YTG(SH:600881)2025-04-28 16:00Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,026,176,214.11, representing a 2.55% increase compared to CNY 1,000,650,375.76 in the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 468,952,958.90, an improvement of 9.10% from a loss of CNY 515,915,343.05 in the previous year[4] - The basic and diluted earnings per share were both CNY -0.14, showing a 12.50% improvement from CNY -0.16 in the previous year[4] - The net loss for Q1 2025 was a loss of $591,646,714.10, compared to a loss of $643,559,088.27 in Q1 2024, indicating an improvement of approximately 8.06%[22] - The total comprehensive loss for Q1 2025 was $674,315,424.80, compared to a loss of $637,229,943.20 in Q1 2024[23] Cash Flow and Assets - The net cash flow from operating activities was a negative CNY 315,161,733.63, which is a decline of 11.58% compared to a negative CNY 282,442,386.93 in the same period last year[4] - The company's cash and cash equivalents decreased to approximately 712.60 million RMB from 739.47 million RMB at the end of 2024[15] - The company's current assets totaled approximately 19.06 billion RMB, an increase from 18.89 billion RMB at the end of 2024, driven by an increase in inventory[16] - The total liabilities as of March 31, 2025, were approximately 39.51 billion RMB, compared to 38.88 billion RMB at the end of 2024, indicating a rise in short-term borrowings[17] - Cash and cash equivalents at the end of Q1 2025 were $208,683,001.46, down from $234,186,154.81 at the end of Q1 2024[26] - The company reported a net cash outflow from operating activities of $315,161,733.63 in Q1 2025, compared to an outflow of $282,442,386.93 in Q1 2024[26] Equity and Shareholder Information - The weighted average return on equity decreased to -18.42%, down 9.04 percentage points from -9.38% in the previous year[5] - Shareholders' equity attributable to shareholders decreased by 20.07% to CNY 2,222,667,052.15 from CNY 2,780,761,093.86 at the end of the previous year[5] - The company’s equity attributable to shareholders decreased to approximately 2.22 billion RMB from 2.78 billion RMB at the end of 2024[18] Investments and Subsidiaries - The company completed the transfer of equity in Jiangsu Weikail Medical Technology Co., Ltd., with the necessary registration procedures finalized[11] - A proposal to establish a subsidiary of Jilin Yatai Construction Engineering Co., Ltd. was approved in the fourth executive meeting of the company on January 20, 2025[11] - The company established a joint venture named "Yatai Jinchuan (Dalian) Construction Engineering Co., Ltd." with a registered capital of 10 million RMB, where Jilin Yatai Construction Engineering Co., Ltd. contributed 3 million RMB (30%) and Dalian Jinhui Navigation Co., Ltd. contributed 4.9 million RMB (49%)[12] - The company approved the establishment of a wholly-owned subsidiary, "Jilin Yatai Group Environmental Technology Co., Ltd.," with a registered capital of 20 million RMB, focusing on cement production and sales, among other activities[13] Operating Costs and Expenses - Total operating costs rose to $1,734,625,516.81 in Q1 2025 from $1,700,488,725.15 in Q1 2024, marking an increase of about 2.01%[21] - Research and development expenses increased to $16,532,351.27 in Q1 2025 from $12,238,232.70 in Q1 2024, reflecting a growth of approximately 35.4%[21]