FIBOCOM(300638)2025-04-29 08:50Financial Performance - The company's revenue for Q1 2025 was ¥1,855,618,486.60, a decrease of 12.59% compared to ¥2,122,951,636.25 in the same period last year[5] - Net profit attributable to shareholders was ¥117,791,138.47, down 37.30% from ¥187,879,452.71 year-on-year[5] - Basic earnings per share decreased by 37.21% to ¥0.1549 from ¥0.2467 in the same period last year[5] - The company's operating profit for the current period is approximately ¥124.15 million, compared to ¥190.15 million in the previous period, reflecting a decrease of about 34.7%[22] - The net profit attributable to the parent company is approximately ¥117.79 million, down from ¥187.88 million, indicating a decline of about 37.2%[22] - The total comprehensive income for the current period is approximately ¥117.18 million, compared to ¥191.05 million in the previous period, representing a decrease of about 38.5%[22] - The company's total profit for the current period is approximately ¥124.13 million, compared to ¥192.38 million in the previous period, a decrease of about 35.4%[22] Cash Flow and Liquidity - The net cash flow from operating activities was -¥148,593,671.30, a decline of 236.25% compared to ¥109,060,643.97 in the previous year[5] - The company's cash flow from operating activities showed a positive trend, indicating improved liquidity management[21] - Cash and cash equivalents decreased to CNY 931,918,029.64 from CNY 1,119,659,068.00, a decline of 16.73%[18] - Cash and cash equivalents at the end of the period stand at approximately ¥475.28 million, down from ¥952.77 million at the end of the previous period, a decrease of about 50.1%[25] - The company reported cash inflows from investment activities of approximately ¥733.77 million, significantly higher than ¥82.77 million in the previous period[24] - The net cash flow from financing activities is approximately ¥93.07 million, an increase from ¥35.58 million in the previous period, indicating a growth of about 161.5%[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,525,793,291.46, a slight decrease of 0.31% from ¥7,549,055,309.29 at the end of the previous year[5] - Total liabilities decreased to CNY 3,786,013,232.21 from CNY 3,936,094,418.37, a decline of 3.81%[19] Shareholder Information - The largest shareholder, Zhang Tianyu, holds 36.78% of the shares, totaling 281,512,495 shares, with 93,700,330 shares pledged[13] - The second-largest shareholder, Ying Lingpeng, holds 3.33% of the shares, totaling 25,526,106 shares[13] - The total number of restricted shares at the end of the period is 232,526,992 shares, with 592,584 shares released during the period[15] - The total number of shares held by the top 10 unrestricted shareholders is 132,000,000 shares[13] - The total number of shares held by the top 10 shareholders is 353,000,000 shares[13] Operational Efficiency - The company reported a significant reduction in sales expenses by 34.65% to ¥35,114,745.53, primarily due to the sale of the vehicle-mounted business[10] - Financial expenses decreased by 93.57% to ¥677,688.35, attributed to reduced exchange losses[10] - The company experienced a 161.55% increase in net cash flow from financing activities, amounting to ¥93,072,256.26, due to new loans[10] - Total operating costs amounted to CNY 1,747,753,438.04, down 10.89% from CNY 1,961,738,334.41 in the prior period[21] - The company reported a significant increase in research and development expenses to CNY 132,800,596.01, compared to CNY 185,140,918.68, a decrease of 28.25%[21] Future Plans - The company plans to issue H shares and apply for listing on the Hong Kong Stock Exchange, with the application submitted on April 25, 2025[16] - The company plans to focus on market expansion and new product development in the upcoming quarters to drive growth[21]