Halo Micro(SH:688173)2025-04-29 13:28Financial Performance - The company's operating revenue for Q1 2025 was ¥177,679,311.25, representing a 44.56% increase compared to ¥122,908,664.18 in the same period last year[4]. - The net loss attributable to shareholders was reduced to ¥27,264,802.83 from ¥48,891,400.92, marking a 44.23% decrease in losses year-over-year[4][8]. - The net cash flow from operating activities improved significantly, with a net outflow of ¥42,344,944.30 compared to ¥73,338,268.92 in the previous year[4][9]. - Total operating revenue for Q1 2025 reached ¥177,679,311.25, a 44.5% increase from ¥122,908,664.18 in Q1 2024[21]. - Net loss for Q1 2025 was ¥30,379,897.34, compared to a net loss of ¥48,891,400.92 in Q1 2024, representing a 37.8% improvement[22]. - The company's gross profit margin decreased to -17.4% in Q1 2025 from -39.7% in Q1 2024[21]. - Other comprehensive income for Q1 2025 was ¥11,519,068.59, compared to a loss of ¥31,541,717.40 in Q1 2024[22]. - Basic and diluted earnings per share improved to -¥0.07 in Q1 2025 from -¥0.12 in Q1 2024[23]. Research and Development - Research and development expenses totaled ¥58,010,145.52, accounting for 32.65% of operating revenue, down from 47.48% in the previous year[5][8]. - Research and development expenses remained stable at ¥58,010,145.52, slightly down from ¥58,357,773.06 year-over-year[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,782,611,352.08, a decrease of 1.53% from ¥1,810,336,339.19 at the end of the previous year[5]. - The company's current assets totaled RMB 1,236,497,274.41, down from RMB 1,283,293,364.86, indicating a decrease of about 3.64%[16]. - Cash and cash equivalents were reported at RMB 818,212,367.39, compared to RMB 908,999,900.84 in the previous period, representing a decline of approximately 9.93%[15]. - Total liabilities decreased to ¥229,713,693.54 from ¥241,514,182.80 year-over-year[18]. - Total equity decreased to ¥1,552,897,658.54 from ¥1,568,822,156.39 year-over-year[18]. Cash Flow - The company reported a total cash flow from operating activities of ¥105,163.00 in Q1 2025, compared to ¥5,265.49 in Q1 2024[22]. - Cash inflow from operating activities for Q1 2025 was $267.65 million, an increase of 16% compared to $230.67 million in Q1 2024[26]. - Net cash outflow from operating activities for Q1 2025 was -$42.34 million, an improvement from -$73.34 million in Q1 2024[27]. - Cash inflow from investment activities for Q1 2025 was $327.56 million, down 41% from $554.53 million in Q1 2024[27]. - Cash inflow from financing activities for Q1 2025 was $1 million, with a net cash outflow of -$1.31 million, compared to -$17.69 million in Q1 2024[27]. - The net increase in cash and cash equivalents for Q1 2025 was -$85.12 million, compared to an increase of $294.56 million in Q1 2024[28]. - The ending balance of cash and cash equivalents for Q1 2025 was $708.56 million, down from $758.09 million in Q1 2024[28]. - Cash received from sales and services in Q1 2025 was $173.78 million, significantly higher than $127.02 million in Q1 2024[26]. - Total cash outflow for operating activities in Q1 2025 was $310.00 million, slightly higher than $304.01 million in Q1 2024[27]. - Cash received from tax refunds in Q1 2025 was $11.05 million, a substantial increase from $0.11 million in Q1 2024[26]. Operational Efficiency - The company has increased its operational efficiency through cost control measures, leading to a reduction in overall expenses despite revenue growth[9]. - The weighted average return on net assets was -1.75%, an improvement from -2.74% in the previous year[5]. Market Expansion - The company expanded its product line with the introduction of new products, particularly in the intelligent visual perception business, contributing to revenue growth[8]. - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[14]. - The company has expanded its consolidation scope by adding a new subsidiary, Zinitix Co., which contributed to the increase in operating scale[8]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,246[10]. - The company's total liabilities and equity structure remains stable, with no significant changes reported in the shareholder composition[13]. - There were no significant changes in the shareholder structure or any new strategic partnerships announced during the reporting period[13].