HSGC(600774)2025-04-29 16:30Financial Performance - The company's operating revenue for Q1 2025 was CNY 257,418,265.66, a decrease of 23.51% compared to CNY 336,558,236.01 in the same period last year[5] - Net profit attributable to shareholders was CNY 2,761,438.28, down 78.21% from CNY 12,671,739.22 year-on-year[5] - Basic earnings per share decreased by 78.14% to CNY 0.0094 from CNY 0.0430 in the same period last year[5] - Total operating revenue for Q1 2025 was ¥257.42 million, a decrease of 23.4% compared to ¥336.56 million in Q1 2024[26] - Net profit for Q1 2025 was ¥1.23 million, a decline of 87.3% from ¥9.62 million in Q1 2024[27] - The total comprehensive income for Q1 2025 was ¥1.23 million, a significant drop from ¥9.63 million in Q1 2024[27] Cash Flow - The net cash flow from operating activities was negative CNY 4,350,064.43, a decline of 107.95% compared to CNY 54,745,928.03 in the previous year[5] - Operating cash flow for Q1 2025 was negative at -¥4.35 million, compared to positive cash flow of ¥54.75 million in Q1 2024[30] - Cash inflow from operating activities totaled 194,882,122.09, compared to 263,062,501.37 in the same period last year, indicating a decrease of about 26%[40] - Cash outflow from operating activities was 178,895,582.44, down from 224,010,554.00, reflecting a reduction of approximately 20%[40] - The cash flow from financing activities for Q1 2025 was CNY 61,692,723.15, a significant improvement from a net cash outflow of CNY 51,657,920.84 in Q1 2024[31] - The net cash flow from financing activities was 42,356,460.48, a significant improvement compared to -49,062,450.57 in the previous year[41] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,606,523,833.04, an increase of 2.33% from CNY 3,524,394,269.57 at the end of the previous year[6] - The company's total liabilities increased to ¥1.80 billion in 2025 from ¥1.72 billion in 2024, reflecting a growth of 4.5%[23] - The company's total current liabilities reached CNY 1,498,629,755.67, up from CNY 1,428,511,817.17, which is an increase of approximately 4.9%[22] - The company's total assets as of March 31, 2025, amounted to CNY 2,785,516,683.11, up from CNY 2,756,353,497.56 at the end of 2024[34] - The company's total liabilities increased to CNY 1,094,933,122.23 as of March 31, 2025, compared to CNY 1,067,369,267.77 at the end of 2024[34] Investments and Expenses - Research and development expenses for Q1 2025 were ¥9.33 million, an increase of 29.9% compared to ¥7.18 million in Q1 2024[26] - The company reported a decrease in sales expenses to ¥32.31 million in Q1 2025 from ¥81.07 million in Q1 2024, a reduction of 60.1%[26] - The company reported a decrease in operating costs to CNY 7,915,401.95 in Q1 2025 from CNY 8,838,734.50 in Q1 2024, reflecting a cost reduction strategy[37] - The company’s cash outflow from investment activities totaled CNY 24,556,560.71 in Q1 2025, compared to CNY 62,612,081.33 in Q1 2024, indicating a reduction in investment spending[31] Shareholder Information - The company had a total of 16,547 common shareholders at the end of the reporting period[10] - Total equity attributable to shareholders rose slightly to ¥1.66 billion in 2025 from ¥1.66 billion in 2024, indicating a marginal increase of 0.05%[23] Legal and Compliance - The company has several accounts frozen due to legal issues, with a total balance of CNY 379,986.58 in one account as of March 31, 2025, which may impact liquidity[17] - The company has not adopted new accounting standards or interpretations starting from 2025[41]