Cybrid(SH:603212)2025-04-29 15:10Financial Performance - The company's operating revenue for Q1 2025 was CNY 643,195,650.72, representing a decrease of 27.35% compared to the same period last year[3]. - The net profit attributable to shareholders was a loss of CNY 33,154,989.62, a decline of 216.13% year-on-year[3]. - The basic earnings per share were CNY -0.08, down 233.33% from CNY 0.06 in the previous year[3]. - The net profit for the first quarter of 2025 was -34,068,745.24 RMB, compared to a net profit of 28,124,900.38 RMB in the first quarter of 2024, indicating a significant decline[18]. - The total comprehensive income for the first quarter of 2025 was -34,355,042.86 RMB, compared to 28,548,600.51 RMB in the first quarter of 2024, reflecting a substantial decrease[18]. - The company's revenue from sales of goods and services in the first quarter of 2025 was 558,025,399.59 RMB, a decrease of 30.7% compared to 805,606,844.85 RMB in the first quarter of 2024[21]. Cash Flow and Investments - The net cash flow from operating activities improved to CNY -9,281,556.87, a 63.17% increase compared to the previous year's loss of CNY -25,198,831.53[3]. - The net cash flow from operating activities for the first quarter of 2025 was -9,281,556.87 RMB, an improvement from -25,198,831.53 RMB in the first quarter of 2024[22]. - The company reported an investment cash outflow of 212,125,001.89 RMB in the first quarter of 2025, compared to 102,469,440.93 RMB in the same period last year, indicating increased investment activity[22]. - The company incurred a financial expense of 6,007,333.82 RMB in the first quarter of 2025, down from 8,061,137.20 RMB in the same period last year, indicating a reduction in financial costs[17]. - The company’s investment income for the first quarter of 2025 was -2,809,851.78 RMB, compared to -508,783.68 RMB in the first quarter of 2024, showing a decline in investment performance[17]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,283,665,314.06, a decrease of 2.28% from the previous year[4]. - Cash and cash equivalents decreased to RMB 451,128,661.10 from RMB 555,541,652.61, reflecting a decline of 18.8%[12]. - Accounts receivable increased to RMB 1,135,893,212.35 from RMB 1,174,046,368.42, indicating a decrease of 3.3%[12]. - Total liabilities decreased to RMB 1,635,175,456.58 from RMB 1,700,602,550.30, reflecting a decrease of 3.9%[14]. - Non-current assets totaled RMB 1,441,525,472.84, slightly down from RMB 1,448,149,005.61, a decrease of 0.5%[13]. - The company reported a total equity of RMB 2,648,489,857.48, down from RMB 2,682,844,900.34, a decrease of 1.3%[14]. - Short-term borrowings decreased to RMB 544,387,951.63 from RMB 602,045,523.02, a decline of 9.6%[13]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,313[8]. - The largest shareholder, Suzhou High-tech Zone Panyang Technology Development Co., Ltd., held 26.51% of the shares[8]. - There were no changes in the top 10 shareholders or their participation in financing activities[9]. Operational Insights - The decline in net profit was mainly attributed to a decrease in the sales price of photovoltaic products, leading to a drop in gross margin[6]. - The company has not reported any significant new strategies or product developments during the reporting period[10]. - Total operating costs for the first quarter of 2025 were 681,995,347.34 RMB, down from 866,759,838.03 RMB in the same period last year, representing a decrease of approximately 21.3%[17]. - The weighted average return on equity was -1.25%, a decrease of 2.18 percentage points compared to the previous year[3].