Der(SZ:002631)2025-04-29 11:15Financial Performance - The company's operating revenue for Q1 2025 was ¥194,346,886.95, a decrease of 23.86% compared to ¥255,260,613.03 in the same period last year[5] - The net profit attributable to shareholders was -¥32,502,833.14, representing a decline of 51.09% from -¥21,512,730.42 year-over-year[5] - The net cash flow from operating activities was -¥110,301,831.19, a decrease of 65.63% compared to -¥66,595,477.24 in the previous year[5] - The company's basic earnings per share were -¥0.0408, a decrease of 24.77% from -¥0.0327 in the same period last year[5] - Total operating revenue decreased to ¥194,346,886.95 from ¥255,260,613.03, representing a decline of approximately 23.9% year-over-year[22] - Net profit for the period was a loss of ¥32,310,104.43, compared to a loss of ¥21,441,493.33 in the previous period, indicating a worsening of approximately 50.5%[23] - Operating cash inflow from sales was ¥178,735,177.52, down from ¥273,202,473.82, a decrease of about 34.7% year-over-year[25] - The company's total liabilities decreased to ¥1,309,189,563.77 from ¥1,478,858,872.99, a reduction of about 11.5%[20] - The company reported a basic and diluted earnings per share of -0.0408, compared to -0.0327 in the previous period, indicating a decrease in earnings performance[24] Asset and Equity Changes - Total assets at the end of the reporting period were ¥3,540,377,195.85, down 5.40% from ¥3,742,356,609.49 at the end of the previous year[5] - The total equity attributable to shareholders decreased by 1.44% to ¥2,225,573,407.31 from ¥2,258,076,240.45 at the end of the previous year[5] - Cash and cash equivalents decreased from RMB 967,956,463.37 to RMB 485,452,922.16, a decline of approximately 50%[19] - The total assets decreased from RMB 3,742,356,609.49 to RMB 3,540,377,195.85, reflecting a reduction of about 5.4%[19] - The total current liabilities decreased from RMB 350,207,045.55 to RMB 300,540,957.21, a decrease of approximately 14.2%[19] - Total equity attributable to shareholders decreased to ¥2,225,573,407.31 from ¥2,258,076,240.45, a decline of approximately 1.4%[20] Cash Flow and Financing Activities - The net cash flow from operating activities was -$110.30 million, compared to -$66.60 million in the previous period, indicating a decline in operational cash generation[26] - The total cash inflow from investment activities was $2.41 billion, up from $1.48 billion, while cash outflow for investment activities increased to $2.71 billion from $1.82 billion, resulting in a net cash flow from investment activities of -$296.13 million[26] - Cash inflow from financing activities was $30.00 million, a decrease from $190.00 million, while cash outflow increased to $6.04 million from $337.55 million, leading to a net cash flow from financing activities of $23.96 million[26] - The net increase in cash and cash equivalents was -$382.47 million, compared to -$553.17 million in the previous period, reflecting an improvement in cash management[26] - The ending balance of cash and cash equivalents was $437.22 million, down from $644.46 million, indicating a significant reduction in liquidity[26] Expenses and Management - Management expenses increased by 52.04% year-over-year, primarily due to increased employee severance benefits[8] - Financial expenses decreased by 94.99% year-over-year, as the convertible bonds were redeemed in 2024, eliminating the need to accrue interest[8] - The company’s research and development expenses were ¥6,291,385.13, slightly down from ¥7,008,262.76, a decrease of about 10.2% year-over-year[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 44,149[14] - The largest shareholder, Del Group Limited, holds 44.76% of shares, amounting to 356,831,040 shares, with 150,000,000 shares pledged[14] - The company has repurchased 23,986,002 shares for a total amount of RMB 111,466,132.02, intended for the conversion of issued convertible bonds[16] - The company has not disclosed any related party relationships or concerted actions among the top shareholders[15] Future Outlook and Strategic Focus - The company is focused on improving cash flow management and reducing operational losses in the upcoming quarters[26] - There were no significant new product launches or technological advancements mentioned during the call, indicating a potential area for future growth[26] - The company is exploring market expansion opportunities, although specific strategies were not detailed in the report[26] - The company has not yet adopted the new accounting standards that will take effect in 2025, which may impact future financial reporting[27] - The first quarter report was not audited, which may affect the reliability of the financial data presented[27] Receivables and Asset Management - The company reported a 100% increase in receivables financing compared to the previous period, attributed to an increase in bank acceptance bills received[10] - The company experienced a 5825.20% increase in cash recovered from the disposal of fixed assets, intangible assets, and other long-term assets, due to gains from the sale of idle assets[12] - The inventory balance decreased from RMB 636,169,436.88 to RMB 616,897,288.23, a decline of approximately 3%[19] - The company has a total of RMB 287,357,288.50 in debt investments, down from RMB 423,205,982.93, a decrease of about 32%[19]