Lianming(603006)2025-04-24 12:45Financial Performance - The company's operating revenue for Q1 2025 was CNY 170,320,094.93, a slight decrease of 0.02% compared to CNY 170,360,421.21 in the same period last year[4]. - Net profit attributable to shareholders decreased by 23.49% to CNY 10,554,986.49 from CNY 13,795,540.86 year-on-year[4]. - The net profit after deducting non-recurring gains and losses fell by 37.76% to CNY 6,224,149.79 compared to CNY 9,999,923.97 in the previous year[4]. - Net profit for Q1 2025 was CNY 9,296,256.42, down 25.0% from CNY 12,530,178.36 in Q1 2024[19]. - Basic and diluted earnings per share for Q1 2025 were both CNY 0.04, compared to CNY 0.05 in Q1 2024, a decrease of 20%[19]. - The company’s total profit before tax for Q1 2025 was CNY 13,945,639.11, down from CNY 15,066,276.90 in Q1 2024, a decrease of 7.4%[18]. - The company’s tax expenses for Q1 2025 were CNY 4,649,382.69, significantly higher than CNY 2,536,098.54 in Q1 2024, an increase of 83.2%[18]. Cash Flow and Assets - The net cash flow from operating activities significantly increased to CNY 86,455,684.22, up 2,238.51% from CNY 3,697,048.62 in the same period last year[4]. - Cash flow from operating activities generated a net inflow of CNY 86,455,684.22 in Q1 2025, significantly up from CNY 3,697,048.62 in Q1 2024[22]. - Cash flow from investing activities resulted in a net outflow of CNY 39,167,733.24 in Q1 2025, compared to a net inflow of CNY 43,121,850.15 in Q1 2024[22]. - Cash and cash equivalents increased to RMB 453,377,593.08 from RMB 402,002,630.70, representing a growth of 12.8%[13]. - Cash and cash equivalents at the end of Q1 2025 totaled CNY 447,047,037.01, down from CNY 540,643,327.46 at the end of Q1 2024[23]. - The total assets at the end of the reporting period were CNY 2,119,576,101.59, a decrease of 1.97% from CNY 2,162,209,726.01 at the end of the previous year[4]. - The total assets as of March 31, 2025, were RMB 2,119,576,101.59, a decrease of 2.0% from RMB 2,162,209,726.01[15]. - As of March 31, 2025, the total current assets amounted to RMB 1,261,484,535.43, a decrease of 1.5% from RMB 1,284,898,409.69 on December 31, 2024[13]. - The company reported a total non-current assets of RMB 858,091,566.16, down from RMB 877,311,316.32, a decrease of 2.5%[14]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 18,924[10]. - The company has not reported any significant changes in shareholder relationships or actions among the top ten shareholders[11]. - The company did not disclose any participation in financing or securities lending activities by major shareholders[11]. Operational Metrics - The weighted average return on equity decreased by 0.22 percentage points to 0.73% from 0.95% year-on-year[4]. - The company reported a significant increase in accounts receivable financing by 47.75%, attributed to an increase in bank acceptance bills[7]. - The company experienced a 32.94% decrease in accounts receivable, indicating a reduction in uncollected customer payments[8]. - Accounts receivable decreased significantly to RMB 211,317,748.14 from RMB 315,124,106.73, a decline of 32.9%[13]. - Total liabilities decreased to RMB 408,316,023.12 from RMB 460,245,903.96, reflecting a reduction of 11.3%[15]. - The total equity attributable to shareholders increased to RMB 1,449,327,636.73 from RMB 1,438,772,650.24, showing a slight growth of 0.4%[15]. Research and Development - The company reported a significant increase in research and development expenses, which amounted to CNY 5,324,539.92 in Q1 2025, down from CNY 7,130,301.04 in Q1 2024, a decrease of 25.3%[18]. Strategic Updates - There were no new strategies or significant updates regarding product development or market expansion mentioned in the conference call[12].