Core Viewpoint - ST Tiexin (000070.SZ) reported a significant decline in both revenue and net profit for Q1 2025, indicating ongoing financial challenges and a need for strategic reassessment [1][3]. Financial Performance - The company's total revenue for Q1 2025 was 790 million yuan, a decrease of 280 million yuan compared to the same period last year, representing a year-on-year decline of 26.16% [1]. - The net profit attributable to shareholders was -15.06 million yuan, down 29.24 million yuan from the previous year, marking a year-on-year decline of 206.19% [1]. - Operating cash flow showed a net outflow of -188 million yuan, a decrease of 15.24 million yuan compared to the same period last year [1]. Financial Ratios - The latest debt-to-asset ratio stood at 69.42%, ranking 85th among peers, with an increase of 1.27 percentage points from the previous quarter but a decrease of 1.65 percentage points from the same period last year [3]. - The gross profit margin was reported at 17.03%, ranking 70th among peers, with a 0.40 percentage point increase from the previous quarter and a 4.60 percentage point increase year-on-year [3]. - Return on equity (ROE) was -1.01%, ranking 68th among peers, reflecting a decrease of 1.75 percentage points compared to the same period last year [3]. Earnings Per Share and Turnover Ratios - The diluted earnings per share were -0.02 yuan, ranking 65th among peers, down 0.03 yuan from the previous year, indicating a year-on-year decline of 206.37% [3]. - The total asset turnover ratio was 0.12 times, ranking 41st among peers, with a decrease of 0.01 times year-on-year, representing a decline of 6.41% [3]. - The inventory turnover ratio was 0.56 times, ranking 53rd among peers, remaining stable compared to the previous year, with a slight year-on-year increase of 0.02% [3]. Shareholder Structure - The number of shareholders was reported at 46,600, with the top ten shareholders holding 382 million shares, accounting for 42.47% of the total share capital [3]. - The largest shareholder, Shenzhen Tefa Group Co., Ltd., holds 36.18% of the shares [3].

Core Insights - The company reported a total revenue of 832 million yuan for Q1 2025, ranking 10th among peers, which is a decrease of 29.61 million yuan or 3.44% year-on-year [1] - The net profit attributable to shareholders was 3.46 million yuan, ranking 24th among peers, reflecting a significant decline of 11.90 million yuan or 77.46% year-on-year [1] - The net cash inflow from operating activities was 37.86 million yuan, ranking 13th among peers, with an increase of 304 million yuan compared to the same period last year [1] Financial Ratios - The latest debt-to-asset ratio is 87.61%, ranking 38th among peers, which is a decrease of 0.33 percentage points from the previous quarter and a decrease of 3.02 percentage points year-on-year [3] - The latest gross profit margin is 15.54%, ranking 23rd among peers, with an increase of 1.01 percentage points from the previous quarter but a decrease of 0.87 percentage points year-on-year [3] - The latest return on equity (ROE) is 0.25%, ranking 26th among peers, which is a decrease of 1.00 percentage point year-on-year [3] Earnings Per Share and Turnover Ratios - The diluted earnings per share is 0.00 yuan, ranking 28th among peers, which is essentially unchanged from the previous period but a decrease of 76.92% year-on-year [3] - The latest total asset turnover ratio is 0.13 times, ranking 14th among peers, which is a decrease of 0.01 times year-on-year, reflecting a decline of 5.84% [3] - The latest inventory turnover ratio is 0.59 times, ranking 30th among peers, with an increase of 0.04 times year-on-year, marking a 7.02% increase and four consecutive years of growth [3] Shareholder Information - The number of shareholders is 139,600, with the top ten shareholders holding 1.522 billion shares, accounting for 38.84% of the total share capital [3] - The largest shareholder is CITIC Guoan Co., Ltd., holding 36.44% of the shares [3]

