YT(SH:600692)2025-04-28 11:00Financial Performance - The company's operating revenue for Q1 2025 was ¥79,943,275.03, a decrease of 38.11% compared to ¥129,167,154.57 in the same period last year[4] - The net profit attributable to shareholders was -¥10,655,481.14, a significant decline from a profit of ¥21,751.72 in the previous year, representing a decrease of 49,086.84%[4] - The net profit for Q1 2025 was a loss of ¥10,298,159.22, compared to a loss of ¥3,335,329.57 in Q1 2024, representing an increase in loss of 208.5%[18] - The total comprehensive income for the company was reported at -¥3,980,245.27, compared to ¥3,169,820.16 in the previous period, indicating a decline in overall financial performance[28] - The company reported a gross profit margin of -12.9% in Q1 2025, compared to a positive margin in Q1 2024[17] Cash Flow - The net cash flow from operating activities was -¥149,171,322.50, down 122.26% from ¥670,267,622.22 in the same period last year[4] - Cash flow from operating activities for Q1 2025 was a net outflow of ¥149,171,322.50, compared to a net inflow of ¥670,267,622.22 in Q1 2024[20] - The company's cash flow from financing activities was -54,376,350.43, compared to a positive cash flow of 10,696,682.87 in the previous period[21] - The company's cash flow from operating activities was significantly impacted by a reduction in cash received from other operating activities, which fell to ¥16,784,046.59 from ¥80,198,160.02 year-over-year[29] - The ending cash and cash equivalents balance for Q1 2025 was ¥9,275,428.43, down from ¥28,818,546.38 in Q1 2024, reflecting liquidity challenges[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,021,061,273.76, a decrease of 3.21% from ¥5,187,620,143.09 at the end of the previous year[5] - Current assets decreased to CNY 4,266,565,683.37 from CNY 4,443,245,259.98, representing a reduction of about 4%[14] - Total liabilities decreased to CNY 3,606,119,100.13 from CNY 3,762,379,810.24, a decline of about 4.1%[15] - The total assets as of March 31, 2025, were 1,265,003,139.75, a decrease from 1,284,418,811.17 as of December 31, 2024[26] - The total liabilities amounted to 527,128,935.91, down from 542,564,362.06 at the end of 2024[25] Equity and Earnings Per Share - Basic earnings per share were -¥0.0303, a decrease of 30,400.00% compared to ¥0.0001 in the previous year[4] - The company's total equity attributable to shareholders was ¥927,069,242.71, a slight decrease from ¥937,724,723.85 in the previous year[16] - The weighted average return on equity was -1.14%, a decrease of 1.15 percentage points from 0.0023% in the previous year[4] Operational Changes and Strategies - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[1] - The company reported no significant changes in shareholder structure or major new strategies during the reporting period[12] - The company incurred financial expenses of ¥683,738.25 in Q1 2025, significantly lower than ¥4,046,132.59 in Q1 2024[17] - The company paid ¥4,398,547.13 in employee compensation during Q1 2025, a decrease from ¥5,848,095.12 in Q1 2024, suggesting cost-cutting measures[29] Receivables and Inventory - The company reported a 100% decrease in accounts receivable financing, primarily due to reduced financing from a subsidiary[8] - Accounts receivable decreased to CNY 299,849,071.90 from CNY 339,228,868.49, a decrease of about 11.6%[13] - Inventory increased to CNY 2,863,668,504.53 from CNY 2,694,812,348.29, an increase of approximately 6.3%[14]