Financial Performance - Net profit attributable to shareholders for Q1 2025 was CNY 30,550,526.07, representing a year-on-year increase of 49.92%[9] - Operating revenue for Q1 2025 was CNY 115,085,499.96, reflecting a growth of 27.43% compared to the same period last year[9] - The company reported a non-recurring profit of CNY 713,358.21 for the period, after accounting for tax effects[14] - Total operating revenue for Q1 2025 reached ¥115,085,499.96, a significant increase from ¥90,316,261.10 in Q1 2024, representing a growth of approximately 27.5%[35] - Net profit for Q1 2025 was ¥30,258,724.63, up from ¥18,998,534.03 in Q1 2024, indicating a growth of approximately 59.5%[36] - The company’s total comprehensive income for Q1 2025 was ¥30,258,724.63, compared to ¥18,998,534.03 in Q1 2024, reflecting an increase of approximately 59.5%[36] Cash Flow - The company's cash flow from operating activities increased by 18.22% to CNY 28,289,433.74 in Q1 2025[9] - Cash received from sales of goods and services increased by 56.20% to CNY 70,227,275.06 in Q1 2025[11] - Cash inflow from operating activities for Q1 2025 reached ¥71,930,116.21, a 45.8% increase from ¥49,365,063.92 in Q1 2024[41] - Net cash flow from operating activities for Q1 2025 was ¥28,289,433.74, compared to ¥23,930,089.41 in Q1 2024, reflecting a 18.5% growth[41] - Cash inflow from operating activities for the parent company in Q1 2025 was ¥70,796,698.66, up from ¥49,271,828.22 in Q1 2024, marking a 43.7% increase[43] - Net cash flow from operating activities for the parent company in Q1 2025 was ¥33,582,957.58, compared to ¥30,034,453.21 in Q1 2024, showing a 8.6% increase[44] Assets and Liabilities - Total assets as of March 31, 2025, reached CNY 990,753,584.46, an increase of 1.08% compared to the end of 2024[9] - The accounts receivable increased by 73.08% to CNY 62,012,536.02, driven by higher sales revenue[10] - The company's debt-to-asset ratio decreased to 21.78% for the parent company and 22.71% for the consolidated entity, down from 24.29% and 24.99% respectively[9] - Total liabilities decreased to ¥225,049,433.71 from ¥244,961,857.94, a reduction of about 8.14%[31] - Shareholders' equity rose to ¥765,704,150.75, compared to ¥735,191,182.36, reflecting an increase of approximately 4.14%[31] - Total current assets increased to 572,204,936.71 CNY from 560,670,501.07 CNY[29] Shareholder Information - The total share capital is 146,250,000 shares, with 4,907 common shareholders[17] - The largest shareholder, Taihe New Material Group Co., Ltd., holds 96,860,000 shares, representing 66.23% of total shares[19] - There are no pledged or judicially frozen shares among the top ten shareholders[20] Investment Activities - Investment cash outflows increased by 44.44% to CNY 65,000,000.00, indicating ongoing investment activities[11] - The company has a projected amount of 400,000,000 CNY for purchasing raw materials and services in 2025[23] - Total cash outflow from investment activities in Q1 2025 was ¥66,657,951.75, significantly higher than ¥55,147,048.73 in Q1 2024[42] - Net cash flow from investment activities for Q1 2025 was -¥58,647,869.56, compared to -¥5,024,923.16 in Q1 2024, indicating increased investment expenditures[42] Expenses - Total operating costs for Q1 2025 were ¥79,341,084.53, compared to ¥69,302,630.39 in Q1 2024, reflecting an increase of about 14.5%[35] - Research and development expenses for Q1 2025 were ¥5,420,261.28, slightly down from ¥5,795,010.18 in Q1 2024, showing a decrease of about 6.5%[35] - The company reported a decrease in sales expenses, which were ¥2,474,049.01 in Q1 2025, compared to ¥2,242,691.87 in Q1 2024, indicating a rise of about 10.3%[35] Other Information - The company has no major litigation or arbitration matters reported during the period[22] - The company has committed to timely disclosure of related party transactions, with a total of 37,000,000 CNY projected for sales of products and services in 2025[23] - The company has 36,206,110.50 CNY in frozen cash, accounting for 3.65% of total assets[25]
民士达(833394) - 2025 Q1 - 季度财报