Insigma(SH:600797)2025-04-28 11:00Financial Performance - The company's operating revenue for Q1 2025 was ¥568,073,578.80, a decrease of 16.48% compared to ¥680,179,583.01 in the same period last year[4]. - The net profit attributable to shareholders was -¥30,487,459.57, slightly worse than -¥29,947,898.65 in the previous year[4]. - The net profit for the first quarter of 2025 was -40,091,858.84 RMB, compared to -51,115,283.09 RMB in the same period of 2024, indicating an improvement of approximately 21.5% year-over-year[21]. - Total revenue from operating activities increased to 762,037,252.69 RMB in Q1 2025, up from 680,694,906.94 RMB in Q1 2024, representing a growth of about 12%[24]. - The company reported a total comprehensive income of 30,097,657.90 RMB in Q1 2025, contrasting with a loss of -97,792,154.23 RMB in Q1 2024[22]. Cash Flow and Assets - The net cash flow from operating activities was -¥163,666,498.21, an improvement from -¥219,513,744.69 year-on-year[4]. - The total cash and cash equivalents at the end of Q1 2025 were 704,242,831.95 RMB, down from 540,182,797.72 RMB at the end of Q1 2024[26]. - The company's total assets decreased to CNY 5,871,673,193.73 from CNY 5,997,487,566.02 at the end of 2024, representing a decline of approximately 2.1%[15][17]. - The total current assets as of March 31, 2025, were CNY 2,481,942,018.67, down from CNY 2,647,304,986.90, indicating a decrease of about 6.3%[15]. - The company's total liabilities decreased to CNY 2,266,348,467.63 from CNY 2,424,094,756.41, reflecting a reduction of approximately 6.5%[17]. Shareholder Information - The equity attributable to shareholders increased by 1.27% to ¥3,314,905,740.09 from ¥3,273,462,542.83[5]. - The company reported a total of 220,664 common shareholders at the end of the reporting period[9]. - Zhejiang Wangxin Group Co., Ltd. held 7.27% of shares, with 54,450,000 shares pledged[10]. Cost Management - The total operating costs for Q1 2025 were CNY 616,896,660.43, a decrease of 15.9% compared to CNY 733,070,501.79 in Q1 2024[20]. - The operating cost for Q1 2025 was CNY 455,273,023.03, down from CNY 538,539,216.59 in Q1 2024, indicating a decline of approximately 15.4%[20]. - The company incurred sales expenses of 28,549,982.80 RMB in Q1 2025, a decrease from 35,824,091.20 RMB in Q1 2024, reflecting a cost-cutting strategy[21]. - Research and development expenses were 43,472,952.50 RMB in Q1 2025, down from 53,019,394.76 RMB in Q1 2024, indicating a potential shift in focus towards operational efficiency[21]. Capital Management - The company plans to cancel 732 shares from its repurchase account, reducing the registered capital from CNY 1,027,527,102 to CNY 1,027,526,370[12][17]. - The company completed the registration change for the capital reduction as of March 31, 2025[13]. - The company has not received any objections from creditors regarding the cancellation of repurchased shares[12]. Earnings Per Share - Basic and diluted earnings per share remained at -¥0.03, unchanged from the previous year[5]. - The basic and diluted earnings per share remained at -0.03 RMB for both Q1 2025 and Q1 2024, indicating no change in per-share performance despite the overall financial improvements[22]. Non-Recurring Items - Non-recurring gains and losses totaled ¥9,713,922.75, with government subsidies contributing ¥2,476,194.83[7].