SCREEN(SH:688053)2025-04-28 10:30Financial Performance - The company's operating revenue for Q1 2025 was ¥38,661,101.09, representing a 34.85% increase compared to ¥28,670,179.99 in the same period last year[4]. - The net profit attributable to shareholders was -¥5,301,909.06, a decrease of 215.97% from ¥4,571,726.52 in the previous year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥7,393,596.85, down 320.24% from ¥3,357,116.13 year-on-year[4]. - Net profit for Q1 2025 was a loss of ¥6,121,932.54, compared to a profit of ¥3,276,392.33 in Q1 2024[20]. - The total comprehensive income for the period was -6,121,932.54 RMB, compared to 3,276,392.33 RMB in the previous period, marking a decline of approximately 287%[21]. Cash Flow - The cash flow from operating activities was -¥5,629,481.95, a decline of 123.86% compared to ¥23,596,244.96 in the same period last year[5]. - In Q1 2025, the company's operating cash flow was -5,629,481.95 RMB, a significant decrease from 23,596,244.96 RMB in Q1 2024, indicating a decline of approximately 124% year-over-year[23]. - Total cash inflow from operating activities in Q1 2025 was 37,817,602.02 RMB, down 40.5% from 63,642,173.32 RMB in Q1 2024[24]. - Cash and cash equivalents at the end of Q1 2025 were 176,081,617.44 RMB, down from 238,364,031.05 RMB at the end of Q1 2024, representing a decrease of approximately 26%[25]. - The company incurred cash outflows from investing activities of 45,505,702.46 RMB in Q1 2025, compared to 82,333,578.89 RMB in Q1 2024, reflecting a reduction of about 44.8%[25]. - Cash inflow from financing activities was 4,696,865.58 RMB in Q1 2025, contrasting with an outflow of -11,212,636.27 RMB in Q1 2024, indicating a turnaround in financing cash flow[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,795,748,384.28, a decrease of 1.44% from ¥1,822,019,588.53 at the end of the previous year[5]. - Total liabilities decreased to ¥151,110,382.89 from ¥171,259,654.60 year-over-year[17]. - The company's equity attributable to shareholders decreased slightly to ¥1,602,701,069.83 from ¥1,608,002,978.89 year-over-year[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,382[9]. - The total number of shares held by the top 10 shareholders includes 4,610,000 shares by Ningbo Tongtai Xin Venture Capital Partnership and 2,460,000 shares by Ningbo Tongyuan Youbo Venture Capital Partnership[10]. - The top shareholder, Hai Luo Chuang Tou Holdings (Zhuhai) Co., Ltd., holds 426,602 shares, with no shares held in ordinary securities accounts[11]. Regulatory and Compliance - The company received an administrative regulatory measure decision from the China Securities Regulatory Commission on January 17, 2025, which is being addressed with corrective measures[12]. - The company held a board meeting on April 25, 2025, to review and approve corrections related to prior accounting errors and periodic report adjustments[14]. - The company is focused on compliance and has implemented specific rectification measures in response to regulatory feedback[13]. Research and Development - Research and development expenses totaled ¥5,122,522.39, accounting for 13.25% of operating revenue, down from 20.48% in the previous year[5]. - Research and development expenses for Q1 2025 were ¥5,122,522.39, a decrease from ¥5,872,639.91 in Q1 2024[19]. Inventory and Receivables - The company experienced an increase in inventory unit costs and recognized inventory impairment provisions, impacting net profit negatively[8]. - The company attributed the decline in net profit to increased depreciation costs and a decrease in cash collection from major clients[8]. - Accounts receivable increased to ¥167,516,216.89 from ¥165,084,679.92, reflecting a slight growth of about 1.5%[15]. - The company’s other receivables amounted to ¥2,837,160.81, showing a slight increase from ¥2,562,833.11[15]. - The company’s prepayments rose significantly to ¥4,690,813.10 from ¥2,819,681.48, marking an increase of approximately 66%[15]. Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[19]. - The company's financial report for the first quarter of 2025 is unaudited, indicating a need for further review before finalization[15].