SOYEA(SZ:000909)2025-04-28 10:35Financial Performance - Total revenue for Q1 2025 was 68,999,923.21 CNY, a decrease of 22.64% compared to 89,190,308.20 CNY in the same period last year[5] - The company's operating revenue for the current period is 68,999,923.21, a decrease from 89,190,308.20 in the previous period, representing a decline of approximately 22.6%[28] - Total operating costs decreased to 75,106,580.48 from 90,656,171.68, reflecting a reduction of about 17.1%[28] - The net profit for the current period is -9,214,575.46, compared to -12,153,787.69 in the previous period, indicating an improvement of approximately 24.1%[29] - The total comprehensive income attributable to the parent company for the current period is -10,523,347.34, an improvement from -13,833,993.29 in the previous period, indicating a reduction in losses of about 23.4%[30] Cash Flow and Liquidity - Operating cash flow net amount decreased by 98.49% to 3,380,479.64 CNY from 223,424,778.27 CNY in the previous year[5] - The company reported a net cash flow from operating activities of 3,380,479.64, down from 223,424,778.27, a decline of about 98.5%[32] - Cash and cash equivalents decreased by 79.70% to 29,876,947.31 CNY compared to 147,202,454.53 CNY in the previous year[14] - Cash and cash equivalents at the end of the period totaled 154,327,769.00, compared to 367,774,443.92 at the end of the previous period, a decrease of approximately 58.1%[33] Assets and Liabilities - Total assets at the end of Q1 2025 were 2,420,559,829.04 CNY, down 2.12% from 2,473,097,996.92 CNY at the end of the previous year[5] - Current assets totaled CNY 832,787,378.22, down from CNY 871,983,777.19 at the start of the period, indicating a decline of approximately 4.5%[23] - Total liabilities decreased to CNY 1,286,942,131.98 from CNY 1,330,265,724.40, a reduction of about 3.3%[25] - The company's total equity as of March 31, 2025, was CNY 1,133,617,697.06, down from CNY 1,142,832,272.52, indicating a decrease of approximately 0.8%[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 21,259[17] Expenses and Investments - The company incurred research and development expenses of 5,774,124.65, slightly up from 5,511,642.37, an increase of about 4.8%[28] - Financial expenses decreased by 34.75% to 9,684,053.87 CNY due to reduced interest expenses[12] - The company reported a significant increase in long-term payables, which rose substantially due to changes in payment terms[10] - The company reported a significant reduction in other payables, which fell to CNY 91,407,391.75 from CNY 262,009,949.34, a decrease of about 65%[24] - The company's long-term equity investments slightly decreased to CNY 475,787,271.81 from CNY 478,030,038.71, a decline of approximately 0.5%[23] Sales and Revenue - The company experienced a significant decrease in sales revenue from services, with cash received from sales dropping to 76,524,975.04 from 95,230,426.97, a decline of approximately 19.7%[31] - Short-term borrowings rose significantly to CNY 750,574,873.72 from CNY 639,549,217.65, representing an increase of approximately 17.4%[24] Return Metrics - The weighted average return on net assets improved by 0.24 percentage points to -0.98% from -1.22%[5] - The basic and diluted earnings per share for the current period are both -0.0240, an improvement from -0.0305 in the previous period[30]