四创电子(600990) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥292,813,165.61, representing a decrease of 13.67% compared to ¥339,165,426.68 in the same period last year[4]. - The net profit attributable to shareholders was -¥21,129,810.11, worsening from -¥7,574,596.39 in the previous year[4]. - The net profit for Q1 2025 was -21,121,440.08 RMB, compared to -7,549,096.55 RMB in Q1 2024, indicating a significant increase in losses[19]. - The total comprehensive income for Q1 2025 was -21,121,440.08 RMB, compared to -7,549,096.55 RMB in Q1 2024, indicating a worsening financial position[20]. - The company reported a net profit margin decline due to increased operating costs and lower revenue[18]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥184,498,281.79, an improvement from -¥214,478,247.58 year-on-year[4]. - Cash and cash equivalents decreased by 62.70% due to payments for goods, taxes, and debt repayments[6]. - Cash and cash equivalents as of March 31, 2025, were CNY 168,366,365.92, down from CNY 451,359,912.13 as of December 31, 2024[12]. - Cash and cash equivalents at the end of Q1 2025 were 156,749,335.18 RMB, an increase from 110,756,861.47 RMB at the end of Q1 2024[22]. Operating Costs and Expenses - Total operating costs for Q1 2025 were CNY 319,614,271.02, down 13.6% from CNY 369,977,416.52 in Q1 2024[18]. - Operating costs included CNY 236,940,759.42 in cost of goods sold for Q1 2025, a decrease of 15.9% from CNY 281,639,785.28 in Q1 2024[18]. - The company incurred operating expenses of 364,676,247.60 RMB in Q1 2025, compared to 351,536,175.24 RMB in Q1 2024, representing an increase of approximately 3.5%[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,849,802,111.00, down 3.54% from ¥6,064,730,296.96 at the end of the previous year[5]. - Total current assets as of March 31, 2025, were CNY 3,883,183,930.98, a decrease of 4.6% from CNY 4,072,831,985.19 as of December 31, 2024[13]. - Total liabilities as of March 31, 2025, were CNY 3,948,838,597.56, down from CNY 4,142,645,343.44 as of December 31, 2024[14]. - The total liabilities increased, with cash outflows for debt repayment amounting to 275,100,000.00 RMB in Q1 2025, compared to 267,972,800.00 RMB in Q1 2024[22]. Government Support and Employee Compensation - The company received government subsidies amounting to ¥1,775,436.16 during the period, which are closely related to its normal business operations[6]. - The company reported a significant increase of 77.06% in employee compensation payable, attributed to new salary accruals[6]. Research and Development - Research and development expenses for Q1 2025 were CNY 1,953,140.24, an increase of 16.8% compared to CNY 1,670,935.78 in Q1 2024[18]. - Future outlook includes a focus on expanding R&D efforts and exploring new market opportunities[18]. Shareholding and Market Strategy - There are no significant changes in the shareholding structure or major shareholder activities reported during this period[10]. - The company has not disclosed any new product developments or market expansion strategies in this report[11].