JYT(SH:601908)2025-04-28 14:30Financial Performance - The company's operating revenue for Q1 2025 was ¥683,089,128.18, a decrease of 53.50% compared to ¥1,469,099,916.43 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥91,413,983.66, improving from a loss of ¥463,734,739.96 year-over-year[4] - The basic and diluted earnings per share were both -¥0.04, compared to -¥0.19 in the same period last year[4] - The weighted average return on equity increased by 3.13 percentage points to -1.02% from -4.15% year-over-year[4] - The company reported a net loss for Q1 2025, with significant reductions in both revenue and costs compared to the previous year[18] - The net profit for Q1 2025 was -98,155,370.52 RMB, compared to -472,672,591.48 RMB in Q1 2024, showing an improvement[20] - The total comprehensive loss for Q1 2025 was -98,155,370.52 RMB, compared to -472,672,591.48 RMB in Q1 2024[20] Cash Flow - The net cash flow from operating activities was ¥235,154,128.51, a significant recovery from a negative cash flow of ¥493,842,202.48 in the previous year[4] - Operating cash flow for Q1 2025 was 235,154,128.51 RMB, a significant recovery from -493,842,202.48 RMB in Q1 2024[23] - Total cash outflow from operating activities amounted to $532.40 million, while cash inflow was $305.03 million, resulting in a negative net cash flow[34] - Cash flow from investing activities showed a net inflow of $12.94 million, contrasting with a net outflow of -$68.99 million in the previous period[34] - Cash flow from financing activities generated a net inflow of $212.73 million, compared to $224.90 million previously, reflecting stable financing operations[34] Assets and Liabilities - Total assets at the end of the reporting period were ¥19,031,556,444.02, down 1.78% from ¥19,376,801,794.29 at the end of the previous year[5] - Total liabilities decreased to ¥10,162,920,165.66 in Q1 2025 from ¥10,414,863,366.82 in Q4 2024, a reduction of 2.4%[15] - Non-current assets totaled ¥12,869,722,714.78 as of March 31, 2025, down from ¥13,114,306,504.17 at the end of 2024, a decrease of 1.9%[13] - The total current liabilities increased to CNY 6.18 billion as of March 31, 2025, up from CNY 5.84 billion at the end of 2024, representing a growth of about 5.8%[27] Revenue and Costs - Total operating revenue for Q1 2025 was ¥683,089,128.18, a decrease of 53.6% compared to ¥1,469,099,916.43 in Q1 2024[18] - Total operating costs for Q1 2025 were ¥729,071,490.13, down 57.9% from ¥1,734,284,815.22 in Q1 2024[18] - Gross profit margin for Q1 2025 was negative, indicating a loss as total costs exceeded total revenue[18] - The decline in operating revenue was attributed to a decrease in the prices of new material business products compared to the previous year[7] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 106,321[9] Management and Strategy - The company has strengthened sales management and cash flow management, contributing to the improved cash flow from operating activities[7] - The company is focusing on improving cash flow management and reducing operational costs in response to the declining revenue trend[18] Investment and Research - The company incurred an investment loss of -67,283,907.26 RMB in Q1 2025, compared to a gain of 52,607,517.38 RMB in Q1 2024[19] - Research and development expenses for Q1 2025 were CNY 2.00 million, down 44% from CNY 3.57 million in Q1 2024[30] Cash and Equivalents - Cash and cash equivalents at the end of Q1 2025 were 137,993,926.92 RMB, down from 906,254,009.48 RMB at the end of Q1 2024[24] - The company's cash and cash equivalents stood at CNY 54.08 million as of March 31, 2025, a substantial increase from CNY 5.45 million at the end of 2024[26] Accounting Practices - The company did not apply new accounting standards starting from 2025, maintaining its current reporting practices[35]