Core Viewpoint - ST联合 reported a significant decline in revenue and net profit for Q1 2025, indicating ongoing financial challenges and a deteriorating operational performance compared to peers [1][3] Financial Performance - The company's total revenue for Q1 2025 was 87.06 million yuan, a decrease of 35.83 million yuan or 29.16% year-on-year [1] - The net profit attributable to shareholders was -8.54 million yuan, down by 4.16 million yuan compared to the same period last year [1] - Operating cash flow showed a net outflow of -32.84 million yuan, a reduction of 24.51 million yuan year-on-year [1] Key Financial Ratios - The latest debt-to-asset ratio stood at 81.95%, an increase of 3.63 percentage points from the previous quarter and 11.14 percentage points from the same period last year [3] - The gross profit margin was recorded at 6.27%, up by 1.27 percentage points from the previous quarter but down by 3.56 percentage points year-on-year [3] - Return on equity (ROE) was -11.18%, a decrease of 8.42 percentage points compared to the same period last year [3] Earnings Per Share and Turnover Ratios - The diluted earnings per share were -0.02 yuan, a decrease of 0.01 yuan year-on-year [3] - The total asset turnover ratio was 0.20 times, down by 0.01 times year-on-year, reflecting a decline of 6.27% [3] - The inventory turnover ratio was 2.84 times, a decrease of 2.09 times year-on-year, indicating a significant drop of 42.39% [3] Shareholder Structure - The number of shareholders was 27,300, with the top ten shareholders holding 199 million shares, accounting for 39.48% of the total share capital [3] - The largest shareholder, 江西省旅游集团股份有限公司, holds 19.57% of the shares [3]

Core Viewpoint - *ST Gaohong (000851.SZ) reported a significant decline in revenue and net profit for Q1 2025, indicating ongoing financial challenges and a need for strategic reassessment. Financial Performance - As of March 31, 2025, *ST Gaohong's total revenue was 182 million yuan, ranking 57th among peers, a decrease of 182 million yuan or 50.01% year-on-year [1] - The net profit attributable to shareholders was -42.69 million yuan, ranking 82nd among peers, a decline of 149 million yuan or 140.08% year-on-year [1] - Operating cash flow showed a net inflow of 50.52 million yuan, ranking 20th among peers, an increase of 206 million yuan year-on-year, marking two consecutive years of growth [1] Financial Ratios - The latest debt-to-asset ratio was 82.15%, ranking 88th among peers, a decrease of 0.29 percentage points from the previous quarter but an increase of 29.91 percentage points year-on-year [3] - The gross profit margin was 16.53%, ranking 72nd among peers, an increase of 8.05 percentage points from the previous quarter and an increase of 8.42 percentage points year-on-year [3] - Return on equity (ROE) was -7.20%, ranking 86th among peers, a decrease of 10.74 percentage points year-on-year [3] Earnings Per Share and Turnover Ratios - The diluted earnings per share was -0.04 yuan, ranking 71st among peers, a decrease of 0.13 yuan or 142.55% year-on-year [3] - The total asset turnover ratio was 0.04 times, ranking 80th among peers, a decrease of 0.01 times or 17.54% year-on-year [4] - The inventory turnover ratio was 0.30 times, ranking 75th among peers, a decrease of 0.17 times or 36.58% year-on-year [4] Shareholder Information - The number of shareholders was 58,100, with the top ten shareholders holding 201 million shares, accounting for 17.38% of the total share capital [4] - The largest shareholder, Telecom Science and Technology Research Institute Co., Ltd., holds 12.86% of the shares [5]

Core Insights - *ST WanFang (000638.SZ) reported a total operating revenue of 101 million yuan for Q1 2025, an increase of 73.44 million yuan or 265.90% year-on-year [1] - The company recorded a net profit attributable to shareholders of -2.52 million yuan, an improvement of 0.96 million yuan compared to the same period last year, marking three consecutive years of growth [1] - As of March 31, 2025, the company's cash flow from operating activities was -17.60 million yuan, ranking 19th among disclosed peers [1] Financial Ratios - The asset-liability ratio as of March 31, 2025, was 52.74%, a decrease of 1.17 percentage points year-on-year [3] - The gross profit margin was reported at 2.94% [3] - The return on equity (ROE) was -1.71%, an increase of 0.41 percentage points compared to the previous year [3] Efficiency Metrics - The total asset turnover ratio was 0.33 times, ranking first among disclosed peers, with an increase of 0.27 times or 457.36% year-on-year [4] - The inventory turnover ratio was 2.25 times, also ranking first among peers, with an increase of 1.52 times or 207.53% year-on-year [4] Shareholder Structure - The number of shareholders stood at 31,600, with the top ten shareholders holding 130 million shares, accounting for 41.62% of the total share capital [4] - The largest shareholder is Beijing WanFang Yuan Real Estate Development Co., Ltd., holding 29.18% of the shares [4]

