Financial Performance - Operating revenue for the first quarter was ¥64,245,090.74, down 8.51% year-on-year [10]. - Net profit attributable to shareholders decreased by 25.11% to ¥11,289,980.65 compared to the same period last year [10]. - The basic earnings per share decreased by 30.00% to ¥0.07 compared to the same period last year [10]. - Net profit for Q1 2025 was ¥11,081,139.16, representing a decline of 27.5% from ¥15,253,060.01 in Q1 2024 [41]. - The company reported an operating profit of ¥12,980,567.03 for Q1 2025, down 27.5% from ¥17,871,907.86 in Q1 2024 [41]. - The total profit for Q1 2025 was ¥12,972,171.61, a decrease of 27.5% from ¥17,830,688.04 in Q1 2024 [41]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥75,230,687.67, a decrease of 23.24% year-on-year [10]. - Operating cash inflow for Q1 2025 was CNY 83,542,375.48, up from CNY 68,319,160.62 in Q1 2024, representing a growth of approximately 22.2% [46]. - Net cash outflow from operating activities for Q1 2025 was CNY -98,005,722.97, compared to CNY -75,230,687.67 in Q1 2024, indicating a decline in operational efficiency [46]. - Total cash inflow from operating activities for the parent company in Q1 2025 was CNY 49,465,791.04, down from CNY 54,833,877.80 in Q1 2024, a decrease of about 9.5% [48]. - The parent company's net cash flow from operating activities for Q1 2025 was CNY -48,788,387.75, worsening from CNY -21,709,746.58 in Q1 2024, indicating increased operational losses [48]. Assets and Liabilities - Total assets decreased by 8.87% to ¥805,303,660.13 compared to the end of the previous year [10]. - Current assets totaled CNY 684.10 billion as of March 31, 2025, down from CNY 758.40 billion at the end of 2024, a decrease of about 9.76% [34]. - Total liabilities decreased from CNY 343.57 billion to CNY 254.05 billion, a decline of about 26.06% [36]. - Shareholders' equity increased from CNY 540.17 billion to CNY 551.25 billion, an increase of approximately 2.00% [36]. Shareholder Information - The total share capital is 153,820,000 shares, with 3,433 common shareholders [20]. - The largest shareholder, Guangdong Provincial Yuexin Asset Management Co., holds 49,852,000 shares, representing 32.41% of total shares [21]. - The second largest shareholder, Dongguan Runzhu Enterprise Management Consulting Co., holds 27,600,000 shares, representing 17.94% [21]. - The company reported a total of 124,550,463 shares held by the top ten shareholders, accounting for 80.97% of total shares [22]. Research and Development - Research and development expenses increased by 37.05% to ¥4,662,929.75, primarily due to investments in electronic bidding platform development [12]. - Research and development expenses increased to ¥4,662,929.75 in Q1 2025, up 37.0% from ¥3,402,292.56 in Q1 2024 [40]. Other Financial Metrics - The company reported a significant increase in credit impairment losses by 171.23% to -¥176,338.77 due to increased bad debt provisions [12]. - The company recorded a financial expense of -¥1,846,283.05 in Q1 2025, an improvement from -¥3,998,747.86 in Q1 2024 [40]. - Investment income for Q1 2025 was ¥91,280.37, down from ¥372,894.67 in Q1 2024 [41]. - The company reported a tax expense of ¥1,891,032.45 for Q1 2025, down from ¥2,577,628.03 in Q1 2024 [41]. Subsidiaries and Acquisitions - The company has added one new subsidiary, Guangdong Electromechanical Equipment Bidding Center Co., Ltd., which has affected the consolidation scope [16]. - The company has not disclosed any major asset acquisitions or mergers during the reporting period [25].
国义招标(831039) - 2025 Q1 - 季度财报