GSMG(SH:600543)2025-04-28 10:10Financial Performance - The company's operating revenue for Q1 2025 was ¥61,521,839.37, a decrease of 24.08% compared to ¥81,037,098.66 in the same period last year[4] - The net profit attributable to shareholders of the listed company was -¥10,013,195.08, compared to a profit of ¥806,849.51 in the same period last year, indicating a significant loss[4] - The net cash flow from operating activities was -¥36,189,171.44, a decline of 8.69% from -¥33,296,714.86 in the previous year[4] - The company reported a net loss of RMB 102,796,827.34 for the period, worsening from a loss of RMB 92,783,632.26 in the previous period[14] - Net loss for Q1 2025 was ¥10,332,436.29, compared to a net profit of ¥750,043.26 in Q1 2024, representing a significant decline[17] - The company experienced a total comprehensive loss of ¥10,332,436.29 in Q1 2025, reflecting ongoing financial challenges[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥964,372,868.29, down 2.63% from ¥990,461,184.68 at the end of the previous year[5] - As of March 31, 2025, the company's total assets amounted to RMB 964,372,868.29, a decrease from RMB 990,461,184.68 as of December 31, 2024, reflecting a decline of approximately 2.6%[12] - The company's current assets totaled RMB 359,013,659.94, down from RMB 374,902,620.65, indicating a decrease of about 4.2%[13] - Total liabilities decreased to RMB 159,160,758.38 from RMB 174,916,638.48, a reduction of approximately 9.0%[14] - The company's equity attributable to shareholders decreased to RMB 799,606,711.05 from RMB 809,619,906.13, reflecting a decline of about 1.3%[14] - The company's total non-current assets were RMB 605,359,208.35, down from RMB 615,558,564.03, indicating a decrease of about 1.9%[13] Cash Flow and Investments - Cash and cash equivalents decreased to RMB 87,028,637.96 from RMB 123,426,641.19, a decline of approximately 29.4%[12] - Operating cash flow for Q1 2025 was -¥36,189,171.44, compared to -¥33,296,714.86 in Q1 2024, indicating worsening cash flow[20] - Total investment cash outflow for Q1 2025 was ¥121,964.15, significantly lower than ¥5,102,931.34 in Q1 2024, indicating reduced investment activity[21] Expenses and Costs - The company reported a 49.43% decrease in taxes and surcharges due to reduced operating revenue[7] - Sales expenses decreased by 48.19%, reflecting the decline in operating revenue[7] - Total operating costs for Q1 2025 were ¥69,376,898.84, down 12.7% from ¥79,451,485.50 in Q1 2024[16] - Research and development expenses increased to ¥234,581.92 in Q1 2025 from ¥155,629.90 in Q1 2024, reflecting a focus on innovation[16] - Sales expenses decreased to ¥6,943,154.57 in Q1 2025 from ¥13,400,085.32 in Q1 2024, indicating cost-cutting measures[16] Shareholder Information - The top three shareholders hold a combined 35.69% of the company's shares, with Gansu Agricultural Reclamation Group Co., Ltd. holding 16.25%[9] - The company reported a basic and diluted earnings per share of -¥0.0315 for Q1 2025, compared to ¥0.0025 in Q1 2024[17] Accounts Receivable and Inventory - Accounts receivable increased by 35.29% due to higher sales volume in the film business, resulting in a longer collection cycle[7] - Accounts receivable increased to RMB 55,626,390.78 from RMB 41,117,193.37, representing a growth of approximately 35.4%[12] - Inventory rose to RMB 174,201,273.04, compared to RMB 159,894,482.49, marking an increase of about 8.9%[12]