Core Viewpoint - *ST Jieneng (000820.SZ) reported a significant decline in revenue and profitability for Q1 2025, indicating ongoing financial challenges and a need for strategic reassessment [1][3]. Financial Performance - As of March 31, 2025, *ST Jieneng's total operating revenue was 11.63 million yuan, ranking 26th among disclosed peers, a decrease of 26.39 million yuan or 69.41% year-on-year [1]. - The net profit attributable to shareholders was -1.83 million yuan, ranking 22nd among peers [1]. - The net cash flow from operating activities was -2.08 million yuan [1]. Financial Ratios - The latest debt-to-asset ratio was 49.00%, ranking 16th among peers, an increase of 8.64 percentage points from the previous quarter [3]. - The gross profit margin stood at 22.26%, ranking 20th among peers [3]. - The return on equity (ROE) was -1.26%, ranking 27th among peers [3]. - The diluted earnings per share were -0.00 yuan, ranking 21st among peers [3]. - The total asset turnover ratio was 0.03 times, ranking 26th among peers, a decrease of 0.09 times or 75.32% year-on-year [3]. - The inventory turnover ratio was 2.77 times, a decrease of 9.32 times or 77.09% year-on-year [3]. Shareholder Structure - The number of shareholders was 28,600, with the top ten shareholders holding 370 million shares, accounting for 57.53% of the total share capital [3]. - The largest shareholder was Shenwu Technology Group Co., Ltd., holding 25.21% [3].

Core Insights - The company reported a significant decline in both revenue and net profit for Q1 2025, with total revenue of 35.52 million yuan, down 27.48% year-on-year, and a net loss of 21.74 million yuan, representing a 230.55% decrease compared to the same period last year [1][3] Financial Performance - Total revenue for Q1 2025 was 35.52 million yuan, ranking 18th among peers, a decrease of 13.46 million yuan from the previous year [1] - Net profit attributable to shareholders was -21.74 million yuan, ranking 16th among peers, a decline of 38.39 million yuan year-on-year [1] - Operating cash flow was -32.54 million yuan, ranking 15th among peers, a decrease of 1.87 million yuan compared to the same period last year [1] Key Ratios - The latest debt-to-asset ratio is 78.91%, ranking 17th among peers, down 18.32 percentage points from the previous quarter and 15.85 percentage points year-on-year [3] - Gross margin stood at 22.77%, ranking 12th among peers, a decrease of 20.25 percentage points from the previous quarter and 70.95 percentage points year-on-year [3] - Return on equity (ROE) was -4.42%, ranking 17th among peers, a decline of 15.23 percentage points compared to the same period last year [3] Earnings Per Share - The diluted earnings per share was -0.05 yuan, ranking 16th among peers, a decrease of 0.09 yuan year-on-year, reflecting a 229.00% decline [3] Asset Turnover - The total asset turnover ratio was 0.02 times, ranking 19th among peers, a decrease of 0.01 times year-on-year, down 28.86% [3] - The inventory turnover ratio was 0.03 times, ranking 19th among peers, an increase of 0.03 times year-on-year, up 760.53% [3] Shareholder Structure - The number of shareholders is 14,900, with the top ten shareholders holding 251 million shares, accounting for 55.12% of the total share capital [3] - The largest shareholder is Zhejiang Yitong Media Investment Co., Ltd., holding 23.83% of the shares [3]

