Financial Performance - The company's operating revenue for the first quarter was RMB 4,079,288,887.46, a decrease of 28.76% compared to the same period last year[8]. - Net profit attributable to shareholders was RMB 106,128,157.99, down 86.03% year-on-year[8]. - Basic and diluted earnings per share were both RMB 0.05, representing an 84.38% decline from the previous year[8]. - Total revenue for Q1 2025 was RMB 4,079,288,887.46, a decrease of 28.8% compared to RMB 5,725,831,610.97 in Q1 2024[22]. - Operating profit for Q1 2025 was RMB 109,900,441.45, a significant decline of 87.2% from RMB 860,678,127.47 in Q1 2024[22]. - The company reported a net profit of RMB 105,723,590.50 for Q1 2025, compared to RMB 758,632,164.14 in Q1 2024, reflecting a decrease of 86.0%[22]. - Total comprehensive income for Q1 2025 was approximately ¥102.79 million, down 86.96% from ¥731.75 million in Q1 2024[23]. - Basic and diluted earnings per share for Q1 2025 were both ¥0.05, compared to ¥0.32 in Q1 2024, reflecting a decline of 84.38%[23]. - Sales revenue for Q1 2025 was approximately ¥2.19 billion, a decrease of 17.61% from ¥2.66 billion in Q1 2024[25]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 72.22% to RMB 166,977,577.54[8]. - Cash flow from operating activities for Q1 2025 was ¥166.98 million, a decrease of 72.14% from ¥600.98 million in Q1 2024[25]. - Cash flow from investing activities for Q1 2025 was negative at ¥654.34 million, an improvement from negative ¥1.32 billion in Q1 2024[25]. - Cash flow from financing activities for Q1 2025 generated a net inflow of ¥118.23 million, compared to a net outflow of ¥40.83 million in Q1 2024[26]. - Cash and cash equivalents as of March 31, 2025, were RMB 4,837,877,931.84, down from RMB 5,294,894,127.46 as of December 31, 2024[19]. - Total cash and cash equivalents at the end of Q1 2025 were approximately ¥4.15 billion, down from ¥4.72 billion at the end of Q1 2024[26]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 43,090,138,408.78, an increase of 0.40% from the end of the previous year[10]. - Total assets increased to RMB 43,090,138,408.78 as of March 31, 2025, compared to RMB 42,919,798,033.81 as of December 31, 2024[19]. - Total liabilities amounted to RMB 21,277,987,864.61 as of March 31, 2025, slightly up from RMB 21,135,637,157.78 as of December 31, 2024[20]. - The company’s total equity increased to RMB 21,812,150,544.17 as of March 31, 2025, compared to RMB 21,784,160,876.03 as of December 31, 2024[20]. Operational Insights - The company experienced a significant drop in sales prices of photovoltaic glass, which contributed to the decline in revenue[13]. - The company reported a 347.51% increase in prepaid expenses, primarily due to increased payments to suppliers[13]. - The company has not disclosed any new product developments or market expansion strategies in this report[6]. - Research and development expenses for Q1 2025 were RMB 134,857,776.99, down from RMB 160,219,492.71 in Q1 2024, a decrease of 15.7%[22]. - The company’s inventory decreased to RMB 1,465,451,152.54 as of March 31, 2025, from RMB 1,732,831,478.80 as of December 31, 2024, indicating a reduction of 15.4%[19]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 64,766[14].
福莱特玻璃(06865) - 2025 Q1 - 季度业绩