People.cn (SH:603000)2025-04-29 15:03Financial Performance - The company's operating revenue for Q1 2025 was ¥304,910,763.45, a decrease of 5.56% compared to ¥322,865,463.97 in the same period last year[5] - The net profit attributable to shareholders was -¥11,096,990.84, an improvement from -¥18,064,890.34 year-on-year[5] - The basic earnings per share improved by 50% to -¥0.01 from -¥0.02 in the previous year[5] - Total operating revenue for Q1 2025 was $304.91 million, a decrease of 5.5% compared to $322.87 million in Q1 2024[19] - Net profit for Q1 2025 was a loss of $12.72 million, an improvement from a loss of $22.61 million in Q1 2024, representing a 43.7% reduction in losses[20] - The company reported a basic and diluted earnings per share of -$0.01 for Q1 2025, an improvement from -$0.02 in Q1 2024[20] - The company’s total comprehensive loss for Q1 2025 was -$10.97 million, an improvement from -$25.05 million in Q1 2024[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,148,464,414.32, down 5.12% from ¥5,426,381,535.35 at the end of the previous year[6] - As of March 31, 2025, the total assets of the company amounted to CNY 5,148,464,414.32, a decrease from CNY 5,426,381,535.35 as of December 31, 2024, representing a decline of approximately 5.1%[16] - The total current assets decreased to CNY 3,707,654,819.06 from CNY 3,900,736,002.01, reflecting a reduction of about 4.9%[14] - The company's total liabilities decreased to CNY 1,159,889,070.67 from CNY 1,426,835,409.77, indicating a decline of approximately 18.7%[16] - The total equity attributable to shareholders decreased slightly to CNY 3,737,658,377.55 from CNY 3,747,003,008.02, a decrease of about 0.25%[16] - The company's accounts receivable decreased to CNY 423,014,129.08 from CNY 492,046,987.74, a decline of about 14.1%[14] - The total non-current assets decreased to CNY 1,440,809,595.26 from CNY 1,525,645,533.34, reflecting a reduction of approximately 5.6%[15] - The company reported a decrease in total current liabilities to CNY 1,040,204,505.65 from CNY 1,304,564,166.52, a decline of about 20.2%[16] Cash Flow - The net cash flow from operating activities was -¥156,985,974.42, compared to -¥214,045,052.05 in the same period last year[5] - Operating cash flow for Q1 2025 was negative at -$156.99 million, an improvement from -$214.05 million in Q1 2024[23] - Cash and cash equivalents as of March 31, 2025, were CNY 1,345,190,277.40, down from CNY 1,588,042,300.79, a decrease of approximately 15.3%[14] - Cash and cash equivalents at the end of Q1 2025 stood at $1.34 billion, slightly up from $1.34 billion at the end of Q1 2024[24] - Investment activities generated a net cash outflow of -$59.13 million in Q1 2025, compared to -$393.05 million in Q1 2024, indicating a significant reduction in cash outflow[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 130,504[10] - The largest shareholder, People's Daily, holds 48.43% of the shares, totaling 535,540,064 shares[10] Other Information - The company recognized a gain of ¥14,324,937.45 from debt restructuring during the reporting period[7] - The company reported a decrease in net profit attributable to shareholders after excluding non-recurring gains and losses, primarily due to a decline in operating revenue[8] - The company has not reported any significant new product developments or market expansions during the reporting period[12] - Total operating costs decreased to $333.71 million in Q1 2025 from $351.37 million in Q1 2024, reflecting a reduction of 5.0%[19] - Other comprehensive income after tax for Q1 2025 was $1.75 million, compared to a loss of $2.44 million in Q1 2024[20] - The company’s sales revenue from goods and services received cash of $400.50 million in Q1 2025, up from $332.51 million in Q1 2024, reflecting a growth of 20.5%[23]