SUNYARD(SH:600571)2025-04-29 09:40Financial Performance - The company's operating revenue for Q1 2025 was CNY 402,248,316.08, representing a year-on-year increase of 5.61% compared to CNY 380,869,662.58 in the same period last year[4] - The net loss attributable to shareholders was CNY -49,812,723.63, slightly worsening from CNY -49,001,541.01 in the previous year[4] - Net profit for Q1 2025 was a loss of ¥54,770,567.73, compared to a loss of ¥51,682,185.07 in Q1 2024, indicating a decline in profitability[20] - The total comprehensive income for Q1 2025 was a loss of ¥54,770,567.73, compared to a loss of ¥51,682,185.07 in Q1 2024[20] - The company's weighted average return on equity was -4.24%, a slight decrease of 0.08 percentage points from -4.16%[5] Cash Flow and Liquidity - The net cash flow from operating activities was CNY -267,664,870.78, compared to CNY -256,591,225.35 in the same period last year[4] - The net cash flow from operating activities for Q1 2025 was -¥267,664,870.78, slightly worse than -¥256,591,225.35 in Q1 2024[23] - Cash and cash equivalents at the end of Q1 2025 stood at ¥93,569,320.45, compared to ¥74,300,665.16 at the end of Q1 2024, showing an increase of 26.0%[24] Assets and Liabilities - Total assets decreased by 7.08% to CNY 1,694,227,864.60 from CNY 1,823,286,534.50 at the end of the previous year[5] - As of March 31, 2025, the total current assets amounted to RMB 1,217,305,625.88, a decrease of 11% from RMB 1,367,570,675.28 on December 31, 2024[14] - The total liabilities decreased to RMB 425,280,340.49 from RMB 499,619,665.89, indicating a reduction of approximately 15%[16] - The total equity attributable to shareholders decreased to RMB 1,149,305,611.75 from RMB 1,199,118,335.38, a decline of about 4%[16] - The company's cash and cash equivalents decreased to RMB 120,833,929.26 from RMB 187,710,696.87, representing a decline of approximately 36%[14] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 59,329[10] - The largest shareholder, Hangzhou Xinyada Electronics Co., Ltd., held 16.7% of the shares, totaling 78,106,065 shares[11] Operational Metrics - The company reported a significant increase in prepayments by 127.10%, indicating a rise in advance payments for goods[8] - The company reported a significant increase in prepayments, which rose to RMB 58,565,355.47 from RMB 25,788,474.75, reflecting a growth of approximately 127%[14] - The company experienced a 2873.04% increase in construction in progress, attributed to office renovation expenses[8] - The company recorded a 55580.27% increase in goodwill due to the acquisition of Jinke Lianzhi[8] - The company's inventory increased to RMB 126,723,043.69 from RMB 99,960,041.91, marking a rise of approximately 27%[14] - Accounts receivable increased to RMB 274,056,721.41 from RMB 228,526,151.07, reflecting a growth of about 20%[14] - Non-current assets totaled RMB 476,922,238.72, an increase from RMB 455,715,859.22, showing a growth of about 5%[15] Costs and Expenses - Total operating costs for Q1 2025 were ¥457,659,000.64, up from ¥428,030,040.02 in Q1 2024, reflecting a year-over-year increase of 6.0%[19] - Research and development expenses for Q1 2025 were ¥49,849,508.56, down 19.3% from ¥61,773,343.18 in Q1 2024[19] Financing Activities - The company reported a total investment cash inflow of ¥552,268,578.48 in Q1 2025, compared to ¥528,383,856.04 in Q1 2024, marking a 4.5% increase[24] - The company incurred a total financing cash inflow of ¥45,000,000.00 in Q1 2025, with no financing cash inflow reported in Q1 2024[24] Borrowings - The company's short-term borrowings rose to RMB 44,808,055.56 from RMB 20,315,726.79, indicating an increase of approximately 121%[16]