SMEG(SH:600689)2025-04-29 08:50Financial Performance - The company's operating revenue for Q1 2025 was CNY 367,088,822.33, representing a 50.66% increase compared to CNY 243,658,191.93 in the same period last year[3]. - The net profit attributable to shareholders decreased by 26.59% to CNY 3,762,142.11 from CNY 5,124,733.31 year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,212,182.07, down 27.55% from CNY 3,053,424.58 in the previous year[3]. - The basic earnings per share decreased by 26.92% to CNY 0.019 from CNY 0.026 year-on-year[3]. - The weighted average return on equity was 0.81%, down 0.34 percentage points from 1.15% in the previous year[3]. - Total operating revenue for Q1 2025 reached ¥367,088,822.33, a significant increase from ¥243,658,191.93 in Q1 2024, representing a growth of approximately 50.7%[18]. - Net profit for Q1 2025 was ¥3,762,142.34, down from ¥5,125,732.47 in Q1 2024, reflecting a decrease of approximately 26.6%[19]. - The total comprehensive income for Q1 2025 was ¥3,762,142.34, compared to ¥5,125,732.47 in Q1 2024, reflecting a decline of approximately 26.6%[20]. - The company reported a total profit of ¥4,144,501.15 for Q1 2025, down from ¥5,631,187.78 in Q1 2024, indicating a decrease of about 26.4%[19]. Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -11,064,650.85, an improvement from CNY -30,555,823.46 in the same period last year[3]. - Cash and cash equivalents at the end of Q1 2025 totaled ¥84,400,837.57, down from ¥108,932,084.32 at the end of Q1 2024[24]. - The cash flow from operating activities for Q1 2025 was CNY 19.77 million, significantly lower than CNY 132.62 million in Q1 2024, indicating a decrease of approximately 85.1%[33]. - The company's cash and cash equivalents decreased to CNY 84,400,837.57 from CNY 122,723,352.96, a decline of approximately 31%[13]. - The total current assets increased to CNY 211.32 million as of March 31, 2025, compared to CNY 186.75 million as of December 31, 2024, marking an increase of about 13.1%[26]. - The total current liabilities rose to CNY 46.93 million as of March 31, 2025, compared to CNY 25.35 million as of December 31, 2024, representing an increase of approximately 84.9%[27]. - The total assets at the end of the reporting period reached CNY 1,015,571,499.93, an increase of 11.77% from CNY 908,646,170.78 at the end of the previous year[3]. - Current assets rose to CNY 743,270,076.67, compared to CNY 645,091,096.98 at the end of 2024, marking an increase of about 15.2%[13]. - The total liabilities increased to CNY 550,439,178.97 from CNY 447,275,992.16, indicating a rise of about 23%[15]. - The total non-current assets slightly decreased to CNY 298.55 million as of March 31, 2025, from CNY 299.41 million as of December 31, 2024[27]. Shareholder Information - The company reported a total of 22,657 common shareholders at the end of the reporting period[6]. - The equity attributable to shareholders was CNY 465,396,024.38, showing a slight increase of 0.81% from CNY 461,633,882.27 at the end of the last year[3]. - The company's equity attributable to shareholders rose to CNY 465,396,024.38, compared to CNY 461,633,882.27, showing a slight increase of approximately 0.6%[15]. Corporate Actions - The company plans to apply for bankruptcy liquidation for its subsidiary, Shanghai Yitiao Textile Co., Ltd., due to long-term operational inactivity and insolvency[11]. - The company has terminated the absorption merger of its wholly-owned subsidiary, Shanghai Jiayi Venture Capital Co., Ltd., and will proceed with bankruptcy liquidation instead[11]. - The company received a decision from the State Administration for Market Regulation not to conduct further antitrust review on the acquisition of equity in Mechatronics Group by Yufu Holdings[11]. - The company will continue to monitor the developments regarding the changes in the shareholding structure of its controlling shareholder and fulfill its information disclosure obligations in a timely manner[11]. Investment Activities - Investment activities generated a net cash flow of -¥27,588,521.65 in Q1 2025, an improvement from -¥93,706,474.60 in Q1 2024[23]. - The cash inflow from investment activities for Q1 2025 was CNY 111.54 million, compared to CNY 91.25 million in Q1 2024, indicating an increase of approximately 22.2%[33]. - The company reported investment income of CNY 1.56 million for Q1 2025, slightly up from CNY 1.54 million in Q1 2024[30]. - Cash inflow from investment activities totaled $196,573,300.35, an increase from $91,440,065.71 in the previous period[34]. - Cash outflow from investment activities amounted to $228,235,000.00, compared to $185,250,326.00 previously[34]. - Net cash flow from investment activities was -$31,661,699.65, improving from -$93,810,260.29[34].