华脉科技(603042) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥154,677,320.01, representing a decrease of 10.89% compared to ¥173,587,705.34 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥9,337,732.00, compared to a loss of ¥3,827,000.47 in the previous year, indicating a significant decline[5] - The company reported a net loss of RMB 9,855,567.34 for Q1 2025, compared to a net loss of RMB 517,835.34 in Q1 2024[15] - The total comprehensive income amounted to -7,507,475.50, compared to -5,909,392.65 in the previous year, reflecting a worsening financial position[19] Cash Flow - The cash flow from operating activities showed a net outflow of ¥23,034,398.47, a substantial increase in cash outflow compared to ¥3,134,701.60 in the same period last year[5] - Operating cash flow for Q1 2025 was -23,034,398.47, a decline from -3,134,701.60 in Q1 2024, indicating increased cash outflows from operations[22] - Investment activities generated a net cash flow of -29,399,827.94 in Q1 2025, compared to a positive cash flow of 4,890,733.09 in Q1 2024, showing a shift towards cash outflows[23] - Financing activities resulted in a net cash flow of -5,392,957.94 in Q1 2025, compared to -51,571,906.06 in Q1 2024, indicating reduced cash inflows from financing[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,546,440,824.43, down 1.22% from ¥1,565,556,295.19 at the end of the previous year[6] - Total liabilities as of March 31, 2025, were RMB 584,225,764.08, compared to RMB 595,833,759.34 at the end of 2024, indicating a reduction of 1.0%[15] - The company's total assets were RMB 1,546,440,824.43 as of March 31, 2025, down from RMB 1,565,556,295.19 at the end of 2024[14] - The company’s equity attributable to shareholders was RMB 889,817,749.42 as of March 31, 2025, down from RMB 899,209,682.35 at the end of 2024[15] Operating Costs - Total operating costs for Q1 2025 were RMB 169,842,557.28, down 8.1% from RMB 184,801,196.36 in Q1 2024[17] - Operating costs included RMB 121,716,839.70 in operating expenses for Q1 2025, a decrease of 12.3% from RMB 138,828,083.97 in Q1 2024[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,375[9] - Shareholders' equity attributable to the company was ¥889,817,749.42, a decrease of 1.04% from ¥899,209,682.35 at the end of the previous year[6] Credit and Impairment - The company reported a significant increase in credit impairment losses of 3,352,182.74, compared to a recovery of -17,562.11 in the previous year, highlighting potential credit risk issues[19] Research and Development - Research and development expenses were 11,095,915.01, slightly up from 11,087,383.24 in the previous year, reflecting continued investment in innovation[19] Inventory and Cash Management - Cash and cash equivalents decreased to RMB 383,504,618.68 from RMB 418,116,839.89 as of December 31, 2024, a decline of 8.3%[13] - The cash and cash equivalents at the end of Q1 2025 were 264,444,993.02, down from 200,500,154.78 in Q1 2024, indicating a decrease in liquidity[23] - Inventory increased to RMB 102,546,550.47 as of March 31, 2025, up from RMB 74,931,774.13 at the end of 2024, reflecting a growth of 36.9%[13] Expenses - Sales expenses decreased to 14,639,639.33 from 15,113,091.12, indicating a reduction in marketing costs[19] - The company’s interest expenses were 1,469,150.88, down from 1,847,547.62, suggesting improved debt management[19]