ASR(SH:688220)2025-04-29 13:38Financial Performance - The company's revenue for Q1 2025 was ¥909,945,198.53, representing a year-on-year increase of 9.61% compared to ¥830,133,907.19 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥122,238,253.41, slightly improved from a loss of ¥125,285,669.54 in the previous year[4] - Total operating revenue for Q1 2025 reached ¥909,945,198.53, an increase of 9.6% compared to ¥830,133,907.19 in Q1 2024[17] - Net profit for Q1 2025 was a loss of ¥122,238,253.41, slightly improved from a loss of ¥125,285,669.54 in Q1 2024[18] - The company reported a total comprehensive loss of ¥125,639,748.00 for Q1 2025, compared to a loss of ¥132,351,736.68 in Q1 2024[19] Research and Development - Research and development (R&D) expenses totaled ¥357,257,685.32, an increase of 12.88% from ¥316,480,241.79, accounting for 39.26% of total revenue, up from 38.12%[5] - Research and development expenses for Q1 2025 amounted to ¥357,257,685.32, an increase of 12.9% from ¥316,480,241.79 in Q1 2024[18] Cash Flow - The company reported a net cash flow from operating activities of -¥183,222,888.41, an improvement from -¥228,518,251.87 in the previous year[4] - Cash inflow from operating activities in Q1 2025 was ¥852,991,323.38, compared to ¥644,054,320.13 in Q1 2024, reflecting a growth of 32.4%[21] - The net cash flow from operating activities was -$183.22 million, an improvement from -$228.52 million in the previous period[22] - The net increase in cash and cash equivalents was $390.40 million, contrasting with a decrease of $110.21 million in the previous period[22] - The ending balance of cash and cash equivalents was $3.01 billion, up from $2.44 billion year-over-year[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,405,918,272.81, a decrease of 2.00% from ¥6,536,868,670.00 at the end of the previous year[5] - Total current assets as of March 31, 2025, amount to ¥5,374,727,831.06, a decrease from ¥5,473,216,050.76 as of December 31, 2024[13] - Total liabilities as of March 31, 2025, are ¥737,727,135.46, slightly up from ¥736,294,799.95[14] - The total liabilities as of the latest reporting period were ¥799,307,423.37, a decrease from ¥855,090,183.65[15] - The company’s non-current assets total ¥1,031,190,441.75, down from ¥1,063,652,619.24[14] Shareholder Information - Total number of common shareholders at the end of the reporting period is 19,780[10] - The largest shareholder, Alibaba (China) Network Technology Co., Ltd., holds 64,557,440 shares, accounting for 15.43% of total shares[10] - The company has a share repurchase account holding 13,358,771 shares, representing 3.19% of total shares as of March 31, 2025[11] Earnings Per Share - The basic earnings per share were -¥0.30, slightly improved from -¥0.31 in the same period last year[5] - Basic and diluted earnings per share for Q1 2025 were both -¥0.30, compared to -¥0.31 in Q1 2024[19] Other Financial Metrics - The weighted average return on equity was -2.17%, a decrease of 0.18 percentage points from -1.99%[5] - The company experienced an increase in gross profit margin, with total gross profit rising by ¥42,754,300, a growth rate of 21.70%[7] - Non-recurring gains and losses amounted to ¥59,817,380.47, primarily from government subsidies and other non-operating income[6] - Deferred income as of the latest reporting period was ¥30,861,768.06, down from ¥87,843,100.27[15] Accounting Standards - The company plans to implement new accounting standards starting in 2025[23]