On April 22, 2025, PaiNeng Technology (688063.SH) released its financial report for the first quarter of 2025. The company’s total operating revenue stood at 392 million yuan. The net profit attributable to the parent company was -38.1732 million yuan, marking a decline of 42.1737 million yuan compared to the same period last year, which is a 1054.23% drop year-on-year.
The net cash inflow from operating activities was 147 million yuan, down by 63.0454 million yuan from the same period last year, representing a 29.99% decrease year-on-year. The company’s current debt-to-asset ratio is 20.54%, which is an increase of 0.04 percentage points compared to the same period last year. The latest gross profit margin is 14.24%, down by 14.70 percentage points from the previous quarter and 19.69 percentage points from the same period last year.
The most recent return on equity (ROE) is -0.42%, which is a decrease of 0.46 percentage points compared to the same period last year. The diluted earnings per share are -0.16 yuan, reflecting a reduction of 0.18 yuan from the same period last year, which is a 900.00% decline year-on-year. The company’s total asset turnover ratio is 0.03 times, while the inventory turnover ratio is 0.46 times.
As of now, the number of shareholders stands at 22,500, with the top ten shareholders holding a total of 104 million shares, accounting for 42.44% of the total share capital. The details of the shareholding by the top ten shareholders are as follows:
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