CS&S(SH:600536)2025-04-28 15:55Financial Performance - The company's operating revenue for the first quarter was CNY 640,498,499.74, representing a decrease of 8.85% compared to the same period last year[2]. - The net profit attributable to shareholders was a loss of CNY 80,624,990.05, an improvement of 27.20% from a loss of CNY 110,749,176.65 in the previous year[2]. - Basic and diluted earnings per share were both CNY -0.10, showing a 23.08% improvement from CNY -0.13 in the same period last year[2]. - Total comprehensive income increased by 57.88%, reflecting a focus on core business and cost efficiency[7]. - The net profit for the subsidiary Qilin Software reached CNY 76,000,000, with a year-on-year growth of 20.98%[7]. - Total operating revenue for Q1 2025 was ¥640,498,499.74, a decrease of 8.86% compared to ¥702,706,014.87 in Q1 2024[19]. - Net loss for Q1 2025 was ¥48,620,522.96, compared to a net loss of ¥113,759,872.68 in Q1 2024, indicating an improvement[20]. - Operating profit for Q1 2025 was -¥49,765,077.12, an improvement from -¥121,430,671.85 in Q1 2024[19]. - The company reported a total comprehensive loss of ¥47,859,423.22 for Q1 2025, compared to a loss of ¥113,624,220.64 in Q1 2024[20]. Cash Flow and Assets - The net cash flow from operating activities was a negative CNY 731,599,327.99, which is a 16.55% improvement compared to the previous year's negative CNY 876,696,034.24[2]. - The company's cash and cash equivalents were reported at approximately 2.41 billion RMB, down from 2.58 billion RMB in the previous period[14]. - The ending cash and cash equivalents balance as of Q1 2025 was 2,384,068,382.90 RMB, compared to 1,333,077,158.65 RMB at the end of Q1 2024, reflecting a year-over-year increase of about 79%[22]. - Total cash inflow from operating activities in Q1 2025 was 1,027,726,244.64 RMB, compared to 973,036,367.95 RMB in Q1 2024, reflecting a year-over-year increase of approximately 5.2%[21]. - Cash outflow from operating activities decreased to 1,759,325,572.63 RMB in Q1 2025 from 1,849,732,402.19 RMB in Q1 2024, showing a reduction of about 4.9%[21]. - The net cash flow from investing activities was 68,631,884.45 RMB in Q1 2025, down from 154,108,218.52 RMB in Q1 2024, indicating a significant decrease of approximately 55.5%[22]. - Cash inflow from financing activities increased to 1,110,000,000.00 RMB in Q1 2025, compared to 419,732,000.00 RMB in Q1 2024, representing a substantial increase of about 164.5%[22]. - The net cash flow from financing activities was 497,707,284.53 RMB in Q1 2025, up from 118,136,568.26 RMB in Q1 2024, marking an increase of approximately 321.5%[22]. Expenses and Liabilities - The company's R&D expenses decreased by 44.43%, primarily due to the exclusion of certain subsidiaries from the consolidation scope[7]. - Total operating costs for Q1 2025 were ¥749,663,229.58, down 18.83% from ¥923,672,704.28 in Q1 2024[19]. - Research and development expenses decreased to ¥183,921,010.89 in Q1 2025 from ¥330,966,210.61 in Q1 2024, a reduction of 44.5%[19]. - Total liabilities were ¥5,363,274,859.62, down from ¥5,462,050,962.13[16]. - Shareholders' equity decreased to ¥3,041,334,798.47 from ¥3,087,474,614.29[16]. Assets and Inventory - Total assets at the end of the reporting period were CNY 8,404,609,658.09, a decrease of 1.70% from CNY 8,549,525,576.42 at the end of the previous year[2]. - The company reported inventory of approximately 1.09 billion RMB, an increase from 1.02 billion RMB in the previous period[14]. - Accounts receivable increased to approximately 1.49 billion RMB from 1.47 billion RMB, indicating a slight growth in receivables[14]. - The total amount of other receivables decreased to approximately 243.31 million RMB from 296.75 million RMB[14]. Share Issuance and Government Support - The company plans to issue up to 90,130,689 ordinary shares at a price of 22.19 RMB per share, raising no more than 2 billion RMB[12]. - The company received government subsidies amounting to CNY 1,853,326.16, which are closely related to its normal business operations[4]. Miscellaneous - The company has not identified any related party relationships among its major shareholders, except for the relationship between China Electronics and its subsidiary[11]. - The company is currently undergoing a review process for its share issuance application with the Shanghai Stock Exchange[12]. - The company has not experienced any changes in the participation of major shareholders in margin trading and securities lending activities[11].