Financial Performance - Operating revenue for Q1 2025 was CNY 3,720,033.16, a significant decrease of 76.50% compared to CNY 15,830,778.83 in Q1 2024[9] - Net profit attributable to shareholders for Q1 2025 was a loss of CNY 2,954,622.26, representing a decline of 246.28% from a profit of CNY 2,019,820.67 in the same period last year[9] - The company's cash flow from operating activities showed a net outflow of CNY 6,160,353.03, a drastic decrease of 467.90% compared to CNY 1,674,443.30 in Q1 2024[9] - Total revenue for Q1 2025 reached CNY 3,720,033.16, compared to CNY 15,830,778.83 in Q1 2024, indicating a significant decline[32] - Net profit for Q1 2025 was a loss of CNY 2,954,622.26, compared to a profit of CNY 2,019,820.67 in Q1 2024[33] - Basic earnings per share for Q1 2025 was -CNY 0.05, a decrease of 225.00% compared to CNY 0.04 in Q1 2024[9] - The total comprehensive income for Q1 2025 was a loss of CNY 2,554,243.27, compared to a comprehensive income of CNY 2,375,754.88 in Q1 2024, indicating a drastic change in overall financial health[36] Assets and Liabilities - Total assets as of March 31, 2025, amounted to CNY 231,478,016.71, reflecting a 0.78% increase compared to the end of 2024[9] - The total current assets as of March 31, 2025, is CNY 135,741,981.46, compared to CNY 131,835,121.29 as of December 31, 2024, reflecting an increase of approximately 2.9%[26] - The total non-current assets as of March 31, 2025, is CNY 95,736,035.25, down from CNY 97,847,211.61 as of December 31, 2024, indicating a decrease of about 2.2%[27] - The total liabilities as of March 31, 2025, is CNY 35,944,292.45, compared to CNY 31,272,222.01 as of December 31, 2024, showing an increase of approximately 15.5%[28] - The total equity attributable to shareholders as of March 31, 2025, is CNY 195,533,724.26, down from CNY 198,410,110.89 as of December 31, 2024, reflecting a decrease of about 1.5%[28] Cash Flow - The cash and cash equivalents as of March 31, 2025, amount to CNY 78,619,242.80, compared to CNY 84,779,595.83 as of December 31, 2024, indicating a decrease of approximately 7.3%[26] - The cash flow from operating activities for Q1 2025 was a negative CNY 6,160,353.03, contrasting with a positive cash flow of CNY 1,674,443.30 in Q1 2024[38] - The company reported cash inflow from investment activities of CNY 20,029,826.54 in Q1 2025, while cash outflow for investment activities was CNY 4,650,666.40, resulting in a net cash inflow of CNY 15,379,160.14[38] - The total cash and cash equivalents at the end of Q1 2025 were CNY 78,619,242.80, down from CNY 92,482,278.26 at the end of Q1 2024, indicating a decrease of approximately 15%[38] Shareholder Information - Major shareholders include Li Shuxiu with 26.07% and Meng Jiayi with 22.55% of shares[14] - The total number of shares held by the top ten shareholders is 41,069,326, representing 72.66% of the total shares[15] - The company has no pledged or frozen shares among major shareholders[16] Incentive Plans - A stock option incentive plan was approved, granting 670,000 stock options at an exercise price of 3.60 yuan per share, representing 1.19% of the total share capital[20] - The performance targets for the stock options include a revenue growth rate of at least 15% in 2024 and 30% in 2025, based on 2023 revenue[21] - The company has implemented a stock incentive plan to attract and retain talent, approved by the board and shareholders[20] Other Financial Metrics - Research and development expenses for Q1 2025 were CNY 864,081.10, compared to CNY 969,936.40 in Q1 2024, reflecting a focus on innovation[32] - The company's financial expenses for Q1 2025 included interest income of CNY 124,550.40, compared to CNY 579,584.96 in Q1 2024, reflecting a decrease of approximately 78.5%[35] - The company incurred a credit impairment loss of CNY 5,325.09 in Q1 2025, contrasting with a significant credit impairment gain of CNY 292,634.42 in Q1 2024[35] - The company reported a litigation amount of 490,000 yuan, which accounts for 0.25% of the net assets at the end of the reporting period[19] - The company has a total external guarantee amount of 4,136,797 yuan, with a balance of 2,851,435 yuan[19] - There were no significant related party transactions during the reporting period, except for routine transactions totaling 14,775.19 yuan[19]
花溪科技(872895) - 2025 Q1 - 季度财报