Financial Performance - Net profit attributable to shareholders was CNY -1,751,852.36, a decline of 206.98% year-on-year[11] - Operating revenue for the first quarter was CNY 115,778,483.40, down 2.35% from CNY 118,570,311.60 in the same period last year[11] - The company reported a decrease in total current assets from ¥629,347,945.51 to ¥511,371,434.44, a decline of about 18.7%[36] - Total operating revenue for Q1 2025 was ¥115,778,483.40, a decrease of 2.4% compared to ¥118,570,311.60 in Q1 2024[38] - Net profit for Q1 2025 was a loss of ¥1,505,537.94, compared to a loss of ¥229,801.18 in Q1 2024, indicating a significant decline in profitability[39] - Comprehensive income for Q1 2025 totaled -¥1,635,767.42, compared to -¥270,073.66 in Q1 2024, indicating a worsening financial position[39] - The total profit for Q1 2025 was -¥1,929,804.51, compared to -¥1,274,336.54 in Q1 2024, showing a significant increase in losses[39] Assets and Liabilities - Total assets decreased by 7.79% to CNY 1,273,944,541.24 compared to the end of the previous year[11] - Total liabilities decreased from ¥804,428,334.25 to ¥698,385,676.74, a reduction of about 13.2%[34] - Current liabilities decreased from ¥731,434,354.54 to ¥625,814,434.41, a decrease of approximately 14.4%[33] - Non-current liabilities remained relatively stable, decreasing slightly from ¥72,993,979.71 to ¥72,571,242.33[33] - The asset-liability ratio decreased to 54.82% from 58.22% year-on-year, indicating improved financial stability[11] Cash Flow - The company's cash flow from operating activities showed a significant improvement, with a net cash outflow of CNY -3,384,238.78, a 90.93% reduction compared to CNY -37,301,480.65 in the previous year[11] - Operating cash inflow for Q1 2025 reached ¥154,569,935.74, a 18.4% increase from ¥130,564,986.04 in Q1 2024[42] - Net cash flow from operating activities for Q1 2025 was -¥3,384,238.78, compared to -¥37,301,480.65 in Q1 2024, indicating an improvement[43] - Cash inflow from investment activities in Q1 2025 was ¥316,080.00, while cash outflow was ¥1,412,463.93, resulting in a net cash flow of -¥1,096,383.93[43] - Cash inflow from financing activities in Q1 2025 was ¥65,000,000.00, with a net cash flow of ¥7,728,349.19 after outflows[43] Shareholder Information - The total number of ordinary shareholders was 4,540, with a total share capital of 64,970,000 shares[18] - The largest shareholder, Ni Wenjun, holds 40.48% of the shares, totaling 26,299,600 shares[20] - The second largest shareholder, He Zonggui, owns 20.03% of the shares, amounting to 13,015,769 shares[20] - Total shares held by the top ten shareholders account for 69.70% of the company's total shares[20] Inventory and Receivables - Accounts receivable decreased by 38.68% to CNY 186,686,062.19, primarily due to cash collections during the reporting period[12] - Accounts receivable decreased from 304.42 million yuan to 186.69 million yuan during the same period[32] - Inventory increased from 259.48 million yuan to 299.12 million yuan[32] - The company experienced a 49.02% decrease in credit impairment losses, amounting to CNY 4,518,143.41, attributed to a reduction in accounts receivable[13] Other Financial Metrics - Other income decreased by 41.67% to CNY 2,410,609.75, mainly due to a reduction in government subsidies received[13] - Research and development expenses decreased to ¥7,711,962.56 in Q1 2025 from ¥9,360,432.67 in Q1 2024, a reduction of 17.6%[38] - The company reported a basic and diluted earnings per share of -¥0.03 for Q1 2025, compared to -¥0.01 in Q1 2024[40] - The company has ongoing litigation with a total claim amount of 534,280.87 yuan, which is 0.09% of the net assets[25] - There are no new commitments or violations of previously disclosed commitments during the reporting period[27]
舜宇精工(831906) - 2025 Q1 - 季度财报