Financial Performance - The company's revenue for Q1 2025 was ¥247,613,758.59, representing an increase of 11.17% compared to ¥222,724,987.75 in the same period last year[5]. - Net profit attributable to shareholders decreased by 21.36% to ¥10,175,675.05 from ¥12,939,905.50 year-on-year[5]. - Basic and diluted earnings per share fell by 41.67% to ¥0.07 from ¥0.12 in the same period last year[5]. - The company's revenue for the reporting period was CNY 247.61 million, representing a year-on-year increase of 11.17%, primarily due to a CNY 19.83 million increase in domestic sales, which grew by 13.92%[14]. - The net profit for the reporting period was CNY 10.18 million, a decrease of 21.36% year-on-year, attributed to increased sales and management expenses totaling CNY 3.38 million due to the expansion of the management and sales team[14]. - Total operating revenue for the current period reached ¥247,613,758.59, an increase of 11.2% compared to ¥222,724,987.75 in the previous period[19]. - Net profit for the current period was ¥10,175,675.05, a decrease of 21.4% from ¥12,939,905.50 in the previous period[20]. - Operating profit decreased to ¥10,723,944.11, down 26.5% from ¥14,537,293.83 in the previous period[20]. - The total comprehensive income for the current period was ¥10,241,414.34, compared to ¥9,523,154.37 in the previous period[21]. Cash Flow and Assets - The net cash flow from operating activities was negative at -¥11,859,074.66, a decline of 132.03% compared to ¥37,024,240.71 in the previous year[5]. - Cash flow from operating activities showed a net outflow of ¥11,859,074.66, compared to a net inflow of ¥37,024,240.71 in the previous period[24]. - Cash and cash equivalents at the end of the period totaled ¥172,916,492.97, down from ¥56,814,777.45 in the previous period[24]. - Current assets totaled CNY 752.25 million at the end of the reporting period, compared to CNY 741.44 million at the beginning of the period, reflecting an increase[16]. - Inventory increased to CNY 289.40 million from CNY 244.81 million, indicating a rise in stock levels[16]. - Non-current assets amounted to CNY 955.80 million, up from CNY 876.99 million, showing growth in long-term investments[17]. - Total liabilities reached CNY 920.99 million, compared to CNY 841.62 million at the beginning of the period, indicating an increase in obligations[18]. - The company's total assets were CNY 1.71 billion, up from CNY 1.62 billion, reflecting overall growth in the asset base[18]. Shareholder Information - The company reported a total of 12,738 common shareholders at the end of the reporting period[10]. - Major shareholders include Wang Wenzhi with a 34.74% stake and Bai Qiang with a 10.49% stake[10]. Operational Developments - The company attributed the revenue growth to the production launch of the forging line at the new factory[7]. - The decline in net profit was primarily due to increased sales expenses from expanding the sales team and the construction of the Thailand base, which is set to commence operations in 2025[8]. - The total investment for the Thailand base construction project is CNY 250 million, with the first phase including a forging workshop and a wheel processing workshop, and the second phase including additional facilities[14]. - The Thailand base construction project began trial production in March 2025 and is scheduled for official production in April 2025[14]. - The company plans to continue optimizing cost structures and enhancing operational efficiency while focusing on market expansion and product innovation to improve profitability[14]. Expenses - Total operating costs increased to ¥237,354,298.61, up 13.1% from ¥209,808,934.24 in the previous period[19]. - Research and development expenses increased to ¥7,196,665.87, up 5.8% from ¥6,803,630.47 in the previous period[19]. - Sales expenses rose to ¥7,316,307.23, an increase of 60.0% compared to ¥4,574,750.95 in the previous period[19]. - The weighted average return on equity decreased to 1.30% from 2.89% year-on-year[5].
宏鑫科技(301539) - 2025 Q1 - 季度财报