KinLong(002791)2025-04-28 08:20Financial Performance - The company's revenue for Q1 2025 was ¥1,206,127,384.05, a decrease of 11.70% compared to ¥1,366,001,270.50 in the same period last year[3] - The net profit attributable to shareholders was -¥40,614,317.62, showing an improvement of 11.46% from -¥45,870,198.63 year-on-year[3] - The net profit after deducting non-recurring gains and losses was -¥49,873,473.81, a 14.56% improvement from -¥58,372,973.16 in the previous year[4] - The basic earnings per share were -¥0.12, an improvement of 14.29% from -¥0.14 in the same period last year[4] - The weighted average return on equity was -0.72%, an improvement of 0.18% from -0.90% year-on-year[4] - Total operating revenue decreased to ¥1,206,127,384.05 from ¥1,366,001,270.50, a decline of approximately 11.7% year-over-year[27] - Total operating costs decreased to ¥1,225,245,665.99 from ¥1,399,588,307.80, representing a reduction of about 12.4% year-over-year[28] - Net profit for the period was ¥-45,579,992.86, compared to ¥-45,503,840.25 in the previous period, indicating a slight increase in losses[29] - The company reported a total comprehensive loss of ¥-49,251,003.91, compared to ¥-46,596,925.04 in the previous period[30] Cash Flow and Financial Position - The cash flow from operating activities was -¥436,240,018.94, which is a 28.53% improvement compared to -¥610,362,100.55 last year[4] - Cash flow from operating activities showed a net outflow of ¥-436,240,018.94, an improvement from ¥-610,362,100.55 in the previous period[34] - Cash inflow from investment activities was ¥796,643,520.72, compared to ¥408,077,007.66 in the previous period, marking a significant increase[34] - Cash outflow from investment activities rose to ¥828,622,000.22 from ¥323,555,265.28, indicating increased investment activity[34] - The net cash flow from financing activities was -25.74 million in the previous period, indicating a significant decline in financing cash flow[35] - Cash and cash equivalents at the end of the period totaled 673.21 million year-over-year, reflecting a decrease of approximately 15%[35] - The total cash inflow from financing activities was 144.57 million, resulting in a net outflow[35] - The company reported a decrease in cash and cash equivalents of approximately $494.17 million during the period, reflecting challenges in cash management[35] Assets and Liabilities - The total assets at the end of the reporting period were ¥9,101,402,783.11, a decrease of 7.91% from ¥9,883,580,238.14 at the end of the previous year[4] - The total amount of funds raised has been adjusted to no more than RMB 1,200 million, down from RMB 1,985 million[15] - The actual issuance of 32,345,013 shares at a price of RMB 18.61 per share raised a total of RMB 601,940,691.93, with a net amount of RMB 592,139,464.38[15] - Total liabilities decreased from RMB 3,920,453,607.66 to RMB 3,304,096,640.78 during the same period[25] - The company's cash and cash equivalents decreased from RMB 1,086,210,464.74 to RMB 596,704,261.41[22] - The total equity attributable to shareholders decreased from RMB 5,702,900,367.63 to RMB 5,568,253,740.04[25] - The company’s total current assets decreased from RMB 6,712,452,325.29 to RMB 5,810,443,116.00[22] - The company’s total non-current assets increased from RMB 3,171,127,912.85 to RMB 3,290,959,667.11[23] Shareholder Information and Corporate Actions - The company plans to issue A-shares to specific investors, including the controlling shareholder, Bai Baokun, as approved in recent board meetings[13] - The total number of ordinary shareholders at the end of the reporting period was 34,963[10] - The company plans to issue up to 48,231,000 shares, raising a total of no more than RMB 1,985 million[14] - The company repurchased a total of 4,413,388 shares, accounting for 1.25% of the current total share capital, with a total transaction amount of RMB 100,023,677[19] Accounting and Audit - The company did not undergo an audit for the first quarter report, which may affect the perception of financial transparency[36] - The company plans to implement new accounting standards starting in 2025, which could impact future financial reporting[36]