Revenue and Profit - The company achieved total revenue of 296 million yuan in Q1 2025, representing a year-on-year increase of 6.5% [2] - However, the net profit attributable to shareholders was 35.895 million yuan, a year-on-year decrease of 8.89%, while the non-recurring net profit was 22.7126 million yuan, down 31.39% year-on-year [2] Profitability and Expenses - The gross profit margin was 18.63%, a decrease of 20.92 percentage points compared to the same period last year [3] - The net profit margin was 12.12%, down 14.45 percentage points year-on-year [3] - Total selling, administrative, and financial expenses reached 18.0818 million yuan, accounting for 6.11% of revenue, which is a year-on-year increase of 55.89% [3] Cash Flow and Accounts Receivable - The operating cash flow per share was -0.13 yuan, a decrease of 127.72% year-on-year, indicating poor cash flow from operating activities [4] - Accounts receivable amounted to 359 million yuan, representing 283.32% of the latest annual net profit, highlighting significant risks in accounts receivable recovery [4] Assets and Liabilities - Cash and cash equivalents were 442 million yuan, a decrease of 32.06% compared to the same period last year [5] - Interest-bearing liabilities were 48.8831 million yuan, a year-on-year decrease of 23.21%, indicating improved debt management [5] Overall Summary - Overall, the company experienced revenue growth in Q1 2025, but profit levels declined, particularly in non-recurring net profit. Attention is needed on cash flow management and accounts receivable recovery to ensure future sustainable development [6]
同星科技2025年一季度业绩下滑，需关注现金流及应收账款