Zhuhai (SH:688175)2025-04-29 13:28Financial Performance - The company's operating revenue for Q1 2025 was ¥43,747,002.93, representing a year-on-year increase of 7.65% compared to ¥40,639,863.21 in the same period last year[3] - The net profit attributable to shareholders was -¥12,646,829.02, a decline of 179.02% from -¥4,532,618.51 in the previous year[3] - The basic and diluted earnings per share were both -¥0.0978, reflecting a decrease of 178.63% compared to -¥0.0351 in the same period last year[3] - Net profit for Q1 2025 was a loss of ¥12,674,766.03, compared to a loss of ¥4,568,477.93 in Q1 2024, indicating a significant decline in profitability[20] - The total equity attributable to shareholders of the parent company decreased to ¥1,773,370,186.71 from ¥1,784,761,839.53 year-over-year[19] Cash Flow and Liquidity - The net cash flow from operating activities improved by 39.33%, amounting to -¥44,233,416.21, compared to -¥72,909,277.21 in the same period last year[3] - The company's operating cash flow for Q1 2025 was negative at ¥44,233,416.21, an improvement from negative ¥72,909,277.21 in Q1 2024[22] - Cash inflow from operating activities totaled ¥42,994,581.19 in Q1 2025, compared to ¥37,529,698.77 in Q1 2024[22] - As of March 31, 2025, the company's cash and cash equivalents amounted to RMB 715,950,203.46, an increase from RMB 305,853,845.93 as of December 31, 2024, representing a growth of approximately 134%[14] - The total current assets decreased to RMB 1,306,817,615.71 from RMB 1,589,080,075.66, indicating a decline of about 18%[15] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,945,368,548.36, a decrease of 1.12% from ¥1,967,381,335.87 at the end of the previous year[4] - The total liabilities decreased to RMB 173,160,000.59 from RMB 183,753,198.27, showing a reduction of about 5.5%[16] - The company's total assets as of March 31, 2025, were RMB 1,945,368,548.36, slightly down from RMB 1,967,381,335.87 at the end of 2024, reflecting a decrease of approximately 1.1%[15] - The accounts receivable stood at RMB 201,667,322.87 as of March 31, 2025, compared to RMB 208,480,704.60 at the end of 2024, indicating a decrease of about 3.9%[14] - The inventory value was reported at RMB 129,042,027.84, a slight increase from RMB 127,476,542.62, representing a growth of approximately 1.2%[15] Research and Development - Research and development expenses totaled ¥15,290,209.78, accounting for 34.95% of operating revenue, down from 38.79% in the previous year[4] - Research and development expenses for Q1 2025 were ¥15,290,209.78, slightly down from ¥15,765,113.44 in Q1 2024[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 7,245[10] - The company has not reported any significant changes in its major shareholders or their participation in financing activities during the reporting period[13] Strategic Focus - There are no new strategies or product developments mentioned in the provided data, indicating a stable operational focus[13] - The company plans to implement new accounting standards starting in 2025, which may affect the financial statements[23] Management and Governance - The company’s management team includes key personnel such as Feng Zhifeng, Jiang Xiaohui, and Xu Xinhua, responsible for accounting and financial oversight[23]