SPEG(SH:600679)2025-04-29 16:30Financial Performance - The company's operating revenue for Q1 2025 was CNY 656,723,976.89, representing an increase of 11.48% compared to CNY 589,106,639.09 in the same period last year[4]. - The net profit attributable to shareholders was CNY 30,680,991.45, up by 7.97% from CNY 28,415,584.17 year-on-year[4]. - Total operating revenue for Q1 2025 reached ¥656.72 million, a 11.5% increase from ¥589.11 million in Q1 2024[16]. - Net profit for Q1 2025 was ¥30.99 million, representing a 10.0% increase compared to ¥28.19 million in Q1 2024[16]. - The company reported a total comprehensive income of ¥29.82 million for Q1 2025, down from ¥33.28 million in Q1 2024[18]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -200,554,132.34, a significant decrease of 887.74% compared to CNY 25,459,378.67 in the previous year[4]. - Cash flow from operating activities showed a net outflow of ¥200.55 million in Q1 2025, contrasting with a net inflow of ¥25.46 million in Q1 2024[19]. - Cash and cash equivalents decreased significantly from ¥907,656,008.39 to ¥492,067,735.62, a decline of approximately 45.8%[13]. - Cash and cash equivalents at the end of Q1 2025 were ¥415.85 million, down from ¥778.18 million at the end of Q1 2024[19]. - Investment activities resulted in a net cash outflow of ¥204.89 million in Q1 2025, compared to a net inflow of ¥303.15 million in Q1 2024[19]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,279,386,820.18, down by 1.26% from CNY 3,321,304,338.23 at the end of the previous year[4]. - The company's current assets totaled ¥1,753,204,860.95, down from ¥1,783,892,292.69, indicating a decrease of about 1.72%[13]. - The total liabilities decreased from ¥1,273,462,369.66 to ¥1,215,944,652.67, representing a reduction of approximately 4.5%[14]. - The company's equity attributable to shareholders increased slightly from ¥2,033,832,956.40 to ¥2,049,126,214.55, showing an increase of about 0.75%[14]. - The total non-current assets slightly decreased from ¥1,537,412,045.54 to ¥1,526,181,959.23, a decline of about 0.76%[13]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 55,971[10]. - The largest shareholder, Shanghai Jinshan District State-owned Assets Supervision and Administration Commission, holds 22.78% of the shares[10]. Expenses and Costs - The company experienced a 99.60% increase in selling expenses, primarily due to higher costs related to store renovations, transportation, and marketing[6]. - Total operating costs increased to ¥621.76 million in Q1 2025, up 11.6% from ¥556.83 million in Q1 2024[16]. - The company's financial expenses showed a net income of ¥1.74 million in Q1 2025, compared to a net expense of ¥2.93 million in Q1 2024[16]. Other Financial Metrics - The weighted average return on equity increased by 0.19 percentage points to 1.4972% from 1.3078% year-on-year[4]. - The company reported a net loss of ¥-156,977,275.89 for the period, an improvement from a loss of ¥-187,658,267.34 in the previous period[14]. - The company's accounts receivable rose from ¥330,709,931.47 to ¥593,494,170.06, an increase of about 79.5%[13]. - The contract liabilities increased from ¥43,191,792.88 to ¥70,031,751.95, reflecting a growth of approximately 62.3%[14]. - The company reported a significant increase in contract assets by 349.28%, indicating a rise in sales contracts recognized during the period[6]. - The company recorded a 294.23% increase in trading financial assets, mainly due to an increase in bank wealth management products[6]. - Basic and diluted earnings per share for Q1 2025 were both ¥0.0595, compared to ¥0.0551 in Q1 2024[18].