中装建设(002822) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥185,003,691.08, a decrease of 59.88% compared to ¥461,142,866.49 in the same period last year[4]. - Total operating revenue for the current period is $185.00 million, a decrease of 60.0% compared to $461.14 million in the previous period[34]. - Net profit for the current period is a loss of $84.81 million, compared to a loss of $87.01 million in the previous period, showing a slight improvement[35]. - Total comprehensive income for the current period is a loss of $84.81 million, compared to a loss of $87.01 million in the previous period[35]. - The net loss attributable to shareholders was ¥79,033,132.09, an improvement of 10.17% from a loss of ¥87,978,120.27 in the previous year[4]. Cash Flow and Liquidity - The net cash flow from operating activities improved by 80.84%, reaching -¥43,454,651.37 compared to -¥226,842,479.55 in the same period last year[4]. - Operating cash flow for the current period is a net outflow of $43.45 million, compared to a net outflow of $226.84 million in the previous period, indicating improved cash flow management[36]. - Cash and cash equivalents at the end of the period are $123.19 million, down from $201.99 million at the end of the previous period[37]. - The company's cash and cash equivalents decreased to CNY 197,399,724.32 from CNY 236,892,033.01, reflecting a reduction of about 16.7%[30]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,989,978,321.60, a decrease of 1.98% from ¥6,111,256,769.69 at the end of the previous year[4]. - Current assets totaled CNY 4,475,672,938.32, down from CNY 4,582,547,569.58, indicating a decline of approximately 2.3%[30]. - Total liabilities were CNY 5,012,332,501.48, a slight decrease from CNY 5,079,353,723.68, indicating a reduction of about 1.3%[31]. - The company's equity attributable to shareholders decreased to CNY 1,046,350,361.16 from CNY 1,094,830,790.13, a decline of approximately 4.4%[32]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 21,841[25]. - The company's basic and diluted earnings per share were both -¥0.11, an improvement of 8.33% from -¥0.12 in the same period last year[4]. - Basic and diluted earnings per share for the current period are both -$0.11, compared to -$0.12 in the previous period[36]. Research and Development - Research and development expenses decreased by 90.42%, reflecting reduced investment in R&D projects[13]. - Research and development expenses decreased to $1.10 million from $11.48 million, reflecting a 90.4% reduction[34]. Other Income and Expenses - The company reported a 244.47% increase in non-operating income, primarily due to an increase in litigation compensation received[20]. - Financial expenses increased by 41.53%, primarily due to an increase in loan penalty provisions[14]. - The company reported a credit impairment loss of $4.80 million, a significant change from a gain of $4.63 million in the previous period[35]. Inventory and Contract Liabilities - The company experienced a 44.67% increase in contract liabilities, mainly due to pre-received project payments[9]. - The company’s contract liabilities increased to CNY 94,949,398.02 from CNY 65,633,948.58, reflecting an increase of approximately 44.5%[31]. - The company’s inventory increased to CNY 570,505,244.09 from CNY 524,028,316.24, showing a growth of about 8.8%[30]. Regulatory and Restructuring Actions - The company reported a fine of CNY 8.5 million due to false disclosures in annual reports from 2017 to 2021[28]. - The company signed a restructuring agreement with Shanghai Hengcen Enterprise Management Consulting Co., Ltd. and Shanghai Kangheng Environmental Co., Ltd. as the selected investors for its restructuring process[28].