SXBN(SH:600831)2025-04-29 08:50Financial Performance - The company's operating revenue for Q1 2025 was CNY 350,646,630.28, a decrease of 14.53% compared to CNY 410,266,221.60 in the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 148,131,739.92, worsening from a loss of CNY 93,166,659.67 year-on-year[4] - The net loss for Q1 2025 was CNY 148,741,393.08, compared to a net loss of CNY 94,550,340.48 in Q1 2024, indicating a worsening of 57.3%[17] - The company's total comprehensive income for Q1 2025 was a loss of ¥150,241,093.49, compared to a loss of ¥71,738,217.67 in Q1 2024, indicating a worsening financial position[27] Cash Flow - The net cash flow from operating activities increased by 48.06% to CNY 3,119,580.71, up from CNY 2,107,010.01 in the previous year[4] - The company's cash flow from operating activities in Q1 2025 was CNY 345,353,801.82, down from CNY 374,636,447.74 in Q1 2024, a decline of 7.8%[20] - Cash inflow from operating activities totaled 362,214,787.96 RMB, while cash outflow was 359,095,207.25 RMB, resulting in a net increase[21] - The company reported a net cash flow from financing activities of 133,799,716.16 RMB, up from 97,511,843.18 RMB in the previous period[23] - The net cash outflow from investing activities was -65,573,501.95 RMB, compared to -169,400,568.31 RMB in the previous period[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,795,801,165.31, a slight increase of 0.38% from CNY 10,754,607,475.14 at the end of the previous year[5] - The total liabilities increased to CNY 8,879,098,874.88 in Q1 2025 from CNY 8,689,163,791.63 in Q1 2024, representing an increase of 2.2%[13] - Long-term borrowings rose to CNY 3,870,491,068.51 in Q1 2025, up from CNY 3,404,756,222.51 in Q1 2024, an increase of 13.7%[13] - The total non-current assets decreased to CNY 6,776,159,934.71 in Q1 2025 from CNY 6,905,809,288.73 in Q1 2024, a decline of 1.9%[12] - The equity attributable to shareholders decreased by 7.14% to CNY 1,925,221,283.46 from CNY 2,073,353,023.38 at the end of the previous year[5] Investment and Income - The company reported non-recurring gains and losses totaling CNY 8,627,276.90, primarily from government subsidies and debt restructuring gains[6] - The company reported an investment income of CNY 6,873,656.57 in Q1 2025, contrasting with a loss in the previous year, showcasing a positive shift in investment performance[17] - The company incurred financial expenses of ¥61,103,752.50 in Q1 2025, compared to ¥55,852,152.05 in Q1 2024, marking an increase of 9.0%[26] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 38,045, with the largest shareholder holding 29.20% of the shares[9] - The basic and diluted earnings per share for Q1 2025 were both CNY -0.208, compared to CNY -0.131 in Q1 2024, indicating a decrease in earnings performance[18] Operating Costs - Total operating costs for Q1 2025 were CNY 482,344,444.66, down from CNY 528,295,365.90 in Q1 2024, reflecting a reduction of 8.7%[17] - The total operating expenses for Q1 2025 were ¥420,007,315.53, up from ¥362,701,000.42 in Q1 2024, reflecting a rise of 15.8%[26] - The company’s sales expenses rose to ¥21,535,208.44 in Q1 2025, a significant increase of 82.5% from ¥11,816,430.05 in Q1 2024[26]