SONGFA(SH:603268)2025-04-29 13:05Financial Performance - The company's operating revenue for Q1 2025 was CNY 57,460,611.30, representing a 23.17% increase compared to CNY 46,652,693.88 in the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 20,868,618.36, worsening from a loss of CNY 10,563,995.53 year-on-year[4] - The net cash flow from operating activities was negative at CNY -12,927,498.53, compared to CNY -4,202,615.02 in the previous year[4] - The company's operating revenue for Q1 2025 was CNY 57,460,611.30, an increase from CNY 46,652,693.88 in Q1 2024, representing a growth of approximately 23.9%[19] - The net profit for Q1 2025 was a loss of CNY 20,868,618.36, compared to a loss of CNY 10,563,995.53 in Q1 2024, indicating a deterioration in profitability[20] - The cash flow from operating activities for Q1 2025 was a net outflow of CNY 12,927,498.53, worsening from a net outflow of CNY 4,202,615.02 in Q1 2024[21] - The company’s operating profit for Q1 2025 was a loss of CNY 20,316,424.97, compared to a loss of CNY 9,102,868.26 in Q1 2024, indicating a decline in operational efficiency[19] Assets and Liabilities - The total assets at the end of the reporting period were CNY 557,025,680.69, down 2.58% from CNY 571,777,640.54 at the end of the previous year[5] - The company's current assets totaled RMB 305,954,079.15, down from RMB 316,384,556.36 in the previous period[14] - The total liabilities stood at RMB 576,381,320.53, slightly up from RMB 570,264,662.02[15] - The non-current liabilities decreased to RMB 24,465,453.05 from RMB 28,011,121.07, a reduction of approximately 12.2%[15] - The company's equity position showed a significant decline, with total equity at -RMB 19,355,639.84 compared to RMB 1,512,978.52 previously[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 6,355[8] - The largest shareholder, Hengli Group Co., Ltd., held 30.14% of the shares, totaling 37,428,000 shares[9] - The company has not reported any significant changes in shareholder structure or related party transactions during the reporting period[11] Earnings and Cash Flow - The basic and diluted earnings per share were both CNY -0.17, compared to CNY -0.09 in the same period last year[4] - The company reported a weighted average return on equity of -233.92%, a decline from -15.11% in the previous year[4] - The total cash inflow from financing activities in Q1 2025 was CNY 61,820,000.00, a decrease from CNY 78,530,000.00 in Q1 2024[21] - The company incurred financial expenses of CNY 5,765,439.60 in Q1 2025, compared to CNY 4,482,736.44 in Q1 2024, marking an increase of approximately 28.6%[19] Other Financial Metrics - Non-recurring gains and losses amounted to CNY 628,770.46 after tax, with a government subsidy of CNY 761,583.97 included[7] - The company reported a credit impairment loss of CNY 846,908.11 in Q1 2025, contrasting with a gain of CNY 1,660,148.40 in Q1 2024, reflecting a significant change in asset quality[19] - The company reported a significant increase in sales cash receipts, totaling CNY 83,296,691.76 in Q1 2025, compared to CNY 58,664,022.14 in Q1 2024, reflecting a growth of approximately 41.9%[21] - The total cash and cash equivalents at the end of Q1 2025 stood at CNY 14,454,750.19, down from CNY 26,023,056.38 at the end of Q1 2024[21] - Accounts receivable decreased to RMB 101,369,021.97 from RMB 121,838,549.07, indicating a reduction of about 16.8%[13] - Inventory levels remained relatively stable, with a slight decrease to RMB 162,303,743.28 from RMB 163,042,764.84[14] - The company reported a short-term loan of RMB 149,211,030.82, consistent with the previous period[15] - The cash and cash equivalents increased to RMB 14,454,755.54 from RMB 10,549,258.05, reflecting a growth of approximately 37.5%[13]