M.R.Tech(SZ:300766) Zheng Quan Zhi Xing·2025-04-29 00:06Financial Overview - The overall performance of the company in Q1 2025 showed a significant decline, with total revenue at 99.1861 million yuan, a decrease of 0.96% year-on-year; net profit attributable to shareholders was -16.5332 million yuan, down 336.39% year-on-year; and net profit excluding non-recurring items was -17.9109 million yuan, a decrease of 247.04% year-on-year [2]. Profitability Analysis - The company's gross margin was 61.23%, a decrease of 21.37 percentage points year-on-year; the net margin was -18.36%, a substantial decline of 587.53 percentage points, indicating significant challenges in cost control and profitability [3]. Costs and Expenses - Total selling, administrative, and financial expenses amounted to 53.0594 million yuan, accounting for 53.49% of total revenue, an increase of 6.7 percentage points compared to the same period last year, reflecting increased pressure on operational costs [4]. Assets and Cash Flow - As of the end of the reporting period, the company's cash and cash equivalents were 273 million yuan, a decrease of 45.02% year-on-year; accounts receivable were 167 million yuan, an increase of 22.12% year-on-year; operating cash flow per share was -0.2 yuan, a decrease of 62.0% year-on-year, indicating risks in fund management and cash flow [5]. Other Key Indicators - The net asset value per share was 3.96 yuan, a decrease of 2.49% year-on-year; earnings per share were -0.04 yuan, down 335.05% year-on-year; interest-bearing debt was 1.0636 million yuan, a decrease of 36.00% year-on-year [6]. Summary - Overall, the company's performance in Q1 2025 was weak, particularly in terms of profitability and cash flow. The company needs to closely monitor accounts receivable collection and implement effective measures to improve cash flow for sustainable future development [7].