NOVEL(002014)2025-04-23 12:40Financial Performance - The company's operating revenue for Q1 2025 was ¥848,181,147.32, representing a 1.58% increase compared to ¥834,978,146.65 in the same period last year[5] - Net profit attributable to shareholders was ¥88,918,733.12, up 2.89% from ¥86,423,584.68 year-on-year[5] - Basic and diluted earnings per share increased by 7.14% to ¥0.15 from ¥0.14 in the same period last year[5] - The net profit for the current period is 89,490,435.10, an increase from 87,594,633.43 in the previous period, representing a growth of approximately 2%[19] - Operating profit for the current period is 105,226,209.22, compared to 102,258,255.94 in the previous period, indicating a growth of about 2%[18] - Total revenue from operating activities reached 862,244,189.10, up from 796,111,343.06, reflecting an increase of approximately 8.3%[20] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, reaching -¥27,093,849.70, a 62.26% increase compared to -¥71,795,086.65 in the previous year[5] - The company's cash and cash equivalents decreased to ¥1,011,052,022.79 from ¥1,112,060,039.27, a decline of approximately 9.1%[13] - The cash flow from operating activities showed a net outflow of -27,093,849.70, an improvement from -71,795,086.65 in the previous period[21] - Investment activities resulted in a net cash outflow of -67,926,323.63, an improvement from -428,421,644.40 in the previous period[21] - The total cash and cash equivalents at the end of the period amounted to 965,325,674.46, compared to 658,338,378.78 in the previous period, showing an increase of approximately 46.5%[21] Assets and Liabilities - Total assets decreased by 1.49% to ¥4,250,274,361.03 from ¥4,314,421,385.68 at the end of the previous year[5] - Total liabilities decreased to ¥1,524,220,454.64 from ¥1,677,857,914.39, reflecting a reduction of approximately 9.2%[15] - Accounts receivable decreased to ¥593,516,055.41 from ¥662,561,857.75, representing a reduction of about 10.4%[13] - Inventory increased to ¥386,235,497.71 from ¥364,496,281.19, showing a rise of approximately 5.9%[14] - Short-term borrowings decreased to ¥735,470,000.00 from ¥792,949,647.25, a decline of approximately 7.3%[15] Shareholder Equity - Shareholders' equity attributable to the parent company increased by 3.43% to ¥2,678,190,921.32 from ¥2,589,272,188.20 at the end of the previous year[5] - The company's equity attributable to shareholders increased to ¥2,678,190,921.32 from ¥2,589,272,188.20, an increase of about 3.4%[15] Operating Costs and Expenses - Total operating costs amounted to ¥757,690,562.67, compared to ¥748,080,370.28 in the prior period, indicating an increase of about 1.6%[17] - The company incurred research and development expenses of 35,690,683.79, slightly down from 36,321,615.72 in the previous period[18] - The total operating expenses decreased from 55,000,000.00 to 53,000,000.00, indicating a reduction of approximately 3.6%[18] - The company’s tax expenses for the current period were 15,345,122.60, compared to 14,952,809.98 in the previous period, reflecting an increase of about 2.6%[18] Other Financial Metrics - Financial expenses surged by 246.20% year-on-year, attributed to increased forfaiting financing[8] - Accounts receivable financing grew by 78.84% compared to the beginning of the year, primarily due to an increase in bank acceptance bills[8] - Contract liabilities increased by 37.29% year-to-date, mainly due to an increase in customer prepayments[8] - The company reported a decrease of 34.40% in other current assets, mainly due to a reduction in VAT credits[8] - Total operating revenue for the current period reached ¥848,181,147.32, an increase from ¥834,978,146.65 in the previous period, reflecting a growth of approximately 1.4%[17]