Kersen(SH:603626)2025-04-29 09:00Financial Performance - The company's operating revenue for Q1 2025 was ¥691,048,480.64, a decrease of 9.59% compared to ¥764,358,427.34 in the same period last year[4]. - The net profit attributable to shareholders was -¥93,385,351.77, compared to -¥70,990,258.37 in the previous year, indicating a worsening performance[4]. - The basic and diluted earnings per share were both -¥0.17, compared to -¥0.13 in the same period last year[4]. - The company reported a net loss of RMB 223,794,180.34 for the period, compared to a loss of RMB 130,408,828.57 in the previous period, indicating a worsening of approximately 71.5%[14]. - The total comprehensive loss for Q1 2025 was ¥94,290,823.33, compared to a loss of ¥72,889,279.98 in Q1 2024, reflecting a worsening financial position[18]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥23,470,983.11, an improvement from -¥37,158,495.23 in the previous year[4]. - Cash flow from operating activities for Q1 2025 was a net outflow of ¥23,470,983.11, an improvement from a net outflow of ¥37,158,495.23 in Q1 2024[22]. - The company raised ¥322,500,000.00 in borrowings during Q1 2025, compared to ¥170,000,000.00 in Q1 2024, indicating a significant increase in financing activities[23]. - Cash and cash equivalents at the end of Q1 2025 totaled ¥331,787,417.40, down from ¥355,639,074.08 at the end of Q1 2024[23]. - The company's cash and cash equivalents were RMB 370,005,584.32, down from RMB 385,710,196.80, indicating a decrease of about 8.8%[12]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,419,031,812.05, a decrease of 2.44% from ¥5,554,807,122.62 at the end of the previous year[5]. - As of March 31, 2025, the total assets amounted to RMB 5,419,031,812.05, a decrease from RMB 5,554,807,122.62 as of December 31, 2024, reflecting a decline of approximately 2.43%[12][15]. - The total liabilities were RMB 3,258,866,282.14, down from RMB 3,300,350,769.38, indicating a decrease of approximately 1.3%[14]. - Current liabilities totaled RMB 2,621,537,310.09, a slight decrease from RMB 2,675,249,640.80, reflecting a decline of about 2.0%[14]. - The equity attributable to shareholders decreased by 4.18% to ¥2,160,165,529.91 from ¥2,254,456,353.24 at the end of the previous year[5]. Operational Metrics - The company reported a decrease in new product technology development revenue and a decline in gross margin for structural components[7]. - Research and development expenses increased to ¥50,169,873.00 in Q1 2025, up 10.5% from ¥45,385,868.24 in Q1 2024[17]. - Total operating costs for Q1 2025 were ¥792,871,293.85, down 6.2% from ¥845,298,269.26 in Q1 2024[17]. - The weighted average return on net assets was -4.23%, compared to -2.55% in the previous year[5]. - The company expects an increase in sales in the second half of 2024, which may improve cash flow from operating activities[7]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 83,286[8]. - The company has not reported any significant changes in major shareholders or their shareholdings during the reporting period[11]. - There are no new strategies or product developments mentioned in the current report[11].