GLCC(SH:600234)2025-04-29 11:53Financial Performance - The company's operating revenue for Q1 2025 reached ¥51,479,534.35, a significant increase of 1,268.95% compared to ¥3,760,514.75 in the same period last year[4] - The net profit attributable to shareholders of the listed company was ¥1,681,714.50, recovering from a loss of ¥7,348,741.69 in the previous year[4] - The basic earnings per share improved to ¥0.0064 from a loss of ¥0.03 in the same period last year[4] - The weighted average return on net assets increased by 2.09 percentage points to 0.36% compared to -1.73% in the previous year[4] - The net profit for Q1 2025 was ¥1,807,282.95, a turnaround from a net loss of ¥7,348,712.93 in Q1 2024[17] - The comprehensive income for Q1 2025 totaled ¥1,807,282.95, compared to a comprehensive loss of ¥7,348,712.93 in the same period last year[18] - Basic and diluted earnings per share for Q1 2025 were both ¥0.0064, recovering from a loss of ¥0.03 per share in Q1 2024[18] Cash Flow - The company reported a net cash flow from operating activities of -¥7,233,127.23, an improvement from -¥11,661,866.73 in the previous year[4] - Cash flow from operating activities in Q1 2025 was negative at -¥7,233,127.23, an improvement from -¥11,661,866.73 in Q1 2024[20] - Total cash inflow from operating activities was $85.24 million, while cash outflow was $99.36 million, resulting in a net cash outflow of $14.12 million[28] - The ending cash and cash equivalents balance decreased to $34.42 million from $55.94 million, reflecting a significant reduction in liquidity[28] - Cash paid for operating activities, including payments to employees and taxes, totaled $99.36 million, up from $37.07 million in the previous period[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥829,624,295.57, a decrease of 4.74% from ¥870,920,562.88 at the end of the previous year[5] - The company's current assets totaled RMB 391,105,797.54, down from RMB 431,294,065.10, indicating a decrease of about 9.30%[13] - Accounts receivable decreased from RMB 232,954,069.69 to RMB 207,588,016.03, a reduction of approximately 10.91%[12] - Inventory increased significantly from RMB 168,550.79 to RMB 1,034,117.18, representing a growth of approximately 514.36%[13] - Total liabilities decreased from RMB 382,792,395.18 to RMB 339,688,844.92, a decline of about 11.26%[14] - The company's cash and cash equivalents decreased from RMB 61,110,222.74 to RMB 50,770,846.28, a drop of approximately 17.00%[12] - The company's non-current assets totaled RMB 438,518,498.03, slightly down from RMB 439,626,497.78, a decrease of about 0.25%[13] - The total equity attributable to the parent company increased from RMB 468,915,809.98 to RMB 470,597,524.47, a rise of approximately 0.36%[14] - The company's total liabilities decreased to CNY 124,645,879.02 as of March 31, 2025, from CNY 126,010,173.09 as of December 31, 2024, a reduction of 1.1%[23] Operational Highlights - Prepayments increased by 81.94%, primarily due to higher advance payments to suppliers for internet advertising marketing services[7] - Contract liabilities rose by 35.66%, mainly due to increased advance payments from customers in the internet advertising marketing business[7] - The company recognized government subsidies amounting to ¥7,446.42, which are closely related to its normal business operations[6] - The company plans to continue expanding its construction engineering business, which has shown significant growth compared to the previous year[7] Shareholder Information - The company reported no significant changes in the top 10 shareholders or their shareholding status during the reporting period[11] Future Outlook - The company is set to implement new accounting standards starting in 2025, which may impact future financial reporting[29]