DZT(SH:600611)2025-04-29 08:25Financial Performance - The company's operating revenue for Q1 2025 was ¥504,839,224.11, a decrease of 26.82% compared to ¥689,904,185.74 in the same period last year[4]. - The net profit attributable to shareholders was -¥36,090,335.00, representing a decline of 296.76% from a profit of ¥18,342,620.91 in the previous year[4]. - Basic and diluted earnings per share were both -¥0.02, a decrease of 300.00% compared to ¥0.01 in the previous year[6]. - The company reported a net profit margin of approximately -0.4% for Q1 2025, compared to a positive margin in Q1 2024[20]. - The net profit for the first quarter of 2025 was -¥27,007,699.12, compared to a net profit of ¥28,509,634.15 in the first quarter of 2024, indicating a significant decline[21]. - The company reported a total comprehensive loss of -¥129,386,134.38 for the first quarter of 2025, compared to a loss of -¥16,213,870.50 in the same period of 2024[22]. - The company reported a total comprehensive income of -139,827,287.40 RMB in the latest period, compared to -57,059,071.13 RMB previously[34]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥29,257,378.13, a significant improvement from -¥133,148,692.19 in the same period last year[4]. - The company's cash and cash equivalents as of March 31, 2025, were CNY 1,841,647,429.15, compared to CNY 1,813,554,649.64 at the end of 2024, showing a slight increase[15]. - The ending cash and cash equivalents balance for Q1 2025 was 527,865,017.52 RMB, down from 649,855,106.62 RMB in Q1 2024[35]. - The total cash inflow from investment activities in Q1 2025 was 1,004,007,003.23 RMB, up from 548,538,219.00 RMB in the same period last year, resulting in a net cash flow of 865,292,357.63 RMB[34]. - The company raised 2,038,000,000.00 RMB from financing activities in Q1 2025, compared to 1,463,000,000.00 RMB in Q1 2024[35]. - The net cash flow from financing activities was -69,954,473.86 RMB in Q1 2025, slightly worse than -68,029,001.81 RMB in Q1 2024[35]. - The total operating cash inflow for Q1 2025 was 164,237,538.51 RMB, a decrease of 47.5% from 313,452,576.02 RMB in Q1 2024[34]. Assets and Liabilities - Total assets at the end of the reporting period were ¥19,112,199,675.89, a decrease of 1.71% from ¥19,445,688,020.19 at the end of the previous year[6]. - Total liabilities as of March 31, 2025, were CNY 8,920,826,724.30, a decrease from CNY 9,067,942,500.69 at the end of 2024, reflecting a decline of 1.6%[17]. - The company's total equity as of March 31, 2025, was CNY 10,191,372,951.59, down from CNY 10,377,745,519.50 at the end of 2024, representing a decrease of 1.8%[17]. - The total owner's equity decreased from CNY 9,115,783,339.39 on December 31, 2024, to CNY 8,923,946,398.44 on March 31, 2025, reflecting a decrease of about 2.1%[30]. - Total current liabilities decreased from CNY 4,099,275,072.70 on December 31, 2024, to CNY 3,286,115,456.18 on March 31, 2025, a reduction of about 19.8%[30]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 228,713[11]. - The largest shareholder, Shanghai Dazhong Public Utilities (Group) Co., Ltd., held 20.01% of the shares, totaling 473,186,074 shares[11]. Operational Performance - Total operating revenue for Q1 2025 was CNY 541,987,785.91, a decrease of 26.0% compared to CNY 733,759,573.70 in Q1 2024[20]. - The total revenue from operating activities decreased to ¥623,099,045.99 in Q1 2025, down from ¥833,237,814.67 in Q1 2024, representing a decline of approximately 25.2%[24]. - The company reported a significant decrease in sales revenue from goods and services, which was ¥540,413,388.23 in Q1 2025, down from ¥750,158,919.59 in Q1 2024, reflecting a decline of approximately 28%[24]. - Total operating costs for Q1 2025 amounted to CNY 544,961,590.89, a decrease of 19.9% from CNY 680,304,204.54 in Q1 2024[20]. Financial Expenses - The company incurred financial expenses of ¥41,986,169.57 in Q1 2025, slightly up from ¥41,491,440.14 in Q1 2024[21]. - Financial expenses for Q1 2025 were CNY 33,868,955.52, down from CNY 38,150,898.70 in Q1 2024, indicating a reduction of approximately 11.5%[33]. Other Comprehensive Losses - The company reported a significant increase in other comprehensive losses, amounting to CNY -99,663,740.89 in Q1 2025 compared to CNY -35,338,018.91 in Q1 2024, representing an increase of approximately 182.5%[33]. Research and Development - Research and development expenses were not explicitly detailed but are part of the overall operational costs, which included management expenses of CNY 18,711,771.63 in Q1 2025[32]. Accounting Standards - The company did not apply new accounting standards for the first time in 2025[36].