SMTC(SH:600822)2025-04-29 08:23Financial Performance - The company's operating revenue for Q1 2025 was ¥472,353,020.25, a decrease of 45.21% compared to ¥862,171,419.26 in the same period last year[4] - Net profit attributable to shareholders increased by 30.58% to ¥6,742,079.94 from ¥5,163,335.40 year-on-year[4] - Basic earnings per share rose by 30.77% to ¥0.0136 from ¥0.0104 year-on-year[5] - The net profit excluding non-recurring gains and losses decreased by 33.97% to ¥2,853,967.45 from ¥4,322,405.24 year-on-year[4] - The company reported a net loss of ¥-1,125,433,028.05 as of March 31, 2025, compared to ¥-1,132,175,107.99 at the end of 2024[15] - The company reported a total profit of ¥7.40 million in Q1 2025, an increase of 22.0% from ¥6.06 million in Q1 2024[19] - Net profit for Q1 2025 increased to ¥4.55 million, compared to ¥2.69 million in Q1 2024, representing a growth of 69.5%[19] Cash Flow - The net cash flow from operating activities was negative at -¥57,585,586.32, a decline of 123.12% compared to ¥249,124,014.82 in the previous year[4] - The company reported a net cash outflow from operating activities of ¥57.59 million in Q1 2025, compared to a net inflow of ¥249.12 million in Q1 2024[20] - Cash inflows from operating activities totaled CNY 6,801,954.00, down from CNY 9,379,575.34 in Q1 2024, indicating a decline of about 27.00%[31] - The net cash flow from operating activities was $2,341,914.05, an increase from $643,956.05 in the previous period[32] - The net cash flow from investing activities was $5,101,632.55, down from $7,951,263.39[32] - The net cash flow from financing activities increased to $97,735,702.36 from $67,765,158.55[32] Assets and Liabilities - Total assets decreased by 8.76% to ¥1,854,853,698.77 from ¥2,033,024,195.26 at the end of the previous year[5] - As of March 31, 2025, the total current assets amounted to ¥1,468,314,775.24, a decrease of 9.95% from ¥1,630,837,432.80 on December 31, 2024[13][14] - Total liabilities decreased to ¥622,240,307.75 from ¥804,421,288.31, a reduction of 22.6%[15] - The total liabilities increased to CNY 244,271,591.87 from CNY 146,604,016.46, marking an increase of approximately 66.67%[25] - The total equity attributable to shareholders increased slightly to ¥1,211,955,383.02 from ¥1,205,758,712.82, reflecting a growth of 0.19%[15] - The company's total equity remained relatively stable at CNY 980,605,663.50, compared to CNY 980,428,600.71 in the previous year[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,883, with 32,010 holding A shares and 11,873 holding B shares[10] - The company has no significant changes in shareholder relationships or actions among the top 10 shareholders[12] Operational Metrics - The significant decline in operating revenue was primarily attributed to a substantial decrease in automobile sales[8] - Total operating costs for Q1 2025 were ¥470.48 million, down 45.2% from ¥859.80 million in Q1 2024[18] - The company achieved an operating profit of ¥3.85 million in Q1 2025, down from ¥5.49 million in Q1 2024, reflecting a decline of 30.0%[19] - Operating profit for Q1 2025 was CNY 279,111.08, compared to an operating loss of CNY 1,906,120.31 in the same period last year[27] Government Support - The company received government subsidies amounting to ¥3,215,260.01, contributing to the increase in net profit[6] Changes in Assets - Cash and cash equivalents decreased to ¥1,034,607,769.59 from ¥1,145,305,018.71, reflecting a decline of 9.67%[13][14] - Accounts receivable decreased to ¥28,270,117.35 from ¥32,892,475.49, a reduction of 13.93%[13][14] - Inventory decreased to ¥202,426,933.75 from ¥234,936,861.94, showing a decline of 13.83%[13][14] - Non-current assets totaled ¥386,538,923.53, a decrease from ¥402,186,762.46, indicating a decline of 3.87%[14] - The total assets decreased to ¥1,854,853,698.77 from ¥2,033,024,195.26, a decline of 8.79%[14] Future Plans - The company plans to implement new accounting standards starting in 2025[32]