Polyrocks(SH:688669)2025-04-28 16:25Financial Performance - The company's revenue for Q1 2025 was CNY 1,108,648,026.80, a decrease of 7.36% compared to CNY 1,196,736,315.94 in the same period last year[4] - Net profit attributable to shareholders was CNY 8,366,124.00, a significant recovery from a loss of CNY 9,677,859.37 in the previous year[4] - Total operating revenue for Q1 2025 was CNY 1,108,648,026.80, a decrease of 7.35% from CNY 1,196,736,315.94 in Q1 2024[19] - Total operating costs for Q1 2025 were CNY 1,104,294,334.67, down 8.63% from CNY 1,208,678,651.15 in Q1 2024[19] - Net profit for Q1 2025 was CNY 13,578,897.23, compared to a net loss of CNY 4,270,418.73 in Q1 2024[19] - The total comprehensive income for Q1 2025 was CNY 13,386,160.40, compared to a loss of CNY 3,446,430.93 in Q1 2024[20] - Basic earnings per share for Q1 2025 was CNY 0.07, compared to a loss per share of CNY 0.08 in Q1 2024[20] Cash Flow - The net cash flow from operating activities decreased by 37.27% to CNY 38,139,762.51 from CNY 60,795,880.19[4] - Cash flow from operating activities for Q1 2025 was CNY 38,139,762.51, a decrease of 37.36% from CNY 60,795,880.19 in Q1 2024[22] - Cash flow from investing activities for Q1 2025 was negative CNY 81,515,216.98, an improvement from negative CNY 93,448,226.82 in Q1 2024[23] - Cash flow from financing activities for Q1 2025 was CNY 88,967,979.62, significantly higher than CNY 23,216,619.24 in Q1 2024[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,971,333,535.55, down 2.70% from CNY 5,109,031,810.26 at the end of the previous year[5] - The company's current assets totaled RMB 2,210,409,410.49, down from RMB 2,378,234,259.36, indicating a decrease of about 7.1%[14] - Total liabilities decreased to RMB 3,468,938,154.21 from RMB 3,619,763,326.04, reflecting a reduction of about 4.2%[16] - The company's equity attributable to shareholders increased to RMB 1,312,467,812.32 from RMB 1,304,359,416.83, a growth of approximately 0.9%[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,358[10] - The largest shareholder, Guangzhou Shipan Stone Investment Management Co., Ltd., holds 39.43% of the shares[11] Operational Strategy - The company plans to continue optimizing its operations by closing unprofitable businesses and expanding successful projects, which contributed to the turnaround in profitability[9] - The company has not reported any significant new strategies or product developments during the conference call[13] Research and Development - R&D investment totaled CNY 28,789,465.04, representing 2.60% of revenue, up from 2.41% in the previous year[5] Other Financial Metrics - The company reported a weighted average return on equity of 0.64%, improving from -0.62% in the same period last year[5] - Non-recurring gains and losses amounted to CNY 1,850,505.97 after tax, with significant contributions from asset disposals and government subsidies[8] Inventory and Receivables - Cash and cash equivalents increased to RMB 224,192,184.34 from RMB 151,821,658.90, representing a growth of approximately 47.4%[14] - Accounts receivable rose slightly to RMB 906,868,237.38 from RMB 901,333,565.12, showing an increase of about 0.6%[14] - Inventory decreased to RMB 651,053,301.56 from RMB 754,126,185.54, a decline of approximately 13.7%[14] Borrowings - Long-term borrowings increased to RMB 986,863,014.65 from RMB 812,276,212.05, indicating a rise of about 21.5%[16] - The company reported a decrease in short-term borrowings to RMB 748,479,844.70 from RMB 798,103,379.25, a decline of approximately 6.2%[16]