Bingo Software (SH:688227)2025-04-27 08:25Financial Performance - The company's operating revenue for Q1 2025 was ¥87,140,771.01, representing a 49.69% increase compared to ¥58,212,450.09 in the same period last year[4]. - Total operating revenue for Q1 2025 reached ¥87,140,771.01, a significant increase of 49.7% compared to ¥58,212,450.09 in Q1 2024[16]. - Total operating costs for Q1 2025 were ¥114,779,791.56, up 29.2% from ¥88,835,729.32 in Q1 2024[17]. - Net loss for Q1 2025 was ¥17,058,158.77, an improvement from a net loss of ¥24,407,931.73 in Q1 2024, reflecting a reduction of 30.3%[18]. - The net profit attributable to shareholders was -¥15,557,183.12, an improvement from -¥20,490,160.27 year-on-year[4]. - The weighted average return on net assets was -1.18%, an improvement from -1.47% year-on-year[4]. - The company reported a basic and diluted earnings per share of -¥0.14 for Q1 2025, an improvement from -¥0.18 in Q1 2024[18]. Cash Flow - The net cash flow from operating activities was -¥14,904,423.89, a significant improvement from -¥70,086,252.71 in the previous year[4]. - Cash inflow from operating activities in Q1 2025 was ¥132,117,227.25, compared to ¥93,274,536.47 in Q1 2024, indicating a growth of 41.6%[19]. - Net cash flow from operating activities was -$14.9 million, compared to -$70.1 million in the previous period, showing an improvement[20]. - Total cash outflow from operating activities amounted to $147.0 million, down from $163.4 million year-over-year[20]. - Cash inflow from investment activities was $30.2 million, significantly lower than $146.1 million in the prior period[20]. - Net cash flow from investment activities was -$130.2 million, compared to -$141.6 million previously, indicating a slight reduction in losses[20]. - Cash inflow from financing activities totaled $56.1 million, compared to $84.6 million in the previous year[20]. - Net cash flow from financing activities was $15.9 million, down from $48.1 million year-over-year[20]. - The ending cash and cash equivalents balance was $104.4 million, a decrease from $191.9 million in the prior period[20]. - Cash paid to employees was $67.0 million, compared to $81.6 million previously, reflecting a reduction in payroll expenses[20]. - Cash paid for taxes increased to $7.1 million from $4.4 million, indicating higher tax obligations[20]. - Cash paid for other operating activities was $19.4 million, down from $26.6 million, showing a decrease in operational expenditures[20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,001,326,542.59, a 0.76% increase from ¥1,986,316,992.79 at the end of the previous year[5]. - The company's current assets decreased to RMB 1,208,467,364.95 from RMB 1,237,670,067.04, representing a decline of about 2.0%[12]. - The company's total liabilities increased to RMB 623,544,290.67 from RMB 615,523,850.85, indicating a rise of approximately 1.6%[13]. - The company's total liabilities increased to ¥689,780,374.12 in the latest reporting period, up from ¥677,712,665.55[14]. - The total equity attributable to shareholders decreased to ¥1,312,051,482.26 from ¥1,327,608,665.38, a decline of 1.2%[14]. - The non-current assets totaled RMB 792,859,177.64, up from RMB 748,646,925.75, marking an increase of about 5.9%[13]. - The company's inventory remained relatively stable, increasing slightly from RMB 310,762,424.04 to RMB 315,764,944.98, a growth of about 1.6%[12]. - The accounts receivable increased slightly from RMB 619,363,822.65 to RMB 628,796,391.67, showing a growth of about 1.4%[12]. - The company reported a significant increase in trading financial assets, rising from RMB 30,069,666.67 to RMB 100,219,916.67, which is an increase of approximately 233.5%[12]. Research and Development - Research and development expenses totaled ¥12,867,253.42, accounting for 14.77% of operating revenue, down from 29.07% in the previous year[4]. - Research and development expenses for Q1 2025 were ¥12,867,253.42, down 24% from ¥16,920,865.51 in Q1 2024[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,036[9]. - The largest shareholder, Beijing Shanggao Enterprise Management Co., Ltd., holds 41.77% of the shares[9]. - The company has not disclosed any significant changes in shareholder relationships or actions among the top ten shareholders[11]. Government Support - The company received government subsidies amounting to ¥263,500.98, which are closely related to its normal business operations[6]. Operational Status - There are no applicable reminders regarding the company's operational status during the reporting period[11]. - The company completed multiple large-scale government project acceptances, contributing to the increase in cloud computing business revenue[7].