CTCG(SH:600358)2025-04-28 11:00Financial Performance - The company's operating revenue for Q1 2025 was ¥87,056,909.60, a decrease of 29.16% compared to ¥122,885,649.47 in the same period last year[3] - The net profit attributable to shareholders was -¥8,536,345.13, compared to -¥4,378,126.01 in the previous year, indicating a worsening financial performance[3] - The net profit for Q1 2025 was -8,492,623.74 RMB, compared to -4,070,994.50 RMB in Q1 2024, indicating a decline in profitability[17] - The total comprehensive income for Q1 2025 was -8,315,033.68 RMB, compared to -4,939,386.78 RMB in Q1 2024, reflecting a worsening financial position[17] - The basic earnings per share were -¥0.0169, compared to -¥0.0087 in the previous year, reflecting a decline in profitability[3] - Basic and diluted earnings per share for Q1 2025 were both -0.0169 RMB, compared to -0.0087 RMB in Q1 2024, reflecting a decline in earnings[17] Cash Flow - The net cash flow from operating activities was -¥32,836,018.54, significantly lower than -¥8,324,921.21 in the same period last year, reflecting reduced cash inflow from sales[3] - Cash inflow from operating activities totaled 106,705,606.71 RMB in Q1 2025, down from 193,200,508.56 RMB in Q1 2024, showing a decline of approximately 44.7%[21] - Cash outflow from operating activities was 139,541,625.25 RMB in Q1 2025, compared to 201,525,429.77 RMB in Q1 2024, indicating a reduction of about 30.7%[21] - Cash flow from operating activities for Q1 2025 was -32,836,018.54 RMB, a significant decrease from -8,324,921.21 RMB in Q1 2024[21] - The company reported cash and cash equivalents at the end of Q1 2025 amounting to 52,423,868.88 RMB, down from 97,566,219.24 RMB at the end of Q1 2024[22] - The net cash flow from financing activities for Q1 2025 was 42,885,364.68 RMB, an increase from 34,916,776.39 RMB in Q1 2024[22] Assets and Liabilities - Total assets increased by 9.27% to ¥464,531,942.30 from ¥425,130,680.55 at the end of the previous year[3] - Total assets as of March 31, 2025, amounted to CNY 464,531,942.30, an increase from CNY 425,130,680.55 as of December 31, 2024[13] - Total liabilities increased to CNY 380,696,338.95 as of March 31, 2025, compared to CNY 332,980,043.52 at the end of 2024[13] - The equity attributable to shareholders decreased by 9.87% to ¥76,333,425.17 from ¥84,692,180.24 at the end of the previous year[3] - The total equity attributable to shareholders decreased to CNY 76,333,425.17 from CNY 84,692,180.24[13] Operational Metrics - Total operating revenue for Q1 2025 was CNY 87,056,909.60, a decrease of 29.2% compared to CNY 122,885,649.47 in Q1 2024[15] - Total operating costs for Q1 2025 were CNY 95,429,000.25, down 23.4% from CNY 124,547,389.03 in Q1 2024[15] - Operating profit for Q1 2025 was a loss of CNY 6,431,226.47, compared to a loss of CNY 1,443,707.97 in Q1 2024[15] - The company reported a net loss of CNY 8,452,101.77 for Q1 2025, compared to a net loss of CNY 2,481,862.25 in Q1 2024[15] Other Income and Expenses - Non-recurring gains and losses amounted to -¥219,375.65, after accounting for tax effects and minority interests[4] - Other income surged by 2,482.25%, primarily due to government subsidies received by a subsidiary, amounting to ¥1,500,000[6] - The company incurred a tax expense of 40,521.97 RMB in Q1 2025, compared to 1,589,132.25 RMB in Q1 2024, indicating a significant reduction[17] Accounts and Inventory - The company reported a 31.38% increase in prepaid accounts, indicating an increase in advance payments to suppliers[6] - The company experienced a 24.78% increase in accounts payable, suggesting a rise in outstanding payments to suppliers[6] - Accounts receivable increased to CNY 105,108,377.15, up 18.9% from CNY 88,394,225.71[11] - Inventory as of March 31, 2025, was CNY 31,208,572.90, an increase of 19.5% from CNY 26,160,264.35[11]