ARTS GROUP(SH:603017)2025-04-28 12:30Financial Performance - The company's operating revenue for Q1 2025 was CNY 242,799,352.20, a decrease of 26.25% compared to CNY 329,221,596.26 in the same period last year[4] - The net profit attributable to shareholders was CNY 21,373,960.87, down 28.60% from CNY 29,936,228.77 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 18,049,353.23, a decrease of 27.22% compared to CNY 24,799,452.54 in the previous year[4] - The basic earnings per share for the period was CNY 0.08, down 27.27% from CNY 0.11 in the same period last year[4] - Total operating revenue for Q1 2025 was CNY 242,799,352.20, a decrease of 26.1% compared to CNY 329,221,596.26 in Q1 2024[16] - Net profit for Q1 2025 was CNY 22,106,670.92, a decline of 29.3% from CNY 31,210,353.53 in Q1 2024[17] - Basic earnings per share for Q1 2025 was CNY 0.08, compared to CNY 0.11 in Q1 2024, reflecting a decrease of 27.3%[17] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 3,336,584,591.50, reflecting a 1.45% increase from CNY 3,288,957,386.05 at the end of the previous year[5] - The equity attributable to shareholders increased by 1.46% to CNY 1,484,322,286.19 from CNY 1,463,023,160.55 at the end of the previous year[5] - The company's current assets totaled RMB 1,924,538,471.61, compared to RMB 1,865,097,038.99 at the end of 2024, indicating an increase of about 3.16%[13] - The total liabilities of the company were RMB 1,833,265,837.07, up from RMB 1,807,670,467.31, marking an increase of approximately 1.41%[14] - The company's equity attributable to shareholders increased to RMB 1,484,322,286.19 from RMB 1,463,023,160.55, reflecting a growth of about 1.46%[14] - The short-term borrowings rose significantly to RMB 337,213,083.33 from RMB 215,146,527.77, an increase of approximately 56.73%[14] - The company's contract liabilities increased to RMB 277,509,074.63 from RMB 268,663,136.11, indicating a growth of about 3.14%[14] Cash Flow - The net cash flow from operating activities improved to CNY -10,322,371.35, compared to CNY -16,233,119.89 in the same period last year[4] - Cash flow from operating activities for Q1 2025 was negative CNY 10,322,371.35, an improvement from negative CNY 16,233,119.89 in Q1 2024[21] - Cash inflow from operating activities totaled CNY 417,788,972.11 in Q1 2025, down 33.8% from CNY 631,614,794.49 in Q1 2024[21] - Cash outflow from operating activities was CNY 428,111,343.46 in Q1 2025, a decrease of 33.9% compared to CNY 647,847,914.38 in Q1 2024[21] - The cash and cash equivalents at the end of the period amounted to $278,338,726.31, down from $311,162,353.50 in the previous period[22] - The company experienced a net increase in cash and cash equivalents of $25,807,863.65, contrasting with a decrease of $62,062,320.01 in the prior year[22] Expenses and Income - Total operating costs for Q1 2025 were CNY 239,269,316.67, down 25.0% from CNY 318,651,304.91 in Q1 2024[16] - Research and development expenses for Q1 2025 were CNY 19,100,683.61, down 9.5% from CNY 21,099,954.28 in Q1 2024[16] - Other income for Q1 2025 was CNY 272,052.67, significantly lower than CNY 1,330,958.15 in Q1 2024[16] - Investment income for Q1 2025 showed a loss of CNY 96,480.95, compared to a profit of CNY 3,872,432.08 in Q1 2024[16] Government Support and Shareholder Information - The company received government subsidies amounting to CNY 164,555.33 during the reporting period[7] - The number of ordinary shareholders at the end of the reporting period was 17,499[10] - The company has not reported any significant changes in its major shareholders or their participation in securities lending activities[12] Future Outlook - The company plans to implement new accounting standards starting in 2025, which may affect the financial statements[22]