爱美客Q1营收同比降17.90%，净利润同比降15.87% | 财报见闻

Core Viewpoint - The company reported a significant decline in both revenue and net profit for Q1 2025, with revenue down 17.90% and net profit down 15.87% compared to the same period last year [1][2][5]. Financial Performance - Q1 revenue was 663.47 million yuan, a decrease of 17.90% from 808.09 million yuan in the same period last year [1][5]. - The net profit attributable to shareholders was 443.74 million yuan, down 15.87% from 527.44 million yuan year-on-year [1][5]. - The non-recurring profit and loss for Q1 reached 42.21 million yuan, which partially supported the performance, with significant contributions from government subsidies and financial asset gains [2][5]. - The net profit after deducting non-recurring items was 401.53 million yuan, reflecting a 24.02% decline compared to the previous year [1][2][5]. - Basic earnings per share were 1.47 yuan, a decrease of 16% from 2.45 yuan in the same period last year [1][5]. - The net cash flow from operating activities was 332.90 million yuan, down 37.99% year-on-year [1][2][5]. Asset and Investment Overview - Total assets at the end of the reporting period reached 8.72 billion yuan, an increase of 4.50% from the end of the previous year [1][2]. - The company's cash holdings increased significantly, with cash and cash equivalents amounting to 3.55 billion yuan, a rise of 134.10% compared to the beginning of the period [2]. - The company is actively engaging in external investments, as indicated by the increase in other receivables and equity investments [3].