Dcenti(SH:603335)2025-04-29 15:18Financial Performance - The company's operating revenue for Q1 2025 was ¥256,686,668.75, a decrease of 24.88% compared to ¥341,693,889.88 in the same period last year[4] - The net profit attributable to shareholders was -¥22,622,516.27, representing an 86.36% decline from -¥12,139,094.00 year-over-year[4] - Basic and diluted earnings per share were both -¥0.05, down 66.67% from -¥0.03 in the same period last year[4] - The net loss for Q1 2025 was CNY 27.80 million, compared to a net loss of CNY 13.88 million in Q1 2024, representing a 100.00% increase in losses[18] - The operating profit for Q1 2025 was CNY -34.28 million, worsening from CNY -12.63 million in Q1 2024[18] Cash Flow - The net cash flow from operating activities was -¥9,800,995.72, a significant decrease of 202.53% compared to ¥9,559,312.21 in the previous year[4] - In Q1 2025, the cash inflow from operating activities was CNY 263,489,258.43, a decrease of 20.3% compared to CNY 330,559,748.72 in Q1 2024[21] - The cash inflow from financing activities totaled CNY 132,096,100.11, a decrease of 37.7% from CNY 212,260,536.92 in Q1 2024[22] - The net cash flow from financing activities was CNY -6,504,490.67, compared to a positive CNY 31,895,371.58 in Q1 2024[22] - The total cash inflow from operating activities was significantly impacted by a decline in sales revenue, reflecting broader market challenges[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,222,342,262.22, down 2.35% from ¥1,251,695,374.87 at the end of the previous year[5] - Total liabilities remained relatively stable at CNY 841.25 million, slightly down from CNY 841.66 million[15] - The equity attributable to shareholders of the parent company decreased from CNY 259.02 million to CNY 236.01 million[15] - The cash and cash equivalents decreased from RMB 63,838,138.87 to RMB 39,351,154.26, indicating a decline of approximately 38.5%[13] Market Conditions - The decline in revenue and profit was primarily attributed to severe overseas inflation and a weak market, leading to decreased sales and lower product prices[7] - The company is facing challenges due to market conditions, impacting overall profitability and cash flow[7] Shareholder Information - The total number of common shareholders at the end of the reporting period is 22,083[10] - The largest shareholder, LEXIN INTERNATIONAL INC, holds 78,669,500 shares, representing approximately 27.01% of total shares[10] - The actual controllers hold a combined 46.76% of the company's shares through indirect holdings[11] Other Financial Metrics - The weighted average return on equity was -9.14%, a decrease of 6.07 percentage points from -3.07% year-over-year[5] - Research and development expenses for Q1 2025 were CNY 2.38 million, down 40.10% from CNY 3.99 million in Q1 2024[18] - The company reported a deferred income tax asset of CNY 95.34 million, an increase from CNY 88.60 million in the previous period[15] - Non-recurring gains and losses for the period amounted to -¥26,372.02, with government subsidies contributing ¥232,406.55[6] Inventory and Receivables - Accounts receivable increased from RMB 65,008,773.09 to RMB 90,297,775.30, reflecting a growth of about 38.9%[13] - Inventory decreased from RMB 291,502,907.98 to RMB 281,652,541.29, showing a reduction of approximately 3.4%[13]