Revenue and Profit - The company reported total revenue of 105 million yuan in Q1 2025, a decrease of 4.47% compared to the same period last year [1] - Despite the decline in revenue, the net profit attributable to shareholders reached 24.44 million yuan, an increase of 33.98% year-on-year; however, the non-deductible net profit was 16.59 million yuan, down 7.07% year-on-year [1] Costs and Expenses - The total of the three expenses (selling, administrative, and financial expenses) significantly increased, rising from 10.19% of total revenue in the same period last year to 15.34%, marking a 50.57% increase [2] Profitability - The company's gross margin was 36.79%, an increase of 7.95 percentage points year-on-year; the net margin was 24.05%, up 36.14 percentage points year-on-year [3] - However, earnings per share only grew by 3.07%, reaching 0.24 yuan [3] Assets and Cash Flow - As of the end of the reporting period, cash and cash equivalents amounted to 171 million yuan, a significant decrease of 72.73% year-on-year [4] - The operating cash flow per share was -0.13 yuan, a decrease of 143.73% year-on-year, indicating a deterioration in cash flow from operating activities [4] Accounts Receivable and Liabilities - Accounts receivable stood at 145 million yuan, an increase of 13.89% year-on-year, with the ratio of accounts receivable to profit reaching 200.72%, necessitating attention to collection [5] - Interest-bearing liabilities decreased by 25.50%, down to 5.92 million yuan [5] Overall Summary - Overall, the company's financial performance in Q1 2025 showed a trend of declining revenue and increasing expenses; although net profit increased, the impact of non-recurring gains on profit was significant [6] - Additionally, there are concerns regarding cash flow and asset quality [6]
福事特2025年一季度业绩下滑与费用增加引关注