Routon(SH:600355)2025-04-29 11:58Financial Performance - The company's operating revenue for Q1 2025 was ¥18,961,828.13, a decrease of 35.91% compared to ¥29,586,540.10 in the same period last year[4] - The net profit attributable to shareholders was -¥9,783,550.69, compared to -¥9,219,474.23 in the previous year, indicating continued losses[4] - Net profit for Q1 2025 was a loss of ¥9,783,550.69, compared to a loss of ¥9,219,474.23 in Q1 2024, reflecting a 6.1% increase in losses[21] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥1,110,268.57, a significant turnaround from -¥325,745.01 in the same period last year[4] - Cash flow from operating activities for Q1 2025 was ¥1,110,268.57, a significant improvement from a negative cash flow of ¥325,745.01 in Q1 2024[24] - The company experienced a net cash increase of ¥663,159.26 in Q1 2025, contrasting with a decrease of ¥675,883.74 in Q1 2024[25] - Cash and cash equivalents at the end of Q1 2025 totaled ¥36,827,623.06, compared to ¥39,642,022.30 at the end of Q1 2024[25] Assets and Liabilities - Total assets decreased by 6.81% to ¥238,430,279.51 from ¥255,844,146.74 at the end of the previous year[5] - The company's total liabilities decreased to CNY 116,900,792.04 from CNY 124,531,108.58, reflecting a reduction of about 6.1%[16] - The total current assets as of March 31, 2025, were CNY 96,098,970.02, down from CNY 110,791,356.25, indicating a decrease of approximately 13.3%[14] - The company's cash and cash equivalents stood at CNY 37,632,824.41, a decline from CNY 39,713,282.15, which is a decrease of about 5.5%[14] Receivables and Impairments - The company reported a 68.84% decrease in notes receivable, primarily due to a reduction in bank acceptance notes received from sales[7] - Accounts receivable decreased by 32.06%, reflecting the decline in operating revenue[7] - Accounts receivable decreased significantly to CNY 6,526,394.21 from CNY 9,605,523.43, representing a drop of approximately 32.5%[14] - The company reported a 478.00% increase in asset impairment losses, mainly due to a higher reversal of inventory impairment compared to the previous year[7] Equity and Shareholder Information - The total equity attributable to the parent company decreased to CNY 122,715,519.96 from CNY 132,499,070.65, indicating a decline of approximately 7.4%[16] - The company has not reported any significant changes in shareholder structure or major new strategies during the reporting period[11] Operating Costs and Expenses - Total operating costs for Q1 2025 were ¥27,858,766.73, down 26.1% from ¥37,602,155.45 in Q1 2024[20] - Financial expenses increased by 35.80%, attributed to higher interest expenses from increased loans compared to the previous year[7] - Research and development expenses for Q1 2025 were ¥6,148,019.69, slightly down from ¥6,519,869.54 in Q1 2024[20] Other Financial Metrics - The weighted average return on net assets was -7.74%, down from -5.46% in the previous year[4] - The company incurred investment losses of ¥718,572.78 in Q1 2025, an improvement from losses of ¥1,301,757.48 in Q1 2024[20] - The company reported a basic and diluted earnings per share of -¥0.02 for both Q1 2025 and Q1 2024[21] - The company reported a net loss of CNY -562,032,954.56 as of March 31, 2025, compared to a loss of CNY -552,249,403.87 at the end of 2024[16]