江山欧派(603208) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was ¥402,077,964.46, a decrease of 35.82% compared to ¥626,490,759.87 in the same period last year[2] - Net profit attributable to shareholders was ¥3,460,852.47, down 87.98% from ¥28,788,734.07 year-on-year[2] - Basic and diluted earnings per share were both ¥0.02, reflecting a decline of 87.50% compared to ¥0.16 in the previous year[2] - The company reported a net loss of CNY 15,385,568.42 for Q1 2025, compared to a profit in Q1 2024[23] - Operating profit for Q1 2025 was CNY 4,534,526.74, down from CNY 31,982,517.72 in the same period last year, reflecting a decline of 85.83%[24] - The company reported a total profit of CNY 5,510,939.18 in Q1 2025, a decrease of 83.24% from CNY 32,936,196.97 in Q1 2024[24] Cash Flow and Liquidity - The net cash flow from operating activities was -¥100,408,623.42, an improvement from -¥207,361,250.90 in the same period last year[2] - Cash and cash equivalents decreased to CNY 481,595,269.58 as of March 31, 2025, down 29.3% from CNY 681,429,219.64 at the end of 2024[18] - Total cash and cash equivalents at the end of Q1 2025 were CNY 413,657,658.46, down from CNY 787,549,441.30 at the end of Q1 2024[27] - The company reported cash inflow from investment activities of CNY 952,402,503.01, while cash outflow was CNY 1,006,419,518.54, resulting in a net cash outflow of CNY -54,017,015.53[27] - The company experienced a cash outflow from financing activities of CNY -25,222,964.22 in Q1 2025, compared to CNY -39,201,878.76 in Q1 2024[27] Assets and Liabilities - Total assets decreased by 8.16% to ¥3,437,022,268.09 from ¥3,742,524,202.62 at the end of the previous year[3] - Total current assets amounted to CNY 1,792,185,917.10, a decline of 13.3% from CNY 2,068,431,217.95 at the end of 2024[19] - Total liabilities decreased to CNY 2,121,041,839.25, down 12.7% from CNY 2,430,004,626.25 at the end of 2024[20] - Non-current assets totaled CNY 1,644,836,350.99, a slight decrease from CNY 1,674,092,984.67 at the end of 2024[19] Operational Efficiency and Strategy - The company reported a significant decrease in operating income due to market downturns, impacting gross margins and overall profitability[5] - The company plans to focus on improving operational efficiency and exploring new market opportunities to counteract the current downturn[5] Shareholder Information - As of March 31, 2025, the total number of shares held by the top 10 shareholders is 143,000,000, accounting for 81.73% of the company's total share capital[8] - The company has repurchased 1,293,578 shares, representing 0.73% of the total share capital as of March 31, 2025[9] Financial Instruments and Guarantees - The company has provided guarantees totaling 83,830 million RMB to its subsidiaries, with the highest guarantee of 41,800 million RMB to 欧派木制品公司[11] - The company plans to engage in non-recourse accounts receivable factoring with a total amount not exceeding 200,000 million RMB for 2024[12] - As of March 31, 2025, the company has conducted non-recourse accounts receivable factoring with a principal amount of 2,092.18 million RMB and incurred factoring fees of 55.65 million RMB[12] - The company issued 5.83 billion RMB of convertible bonds in 2021, with a conversion period from December 20, 2021, to June 10, 2027[13] - As of March 31, 2025, 464,000 RMB of convertible bonds have been converted into shares, totaling 4,964 shares[14] - The outstanding amount of convertible bonds not yet converted is 582,536,000 RMB, accounting for 99.9204% of the total issuance[15] Cost and Revenue Analysis - Total operating revenue for Q1 2025 was CNY 402,077,964.46, a decrease of 35.9% compared to CNY 626,490,759.87 in Q1 2024[23] - Total operating costs for Q1 2025 were CNY 417,463,533.88, down 30.5% from CNY 601,071,393.99 in Q1 2024[23] - Gross profit margin for Q1 2025 was approximately -3.4%, compared to a positive margin in Q1 2024[23] - The company’s revenue from sales of goods and services in Q1 2025 was CNY 478,322,472.01, a decrease of 28.29% from CNY 666,777,291.22 in Q1 2024[26] - The company incurred a total tax expense of CNY 2,050,086.71 in Q1 2025, compared to CNY 4,756,610.84 in Q1 2024[24]