SPAS(603168)2025-04-29 15:03Financial Performance - The company's operating revenue for Q1 2025 was ¥101,731,108.99, a decrease of 26.19% compared to ¥137,834,311.82 in the same period last year[4] - Net profit attributable to shareholders increased by 106.03% to ¥8,852,007.80 from ¥4,296,554.68 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 126.25% to -¥1,144,397.72, down from ¥4,359,272.81 in the previous year[4] - Basic earnings per share increased by 100.00% to ¥0.02 from ¥0.01 year-on-year[6] - Diluted earnings per share also rose by 100.00% to ¥0.02 from ¥0.01 in the previous year[6] - Total revenue for Q1 2025 was CNY 101.73 million, a decrease of 26.2% compared to CNY 137.83 million in Q1 2024[19] - Net profit for Q1 2025 reached CNY 8.85 million, an increase of 108.5% from CNY 4.25 million in Q1 2024[21] - Earnings per share for Q1 2025 were CNY 0.02, compared to CNY 0.01 in Q1 2024[21] Cash Flow and Liquidity - The net cash flow from operating activities was -¥3,777,382.46, a decline of 171.65% compared to ¥5,271,978.33 in the same period last year[4] - Operating cash flow for Q1 2025 was negative at CNY -3.78 million, compared to a positive CNY 5.27 million in Q1 2024[24] - Cash received from sales of goods and services in Q1 2025 was CNY 115.61 million, down 20.3% from CNY 145.03 million in Q1 2024[24] - The net cash flow from investing activities was 21,442,432.69, compared to a negative cash flow of -192,236,008.94 in the previous period[25] - Cash inflow from financing activities totaled 79,900,000.00, an increase from 30,000,000.00 in the prior period[25] - The net cash flow from financing activities was 7,826,605.27, down from 28,577,347.66 in the previous period[25] - The total cash and cash equivalents at the end of the period amounted to 108,279,106.43, compared to 197,280,025.81 previously[25] - The net increase in cash and cash equivalents was 25,491,655.50, contrasting with a decrease of -158,386,682.95 in the prior period[25] - The company repaid debts amounting to 70,200,000.00, significantly higher than 100.00 in the previous period[25] - Dividends and interest payments totaled 1,873,394.73, compared to 1,322,652.34 previously[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,105,344,860.70, a slight decrease of 0.04% from ¥2,106,253,035.91 at the end of the previous year[6] - Total liabilities decreased to CNY 353,213,445.14 from CNY 377,473,002.37, showing a reduction in financial obligations[17] - Short-term borrowings decreased to CNY 89,649,147.21 from CNY 105,294,386.11, indicating a decrease in reliance on debt[17] - Total liabilities as of the end of the reporting period were CNY 506.07 million, a slight decrease from CNY 516.59 million in the previous period[18] Shareholder Information - The company reported a total of 30,473 common shareholders at the end of the reporting period[12] - The top shareholder, Shanghai Yanghe Industrial Co., Ltd., holds 20.82% of shares, amounting to 78,249,836 shares[12] - The company has no significant changes in the shareholding structure or related party transactions during the reporting period[13] Research and Development - Research and development expenses for Q1 2025 were CNY 9.24 million, a decrease of 23.9% from CNY 12.13 million in Q1 2024[20] Non-Recurring Gains - The company reported non-recurring gains totaling ¥9,996,405.52 for the period[9] Accounting Standards - The company will not apply new accounting standards starting from 2025[26]