Financial Performance - The company's revenue for Q1 2025 was ¥181,223,359.02, representing a 25.74% increase compared to ¥144,126,501.08 in the same period last year[3] - The net profit attributable to shareholders was -¥164,149,138.43, worsening from -¥58,449,865.10 year-on-year[3] - The net loss for Q1 2025 was ¥164,206,032.59, compared to a net loss of ¥58,490,954.70 in Q1 2024, indicating a significant decline in profitability[17] - The total comprehensive income attributable to the parent company was -164,149,138.43 CNY for Q1 2025, compared to -58,449,865.10 CNY in Q1 2024, indicating a significant decline[18] - Basic and diluted earnings per share were both -0.41 CNY in Q1 2025, down from -0.15 CNY in Q1 2024[18] Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥65,758,885.94 from -¥244,210,749.06 in the previous year[3] - Cash inflows from operating activities totaled 190,807,174.91 CNY in Q1 2025, a decrease of 21.3% from 242,612,539.09 CNY in Q1 2024[18] - Cash outflows from operating activities were 256,566,060.85 CNY in Q1 2025, down from 486,823,288.15 CNY in Q1 2024, reflecting a reduction of 47.4%[18] - Cash and cash equivalents decreased to RMB 309,326,875.95 from RMB 504,492,493.70, representing a decline of 38.67%[12] - The company reported cash and cash equivalents of CNY 121.94 million at the end of Q1 2025, down from CNY 426.17 million at the end of Q1 2024[29] Research and Development - Research and development expenses totaled ¥60,183,560.66, a 52.48% increase from ¥39,469,634.15 in the same period last year[3] - R&D expenses accounted for 33.21% of revenue, up from 27.39% year-on-year, indicating a strategic focus on innovation[4] - The company plans to continue increasing investment in R&D to enhance product innovation and maintain competitive advantage in the market[7] - Research and development expenses increased to ¥60,183,560.66 in Q1 2025, up 52.5% from ¥39,469,634.15 in Q1 2024[16] - Research and development expenses rose to CNY 56.44 million in Q1 2025, up 47% from CNY 38.47 million in Q1 2024[25] Assets and Liabilities - The total assets decreased by 5.28% to ¥4,669,329,953.32 from ¥4,929,616,758.84 at the end of the previous year[4] - The company's total assets amounted to RMB 4,669,329,953.32, down from RMB 4,929,616,758.84, indicating a reduction of 5.27%[13] - The total liabilities decreased to ¥3,133,109,291.17 from ¥3,246,050,681.41 year-over-year[15] - The total current liabilities decreased to ¥1,360,534,897.52 from ¥1,465,975,403.07 year-over-year[15] - The total owner's equity decreased from CNY 1,685.61 million to CNY 1,541.31 million year-over-year[22] Shareholder Structure - The company has a significant shareholder structure, with the top two shareholders holding a combined 70.05% of shares[10] - The largest shareholder, Nanjing Shichuang Venture Capital Co., Ltd., holds 35.74% of the shares[10] - The company has no significant changes in the shareholding structure due to margin trading or stock lending activities[11] Operational Insights - The company is focused on expanding its market presence and developing new technologies, although specific details were not disclosed in the call[10] - There are no significant reminders or additional important information regarding the company's operational status during the reporting period[12]
时创能源(688429) - 2025 Q1 - 季度财报