*ST天山(300313) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥24,648,491.40, representing a 40.50% increase compared to ¥17,543,154.91 in the same period last year[5] - The net profit attributable to shareholders was -¥4,959,240.35, an improvement of 31.19% from -¥7,206,692.62 year-on-year[5] - The company reported a net loss of CNY 493,247,696.76 in retained earnings, worsening from a loss of CNY 488,288,456.41[31] - Net profit for the current period was -¥4,778,549.77, an improvement from -¥6,826,573.04 in the previous year, indicating a reduction in losses[33] - The company’s total profit (loss) for the current period was -¥3,862,240.81, an improvement from -¥5,708,458.86 in the previous year[33] - Basic and diluted earnings per share were both -0.0158, an improvement from -0.0230 in the same period last year[33] Cash Flow and Assets - The net cash flow from operating activities was -¥7,145,943.07, a significant decline of 231.73% compared to ¥5,424,757.22 in the previous year[5] - The cash inflow from operating activities decreased by 35.96% to ¥19,728,818.07 from ¥30,809,346.05 year-on-year[12] - The company's cash and cash equivalents decreased from CNY 24,500,019.79 to CNY 17,622,166.54, representing a decline of approximately 28.0%[29] - Cash and cash equivalents at the end of the period totaled ¥17,546,543.73, down from ¥22,446,910.25 at the end of the previous year[36] - The company's current assets decreased from CNY 62,540,010.51 to CNY 57,652,679.04, reflecting a decline of approximately 7.4%[29] - The total assets at the end of the reporting period were ¥239,741,075.73, down 3.41% from ¥248,197,118.59 at the end of the previous year[5] Operating Costs and Expenses - The company reported a 27.85% increase in operating costs, totaling ¥21,832,310.58, compared to ¥17,076,295.46 in the same period last year[11] - Total operating costs increased to ¥30,449,510.22, up 23.1% from ¥24,744,512.43 year-on-year[32] - Research and development expenses were ¥209,464.91, slightly down from ¥212,759.43 year-on-year[33] - The company reported a decrease in sales expenses to ¥571,658.47 from ¥646,415.23 year-on-year, reflecting cost control measures[33] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,020[13] - The controlling shareholder, Huzhou Haohui, holds 69,211,312 shares, accounting for 22.11% of the total shares[17] - Huzhou Haohui has pledged a total of 15,350,000 shares, which is 22.18% of its holdings and 4.90% of the total shares[20] - Chen Dehong holds 34,279,083 shares, representing 10.95% of the total shares, with 33,509,768 shares pledged, equating to 97.76% of his holdings[21] Legal and Regulatory Issues - The company is involved in a legal case regarding the execution of pledged shares, with 13,509,768 shares under dispute[22] - The company has been pursuing the recovery of shares from a fraud case involving its former actual controller, Chen Dehong, with 37,279,083 shares to be returned[19] - The company has received a final judgment in a civil lawsuit related to the fraud case, which may impact its financial position[19] - The company is currently facing uncertainty regarding the bankruptcy proceedings of its controlling shareholder, which may affect its operations[16] Strategic Developments - The company established a joint venture, Guangdong Tiansheng Agricultural Technology Co., Ltd., to enhance its operational strategy and profitability[26] - The company plans to reduce its planting area due to government water resource management policies, with the area decreasing to 21,532 acres by 2025[25] - The company is in the process of liquidating its subsidiary, Ningxia Meijia Agricultural Biotechnology Development Co., Ltd., due to poor performance and strategic misalignment[27] - The company has recognized an impairment provision of CNY 28.69 million for agricultural development land due to potential impairment signs[25] Other Income - The company recorded a 758.60% increase in other income, amounting to ¥2,126,416.62, compared to ¥247,660.27 in the previous year[11] - Other income increased significantly to ¥2,126,416.62 from ¥247,660.27 in the previous year, showing a substantial growth[33]