Zhong Guo Jing Ji Wang·2025-06-09 06:36Core Viewpoint - The company, Zhuhai Design (筑博设计), reported significant declines in revenue and net profit for the year 2024 and the first quarter of 2025, indicating ongoing financial challenges and a downward trend in performance [1][2][3]. Financial Performance Summary - In 2024, the company achieved operating revenue of 436.42 million yuan, a decrease of 35.92% compared to 681.07 million yuan in 2023 [2][4]. - The net profit attributable to shareholders was 30.98 million yuan, down 62.67% from 82.99 million yuan in the previous year [2][4]. - The net profit after deducting non-recurring gains and losses was -32.68 million yuan, contrasting with a profit of 34.28 million yuan in 2023, marking a decline of 195.32% [2][3]. - The net cash flow from operating activities was 8.99 million yuan, a significant drop of 78.77% from 42.35 million yuan in the prior year [2][4]. Q1 2025 Performance Summary - For the first quarter of 2025, the company reported operating revenue of 57.94 million yuan, a decrease of 13.36% year-on-year [3]. - The net profit attributable to shareholders was -2.77 million yuan, an improvement from -5.35 million yuan in the same period of the previous year [3]. - The net profit after excluding non-recurring items was -3.74 million yuan, also showing improvement from -6.07 million yuan year-on-year [3]. - The net cash flow from operating activities was -21.11 million yuan, a significant improvement from -70.90 million yuan in the previous year [3]. Historical Financial Data - From 2021 to 2023, the company's operating revenue decreased from 1.03 billion yuan in 2021 to 681.07 million yuan in 2023 [4]. - The net profit attributable to shareholders also declined from 171.47 million yuan in 2021 to 82.99 million yuan in 2023 [4]. - The net profit after excluding non-recurring items fell from 110.40 million yuan in 2021 to 34.28 million yuan in 2023 [4].