佳华科技(688051) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was RMB 55.57 million, a decrease of 44.46% compared to RMB 100.06 million in the same period last year[2]. - The net profit attributable to shareholders was a loss of RMB 13.29 million, compared to a loss of RMB 9.38 million in the previous year, reflecting a decrease of 41.71%[2][7]. - The net cash flow from operating activities was a negative RMB 32.37 million, a decline of 113.71% from RMB -15.15 million year-on-year[2][7]. - The company reported a net loss of CNY 401,486,779.60 for the period, compared to a net loss of CNY 388,196,896.08 at the end of 2024[16]. - The company's net profit for Q1 2025 was -13,760,376.90 RMB, compared to -7,938,271.35 RMB in Q1 2024, representing an increase in net loss of approximately 73%[20]. - Operating profit for Q1 2025 was -13,420,404.99 RMB, worsening from -7,049,886.89 RMB in the same period last year[20]. - Total revenue from sales and services in Q1 2025 was 48,493,439.42 RMB, down from 67,156,758.39 RMB in Q1 2024, indicating a decline of about 28%[22]. - The cash flow from operating activities in Q1 2025 was -32,366,884.89 RMB, compared to -15,145,304.53 RMB in Q1 2024, reflecting a worsening cash flow situation[23]. - The basic earnings per share for Q1 2025 was -0.17 RMB, compared to -0.12 RMB in Q1 2024[21]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 1,007.76 million, a decrease of 1.81% from RMB 1,026.32 million at the end of the previous year[3]. - Total liabilities as of March 31, 2025, were CNY 309,727,404.07, down from CNY 314,527,617.77 at the end of 2024[15]. - The company's total equity as of March 31, 2025, was CNY 698,033,200.31, a decrease from CNY 711,793,577.21 at the end of 2024[16]. - Cash and cash equivalents as of March 31, 2025, were CNY 80,111,653.19, slightly down from CNY 80,346,375.99 at the end of 2024[13]. - Accounts receivable increased to CNY 381,227,943.97 as of March 31, 2025, compared to CNY 377,780,310.13 at the end of 2024[14]. - Inventory as of March 31, 2025, was CNY 35,427,923.07, up from CNY 34,991,410.27 at the end of 2024[14]. Research and Development - Research and development expenses totaled RMB 11.21 million, accounting for 20.17% of operating revenue, an increase of 5.52 percentage points compared to 14.64% last year[3]. - The company's total expenses for R&D in Q1 2025 were 7,160,322.82 RMB, down from 12,940,729.70 RMB in Q1 2024, indicating a reduction of approximately 44%[20]. - The company plans to continue focusing on R&D and market expansion despite the current financial challenges[2]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 4,563[9]. - The largest shareholder, Shanghai Baiyu Information Technology Co., Ltd., holds 31.63% of the shares[10]. Cash Flow and Investment - Investment activities generated a net cash flow of 16,728,048.33 RMB in Q1 2025, down from 61,996,900.26 RMB in Q1 2024[23]. - The company reported a cash and cash equivalents balance of 79,284,903.19 RMB at the end of Q1 2025, a decrease from 105,226,620.61 RMB at the end of Q1 2024[24]. - The total cash inflow from operating activities in Q1 2025 was 52,755,631.23 RMB, down from 72,840,967.90 RMB in Q1 2024, a decline of about 27%[22]. Financial Ratios - The weighted average return on equity was -1.86%, down from -1.15% in the previous year[3]. - The company incurred financial expenses of 304,615.70 RMB in Q1 2025, slightly up from 288,582.54 RMB in Q1 2024[20].