长江投资(600119) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 43,102,622.92, a decrease of 83.94% compared to CNY 268,327,142.75 in the same period last year[4] - The net loss attributable to shareholders was CNY -6,485,737.53, compared to a loss of CNY -3,478,268.31 in the previous year[4] - Net profit for Q1 2025 was a loss of CNY 4,481,720.04, compared to a loss of CNY 5,357,815.99 in Q1 2024, indicating an improvement in financial performance[18] - The weighted average return on equity was -4.827%, a decrease of 3.126 percentage points compared to -1.701% in the previous year[5] - Basic and diluted earnings per share for Q1 2025 were both CNY -0.0180, compared to CNY -0.0100 in Q1 2024[19] Cash Flow - The net cash flow from operating activities was CNY -11,893,070.18, an improvement from CNY -28,945,220.61 in the same period last year[4] - The company reported a decrease in cash inflow from operating activities to CNY 68,608,769.97 in Q1 2025, down from CNY 229,034,196.43 in Q1 2024[22] - Cash outflows related to operating activities totaled $80,501,840.15, down from $257,979,417.04, showing a significant reduction in operational cash expenses[23] - Cash inflow from investment activities totaled $153,444,074.77, up from $102,146,132.41, with a net cash flow of $77,312,750.03 compared to $28,160,592.99 previously[23] - Cash inflow from financing activities was $40,000,000.00, an increase from $20,000,000.00, while the net cash flow was -$1,343,066.68, improving from -$11,710,943.55[23] Assets and Liabilities - Total assets decreased by 5.59% to CNY 516,014,626.71 from CNY 546,577,318.48 at the end of the previous year[5] - Total current assets as of March 31, 2025, amount to 425,714,958.91 RMB, a decrease from 455,305,042.89 RMB as of December 31, 2024[13][14] - Total liabilities as of March 31, 2025, are 273,836,891.51 RMB, down from 280,717,863.24 RMB[15] - The company's total assets decreased to CNY 516,014,626.71 from CNY 546,577,318.48 year-over-year[16] - The company’s total liabilities and equity decreased to CNY 516,014,626.71 from CNY 546,577,318.48 year-over-year[16] Shareholder Information - Total number of common shareholders at the end of the reporting period is 27,557[10] - The largest shareholder, Changjiang Economic United Development Group, holds 167,418,761 shares, representing 45.83% of total shares[10] Operational Efficiency - Operating costs decreased by 86.74%, primarily due to the contraction of operations in subsidiaries[7] - The company reported a decrease in accounts payable to 24,498,296.68 RMB from 25,515,092.25 RMB[15] - The company has no significant changes in the shareholding structure or financing activities reported[11][12] - The company has not disclosed any new product developments or market expansion strategies during the reporting period[12] Investment Performance - Investment income decreased by 79.22%, as there were no dividends from associated companies this period[7] - The company recorded an investment loss of CNY 752,945.79 in Q1 2025, compared to a gain of CNY 3,623,789.06 in Q1 2024[18] - Cash received from investment income was $1,245,934.79, compared to $636,781.37 previously, indicating growth in investment returns[23] - The cash paid for other investment activities was $76,000,000.00, slightly up from $73,000,000.00, reflecting ongoing investment commitments[23] Research and Development - Research and development expenses for Q1 2025 were CNY 2,057,223.56, slightly down from CNY 2,487,024.28 in Q1 2024[17]