亚士创能(603378) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥103,762,041.18, a decrease of 64.81% compared to ¥294,864,068.23 in the same period last year[4] - The net loss attributable to shareholders was ¥92,587,093.22, compared to a loss of ¥81,734,642.90 in the previous year, indicating a worsening financial performance[4] - Basic and diluted earnings per share were both -¥0.22, compared to -¥0.19 in the same period last year[5] - The net profit for the first quarter of 2025 was -92,587,093.22 RMB, compared to -81,734,642.90 RMB in the same period of 2024, indicating a year-over-year decline of approximately 13.5%[18] - Total revenue from sales of goods and services in the first quarter of 2025 was 226,582,372.99 RMB, down from 426,447,239.98 RMB in the first quarter of 2024, representing a decrease of about 46.8%[20] Cash Flow and Liquidity - The net cash flow from operating activities was -¥249,015,389.87, slightly improved from -¥269,775,344.64 year-on-year[4] - Operating cash flow for the first quarter of 2025 was -249,015,389.87 RMB, slightly improved from -269,775,344.64 RMB in the first quarter of 2024[21] - The company reported a total cash inflow from operating activities of 258,870,742.65 RMB in the first quarter of 2025, down from 469,405,977.36 RMB in the same period of 2024, a decrease of approximately 44.8%[21] - Cash and cash equivalents decreased to RMB 300,857,877.03 as of March 31, 2025, from RMB 582,605,618.78 as of December 31, 2024, representing a decline of 48.5%[13] - Cash and cash equivalents at the end of the first quarter of 2025 were 65,836,077.39 RMB, significantly lower than 313,199,674.15 RMB at the end of the first quarter of 2024, a decline of about 78.9%[22] Assets and Liabilities - Total assets decreased by 7.03% to ¥5,895,199,592.98 from ¥6,341,138,711.37 at the end of the previous year[5] - Total liabilities decreased to RMB 4,678,338,730.28 as of March 31, 2025, from RMB 5,031,692,385.66 as of December 31, 2024, a decrease of 7.0%[16] - The company’s total liabilities increased, with cash outflow for debt repayment reaching 928,731,277.53 RMB in the first quarter of 2025, compared to 585,437,099.35 RMB in the same period of 2024, an increase of approximately 58.6%[22] Shareholder Information - The company had a total of 15,870 common shareholders at the end of the reporting period[10] - The top shareholder, Shanghai Chuangnengming Investment Co., Ltd., holds 18.35% of the shares, with 65,160,000 shares pledged[10] Operating Costs and Expenses - Total operating costs for Q1 2025 were RMB 221,581,928.29, down 45.0% from RMB 404,440,018.58 in Q1 2024[17] - The company incurred research and development expenses of 6,725,250.37 RMB in the first quarter of 2025, compared to 15,040,510.20 RMB in the same period of 2024, reflecting a reduction of approximately 55.3%[18] - Financial expenses decreased to 26,026,959.98 RMB in the first quarter of 2025 from 33,768,327.82 RMB in the first quarter of 2024, a decline of about 23.1%[18] Non-Recurring Items - Non-recurring gains and losses amounted to ¥10,131,522.49, with government subsidies contributing ¥11,600,939.55[6][7] Other Financial Metrics - The decline in operating revenue was primarily due to external environmental factors affecting project commencement and construction progress[8] - Accounts receivable decreased to RMB 1,429,529,618.26 as of March 31, 2025, from RMB 1,616,485,442.89 as of December 31, 2024, a reduction of 11.6%[14] - Inventory decreased slightly to RMB 105,249,571.94 as of March 31, 2025, from RMB 108,023,876.99 as of December 31, 2024, a decline of 2.6%[14] - The company’s non-current assets totaled RMB 3,717,321,481.23 as of March 31, 2025, a slight increase from RMB 3,707,483,670.58 as of December 31, 2024[15] - The company’s equity attributable to shareholders decreased to RMB 1,216,860,862.70 as of March 31, 2025, from RMB 1,309,446,325.71 as of December 31, 2024, a decline of 7.1%[16]