华星创业(300025) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was ¥134,676,360.99, a decrease of 15.33% compared to ¥159,062,456.41 in the same period last year[5] - The net loss attributable to shareholders was ¥14,575,701.12, which is an increase of 11.67% from a loss of ¥13,052,268.66 in the previous year[5] - Net profit for the period was a loss of ¥15.10 million, compared to a loss of ¥13.52 million in the previous period, representing an increase in loss of approximately 11.7%[19] - Total operating revenue decreased to ¥134.68 million from ¥159.06 million, a decline of approximately 15.3% year-over-year[18] - Total operating costs decreased to ¥153.44 million from ¥174.58 million, a decline of approximately 12.1% year-over-year[18] Cash Flow - The net cash flow from operating activities improved by 47.71%, reaching -¥29,873,009.22, compared to -¥57,133,931.56 in the same period last year[5] - Operating cash flow net amount was a negative ¥29.87 million, an improvement from a negative ¥57.13 million in the previous period[21] - The company experienced a net cash decrease of ¥16.98 million during the period, compared to a decrease of ¥47.90 million in the previous period[22] - The company received cash inflow from financing activities of ¥39.60 million, compared to ¥10.00 million in the previous period[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥943,053,327.01, a decrease of 2.80% from ¥970,217,287.74 at the end of the previous year[5] - The total current assets decreased from CNY 645,359,759.74 to CNY 625,999,715.95, a decline of approximately 2.1%[16] - Total liabilities decreased from CNY 387,838,106.35 to CNY 375,669,817.56, a decline of about 3.0%[17] - The total equity attributable to shareholders decreased from CNY 580,420,376.05 to CNY 565,844,674.93, a decrease of approximately 2.4%[17] - The company's total non-current assets decreased from CNY 324,857,528.00 to CNY 317,053,611.06, a reduction of approximately 2.4%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 23,804[11] - The company's basic and diluted earnings per share was -¥0.0286, compared to -¥0.0257 in the previous period[19] Expenses - Research and development expenses increased to ¥9.48 million from ¥7.52 million, an increase of approximately 26% year-over-year[18] - Sales expenses increased to ¥4.09 million from ¥3.83 million, an increase of approximately 6.8% year-over-year[18] Other Financial Metrics - The weighted average return on equity was -2.54%, a decline of 0.58% from -1.96% in the previous year[5] - The company reported a 300.81% increase in credit impairment losses, primarily due to increased project settlement receipts[9] - The company experienced a 66.84% increase in net cash flow from financing activities, attributed to new bank loans[9] - The company's receivables financing decreased by 73.53% compared to the beginning of the period, mainly due to the maturity of certain notes[12] - The company reported a significant increase of 1106.10% in other operating income, primarily due to compensation received during the period[12] - Accounts receivable decreased from CNY 444,850,443.20 to CNY 433,451,145.15, a reduction of about 2.5%[16] - Inventory increased from CNY 48,498,255.92 to CNY 58,067,816.70, an increase of approximately 19.5%[16] - Short-term borrowings increased from CNY 175,187,362.54 to CNY 194,697,938.96, an increase of approximately 11.5%[17] - The company's total liabilities to equity ratio improved from 0.67 to 0.66, indicating a slight strengthening of the capital structure[17]