CS(600654)2025-04-29 14:38Financial Performance - The company's operating revenue for Q1 2025 was ¥746,359,087.56, representing a 21.99% increase compared to ¥611,841,813.03 in the same period last year[5] - The net profit attributable to shareholders decreased by 56.64% to ¥8,581,262.77 from ¥19,790,411.59 year-on-year[5] - Basic earnings per share fell by 57.14% to ¥0.0030 from ¥0.0070 in the same period last year[5] - Net profit for Q1 2025 was ¥8,581,262.77, a decrease of 56.69% from ¥19,803,881.51 in Q1 2024[18] - The comprehensive income total for Q1 2025 was ¥9,450,534.39, compared to ¥7,422,315.72 in Q1 2024, indicating an increase of 27.31%[18] Cash Flow - The net cash flow from operating activities was negative at -¥21,235,057.53, a decline of 115.29% compared to ¥138,858,637.75 in the previous year[5] - Cash flow from operating activities for Q1 2025 was negative at -$21.24 million, compared to a positive $138.86 million in Q1 2024, indicating a significant decline in operational cash generation[20] - Total cash inflow from operating activities decreased to $882.02 million in Q1 2025 from $911.95 million in Q1 2024, reflecting a year-over-year decline of approximately 3.5%[20] - Cash outflow from operating activities increased to $903.26 million in Q1 2025, up from $773.09 million in Q1 2024, representing a rise of about 16.8%[20] - Net cash flow from investing activities was negative at -$21.17 million in Q1 2025, compared to -$15.81 million in Q1 2024, indicating increased investment outflows[21] - Net cash flow from financing activities was negative at -$30.45 million in Q1 2025, an improvement from -$202.47 million in Q1 2024, indicating better management of financing cash flows[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,587,412,235.16, down 5.11% from ¥3,780,703,469.85 at the end of the previous year[6] - The company's total liabilities decreased to ¥1,915,837,485.16 in Q1 2025 from ¥2,123,050,068.78 in Q1 2024, reflecting a reduction of 9.79%[16] - Current assets decreased from CNY 2,506,638,715.37 to CNY 2,327,883,873.25, a reduction of about 7.1%[14] - Cash and cash equivalents decreased from CNY 759,387,883.28 to CNY 608,489,273.15, a decline of approximately 19.8%[13] - Total assets decreased to ¥3,587,412,235.16 in Q1 2025 from ¥3,780,703,469.85 in Q1 2024, a decline of 5.12%[16] Shareholder Information - The company had a total of 127,255 common shareholders at the end of the reporting period[10] - The top shareholder, Wuhan Rongjing Industrial Investment Co., Ltd., held 15.04% of the shares, totaling 432,800,000 shares[10] - The company reported no significant changes in the top 10 shareholders or their shareholding status[12] Operating Costs and Expenses - Total operating costs for Q1 2025 were ¥740,491,387.87, up 15.87% from ¥638,925,206.27 in Q1 2024[17] - Research and development expenses for Q1 2025 were ¥15,295,702.73, a slight decrease from ¥16,751,355.40 in Q1 2024[17] - The company reported a credit impairment loss of ¥9,088,133.12 in Q1 2025, down from ¥18,342,528.06 in Q1 2024[18] Revenue Drivers - The increase in operating revenue was primarily due to growth in domestic security system integration and overseas security operation services[8] - The decrease in net profit was mainly attributed to the absence of investment income from the settlement of a previous equity transfer payment[8] Other Information - There were no new strategies or product developments mentioned during the earnings call[12] - The impact of exchange rate changes on cash and cash equivalents was a decrease of -$2.00 million in Q1 2025, compared to a decrease of -$5.62 million in Q1 2024, indicating a reduced negative impact from currency fluctuations[21]