海伦钢琴(300329) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was ¥27,758,267.02, a decrease of 39.96% compared to the same period last year[5] - The net profit attributable to shareholders was -¥9,684,815.32, representing a decline of 154.56% year-over-year[5] - Total operating revenue for the current period is ¥27,758,267.02, a decrease of 40.2% from ¥46,230,439.97 in the previous period[17] - Net profit for the current period is -¥10,025,706.23, compared to -¥3,854,100.07 in the previous period, indicating a significant increase in losses[19] - Basic and diluted earnings per share for the current period are both -¥0.0383, compared to -¥0.0150 in the previous period[19] Cash Flow - The net cash flow from operating activities improved by 51.08%, amounting to -¥21,508,829.96, compared to -¥43,966,352.11 in the previous year[5] - Net cash flow from investing activities was -$839,976.40, compared to $958,445.10 in the previous period[21] - Net cash flow from financing activities was $10,303,161.93, compared to $25,302,055.79 in the previous period[21] - Cash and cash equivalents at the end of the period decreased to $27,874,301.21 from $45,530,110.32[21] - The beginning cash and cash equivalents balance was $39,682,458.07, down from $63,469,010.68[21] Expenses and Costs - Sales expenses increased by 57.92% to ¥5,026,382.38, primarily due to heightened e-commerce and promotional costs[9] - Total operating costs for the current period are ¥38,741,598.74, down 25.4% from ¥51,929,349.93 in the previous period[17] - The company reported a decrease in research and development expenses by 32.79% to ¥1,956,585.78, attributed to reduced design and labor costs[9] - Research and development expenses for the current period are ¥1,956,585.78, down 32.7% from ¥2,911,130.19 in the previous period[17] Assets and Liabilities - The total assets at the end of Q1 2025 were ¥1,097,916,682.62, a decrease of 1.19% from the end of the previous year[5] - Total liabilities amount to ¥389,652,509.32, slightly down from ¥393,359,927.21 in the previous period[15] - Total equity attributable to shareholders of the parent company is ¥707,985,483.92, a decrease from ¥717,670,149.24 in the previous period[15] - Current liabilities decreased from 295,339,115.58 yuan to 242,746,493.90 yuan, a reduction of approximately 17.8%[14] - Long-term borrowings increased from 97,580,613.20 yuan to 146,500,000.00 yuan, an increase of about 50%[14] Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,960[11] - The largest shareholder, Ningbo Beilun Helen Investment Co., Ltd., holds 27.41% of shares, totaling 69,316,800 shares[11] - The top ten shareholders account for a significant portion of the company's equity, with the top two holding over 44% combined[11] Credit and Impairment - The company reported a significant increase in credit impairment losses, which amounted to -¥1,714,166.93, a decrease of 3802.51% year-over-year[9] - The company recorded a credit impairment loss of -¥1,714,166.93, indicating a deterioration in asset quality compared to the previous period[18] Other Information - The company has increased its online marketing efforts to capture limited market share amid a shrinking domestic piano consumption market[9] - The company has no preferred shareholders as indicated in the report[12] - The company did not undergo an audit for the first quarter report[22] - The new accounting standards will be implemented starting in 2025[23]