GalaxyCore (SH:688728)2025-04-28 09:10Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,524,264,403, representing an increase of 18.21% compared to CNY 1,289,489,531 in the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 51,730,895, a decrease of 271.50% from a profit of CNY 30,163,398 in the previous year[4] - The basic and diluted earnings per share were both CNY -0.02, reflecting a decrease of 300.00% compared to CNY 0.01 in the previous year[5] - The company reported a total comprehensive loss of ¥49,008,196 for Q1 2025, compared to a comprehensive income of ¥28,211,659 in Q1 2024[18] Research and Development - The R&D expenditure totaled CNY 261,616,580, which is an increase of 30.02% from CNY 201,214,604 year-on-year, accounting for 17.16% of operating revenue[5] - R&D expenses rose to ¥261,616,580, representing a 30% increase compared to ¥201,214,604 in the same period last year[17] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 242,445,096, a significant improvement from a negative cash flow of CNY -370,813,656 in the same period last year[4] - Cash flow from operating activities generated ¥242,445,096 in Q1 2025, recovering from a negative cash flow of ¥370,813,656 in Q1 2024[21] - The company's cash and cash equivalents increased to RMB 5,107,242,328 from RMB 4,524,184,104, representing a growth of about 12.7%[12] - Cash and cash equivalents at the end of Q1 2025 totaled ¥4,792,216,913, an increase from ¥4,110,223,136 at the end of Q1 2024[22] - The company’s total cash inflow from financing activities was ¥3,060,641,029 in Q1 2025, compared to ¥2,470,243,764 in Q1 2024[22] Assets and Liabilities - The total assets at the end of the reporting period were CNY 23,256,599,162, an increase of 3.73% from CNY 22,419,857,634 at the end of the previous year[5] - As of March 31, 2025, the total assets of the company amounted to RMB 23,256,599,162, an increase from RMB 22,419,857,634 as of December 31, 2024, reflecting a growth of approximately 3.73%[12] - Total current liabilities increased to RMB 9,095,719,864 from RMB 8,244,459,986, marking a rise of about 10.4%[14] - The company's total liabilities reached RMB 15,528,204,881, compared to RMB 14,645,141,199, reflecting an increase of approximately 6.0%[14] - The equity attributable to the owners of the parent company decreased to RMB 7,728,394,281 from RMB 7,774,716,435, a decline of about 0.6%[14] Market and Competition - The company faced challenges due to intense market competition, leading to reduced gross margins and increased R&D costs impacting profitability[7] - The company reported a significant increase in revenue from high-pixel products, exceeding CNY 400 million, contributing to improved cash flow from operations[7] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,284[8]