SITONG(SH:603838)2025-04-28 11:25Financial Performance - The company's operating revenue for Q1 2025 was ¥67,683,217.01, representing a 76.91% increase compared to ¥38,259,338.72 in the same period last year[4] - The net profit attributable to shareholders was -¥8,674,162.18, a decrease from -¥6,137,643.71 year-on-year[4] - The net cash flow from operating activities was -¥42,080,577.89, significantly lower than -¥3,927,779.17 in the previous year[4] - Basic and diluted earnings per share were both -¥0.0271, down from -¥0.0192 year-on-year[5] - Net profit for Q1 2025 was a loss of ¥9,049,300.62, compared to a loss of ¥6,137,643.71 in Q1 2024, indicating a worsening performance[18] - The basic earnings per share for Q1 2025 was -¥0.0271, compared to -¥0.0192 in Q1 2024, indicating a decline in profitability[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,036,399,729.22, a decrease of 1.06% from ¥1,047,535,519.16 at the end of the previous year[5] - Total current assets as of March 31, 2025, amount to ¥692,537,000.76, a slight decrease from ¥695,371,898.73 as of December 31, 2024[12][13] - Total liabilities decreased to ¥72,692,243.74 from ¥74,778,733.06, reflecting a reduction of about 2.8%[14] - Total equity attributable to shareholders decreased to ¥963,125,046.53 from ¥971,799,208.71, a decline of approximately 0.9%[15] Cash Flow - Operating cash flow for Q1 2025 was negative at ¥42,080,577.89, compared to a negative cash flow of ¥3,927,779.17 in Q1 2024[21] - Cash and cash equivalents at the end of Q1 2025 totaled ¥367,088,022.70, down from ¥134,010,233.41 at the end of Q1 2024[21] - The total cash outflow from operating activities in Q1 2025 was ¥153,640,261.40, significantly higher than ¥51,042,220.10 in Q1 2024[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 11,829[10] - The largest shareholder, Huang Jianping, holds 88,807,032 shares, representing 27.75% of total shares[10] - There are no significant changes in the top 10 shareholders or their shareholding status compared to the previous period[11] Operational Insights - The increase in operating revenue was attributed to the expansion of domestic sales channels and diversification of zirconium-titanium product refining business[8] - The decrease in net profit was due to increased sales expenses, R&D investments, and reduced foreign exchange gains[8] - The company is focusing on consolidating and developing both new and existing overseas customers while expanding its domestic market presence[8] Research and Development - Research and development expenses increased to ¥2,102,973.08 in Q1 2025, up from ¥1,755,828.12 in Q1 2024, reflecting a focus on innovation[16] Other Financial Metrics - The company reported non-recurring gains of ¥2,398,876.37, primarily from government subsidies and fair value changes of financial assets[7] - The weighted average return on equity was -0.8966%, compared to -0.6186% in the previous year[5] - The company reported an investment income of ¥2,434,194.53 in Q1 2025, a decrease from ¥7,796,051.19 in Q1 2024[16] - The company experienced a foreign exchange loss of ¥585,973.28 in Q1 2025, compared to a loss of ¥3,409,213.91 in Q1 2024[17] - Total operating costs for Q1 2025 were ¥78,117,069.86, up 60.0% from ¥48,787,165.01 in Q1 2024[16] - Cash and cash equivalents increased significantly to ¥166,951,436.84 from ¥23,276,611.47[12]