TOYOU(SZ:300302)2025-04-28 12:45Financial Performance - The company's revenue for Q1 2025 was ¥47,519,457.15, a decrease of 49.30% compared to ¥93,719,196.17 in the same period last year[4] - The net profit attributable to shareholders was -¥26,318,930.21, representing a decline of 1,008.38% from a profit of ¥2,897,347.99 in Q1 2024[4] - The company's Q1 2025 revenue was CNY 47.52 million, a year-over-year decrease of 49.30%, resulting in a net profit decline of CNY 29.22 million[14] - The total comprehensive loss for the current period was ¥26,426,838.63, compared to a comprehensive income of ¥3,025,500.94 in the previous period[20] - The net loss for the current period was ¥26,318,930.21, compared to a net profit of ¥2,897,347.99 in the previous period[20] Cash Flow - The net cash flow from operating activities improved by 68.52%, reaching -¥20,872,879.92 compared to -¥66,298,453.19 in the previous year[4] - Cash flow from financing activities decreased by 78.62%, totaling ¥9,048,929.40, primarily due to reduced borrowings[8] - Cash inflow from financing activities was $25,000,000.00, while cash outflow was $15,951,070.60, leading to a net cash inflow of $9,048,929.40[23] - The ending cash and cash equivalents balance was $99,080,961.80, down from $102,817,525.41 in the previous period[23] - Cash inflow from investment activities totaled $43,766,476.11, with cash outflow amounting to $70,471,336.79, resulting in a net cash outflow of -$26,704,860.68[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,650,469,424.93, a decrease of 1.53% from ¥1,676,129,999.68 at the end of the previous year[4] - Total liabilities remained relatively stable, with a slight increase from ¥611,358,074.17 to ¥612,124,338.05[18] - The company's equity attributable to shareholders decreased from ¥1,064,771,925.51 to ¥1,038,345,086.88, a reduction of 2.5%[18] - The total current assets at the end of the reporting period amounted to CNY 627.24 million, down from CNY 651.19 million at the beginning of the period[16] - The total non-current assets were valued at CNY 609.94 million, with long-term equity investments at CNY 221.88 million[16] Shareholder Information - The total number of common stock shareholders at the end of the reporting period was 50,916[10] - The largest shareholder, Zhou Zexiang, holds 17.41% of the shares, with a total of 83,428,597 shares, of which 62,571,448 are pledged[10] - The company has not reported any changes in the shareholding structure of the top 10 shareholders due to margin trading activities[11] Operational Efficiency - The comprehensive gross margin for the reporting period was 41.86%, reflecting a strong focus on cost reduction and efficiency improvement while maintaining high R&D investment[15] - The company maintained a stable expense scale year-over-year, indicating effective cost management strategies[15] - Total operating costs amounted to ¥73,435,460.11, down from ¥94,245,682.22, reflecting a reduction of 22.0%[19] - Research and development expenses were ¥18,141,294.12, down from ¥20,032,842.71, indicating a decrease of 9.4%[19] Order Backlog and Future Performance - As of the end of the reporting period, the company had a backlog of orders with a total taxable amount of nearly CNY 240 million, an increase of over CNY 70 million compared to the end of 2024[14] - Approximately 40% of new orders for storage systems in Q1 2025 were from high-end new products, which are expected to significantly contribute to future performance[15] Earnings Per Share - The company’s basic and diluted earnings per share were both -¥0.0549, a decline of 1,015.00% from ¥0.0060 in Q1 2024[4] - Basic and diluted earnings per share were both -0.0549, compared to 0.0060 in the previous period[20] Financial Expenses - The company reported a significant increase in financial expenses, which rose by 191.40% to ¥4,518,530.35 due to higher interest costs[7] Credit Impairment - The company reported a credit impairment loss of ¥440,254.77, a significant improvement from a loss of ¥3,599,886.23 in the previous period[20]