YZNM(SZ:002652) Zheng Quan Ri Bao·2025-04-28 23:58Core Viewpoint - The company has disclosed its first-quarter report for 2025, ensuring the accuracy and completeness of the financial information presented, with no significant omissions or misleading statements [2][10][20]. Financial Data Summary - The company reported a 36.66% decrease in cash and cash equivalents compared to the beginning of the period, primarily due to reduced sales collections and repayment of bank loans [4]. - Prepayments increased by 94.28%, attributed to higher advance payments for raw material purchases [4]. - Accounts payable decreased by 48.55%, mainly due to payments made for raw materials [4]. - Net cash flow from operating activities decreased by 105.36% year-on-year, resulting from a decline in revenue [5]. - Net cash flow from investing activities increased by 1.0988 million yuan year-on-year, due to the recovery of external investment funds [5]. - Net cash flow from financing activities increased by 62.43% year-on-year, primarily due to a reduction in bank loan repayments [5]. - Employee compensation payable decreased by 66.89% compared to the beginning of the period, due to the distribution of last year's performance bonuses [7]. - Tax payable decreased by 34.97%, mainly due to a reduction in value-added tax [7]. - Research and development expenses decreased by 38.34% year-on-year, attributed to reduced investment in R&D projects [7]. - Investment income decreased by 63.36% year-on-year, mainly due to a reduction in discount interest on notes [7]. Shareholder Information - The company has not reported any changes in the top ten shareholders or any significant shareholder lending activities [5]. Other Important Matters - The company is actively pursuing the recovery of external investment funds, with a total of 31.7482 million yuan owed by a partner, which has led to arbitration proceedings due to non-payment [6]. - A wholly-owned subsidiary has provided a guarantee for a financing loan of up to 5 million yuan from China Everbright Bank [7]. Board and Supervisory Meetings - The board of directors and the supervisory board have both approved the first-quarter report, confirming that the report complies with legal and regulatory requirements [12][20]. - The company has appointed a new securities affairs representative, Zhou Zexu, whose qualifications meet the necessary regulatory standards [24][26].