Financial Performance - The company's total revenue is 23.0962 million yuan, ranking 75th among disclosed peers, a decrease of 37.025 million yuan compared to the same period last year, representing a year-on-year decline of 61.58% [1] - The net profit attributable to shareholders is -16.6785 million yuan, ranking 69th among disclosed peers [1] - The net cash inflow from operating activities is -19.0731 million yuan, ranking 47th among disclosed peers, a decrease of 12.7007 million yuan compared to the same period last year [1] Financial Ratios - The latest debt-to-asset ratio is 103.33%, ranking 75th among disclosed peers, an increase of 4.07 percentage points from the previous quarter and an increase of 24.59 percentage points from the same period last year [3] - The latest gross profit margin is -30.55%, ranking 75th among disclosed peers, a decrease of 14.62 percentage points from the previous quarter and a decrease of 27.32 percentage points from the same period last year [3] - The latest return on equity (ROE) is -147.09%, ranking 75th among disclosed peers, a decrease of 132.00 percentage points from the same period last year [3] Earnings Per Share and Turnover Ratios - The diluted earnings per share is -0.10 yuan, ranking 72nd among disclosed peers [4] - The latest total asset turnover ratio is 0.03 times, ranking 75th among disclosed peers, a decrease of 0.03 times compared to the same period last year, representing a year-on-year decline of 50.64% [4] - The latest inventory turnover ratio is 2.08 times [4] Shareholder Information - The number of shareholders is 8,931, with the top ten shareholders holding 56.5071 million shares, accounting for 35.31% of the total share capital [4] - The top shareholders and their respective holding percentages are as follows: - Guangdong Guoli Technology Holdings Co., Ltd. - 12.00% - Quanwei Green Energy Investment (Hainan) Co., Ltd. - 10.06% - Ge Xuyan - 3.83% - Dongguan Shenghe Weiye Investment Co., Ltd. - 3.37% - Chen Zewei - 1.37% - Gong Jianxin - 1.21% - Huang Kaikai - 1.05% - Shengyue Private Fund Management (Hainan) Co., Ltd. - 1.03% - Shenchip Micro (Shanghai) Semiconductor Technology Co., Ltd. - 0.78% - Huang Yongfei - 0.61% [4]

Core Viewpoint - *ST Dongyi reported a significant decline in revenue and net profit for Q1 2025, indicating ongoing financial challenges and a deteriorating operational performance [1][3][4]. Financial Performance - As of March 31, 2025, *ST Dongyi's total revenue was 167 million yuan, ranking 14th among disclosed peers, a decrease of 273 million yuan or 62.05% year-on-year [1]. - The net profit attributable to shareholders was -18.89 million yuan, ranking 16th among peers [1]. - The net cash flow from operating activities was -38.58 million yuan, ranking 12th, with a decrease of 2.87 million yuan compared to the same period last year [1]. Financial Ratios - The asset-liability ratio stood at 166.71%, ranking 23rd among peers, an increase of 8.82 percentage points from the previous quarter and 69.58 percentage points year-on-year [3]. - The gross profit margin was reported at 36.74% as of March 31, 2025 [4]. - The diluted earnings per share were -0.05 yuan, ranking 18th among peers [5]. - The total asset turnover ratio was 0.11 times, a decrease of 0.05 times or 32.30% year-on-year [5]. - The inventory turnover ratio was 3.62 times as of March 31, 2025 [5]. Shareholder Structure - The number of shareholders was 19,800, with the top ten shareholders holding 223 million shares, accounting for 53.11% of the total share capital [5]. - The largest shareholder, Tianjin Dongyi Tianzheng Investment Co., Ltd., held 24.26% of the shares [5].

Financial Performance - As of March 31, 2025, *ST Ai Ai reported total revenue of 47.64 million yuan, ranking 74th among disclosed peers [1] - The net profit attributable to the parent company was 5.41 million yuan, ranking 54th among disclosed peers [1] - The net cash inflow from operating activities was 3.58 million yuan, a decrease of 7.66 million yuan compared to the same period last year, representing a year-on-year decline of 68.14% [1] Key Financial Ratios - The asset-liability ratio as of March 31, 2025, was 13.59%, an increase of 0.60 percentage points from the same period last year [3] - The gross profit margin was 37.24%, a decrease of 2.20 percentage points compared to the same period last year [3] - The return on equity (ROE) was 1.27% [3] - The diluted earnings per share were 0.04 yuan, ranking 45th among disclosed peers [3] - The total asset turnover ratio was 0.09 times, ranking 57th among disclosed peers [3] - The inventory turnover ratio was 0.30 times, ranking 73rd among disclosed peers [3] Shareholder Structure - The number of shareholders was 16,800, with the top ten shareholders holding 92.87 million shares, accounting for 71.07% of the total share capital [3] - The largest shareholder, Tu Mulian, held 33.75% of the shares, followed closely by Cai Ruimei with 33.19% [3]