BAOSE(300402)2025-04-24 10:30Financial Performance - The company's operating revenue for Q1 2025 was ¥421,575,377.71, a decrease of 9.80% compared to ¥467,402,812.91 in the same period last year[3]. - Net profit attributable to shareholders was ¥18,863,797.21, reflecting a year-on-year increase of 2.62% from ¥18,382,973.70[3]. - Total operating revenue for the current period is ¥421,575,377.71, a decrease of 9.8% from ¥467,402,812.91 in the previous period[28]. - Net profit for the current period is ¥18,863,797.21, an increase of 2.6% compared to ¥18,382,973.70 in the previous period[29]. - Basic and diluted earnings per share for the current period are both ¥0.0774, compared to ¥0.0755 in the previous period[30]. Cash Flow - The net cash flow from operating activities surged by 784.13% to ¥33,849,109.34, compared to ¥3,828,502.53 in Q1 2024[12]. - Cash inflow from operating activities totaled 162,975,282.82 in the previous period[32]. - Net cash flow from operating activities was 3,828,502.53 in the prior period[32]. - Cash outflow for purchasing goods and services was 110,297,237.25 in the previous period[33]. - The ending cash and cash equivalents balance was 652,160,885.06 in the previous period[34]. Assets and Liabilities - Total assets at the end of Q1 2025 reached ¥2,467,623,297.12, marking a 2.51% increase from ¥2,407,259,568.78 at the end of the previous year[3]. - Total liabilities are ¥984,158,540.09, up from ¥945,608,677.44 in the previous period[26]. - Total equity attributable to shareholders of the parent company is ¥1,483,464,757.03, compared to ¥1,461,650,891.34 in the previous period[26]. - The company has seen a significant increase in accounts payable, which rose to ¥436,360,989.93 from ¥333,944,460.00, indicating potential changes in supplier relationships or payment terms[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,946[13]. - The company’s major shareholders include Baotai Group Co., Ltd. with 116,200,000 shares and Shanxi Huaxin Hai Trading Co., Ltd. with 15,780,000 shares[15]. - The company has not disclosed any related party relationships among its top shareholders, except for the known relationships between Baotai Group and Shanxi Huaxin Hai Trading[15]. - The company’s financial report indicates no changes in the number of shares lent or returned through margin trading among the top shareholders[15]. Incentive Plans - The company plans to grant 3,172,000 shares of restricted stock under the 2024 incentive plan, with a grant price of ¥6.38 per share[20]. - The total share capital increased from 243,618,497 shares to 246,790,497 shares following the completion of the restricted stock grant registration[21]. - The company has initiated a stock incentive plan to enhance long-term motivation among core talents, aligning with state-owned enterprise reform initiatives[19]. - The first grant date for the restricted stock incentive plan is set for December 30, 2024, with 99 individuals receiving a total of 317.20 million shares[20]. Operational Efficiency - Total operating costs for the current period are ¥389,414,948.33, down 10.9% from ¥437,273,744.29 in the previous period[28]. - Research and development expenses for the current period are ¥23,863,922.65, slightly up from ¥22,334,605.33 in the previous period, reflecting ongoing investment in innovation[29]. - The company is actively pursuing market expansion and new strategies as part of its growth initiatives[19]. Tax and Other Income - The company reported a 197.91% increase in taxes and surcharges, amounting to ¥5,108,762.00, up from ¥1,714,850.49 in Q1 2024[10]. - Other income rose by 314.75% to ¥2,872,531.19, compared to ¥692,600.78 in the same period last year, primarily due to increased government subsidies[10].