,018,288,975.33 in Q1 2025, compared to CNY 403,759,415.95 in Q1 2024[19]. - The company's investment income for Q1 2025 was a loss of CNY -400,622.55, contrasting with a gain of CNY 2,957,922.58 in Q1 2024[15]. - Net cash inflow from investment activities totaled $16,423,735.99, compared to $4,954,895.34 in the previous period, indicating a significant increase[20]. - The net cash flow from investment activities was -$40,538,829.67, an improvement from -$69,471,601.59 in the prior period[20]. - Cash outflow from investment activities was $56,962,565.66, down from $74,426,496.93, reflecting a reduction in investment spending[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,462,810,908.52, an increase of 5.64% from CNY 2,331,232,251.85 at the end of the previous year[5]. - The company's current assets totaled ¥1,832,559,070.31, compared to ¥1,717,072,810.98 at the end of 2024, reflecting a growth of approximately 6.5%[12]. - Total liabilities increased to CNY 1,403,083,763.13 in Q1 2025 from CNY 1,276,540,242.35 in Q1 2024, reflecting a growth of 9.9%[14]. - The company's total liabilities increased to ¥1,832,559,070.31, compared to ¥1,717,072,810.98 at the end of 2024, reflecting a growth of about 6.5%[12]. - The company has a total of ¥630,251,838.21 in non-current assets, slightly up from ¥614,159,440.87[12]. - Total equity increased to CNY 1,059,727,145.39 in Q1 2025 from CNY 1,054,692,009.50 in Q1 2024, a growth of 0.5%[14]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,965[8]. - The largest shareholder, Su Weifeng, holds 27.17% of the shares, with 30,000,000 shares pledged[9]. Operational Highlights - The company plans to continue expanding its digital marketing services, which contributed to the increase in gross profit[7]. - Research and development expenses for Q1 2025 were CNY 19,632,023.89, slightly up from CNY 18,922,440.36 in Q1 2024[15]. Cash Management - Cash and cash equivalents decreased to ¥156,078,238.06 from ¥315,421,066.88, indicating a decline of about 50.5%[11]. - The company experienced a net decrease in cash and cash equivalents of $55,012,688.71, compared to a larger decrease of $152,354,987.02 in the previous period[20]. - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets was $12,829,164.66, a decrease from $52,413,190.94[20]. - Cash paid for financing activities totaled $88,444,599.74, compared to $72,973,374.70 in the previous period, indicating increased outflows for debt repayment and dividends[20]. - The total cash and cash equivalents at the end of the period were $138,470,158.60, down from $193,482,847.31 at the beginning of the period[20]. - The impact of exchange rate changes on cash and cash equivalents was a decrease of $132,472.36, reflecting currency fluctuations[20].