IRON TECH(688329)2025-04-28 15:15Financial Performance - The company's operating revenue for Q1 2025 was CNY 56,067,979.40, representing a year-on-year increase of 0.44% compared to CNY 55,820,624.20 in the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 14,166,228.78, slightly worse than the loss of CNY 13,968,038.10 in the previous year[4] - The net cash flow from operating activities was negative at CNY -19,116,427.13, a significant decline from CNY -4,600,739.52 in the same period last year[4] - Total operating revenue for Q1 2025 was CNY 56,067,979.40, a slight increase from CNY 55,820,624.20 in Q1 2024, representing a growth of 0.44%[18] - Net loss for Q1 2025 was CNY 14,914,658.26, compared to a net loss of CNY 15,356,778.46 in Q1 2024, indicating an improvement of 2.88%[19] - The company reported a basic and diluted earnings per share of CNY -0.18 for Q1 2025, unchanged from Q1 2024[20] Cash Flow and Liquidity - Cash received from sales of goods and services was CNY 78,633,598.54 in Q1 2025, down from CNY 101,818,176.48 in Q1 2024, a decline of 22.73%[22] - The net cash flow from operating activities was -$19.12 million, a decrease from -$4.60 million in the previous period, indicating a decline in operational efficiency[23] - Total cash and cash equivalents at the end of the period were $106.21 million, down from $65.89 million, indicating a decrease in liquidity[24] - Cash outflow from operating activities amounted to $108.92 million, down from $124.49 million, suggesting cost control measures are being implemented[23] - The total cash flow decreased by $34.11 million, compared to a decrease of $59.55 million in the previous period, indicating a potential stabilization in cash management[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,358,358,496.91, a decrease of 1.59% from CNY 1,380,253,616.86 at the end of the previous year[5] - Total liabilities were CNY 610,150,412.85, a minor decrease from CNY 611,445,395.01[16] - The company's total equity decreased to CNY 748,208,084.06 from CNY 768,808,221.85, reflecting a decline of approximately 2.66%[16] - As of March 31, 2025, the company's total current assets amounted to RMB 742,655,642.24, a slight decrease from RMB 755,726,768.80 on December 31, 2024[14] Research and Development - Research and development expenses totaled CNY 10,101,815.70, down 23.45% from CNY 13,196,498.65, with R&D expenses accounting for 18.02% of operating revenue, a decrease of 5.62 percentage points[5] - Research and development expenses for Q1 2025 were CNY 10,101,815.70, down from CNY 13,196,498.65 in Q1 2024, a decrease of 23.4%[19] Share Buyback - The company completed a share buyback of 915,323 shares, accounting for 1.1857% of the total share capital, with a total expenditure of RMB 11,945,902.57[12] - The maximum buyback price was RMB 14.85 per share, while the minimum was RMB 11.71 per share[12] - The company plans to use the repurchased shares for employee stock ownership plans or equity incentives[11] - The total amount allocated for the share buyback program ranges from RMB 6 million to RMB 12 million[11] - The company reported a total of 2,505,746 shares in the repurchase account, representing 3.25% of the total share capital[11] Investment Activities - The company reported an investment loss of CNY -2,521,702.08 in Q1 2025, compared to a gain of CNY 294,873.78 in Q1 2024[19] - Cash inflow from investment activities totaled $40.77 million, up from $31.83 million, reflecting an increase in investment recovery[23] - Cash outflow for investment activities was $54.14 million, up from $38.85 million, reflecting increased capital expenditures[23] - The cash inflow from recovering investments was $40.71 million, an increase from $31.83 million, highlighting successful investment strategies[23]