萤石网络(688475) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,380,258,421.19, representing an increase of 11.59% compared to CNY 1,236,902,103.16 in the same period last year[3]. - Net profit attributable to shareholders for the same period was CNY 138,056,259.10, up 10.42% from CNY 125,253,301.27 year-on-year[3]. - Operating profit for Q1 2025 was ¥157,235,874.90, compared to ¥147,783,414.81 in Q1 2024, reflecting a growth of 6.9%[16]. - The company reported a total comprehensive income of ¥138,949,054.50 for Q1 2025, compared to ¥124,485,314.11 in Q1 2024[17]. - The basic earnings per share for the quarter was CNY 0.18, reflecting a 12.50% increase from CNY 0.16 in the previous year[4]. - The basic earnings per share for Q1 2025 was ¥0.18, up from ¥0.16 in Q1 2024[17]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, reaching CNY -65,224,315.47, a 57.24% increase from CNY -153,559,962.37 in the previous year[4]. - Cash flow from operating activities for Q1 2025 was negative at -¥65,224,315.47, an improvement from -¥152,533,851.54 in Q1 2024[19]. - The company's cash and cash equivalents were reported at ¥3,725,675,462.77 as of March 31, 2025, down from ¥3,958,394,220.62 as of December 31, 2024, a decrease of about 5.9%[11]. - Cash and cash equivalents at the end of Q1 2025 totaled ¥3,724,460,462.77, down from ¥4,379,345,207.15 at the end of Q1 2024[20]. - The company's short-term borrowings were not reported, indicating a potential focus on maintaining liquidity without incurring additional debt[13]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,167,974,587.64, a decrease of 2.22% from CNY 8,353,718,200.43 at the end of the previous year[4]. - The total current assets as of March 31, 2025, amounted to ¥5,630,297,058.34, a decrease from ¥5,977,940,776.44 as of December 31, 2024, reflecting a decline of approximately 5.8%[12]. - The total liabilities decreased from ¥2,860,452,655.93 as of December 31, 2024, to ¥2,535,430,413.07 as of March 31, 2025, indicating a reduction of about 11.4%[13]. - The total assets decreased from ¥8,353,718,200.43 as of December 31, 2024, to ¥8,167,974,587.64 as of March 31, 2025, representing a decline of approximately 2.2%[14]. - The company's total equity increased from ¥5,493,265,544.50 as of December 31, 2024, to ¥5,632,544,174.57 as of March 31, 2025, reflecting an increase of about 2.5%[14]. Research and Development - Research and development expenses totaled CNY 203,614,149.98, accounting for 14.75% of operating revenue, down 2.02 percentage points from the previous year[4]. - Research and development expenses for Q1 2025 were ¥203,614,149.98, slightly down from ¥207,472,364.70 in Q1 2024[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,327[9]. Foreign Exchange and Other Gains - The company reported non-recurring gains and losses totaling CNY 333,972.77 for the period[6]. - The company experienced a foreign exchange gain of ¥6,925,885.38 in Q1 2025, contrasting with a loss of -¥375,255.28 in Q1 2024[20]. Management and Business Combination - The company signed a management agreement with its indirect controlling shareholder, which resulted in the control of Hangzhou Furu Technology Co., Ltd., leading to a business combination under common control[5].