天创时尚(603608) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was ¥257,034,222, a decrease of 9.73% compared to ¥284,730,246 in the same period last year[4] - Total operating revenue for Q1 2025 was ¥257,034,222, a decrease of 9.7% compared to ¥284,730,246 in Q1 2024[15] - Net profit for Q1 2025 was a loss of ¥1,177,459, compared to a loss of ¥4,180,420 in Q1 2024, indicating an improvement of 71.8%[16] - The net profit attributable to shareholders was -¥960,847, an improvement from -¥4,628,470 year-on-year[4] Cash Flow and Liquidity - The net cash flow from operating activities increased by 102.43%, reaching ¥31,725,448, compared to ¥15,672,624 in the previous year[4] - Cash flow from operating activities for Q1 2025 was ¥31,725,448, an increase from ¥15,672,624 in Q1 2024[19] - Cash flow from investing activities for Q1 2025 was ¥78,923,829, a significant recovery from a negative cash flow of ¥144,436,068 in Q1 2024[19] - Cash and cash equivalents at the end of Q1 2025 totaled ¥257,368,205, up from ¥227,612,372 at the end of Q1 2024[20] - The company's cash and cash equivalents increased to CNY 258,409,546 from CNY 181,897,320, representing a growth of approximately 42.2%[11] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,633,508,673, a decrease of 0.50% from ¥1,641,758,790 at the end of the previous year[5] - The company's total liabilities amounted to CNY 569,450,736, a slight decrease from CNY 576,123,095[13] - Total current liabilities decreased to CNY 308,310,747 from CNY 321,456,935, a decline of approximately 4.1%[13] - The company's long-term borrowings increased to CNY 188,000,000 from CNY 180,000,000, an increase of about 4.4%[13] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,598[8] - The largest shareholder, Qingdao Hetian Trading Partnership, held 17.45% of the shares, totaling 73,239,821 shares[8] - The equity attributable to shareholders decreased by 0.13%, amounting to ¥1,041,330,061 compared to ¥1,042,691,207 at the end of the previous year[5] - The total equity attributable to shareholders decreased to CNY 1,041,330,061 from CNY 1,042,691,207, a decrease of approximately 0.1%[13] Expenses and Costs - Total operating costs for Q1 2025 were ¥252,554,192, down from ¥284,287,554 in Q1 2024, reflecting a reduction of 11.2%[15] - Sales expenses for Q1 2025 were ¥123,858,639, slightly down from ¥132,723,959 in Q1 2024, a decrease of 6.5%[15] - Research and development expenses for Q1 2025 were ¥6,161,575, down from ¥7,520,952 in Q1 2024, reflecting a decrease of 18.1%[15] Government Support and Other Income - The company received government subsidies amounting to ¥500,494, which were closely related to its normal business operations[6] - Non-recurring gains and losses totaled ¥1,917,652 after accounting for tax and minority interests[6] - The company recorded other comprehensive income after tax of -¥415,978 in Q1 2025, compared to -¥273,543 in Q1 2024, indicating a worsening in comprehensive income[16] Inventory and Investments - Inventory decreased to CNY 240,597,316 from CNY 263,141,050, reflecting a reduction of about 8.6%[11] - The company’s total current assets increased to CNY 815,489,787 from CNY 802,480,108, an increase of approximately 1.4%[11] - The company’s long-term equity investments increased to CNY 17,193,064 from CNY 16,852,234, reflecting a growth of about 2%[12] Operational Focus - The company focused on optimizing and upgrading channels, which led to a significant reduction in overall expenses, contributing to a decrease in losses[7]