Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,195,587, a decrease of 30.64% compared to CNY 1,723,183 in the same period last year[6] - Net profit attributable to shareholders for the same period was CNY 294,942, a significant decline from CNY 888,760 in the previous year[6] - The net cash flow from operating activities was negative CNY 21,458, indicating a decrease from positive CNY 308,131 in the previous year[6] - Basic and diluted earnings per share were both CNY -0.09, down from CNY -0.05 in the previous year[6] - The total comprehensive income attributable to the parent company for Q1 2025 was -294,942,888 RMB, compared to -173,760,528 RMB in Q1 2024[38] - The net profit for Q1 2025 was -312,347,004 RMB, compared to -223,170,760 RMB in Q1 2024, indicating a deeper loss year-over-year[35] - The operating profit for the period was -296,549,610 RMB, worsening from -171,656,846 RMB in the previous year[34] Assets and Liabilities - Total assets at the end of the reporting period were CNY 47,303,151, a decrease of 3.15% from CNY 48,841,884 at the end of the previous year[8] - Total liabilities as of March 31, 2025, were CNY 35,848,687,672, compared to CNY 37,074,445,175 as of December 31, 2024[28] - Total current liabilities were reported at 16,347,157,710 RMB as of March 31, 2025, an increase from 13,963,410,640 RMB at the end of December 2024, indicating a rise of about 17%[48] - The total assets as of March 31, 2025, were CNY 47,303,151,514, compared to CNY 48,841,884,791 as of December 31, 2024[30] - Current liabilities totaled CNY 18,940,982,161 as of March 31, 2025, an increase from CNY 16,251,327,379 as of December 31, 2024[27] Shareholder Information - Equity attributable to shareholders was CNY 9,404,199, a decrease of 3.04% from CNY 9,699,142 at the end of the previous year[8] - The largest shareholder, Beijing Beichen Industrial Group Co., Ltd., holds 1,174,169,731 shares, representing 34.87% of the total shares[15] - The second largest shareholder, HKSCC Nominees Limited, holds 691,318,399 shares, accounting for 20.53% of the total shares[15] Revenue and Sales - The company achieved a sales area of 91,300 square meters, a year-on-year increase of 101.10%[23] - The sales amount reached RMB 1.053 billion, reflecting a year-on-year increase of 63.51%[23] - The company's operating revenue for Q1 2025 reached RMB 453,589,667, an increase from RMB 394,916,593 in Q1 2024, representing a growth of approximately 14.8%[52] - Operating profit for Q1 2025 was RMB 120,927,923, compared to RMB 84,962,738 in Q1 2024, indicating a year-over-year increase of about 42.3%[53] - Net profit for Q1 2025 was RMB 90,433,586, up from RMB 64,066,759 in Q1 2024, reflecting a growth of approximately 41.2%[54] Cash Flow - Cash inflow from investment activities totaled 27,596,268 RMB in Q1 2025, down from 33,550,397 RMB in Q1 2024[44] - The company reported a significant increase in cash received from sales of goods and services, amounting to 1,592,123,152 RMB in Q1 2025, compared to 1,144,473,545 RMB in Q1 2024[42] - The company incurred operating expenses of 1,795,039,110 RMB in Q1 2025, slightly lower than 1,921,272,502 RMB in Q1 2024[43] - The ending cash and cash equivalents balance decreased to RMB 4,629,097,525 from RMB 5,653,976,506 in Q1 2024, reflecting a decline of 18.1%[61] Research and Development - Research and development expenses for Q1 2025 amounted to CNY 1,441,180, while there were no R&D expenses reported in Q1 2024[33] - Research and development expenses for Q1 2025 were RMB 131,812,923, compared to RMB 141,492,441 in Q1 2024, showing a decrease of about 6.8%[52] Future Plans - The company plans to expand its market presence and invest in new product development to drive future growth[51] - The company aims to enhance its operational efficiency and explore potential mergers and acquisitions to strengthen its market position[51]
北京北辰实业股份(00588) - 2025 Q1 - 季度业绩