HGTECH(000988)2025-04-24 10:55Financial Performance - The company's operating revenue for Q1 2025 reached ¥3,355,471,582.66, representing a 52.28% increase compared to ¥2,203,528,213.61 in the same period last year[5] - Net profit attributable to shareholders was ¥409,904,500.42, up 40.88% from ¥290,969,791.55 year-on-year[5] - Operating profit for the current period was ¥446,992,304.89, compared to ¥311,066,502.60 in the previous period, marking a growth of 43.7%[18] - Basic earnings per share rose to ¥0.41, a 41.38% increase from ¥0.29 in the same period last year[5] - The weighted average return on equity improved to 3.95%, up from 3.14% year-on-year[5] - The total equity attributable to shareholders increased to ¥10,586,887,945.45 from ¥10,177,498,427.51, reflecting a growth of 4.0%[18] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -¥342,467,542.86, a decline of 146.31% compared to -¥139,041,574.75 in Q1 2024, primarily due to increased inventory[12] - The net cash outflow from operating activities was -342,467,542.86, compared to -139,041,574.75 in the previous period, indicating a significant increase in cash outflow[21] - Cash inflow from financing activities was 120,047,485.48, with cash outflow totaling 419,424,033.39, leading to a net cash outflow of -299,376,547.91[21] - The total cash and cash equivalents at the end of the period decreased to 3,604,978,645.94 from 4,081,429,665.15, reflecting a net decrease of 477,450,019.21[21] Assets and Liabilities - Total assets at the end of Q1 2025 were ¥20,359,443,175.79, a decrease of 2.23% from ¥20,824,328,693.09 at the end of the previous year[5] - Total liabilities decreased to ¥9,675,571,639.47 from ¥10,546,620,556.63, a reduction of 8.2%[18] - The company's cash and cash equivalents decreased from 4,502,152,483.36 CNY to 3,758,660,507.72 CNY, a decline of approximately 16.5%[16] - Accounts receivable decreased from 4,925,073,486.87 CNY to 4,353,325,542.37 CNY, a reduction of about 11.6%[16] - Inventory increased from 2,621,346,147.42 CNY to 2,881,409,358.61 CNY, an increase of approximately 9.9%[16] - The total current assets decreased from 15,208,267,354.58 CNY to 13,787,497,586.73 CNY, a decline of about 9.3%[16] Research and Development - Research and development expenses increased by 43.03% to ¥204,031,940.69, reflecting the company's commitment to new technology and product development[11] - Research and development expenses increased to ¥204,031,940.69, up from ¥142,653,298.83, representing a rise of 43.1%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 124,572[13] - The largest shareholder, Wuhan Donghu Innovation Technology Investment Co., Ltd., holds 19.00% of shares, totaling 191,045,514 shares[13] Investment Performance - The company recorded a significant increase in contract liabilities, which rose by 38.17% to ¥496,797,526.28, indicating growth in customer contract payments[9] - The company's investment income improved significantly, with a loss of only -¥106,138.10 compared to -¥2,247,583.04 in the previous year, reflecting better performance in long-term equity investments[11] - The company reported a significant increase in contract assets from 570,518,158.21 CNY to 768,890,768.77 CNY, an increase of approximately 35%[16] Other Financial Information - The company has no preferred shareholders or related matters to report[14] - The company's first-quarter report for 2025 is unaudited, indicating a potential for adjustments in future financial statements[22]