罗普斯金2025年一季度业绩下滑，需关注现金流及应收账款

Revenue and Profit - The company achieved total operating revenue of 380 million yuan in Q1 2025, representing a year-on-year increase of 15.87% [2] - However, the net profit attributable to shareholders was 13.93 million yuan, a year-on-year decrease of 28.67%, while the net profit after deducting non-recurring gains and losses was 11.02 million yuan, down 23.69% year-on-year [2] Profitability - The company's gross margin was 12.69%, a decrease of 9.38 percentage points compared to the same period last year [3] - The net profit margin was 3.9%, reflecting a year-on-year decline of 37.26% [3] - Earnings per share were 0.02 yuan, down 28.72% year-on-year [3] Cash Flow and Accounts Receivable - The operating cash flow per share was -0.11 yuan, a significant decrease of 411.23% year-on-year, indicating poor cash flow from operating activities [4] - Accounts receivable reached 752 million yuan, accounting for 1471.91% of the latest annual net profit, which may adversely affect future cash flow [4] Costs and Expenses - Total operating expenses (selling, administrative, and financial expenses) amounted to 24.60 million yuan, representing 6.47% of revenue, which is a year-on-year decrease of 14.28% [5] - The company needs to focus on expense control to ensure improvement in profitability [5] Summary - Overall, while the company experienced revenue growth in Q1 2025, profit levels showed a significant decline, particularly in net profit margin and earnings per share [6] - The company must pay special attention to cash flow management and accounts receivable to improve future financial health [6]