Xinyichang(SH:688383)2025-04-28 15:20Financial Performance - The company's revenue for Q1 2025 was CNY 226.67 million, a decrease of 13.78% compared to CNY 262.90 million in the same period last year[4]. - Net profit attributable to shareholders was CNY 11.70 million, down 59.58% from CNY 28.94 million year-over-year[4]. - Basic and diluted earnings per share were both CNY 0.12, representing a decrease of 57.14% compared to CNY 0.28 in the same period last year[4]. - Total operating revenue for Q1 2025 was CNY 226,666,707.93, a decrease of 13.8% compared to CNY 262,899,154.42 in Q1 2024[21]. - Net profit for Q1 2025 was CNY 11,661,496.86, a decline of 57.0% from CNY 27,140,763.74 in Q1 2024[22]. - Earnings per share for Q1 2025 was CNY 0.12, compared to CNY 0.28 in Q1 2024[22]. Cash Flow and Assets - The net cash flow from operating activities was CNY -55.89 million, a significant decline from CNY -17.81 million in the previous year[4]. - In Q1 2025, the cash inflow from operating activities was CNY 117,507,767.18, a decrease of 19.3% compared to CNY 145,708,147.39 in Q1 2024[24]. - The net cash outflow from operating activities was CNY -55,894,620.35, worsening from CNY -17,808,956.28 in the same period last year[24]. - The total cash and cash equivalents at the end of Q1 2025 stood at CNY 168,582,363.72, up from CNY 135,010,269.27 in Q1 2024[25]. - The company's cash and cash equivalents decreased to RMB 172,890,267.24 from RMB 207,899,170.33, reflecting a decline of approximately 16.85%[17]. - The cash outflow for purchasing fixed assets and intangible assets was CNY 40,633,436.37, significantly higher than CNY 16,860,458.80 in the previous year[25]. Research and Development - Research and development expenses totaled CNY 20.61 million, accounting for 9.09% of revenue, an increase of 0.85 percentage points from 8.24% year-over-year[5]. - Research and development expenses were CNY 20,610,907.03, a slight decrease from CNY 21,665,682.53 in the previous year[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,433[10]. - The company completed a share buyback of 566,985 shares, representing 0.5551% of the total share capital, with a total expenditure of RMB 28,096,179.58[14]. - The company has initiated a plan to repurchase shares to enhance shareholder returns, as approved in the board meeting on February 21, 2024[13]. - The company’s employee stock ownership platform, Spring River Investment, holds a 16.82% stake, with key shareholders being Hu Xinrong and Song Changning[12]. Strategic Transformation - The company is undergoing a strategic transformation, focusing on new display and semiconductor technologies, which has temporarily impacted performance[8]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2.85 billion, slightly up from CNY 2.83 billion at the end of the previous year[5]. - The company's total assets increased to CNY 2,850,398,704.52 in the latest reporting period, up from CNY 2,828,300,304.29[19]. - Total liabilities amounted to CNY 1,460,557,717.66, slightly up from CNY 1,439,011,559.67[19]. - The company’s total liabilities and equity figures are not provided in the extracted data, indicating a need for further financial details[16].