Genew(SH:688418)2025-04-29 15:53Financial Performance - The company's operating revenue for Q1 2025 was ¥168,492,571.31, a decrease of 6.36% compared to ¥179,943,616.32 in the same period last year[4] - Net profit attributable to shareholders decreased by 71.00% to ¥2,028,242.28 from ¥6,993,000.48 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥1,956,263.87, down 59.27% from ¥4,803,111.41 in the previous year[4] - Basic and diluted earnings per share fell by 71.07% to ¥0.0105 from ¥0.0363 in the same quarter last year[5] - Net profit for Q1 2025 was ¥946,000.25, a significant decline of 73.9% from ¥3.64 million in Q1 2024[20] - The company reported a total comprehensive income of ¥1.32 million for Q1 2025, down from ¥4.31 million in Q1 2024[20] Research and Development - Research and development expenses totaled ¥42,739,035.56, representing 25.37% of operating revenue, a slight decrease from 25.66% year-on-year[5] - The company has ongoing research and development efforts, particularly in data resources, with development expenditures of ¥20,416,181.77[15] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,874,378,372.87, down 3.81% from ¥1,948,633,609.09 at the end of the previous year[5] - The company's current assets totaled ¥1,540,914,105.75, down from ¥1,624,856,724.95 at the end of 2024, indicating a decline of approximately 5.2%[14] - The company's cash and cash equivalents decreased to ¥175,455,586.62 from ¥318,657,749.04, representing a decline of about 45%[14] - The accounts receivable stood at ¥557,432,939.08, slightly down from ¥594,496,868.84, reflecting a decrease of approximately 6.2%[14] - The company's total liabilities were ¥807,637,335.76, down from ¥922,815,801.50, indicating a reduction of about 12.5%[16] - The company's equity attributable to shareholders increased to ¥922,889,637.90 from ¥906,053,836.69, showing a growth of approximately 1.9%[16] Cash Flow - The net cash flow from operating activities improved to -¥45,030,725.73, an improvement from -¥71,724,455.08 in the previous year[4] - Cash flow from operating activities showed a net outflow of ¥45.03 million in Q1 2025, an improvement from a net outflow of ¥71.72 million in Q1 2024[23] - Cash flow from investing activities resulted in a net outflow of ¥70.36 million in Q1 2025, compared to a net outflow of ¥9.39 million in Q1 2024[24] - Cash flow from financing activities recorded a net outflow of ¥27.87 million in Q1 2025, contrasting with a net inflow of ¥64.07 million in Q1 2024[24] Market Expansion - The company signed a framework agreement for the "Democratic Republic of the Congo National Backbone Fiber Optic Broadband Network Project" with a total budget of $1.5 billion (excluding tax)[11] - The company is actively pursuing market expansion opportunities, as evidenced by the significant contract signed for the broadband network project[11]