ENC(SH:603869)2025-04-28 14:55Financial Performance - The company's operating revenue for Q1 2025 was ¥116,064,283.82, a decrease of 31.30% compared to ¥168,945,639.89 in the same period last year[4] - Net profit attributable to shareholders was ¥5,878,028.26, down 27.14% from ¥8,068,043.31 year-on-year[4] - Net profit for Q1 2025 was ¥5,590,878.16, a decline of 25.0% from ¥7,452,142.21 in Q1 2024[19] - Basic earnings per share increased by 7.01% to ¥0.0122 from ¥0.0114 in the same period last year[4] - Earnings per share for Q1 2025 were ¥0.0122, compared to ¥0.0114 in Q1 2024[20] - Total operating costs for Q1 2025 were ¥105,911,342.44, down 32.1% from ¥155,966,182.22 in Q1 2024[18] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥24,317,542.96, compared to -¥95,067.07 in the previous year, indicating a significant increase in cash outflow[4] - Cash flow from operating activities for Q1 2025 was negative at -¥24,317,542.96, compared to a slight negative of -¥95,067.07 in Q1 2024[22] - Cash and cash equivalents at the end of Q1 2025 increased to ¥992,387,418.59 from ¥957,954,485.01 at the end of Q1 2024[22] - The company's cash and cash equivalents reached RMB 992.39 million, up from RMB 917.25 million, indicating an increase of approximately 8.2%[13] - Investment activities generated a net cash inflow of ¥99,539,238.92 in Q1 2025, compared to ¥41,644,451.62 in Q1 2024[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,638,459,222.79, a slight increase of 0.43% from ¥4,618,310,319.39 at the end of the previous year[5] - The company's total assets increased to RMB 4.64 billion from RMB 4.62 billion, showing a growth of approximately 0.3%[14] - The total liabilities of the company as of March 31, 2025, were RMB 895.98 million, compared to RMB 881.42 million at the end of 2024, representing a rise of about 1.9%[15] - The total liabilities and equity amounted to ¥4,638,459,222.79 as of the end of the reporting period[16] Operational Adjustments - The company adjusted its smart integration business, leading to a 31.30% decrease in operating revenue[7] - R&D expenses decreased by 44.80% as the company shifted focus towards core business areas, reducing investment in police-related projects[7] - Research and development expenses decreased to ¥8,247,958.44 in Q1 2025 from ¥14,942,553.43 in Q1 2024, reflecting a reduction of 44.2%[18] - The company reported non-recurring gains and losses totaling ¥1,039,051.05, after accounting for tax effects[6] Market Position and Strategy - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the call[11] - There were no significant reminders or alerts regarding the company's operational status during the reporting period[11] - The company has not reported any changes in major shareholders or significant shareholding structures during the reporting period[11] Inventory and Receivables - The accounts receivable decreased to RMB 592.14 million from RMB 616.63 million, reflecting a decline of about 4.0%[13] - The company's inventory increased to RMB 86.26 million from RMB 71.03 million, marking a significant rise of approximately 21.5%[14] Financial Ratios - The weighted average return on equity decreased to 0.0016%, down 0.14 percentage points from 0.1452% year-on-year[4] - The company reported a total equity of RMB 3.74 billion, unchanged from the previous period, indicating stability in shareholder equity[15] Sales and Expenses - The company reported a significant decrease in sales expenses, which were ¥13,687,679.42 in Q1 2025, down from ¥17,725,204.57 in Q1 2024[18] - Significant changes in financial metrics included a 1,265.80% increase in prepayments due to new large equipment purchases[7]