KBC(SH:688598)2025-04-28 16:25Financial Performance - The company's operating revenue for Q1 2025 was ¥159,629,727.79, a decrease of 20.99% compared to ¥202,033,850.39 in the same period last year[4] - The net profit attributable to shareholders was -¥85,509,491.77, worsening from -¥54,699,604.84 year-on-year[4] - Total operating revenue for Q1 2025 was ¥159.63 million, a decrease of 21% compared to ¥202.03 million in Q1 2024[18] - Net loss for Q1 2025 was ¥84.10 million, compared to a net loss of ¥54.39 million in Q1 2024, indicating a worsening of 55%[19] - Total comprehensive loss for Q1 2025 was ¥83.37 million, compared to a loss of ¥54.07 million in Q1 2024, reflecting an increase of 54%[19] - Basic and diluted earnings per share for Q1 2025 were both -¥0.42, compared to -¥0.26 in Q1 2024[19] Research and Development - The total R&D investment was ¥17,804,138.31, down 48.97% from ¥34,888,028.35 in the previous year, representing 11.15% of operating revenue[5] - Research and development expenses were ¥17.80 million in Q1 2025, down 49% from ¥34.89 million in Q1 2024[18] - Research and development expenses in the first quarter of 2025 were CNY 14,047,956.66, significantly lower than CNY 32,342,197.07 in the first quarter of 2024, reflecting a reduction of about 56.6%[27] Cash Flow and Liquidity - The net cash flow from operating activities was -¥62,138,036.79, an improvement from -¥96,415,579.70 in the previous year[4] - Cash flow from operating activities showed a net outflow of ¥62.14 million in Q1 2025, an improvement from a net outflow of ¥96.42 million in Q1 2024[21] - The company's cash and cash equivalents increased to CNY 170,772,179.97 from CNY 112,343,322.59, representing a growth of approximately 52%[14] - The company's cash and cash equivalents decreased from CNY 97,953,196.83 at the end of 2024 to CNY 84,988,186.02 by March 31, 2025, a decline of approximately 13.2%[23] - The company's total cash and cash equivalents at the end of Q1 2025 were CNY 84,988,186.02, down from CNY 189,330,060.32 at the end of Q1 2024[30] - The company experienced a net decrease in cash and cash equivalents of -CNY 12,965,010.81 in Q1 2025, compared to -CNY 100,732,101.73 in Q1 2024[30] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,107,084,427.83, a decrease of 2.21% from ¥6,245,319,377.69 at the end of the previous year[5] - The company's current assets totaled CNY 2,307,794,295.00, down from CNY 2,408,977,206.66, indicating a decrease of about 4.2%[14] - The total liabilities decreased to CNY 1,006,293,050.15 from CNY 1,061,155,694.14, reflecting a reduction of approximately 5.2%[16] - The company's equity attributable to shareholders decreased to CNY 5,093,074,693.12 from CNY 5,177,859,035.17, a decline of about 1.6%[16] - The company's total liabilities decreased from CNY 1,013,094,015.71 on December 31, 2024, to CNY 951,161,176.44 on March 31, 2025, a reduction of about 6.1%[24] - The total equity of the company decreased from CNY 5,207,565,884.75 on December 31, 2024, to CNY 5,122,957,057.87 on March 31, 2025, a decline of about 1.6%[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,405[9] - The largest shareholder, Liao Jiqiao, holds 11.99% of the shares, totaling 24,481,962 shares[9] Future Outlook - The company plans to focus on improving operational efficiency and exploring new market opportunities in the upcoming quarters[6]