MAXVISION(002990)2025-04-28 12:10Financial Performance - The company's revenue for Q1 2025 was CNY 304,369,807.60, representing a year-over-year increase of 2.64% compared to CNY 296,553,487.95 in the same period last year[5] - Net profit attributable to shareholders decreased by 44.88% to CNY 30,255,816.96 from CNY 54,893,722.16 in the previous year[5] - The company's net profit for the current period is 30,255,816.96, a decrease of 45% compared to 54,893,722.16 in the previous period[27] - The company reported a net profit margin improvement, with net profit increasing due to operational efficiencies and cost management strategies[26] - Basic and diluted earnings per share are both 0.12, down from 0.21 in the previous period[27] Cash Flow - The net cash flow from operating activities improved significantly, reaching CNY 4,416,589.49, a 111.72% increase from a negative cash flow of CNY -37,674,889.86 in the same period last year[5] - The net cash flow from financing activities surged by 1816.76% to CNY 58,620,850.27, primarily driven by the implementation of employee stock incentives[15] - The net cash flow from investing activities is -213,931,107.58, an improvement from -527,596,088.07 in the previous period[31] - The net cash flow from financing activities is 58,620,850.27, compared to a net outflow of -3,414,619.76 in the previous period, showing a positive shift in financing[32] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,574,299,129.21, reflecting a 3.67% increase from CNY 3,447,706,750.79 at the end of the previous year[5] - The total liabilities increased to ¥1,136,688,403.74 from ¥1,047,288,642.36, marking an increase of 8.52%[24] - Current assets totaled ¥2,942,042,405.29, an increase of 3.82% from ¥2,834,205,582.96 at the beginning of the period[24] - The equity attributable to the parent company reached ¥2,437,610,725.47, up from ¥2,400,418,108.43, reflecting a growth of 1.55%[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 20,816[16] - The largest shareholder, Qu Lei, holds 62.07% of the shares, totaling 162,200,000 shares, with 121,650,000 shares pledged[16] Incentive Plans - The 2024 incentive plan includes the initial grant of 5,275,700 shares at a price of RMB 11.84 per share, with the listing date set for February 26, 2025[19] - The registered capital increased from RMB 256,031,688.00 to RMB 261,307,388.00 following the completion of the 2024 incentive plan[20] - The company has completed the registration of the incentive plan's initial grant[20] - The third release of the 2021 incentive plan's reserved grant has been approved, involving 341,863 shares[21] Operational Highlights - The company recorded a significant increase in other payables by 131.29%, amounting to CNY 106,266,874.39, primarily due to the implementation of employee stock incentives[10] - The company signed a contract for the Urumqi Airport expansion project with a contract value of RMB 179,560,762.11[18] - The company also secured the Shanghai Oriental Hub E2 project with a total contract amount of RMB 214,848,978.78[18] Tax and Expenses - The company incurred a 75.15% increase in taxes and surcharges, totaling CNY 1,676,669.19, due to a reduction in deductible input tax[12] - Research and development expenses were ¥40,905,803.49, compared to ¥37,375,234.54 in the previous period, indicating an increase of 4.08%[26] - Total operating costs amounted to ¥240,705,461.82, up from ¥221,710,728.23, reflecting a year-over-year increase of 8.56%[26] Investment Income - The company recognized an increase in investment income of 35.96%, totaling CNY 3,822,790.02, attributed to higher financial investment returns[12] - The company recovered investments amounting to 1,060,000,000.00, compared to 370,000,000.00 in the previous period, indicating a strong recovery in investment cash inflow[31] Audit Information - The company has not undergone an audit for the first quarter report[33]