Financial Performance - The company's revenue for Q1 2025 was ¥88,825,120.76, representing a 5.27% increase compared to ¥84,378,366.79 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥5,365,966.78, a decline of 192.11% from a profit of ¥5,825,765.26 in Q1 2024[5] - The net loss for the period was CNY -5,039,318.72, compared to a loss of CNY -1,980,941.51 in the previous period[23] - The operating profit for the current period was -5,478,442.40, compared to a profit of 5,977,674.42 in the same period last year, indicating a decline of around -191.7%[24] - The total comprehensive income for the period was -5,288,607.25, compared to 5,825,542.41 in the previous year, representing a change of approximately -191%[24] - Basic and diluted earnings per share for Q1 2025 were both -0.08, compared to 0.09 in the same period last year, marking a decline of approximately -188.9%[25] Cash Flow and Liquidity - The net cash flow from operating activities was -¥37,541,582.27, a decrease of 112.47% compared to -¥17,669,272.13 in the previous year[5] - Cash flow from operating activities showed a net outflow of -37,541,582.27, worsening from -17,669,272.13 in the previous year, reflecting an increase in cash outflow of approximately 112.5%[25] - The company's cash and cash equivalents decreased to CNY 374,704,004.88 from CNY 450,455,949.13, a decline of approximately 16.8%[20] - Total cash and cash equivalents at the end of the period were 372,066,949.32, down from 234,050,872.32 in the previous year, indicating a decrease of about 58.5%[26] - The company reported cash inflows from financing activities of 59,700,000.00, an increase from 29,940,000.00 in the previous year, representing a growth of about 99.1%[26] Assets and Liabilities - Total assets increased by 2.24% to ¥963,864,745.76 from ¥942,749,138.84 at the end of the previous year[5] - The total assets of the company rose to CNY 963,864,745.76 from CNY 942,749,138.84, reflecting an increase of about 2.4%[22] - The total liabilities increased to CNY 198,935,780.78 from CNY 173,079,066.61, which is an increase of approximately 14.9%[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 6,515[14] - The largest shareholder, Shanshui Bide Group Co., Ltd., holds 40.35% of the shares, totaling 26,080,000 shares[14] - The second-largest shareholder, Sun Hu, owns 21.04% of the shares, amounting to 13,600,000 shares[14] - The top ten shareholders collectively hold a significant portion of the company's shares, with the top three alone accounting for 66.34%[14] - A total of 40,400,000 shares, representing 62.5% of the company's total equity, will be released from restrictions on February 13, 2025[18] - The company has no preferred shareholders or related party transactions disclosed in the report[16] - The report indicates that there are no changes in the lending or borrowing of shares among the top ten shareholders[15] - The company has a total of 540,000 shares under lock-up for executives, which will be released according to relevant rules[17] Operational Metrics - Total operating revenue for the first quarter of 2025 was CNY 88,825,120.76, an increase from CNY 84,378,366.79 in the previous period, representing a growth of approximately 5.2%[23] - Total operating costs increased to CNY 92,864,439.48 from CNY 73,397,425.28, marking a rise of about 26.5%[23] - The gross profit margin decreased due to rising costs, with gross profit recorded at CNY -4,039,318.72 compared to CNY 11,980,941.51 in the previous period[23] - Cash received from sales increased by 30.51% to ¥85,389,489.37, driven by higher business collections[10] - The total revenue from sales and services received was 85,389,489.37, an increase from 65,426,035.03 in the previous year, reflecting a growth of approximately 30.5%[25] Inventory and Investments - Inventory decreased by 37.01% to ¥2,080,342.71 due to cost recognition based on project approvals[9] - The company reported a decrease in inventory from CNY 3,302,641.00 to CNY 2,080,342.71, a reduction of about 37%[20] - The company’s long-term equity investments increased to CNY 277,693.32 from CNY 258,045.11, showing a growth of approximately 7.6%[20] - Investment payments decreased by 64.52% to ¥92,244,200.00, indicating reduced purchases of financial products[10] Other Information - The company has not disclosed any new product developments or market expansion strategies in this report[19] - The report does not indicate any other significant matters affecting the company[18] - The company did not report any net profit from subsidiaries prior to consolidation for the current period, consistent with the previous year[25] - The company incurred credit impairment losses of -3,015,939.92, an improvement from -5,267,083.11 in the previous year, indicating a decrease in losses of about 42.5%[24]
山水比德(300844) - 2025 Q1 - 季度财报