BLEST(SH:603959)2025-04-29 15:33Financial Performance - The company's operating revenue for Q1 2025 was CNY 318,036,293.50, representing a year-on-year increase of 17.92% compared to CNY 269,704,873.73 in the same period last year[4] - The net profit attributable to shareholders of the listed company improved to a loss of CNY 30,954,104.96, a 63.19% reduction from the loss of CNY 84,085,454.62 in the previous year[4] - The basic and diluted earnings per share were both CNY -0.06, showing a 64.71% improvement from CNY -0.17 in the same period last year[4] - The company reported a 64.02% reduction in net profit attributable to shareholders after deducting non-recurring gains and losses, amounting to CNY -30,273,206.33 compared to CNY -84,149,353.28 last year[4] - Net profit for Q1 2025 was CNY -33,128,589.61, an improvement from CNY -89,854,438.14 in Q1 2024, representing a 63.1% reduction in losses[18] Cash Flow and Liquidity - The net cash flow from operating activities was CNY -85,053,601.94, a significant decline of 297.06% compared to CNY -21,421,102.69 in the previous year[4] - Cash flow from operating activities showed a net outflow of CNY -85,053,601.94, worsening from CNY -21,421,102.69 in the previous year[21] - Cash and cash equivalents at the end of Q1 2025 totaled CNY 64,238,345.97, down from CNY 147,573,604.98 at the end of Q1 2024[21] - The company's cash and cash equivalents decreased to CNY 205,772,077.16 from CNY 244,309,045.12, representing a decline of approximately 15.66%[14] - Investment activities resulted in a net cash outflow of CNY -253,404.23, compared to CNY -2,961,985.97 in Q1 2024[21] - Financing activities generated a net cash inflow of CNY 19,839,195.39, down from CNY 34,120,095.40 in the same period last year[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,620,902,493.92, down 6.98% from CNY 2,817,617,437.15 at the end of the previous year[5] - Current assets totaled CNY 1,970,697,408.01, down from CNY 2,155,963,222.29, indicating a decrease of about 8.58%[15] - Total liabilities were CNY 2,496,097,179.93, down from CNY 2,659,683,533.55, indicating a decrease of about 6.15%[16] - The total amount of contract liabilities decreased to CNY 352,140,772.67 from CNY 401,869,605.63, indicating a decline of approximately 12.25%[16] - The company's equity attributable to shareholders decreased by 22.24% to CNY 108,223,571.20 from CNY 139,177,676.16 at the end of the previous year[5] - The company's equity attributable to shareholders decreased to CNY 108,223,571.20 from CNY 139,177,676.16, a decline of approximately 22.24%[16] Research and Development - The company experienced a 58.20% decrease in R&D expenses, attributed to the initial phase of annual projects[8] - The company reported a significant increase in research and development expenses, totaling CNY 14,182,924.40 in Q1 2025, compared to CNY 33,931,553.52 in Q1 2024[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,499[10] Accounting Standards - The new accounting standards or interpretations will be implemented starting from 2025, affecting the financial statements from the beginning of that year[22]