SANQI HUYU(SZ:002555) Sou Hu Cai Jing·2025-07-29 17:49Core Viewpoint - The financial performance of Sanqi Interactive Entertainment (三七互娱) shows a decline in revenue and net profit for the first quarter of 2025, indicating potential challenges ahead for the company [1]. Financial Performance - As of July 29, 2025, Sanqi Interactive Entertainment's stock closed at 16.98 yuan, with a slight increase of 0.41% [1]. - The total revenue for Q1 2025 was 4.243 billion yuan, representing a year-on-year decrease of 10.67% [1]. - The net profit attributable to shareholders was 549 million yuan, down 10.87% year-on-year [1]. - The non-recurring net profit was 536 million yuan, reflecting a 12.90% decrease compared to the previous year [1]. - The company's liquidity ratios are as follows: current ratio at 1.674 and quick ratio at 1.674, with a debt-to-asset ratio of 33.30% [1]. Capital Flow - On the day of reporting, the main capital flow showed a net outflow of 43.96 million yuan, accounting for 5.73% of the total transaction amount [1]. - Specifically, there was a net outflow of 25.08 million yuan from large orders, representing 3.27% of the transaction amount [1]. - Small orders saw a net inflow of 54.71 million yuan, which is 7.14% of the total transaction amount [1]. Company Background - Sanqi Interactive Entertainment Network Technology Group Co., Ltd. was established in 1995 and is located in Wuhu City, primarily engaged in internet and related services [2]. - The company has a registered capital of 22.12 billion yuan and a paid-in capital of 1.34 billion yuan [1]. - The legal representative of the company is Xu Zhigao [1]. Investment Activities - The company has made investments in 14 external enterprises and has participated in 5 bidding projects [2]. - It holds 53 patent information records [2].