Shanghai Guijiu (SH:600696)2025-04-29 14:43Financial Performance - The company's operating revenue for Q1 2025 was ¥14,984,338.49, representing a decrease of 86.25% compared to ¥108,962,455.79 in the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥19,325,268.67, slightly improved by 1.71% from a loss of ¥19,660,817.66 in the previous year[5]. - The company reported a significant decrease in operating revenue compared to the same period last year, attributed to a slowdown in consumer demand and industry challenges[12]. - Total revenue for Q1 2025 was CNY 14,984,338.49, a significant decrease of 86.23% compared to CNY 108,962,455.79 in Q1 2024[22]. - Net loss for Q1 2025 was CNY 18,320,644.06, compared to a net loss of CNY 14,192,248.09 in Q1 2024, indicating a worsening financial position[24]. - Operating profit for Q1 2025 was -CNY 13,860,667.08, compared to -CNY 8,307,393.40 in Q1 2024, reflecting increased operational challenges[23]. Cash Flow and Assets - The net cash flow from operating activities improved significantly, with a net outflow of ¥239,935.53, a 99.18% reduction compared to a net outflow of ¥29,186,441.52 last year[5]. - Cash received from sales in Q1 2025 was CNY 16,312,512.41, a decline of 61.94% from CNY 42,852,140.54 in Q1 2024[27]. - Total cash inflow from financing activities amounted to 196,422,000.00, while cash outflow was 187,253,957.53, resulting in a net cash flow of 9,168,042.47[29]. - The cash and cash equivalents at the end of the period were 6,111,640.59 and 8,683,547.67 for the respective periods[29]. - The total cash outflow from operating activities was 16,906,759.51 and 78,388,320.85 for the respective periods[28]. - The company's total current assets amounted to approximately CNY 644.46 million, a slight decrease from CNY 652.44 million at the end of 2024[17]. - The company's inventory stood at CNY 519.25 million as of March 31, 2025, down from CNY 526.26 million at the end of 2024[17]. - The company's fixed assets were valued at CNY 205.87 million as of March 31, 2025, compared to CNY 209.65 million at the end of 2024[17]. Shareholder and Equity Information - The equity attributable to shareholders decreased by 4.84% to ¥379,944,865.40 from ¥399,270,134.07 at the end of the previous year[6]. - The company's equity decreased to CNY 565,446,134.68 from CNY 583,766,778.74, indicating a decline in shareholder value[19]. - The company had a total of 44,304 common shareholders at the end of the reporting period[10]. - The company reported a basic and diluted earnings per share of -CNY 0.06 for Q1 2025, consistent with the previous year[24]. Legal and Regulatory Issues - The actual controller of the company is under criminal investigation, and 64.80% of the shares held by the controlling shareholder and its concerted actors have been judicially frozen[13]. - The company has been placed under delisting risk warning as of April 23, 2025, due to negative net profit and insufficient operating revenue[14]. - The company has reported a significant number of lawsuits due to debt defaults, impacting its operational stability[12]. Industry Context - The significant decline in operating revenue was primarily due to a decrease in liquor sales[9]. - The overall recovery of the liquor industry has not met expectations, leading to increased pressure on smaller brands and companies[12]. - The company is facing financial pressure, with a significant reduction in brand investment and marketing activities due to tight cash flow[12]. Commitment to Reporting - The company is committed to ensuring the accuracy and completeness of its financial reporting, with all board members and management affirming the integrity of the quarterly report[3].