CRTC(SH:688459)2025-04-29 11:00Financial Performance - The company's operating revenue for Q1 2025 was ¥109,012,382.36, representing an increase of 8.03% compared to ¥100,908,023.23 in the same period last year[4] - The net profit attributable to shareholders was -¥1,528,063.13, a decrease of 142.11% from ¥3,628,518.64 in the previous year[4] - The basic earnings per share were -¥0.0032, down 142.11% from ¥0.0076 in the same period last year[4] - The total comprehensive income attributable to the parent company was -1,528,063.13 CNY, compared to 3,731,559.40 CNY in the previous year[18] - Net profit for Q1 2025 was a loss of ¥1,564,941.53, compared to a profit of ¥3,769,912.84 in Q1 2024[17] Cash Flow and Liquidity - The net cash flow from operating activities was ¥79,838,918.75, a significant improvement from -¥22,527,819.02 in the same period last year[4] - Cash received from sales of goods and services in Q1 2025 was 293,470,189.99 CNY, up from 242,287,857.70 CNY in Q1 2024, representing a growth of approximately 21.1%[19] - The total cash inflow from operating activities was 327,567,986.69 CNY in Q1 2025, compared to 256,988,158.78 CNY in Q1 2024, marking an increase of approximately 27.5%[19] - The total cash outflow from operating activities was 247,729,067.94 CNY in Q1 2025, down from 279,515,977.80 CNY in Q1 2024, reflecting a decrease of about 11.4%[19] - The company's cash and cash equivalents showed a significant decrease, impacting liquidity[15] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,151,493,489.43, a decrease of 2.33% from ¥4,250,384,062.74 at the end of the previous year[5] - Total liabilities decreased to ¥639,826,729.55 in Q1 2025 from ¥737,152,361.33 in Q1 2024, a reduction of 13.3%[14] - Accounts receivable decreased to ¥590,445,900.90 from ¥745,419,910.51, indicating a reduction of approximately 20.8%[12] - The company reported a decrease in accounts payable from ¥471,449,390.99 in Q1 2024 to ¥360,814,436.30 in Q1 2025, a decline of 23.5%[14] Research and Development - Research and development expenses totaled ¥15,763,982.92, which is 14.46% of operating revenue, up from 13.02% in the previous year[5] - Research and development expenses increased to ¥15,763,982.92 in Q1 2025, compared to ¥13,139,966.88 in Q1 2024, reflecting a growth of 19.9%[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,510[9] - The largest shareholder, China Railway Harbin Bureau Group Co., Ltd., holds 261,199,999 shares, representing 54.42% of total shares[10] - The second largest shareholder, CRRC (Beijing) Transformation Upgrade Fund Management Co., Ltd., holds 20,844,318 shares, accounting for 4.34%[10] - The total number of shares held by the top ten shareholders includes significant stakes from state-owned enterprises, indicating strong government backing[11] - There are no significant changes in the ownership structure of the top ten unrestricted shareholders, maintaining stability in shareholder composition[12] Future Outlook and Strategy - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[16] - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its offerings[16] - The company has not disclosed any new strategies or product developments during the reporting period[12] Other Financial Information - The company reported a non-recurring gain of ¥571,549.50 from government subsidies related to normal operations[6] - The financial statements for the quarter ending March 31, 2025, are unaudited, which may affect investor confidence[12] - The company will not apply new accounting standards starting from 2025, maintaining its current reporting practices[20]