THGW(SH:600365)2025-04-28 15:50Financial Performance - The company's operating revenue for Q1 2025 was CNY 196,054,493.59, a decrease of 19.86% compared to CNY 244,654,798.55 in the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 1,061,532.14, representing a decline of 143.08% from a profit of CNY 2,464,331.26 in the previous year[4] - The basic earnings per share were -CNY 0.002, down 120.00% from CNY 0.01 in the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,264,605.81, down 64.59% from CNY 3,571,043.14 in the previous year[4] - Net profit for Q1 2025 was -¥1,153,810.23, compared to a net profit of ¥2,461,063.27 in Q1 2024, indicating a significant decline[22] - The company's total liabilities decreased to ¥533,822,516.31 in Q1 2025 from ¥688,597,037.29 in Q1 2024, reflecting a reduction of approximately 22.5%[20] - The total equity attributable to shareholders increased slightly to ¥288,184,517.58 in Q1 2025 from ¥287,777,857.21 in Q1 2024[20] - The company's total current assets increased to CNY 355,439,179.18 from CNY 344,441,514.17[28] - The total equity decreased to CNY 564,658,909.13 from CNY 568,787,113.44[30] - The total comprehensive income for the first quarter of 2025 was -5,596,396.82 RMB, compared to -6,620,875.82 RMB in the same quarter of 2024, reflecting a year-over-year improvement of approximately 15.4%[33] Cash Flow and Liquidity - The net cash flow from operating activities was -CNY 84,564,231.42, compared to -CNY 100,964,132.12 in the same period last year[4] - Cash inflow from operating activities in Q1 2025 was ¥168,086,195.55, an increase from ¥121,739,513.75 in Q1 2024[25] - The company's cash and cash equivalents increased to CNY 25,914,600.99 from CNY 8,141,824.68, reflecting a significant improvement in liquidity[17] - The total cash paid for goods and services in Q1 2025 was ¥152,954,927.80, down from ¥177,869,160.66 in Q1 2024[25] - The company reported a significant increase in cash outflows related to operating activities, totaling 32,959,681.85 RMB in Q1 2025, compared to 19,468,480.38 RMB in Q1 2024, an increase of about 68.7%[35] - The company has not reported any cash inflows from investment activities in Q1 2025, indicating a potential area for future growth and focus[35] Assets and Liabilities - The total assets at the end of the reporting period were CNY 821,769,045.01, a decrease of 15.82% from CNY 976,229,183.71 at the end of the previous year[5] - As of March 31, 2025, the company's total assets amounted to CNY 821,769,045.01, a decrease from CNY 976,229,183.71 on December 31, 2024[17] - Non-current assets totaled CNY 307,315,955.76, slightly down from CNY 313,504,520.87, indicating a stable asset base[17] - The total liabilities increased to CNY 370,218,493.14 from CNY 357,113,282.88[30] - The company has recognized a provision for liabilities amounting to CNY 83,907,594.79 related to a dispute with Dalian Dinghua, affecting financial stability[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,389[10] - The largest shareholder, Jilin Province Jixiang Jiade Investment Co., Ltd., held 10.08% of the shares, with 43,093,236 shares frozen[11] Operational Metrics - The company's cash and cash equivalents at the end of the period were CNY 24,761,771.88, up from CNY 9,783,426.15 in the previous year[27] - Accounts receivable decreased to CNY 89,608,389.11 from CNY 250,139,869.05, indicating a reduction in outstanding customer payments[17] - Inventory rose to CNY 261,595,140.88 from CNY 227,410,426.71, suggesting an increase in stock levels[17] - Research and development expenses for Q1 2025 were ¥250,826.25, significantly lower than ¥898,360.36 in Q1 2024, a decrease of 72.1%[22] - The company's contract liabilities increased to ¥15,114,494.97 in Q1 2025 from ¥13,198,994.85 in Q1 2024, reflecting a growth of 14.5%[20]