INVT(002334)2025-04-15 10:10Financial Performance - The company's operating revenue for Q1 2025 was ¥840,245,579.29, a decrease of 11.47% compared to the same period last year[2] - Net profit attributable to shareholders was ¥34,737,469.37, reflecting a decline of 26.44% year-over-year[2] - The net profit after deducting non-recurring gains and losses was ¥26,523,388.80, down 36.28% from the previous year[2] - Basic earnings per share decreased to ¥0.0432, down 26.41% year-over-year[2] - The company achieved a net profit attributable to shareholders of CNY 34,737,500.00 in Q1 2025, a decline of 26.44% year-on-year[11] - The net profit for the current period is CNY 27,582,001.53, a decrease of 30.2% compared to CNY 39,437,566.55 in the previous period[23] - The company reported a total comprehensive income of CNY 27,715,824.76, down from CNY 39,521,051.04 in the previous period[25] Cash Flow - The net cash flow from operating activities was ¥28,436,555.01, a significant drop of 78.57% compared to the same period last year[2] - The net cash flow from operating activities for Q1 2025 was CNY 28,436,555.01, down 78.57% from CNY 132,674,360.70 in Q1 2024[11] - The cash flow from operating activities netted CNY 28,436,555.01, a significant decline from CNY 132,674,360.70 in the previous period[26] - The net cash flow from investing activities was negative at CNY -128,019,410.07, compared to CNY -67,020,304.19 in the previous period[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,357,405,699.41, an increase of 0.69% from the end of the previous year[2] - Total assets as of March 31, 2025, amounted to 5,357,405,699.41 RMB, an increase from 5,320,710,734.15 RMB at the beginning of the period[19] - Total liabilities as of March 31, 2025, were 2,406,606,873.92 RMB, slightly up from 2,405,093,633.61 RMB at the beginning of the period[21] - The company's total assets as of March 31, 2025, included a significant increase in prepayments, which rose by 276.03% to CNY 61,691,101.93[7] Shareholder Equity - Shareholders' equity attributable to the parent company rose to ¥2,951,418,215.60, reflecting a growth of 1.46% compared to the previous year-end[2] - The company's equity attributable to shareholders increased from 2,909,081,022.81 RMB to 2,951,418,215.60 RMB, showing a growth of approximately 1.5%[21] Revenue Segmentation - The industrial automation segment generated revenue of CNY 53,582,590.00, accounting for 63.77% of total revenue, with a year-on-year decrease of 5.45%[11] - The new energy vehicle segment reported revenue of CNY 10,885,230.00, down 25.58% year-on-year, representing 12.95% of total revenue[11] Expenses - Total operating costs for the current period were 834,441,472.34 RMB, compared to 919,708,022.49 RMB in the previous period, indicating a decrease of about 9.3%[22] - Research and development expenses increased to CNY 115,403,312.42, up 4.1% from CNY 110,490,957.52 in the previous period[23] Financing Activities - The company raised CNY 138,991,500.54 from financing activities, an increase from CNY 70,320,165.25 in the previous period[28] Share Repurchase - The company repurchased 6,570,000 shares, accounting for 0.81% of the total share capital, with a total transaction amount of 36,534,503 RMB[14] - The maximum repurchase price was adjusted from 7.94 RMB/share to 13.80 RMB/share, and the implementation period was extended by 9 months until February 8, 2026[14] Accounting Policy Changes - The company implemented a change in accounting policy effective January 1, 2024, affecting the recognition of warranty costs in operating expenses[2] Other Income - The company recorded a significant increase in other income, which rose by 41.28% to CNY 31,063,002.96, mainly due to an increase in VAT refunds[11] Product Development and Strategy - The company did not report any significant new product developments or market expansion strategies during this quarter[6]