Revenue and Profit - The company reported total revenue of 42.1272 million yuan for Q1 2025, representing a year-on-year increase of 21.58% [1] - The net profit attributable to shareholders was 5.1263 million yuan, a year-on-year decrease of 23.98% [1] - The net profit excluding non-recurring items was 2.0886 million yuan, down 52.84% year-on-year [1] Key Financial Indicators - The company's accounts receivable significantly increased to 304 million yuan, with a year-on-year growth of 45.65% [3] - Cash and cash equivalents amounted to 284 million yuan, reflecting a year-on-year increase of 101.06% [3] Debt and Financing - The company has healthy cash assets, with interest-bearing liabilities at 52,800 yuan, an increase of 4.24% year-on-year [4] - Cumulative financing since listing totals 926 million yuan, with cumulative dividends amounting to 36.6 million yuan, resulting in a dividend-to-financing ratio of 0.04 [4] Profitability Metrics - Gross margin was 37.03%, a decrease of 12.66 percentage points year-on-year [6] - Net margin stood at 12.17%, down 37.47 percentage points year-on-year [6] - Operating expenses accounted for 17.09% of revenue, an increase of 1.86 percentage points year-on-year [6] Earnings Per Share - Earnings per share were 0.09 yuan, a decrease of 24.02% year-on-year [6] - The company reported a negative operating cash flow per share of -0.51 yuan, down 1.69 year-on-year [6] - The book value per share increased to 20.69 yuan, reflecting a year-on-year growth of 2.13% [6]
ST恒宇：2025年一季度营收增长但盈利能力下滑，需关注现金流与应收账款