HIKING(SH:600735)2025-04-29 12:23Financial Performance - The company's operating revenue for Q1 2025 was CNY 373,005,968.81, a decrease of 20.70% compared to CNY 470,350,786.65 in the same period last year[3] - Net profit attributable to shareholders was CNY 6,299,795.18, down 14.35% from CNY 7,355,008.97 year-on-year[3] - Basic and diluted earnings per share were both CNY 0.0147, representing a decrease of 14.53% from CNY 0.0172 in the same period last year[3] - The company's net profit for Q1 2025 was CNY 11,701,076.06, a decrease of 38.5% compared to CNY 19,127,889.08 in Q1 2024[16] - The company’s total comprehensive income for Q1 2025 was CNY 10,486,738.67, down 44.8% from CNY 19,014,866.77 in Q1 2024[17] - Total revenue from operating activities in Q1 2025 was CNY 406,364,796.77, down 23.6% from CNY 532,426,209.73 in Q1 2024[18] - The company reported a decrease in sales revenue from goods and services, totaling CNY 381,121,228.81 in Q1 2025, down from CNY 466,327,537.08 in Q1 2024[18] Cash Flow and Assets - The net cash flow from operating activities was CNY 65,165,685.09, a decline of 15.19% compared to CNY 76,841,307.73 in the previous year[3] - Cash and cash equivalents decreased to CNY 319,948,098.42 as of March 31, 2025, from CNY 640,694,957.91 as of December 31, 2024, representing a decline of 50%[11] - Cash and cash equivalents at the end of Q1 2025 were CNY 318,368,064.88, down from CNY 564,671,778.19 at the end of Q1 2024[18] - Total assets at the end of the reporting period were CNY 1,948,021,335.79, an increase of 2.63% from CNY 1,898,084,415.33 at the end of the previous year[4] - Total assets as of March 31, 2025, amounted to CNY 1,948,021,335.79, up from CNY 1,898,084,415.33 as of December 31, 2024, reflecting a growth of 2.6%[14] Liabilities and Equity - Total liabilities increased to CNY 566,009,369.59 as of March 31, 2025, compared to CNY 510,146,802.85 as of December 31, 2024, marking an increase of 10.9%[13] - The company's equity attributable to shareholders was CNY 1,211,652,944.86 as of March 31, 2025, slightly up from CNY 1,206,288,067.50 as of December 31, 2024[14] Operational Metrics - Total operating costs for Q1 2025 were CNY 352,066,647.49, down 20.8% from CNY 444,937,538.45 in Q1 2024[15] - Operating income for Q1 2025 was CNY 373,005,968.81, reflecting a decline in sales performance[15] - The weighted average return on equity decreased to 0.5211%, down 0.2 percentage points from 0.7222%[4] Changes in Receivables and Payables - Other receivables increased by 501.80% as a result of fund borrowing[7] - Accounts payable rose by 51.55% due to increased procurement by subsidiaries during the reporting period[7] - Accounts receivable increased to CNY 152,339,858.50 as of March 31, 2025, compared to CNY 150,569,008.34 as of December 31, 2024, indicating a slight increase of 1.2%[11] Future Outlook - The company is expected to explore new strategies for market expansion and product development in the upcoming quarters[15] - Research and development expenses were not specified in the report, indicating a potential area for future focus[15] Impairment Losses - The company experienced a significant increase in credit impairment losses, reporting CNY -4,260,377.40 in Q1 2025 compared to CNY 1,498,777.77 in Q1 2024[16] - The company’s total assets impairment losses were CNY -622,208.13 in Q1 2025, compared to CNY -807,077.53 in Q1 2024[16]