YONGYUE(SH:603879)2025-04-29 15:30Financial Performance - The company's operating revenue for Q1 2025 was ¥60,839,746.91, representing a decrease of 6.05% compared to ¥64,758,238.61 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥5,836,666.46, an improvement from a loss of ¥12,182,096.45 in the previous year[4] - The total revenue for Q1 2025 was approximately ¥82.03 million, an increase of 4.0% compared to ¥78.47 million in Q1 2024[25] - The net profit for Q1 2025 was a loss of ¥5.84 million, improving from a loss of ¥12.19 million in Q1 2024, representing a 52.0% reduction in losses[22] - The total comprehensive income attributable to the parent company for Q1 2025 was -¥5.84 million, compared to -¥11.90 million in Q1 2024, indicating a significant improvement[23] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥2,634,025.03, worsening from a negative cash flow of ¥571,495.31 in the same period last year[4] - The net cash flow from operating activities for Q1 2025 was -¥2.63 million, worsening from -¥0.57 million in Q1 2024[26] - Cash and cash equivalents decreased by 31.42%, mainly due to payments for goods and daily operating expenses[8] - Cash and cash equivalents at the end of Q1 2025 were ¥22.91 million, down from ¥61.42 million at the end of Q1 2024[27] - The cash flow from financing activities in Q1 2025 resulted in a net outflow of ¥8.05 million, compared to a net outflow of ¥6.32 million in Q1 2024[27] Assets and Liabilities - The total assets decreased by 8.59% to ¥306,448,952.93 from ¥335,243,544.19 at the end of the previous year[5] - Total assets as of March 31, 2025, were CNY 306,448,952.93, down from CNY 335,243,544.19 as of December 31, 2024[17] - Total liabilities decreased to CNY 47,679,998.42 from CNY 71,035,021.66, a reduction of 32.9%[17] - The company’s equity attributable to shareholders was CNY 258,604,816.07, down from CNY 264,041,958.35[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,006[11] - The largest shareholder, Jiangsu Huaying Enterprise Management Co., Ltd., holds 62,159,500 shares, accounting for 17.30% of total shares[11] - The company’s controlling shareholder, Jiangsu Huaying, is in the process of transferring shares, which will increase its holding to 29.9989%[13] Operational Metrics - Total operating costs for Q1 2025 were CNY 69,875,440.86, down 13.0% from CNY 80,308,798.21 in Q1 2024[21] - Operating profit for Q1 2025 was a loss of CNY 7,180,206.37, an improvement from a loss of CNY 15,000,412.91 in Q1 2024[21] - The company incurred operating expenses of ¥84.97 million in Q1 2025, compared to ¥79.53 million in Q1 2024, reflecting a 6.0% increase[26] Tax and Non-Recurring Items - The company reported non-recurring gains of ¥29,573.67, primarily from government subsidies and other non-operating income[7] - The company reported a tax expense of -¥1.33 million in Q1 2025, down from -¥2.82 million in Q1 2024, indicating a reduction in tax liabilities[22] Other Notable Events - The company has received a notice regarding the detention of its actual controller, which may pose investment risks[13] - The basic and diluted earnings per share for Q1 2025 were both -¥0.0162, compared to -¥0.0338 in Q1 2024[23] - Accounts receivable decreased to CNY 69,524,124.75 from CNY 86,558,019.00, a reduction of 19.7%[14] - The company reported a total of ¥15,500 in cash inflow from investment activities in Q1 2025, compared to a cash outflow of ¥2,543 in Q1 2024[26]