SFY(002572)2025-04-28 12:30Financial Performance - The company's revenue for Q1 2025 was ¥2,038,095,098.80, a decrease of 3.46% compared to ¥2,111,108,168.34 in the same period last year[4] - Net profit attributable to shareholders was ¥12,101,242.34, down 92.69% from ¥165,465,208.07 year-on-year[4] - Net profit for the current period is ¥18,113,412.90, a decline of 89.58% compared to ¥173,975,526.47 in the previous period[26] - Total operating revenue for the current period is ¥2,038,095,098.80, a decrease of 3.46% from ¥2,111,108,168.34 in the previous period[25] - Total operating costs decreased to ¥1,842,683,212.73, down 3.85% from ¥1,916,191,944.98[25] - Total comprehensive income for the period was CNY 18,113,412.90, with CNY 12,101,242.34 attributable to the parent company[27] - Basic and diluted earnings per share were both CNY 0.0126, down from CNY 0.1734 in the previous period[27] Cash Flow - The net cash flow from operating activities improved by 31.07%, reaching -¥702,318,353.18 compared to -¥1,018,881,928.64 in the previous year[12] - Net cash flow from operating activities was CNY -702,318,353.18, an improvement from CNY -1,018,881,928.64 in the previous period[29] - Cash inflow from sales of goods and services was CNY 2,114,849,384.70, an increase from CNY 1,926,083,890.65[28] - Total cash outflow from operating activities was CNY 2,981,219,090.93, slightly down from CNY 2,998,581,444.79[28] - Cash inflow from investment activities totaled CNY 3,206,213,159.52, compared to CNY 872,166,318.72 in the prior period[29] - Net cash flow from financing activities was CNY -211,148,845.58, worsening from CNY -148,026,957.53 year-over-year[29] - Investment cash outflow was CNY 2,328,636,421.54, significantly higher than CNY 349,375,740.08 in the previous period[29] Assets and Liabilities - Total assets decreased by 8.34% to ¥15,005,930,222.83 from ¥16,372,088,949.73 at the end of the previous year[4] - The company's total assets decreased to ¥15,005,930,222.83 from ¥16,372,088,949.73, reflecting a reduction of 8.35%[24] - Total liabilities decreased to ¥7,221,966,194.33, down 16.12% from ¥8,606,170,396.68[24] - Current liabilities totaled ¥6,259,709,366.52, a decrease of 17.94% from ¥7,633,546,417.51[24] - The company’s total liabilities decreased significantly, with contract liabilities down by 34.44% to ¥1,496,163,809.73 from ¥2,282,203,935.82[7] Research and Development - Research and development expenses were ¥59,052,643.11, a reduction of 32.49% from ¥87,474,797.24 in the prior year[10] - Research and development expenses were ¥59,052,643.11, down 32.5% from ¥87,474,797.24[26] Investments and Subsidiaries - The company established a wholly-owned subsidiary in Dubai with an investment of 150,000 dirhams to support its overseas business expansion[18] - The company has not reported any related party transactions or significant asset restructuring in the establishment of the Dubai subsidiary[18] - The company plans to sell 293,901,542 shares of Minsheng Securities for a total price of RMB 767.8054 million, receiving 68,738,175 shares of Guolian Securities as consideration[16] - The company has completed the registration of the new shares with China Securities Depository and Clearing Corporation Limited, Shanghai Branch[17] Financial Ratios and Metrics - The weighted average return on equity decreased to 0.16% from 2.35% in the same period last year[4] - The company reported a significant increase in financial expenses, which rose by 4782.44% to ¥8,025,238.26 due to increased service fees related to government subsidies[10] - The company reported a financial expense of ¥8,025,238.26, significantly higher than ¥164,369.31 in the previous period[26] - Deferred income tax assets rose to ¥449,167,373.98, an increase of 19.1% from ¥376,902,309.49[24] Inventory and Receivables - The company's accounts receivable increased to RMB 1,479,585,450.44 from RMB 1,359,296,476.29, reflecting a growth of approximately 8.8%[22] - Inventory decreased to RMB 436,259,170.58 from RMB 586,015,120.18, indicating a reduction of about 25.6%[22] - The company’s trading financial assets decreased to RMB 859,801,657.76 from RMB 1,757,895,164.31, a decline of approximately 51%[22] - The company’s prepayments increased to RMB 66,242,741.69 from RMB 60,095,217.36, showing an increase of about 10.0%[22]