Appo(688007)2025-04-29 15:35Financial Performance - The company's revenue for Q1 2025 was CNY 461.38 million, a 3.67% increase compared to CNY 445.04 million in the same period last year[3]. - The net profit attributable to shareholders was a loss of CNY 21.36 million, a decrease of 147.95% from a profit of CNY 44.54 million in the previous year[3]. - Total operating revenue for Q1 2025 was ¥461,382,026.25, an increase of 3.02% compared to ¥445,039,193.21 in Q1 2024[21]. - Net loss for Q1 2025 was ¥24,363,489.53, compared to a net profit of ¥41,341,932.09 in Q1 2024[21]. - The company's operating profit for Q1 2025 was -¥25,314,423.65, a significant decline from ¥54,595,615.97 in Q1 2024[21]. - The total comprehensive loss for Q1 2025 was ¥24,477,149.74, compared to a comprehensive income of ¥41,765,276.02 in Q1 2024[22]. - The company reported a basic and diluted earnings per share of -¥0.05 for Q1 2025, down from ¥0.10 in Q1 2024[22]. Cash Flow and Investments - The net cash flow from operating activities increased by 424.57%, reaching CNY 64.13 million, up from CNY 12.22 million in the same period last year[3]. - Operating cash inflow totaled 479,034,869.08 in the previous period, reflecting a growth of approximately 30%[25]. - Net cash outflow from investing activities was -28,317,151.02 previously, indicating a significant increase in investment expenditures[25]. - Cash received from investment recoveries was 316,950,000.00, indicating a decline of about 17.3%[25]. - Cash paid for fixed assets and other long-term assets was 24,423,820.06 in the previous period, marking an increase of approximately 270%[25]. - Cash received from sales of goods and services in Q1 2025 was ¥603,948,334.40, compared to ¥458,063,284.69 in Q1 2024, representing a growth of 31.83%[24]. Research and Development - R&D expenses totaled CNY 63.02 million, representing 13.66% of revenue, an increase of 1.52 percentage points year-on-year[3]. - The company increased R&D investment by nearly CNY 9 million compared to the same period last year, reflecting a focus on innovation[12]. - Research and development expenses increased to ¥63,015,830.26 in Q1 2025, up from ¥54,022,432.44 in Q1 2024, reflecting a growth of 16.65%[21]. Assets and Liabilities - The total current assets as of March 31, 2025, amount to ¥2,744,764,200.42, a decrease from ¥2,955,806,569.15 as of December 31, 2024[16]. - Total assets as of March 31, 2025, are ¥4,091,205,356.58, down from ¥4,255,663,351.00[17]. - Total liabilities decreased to ¥1,448,778,867.54 in Q1 2025 from ¥1,585,782,677.96 in Q1 2024, a reduction of 8.63%[18]. - Total equity attributable to shareholders decreased to ¥2,719,899,594.77 in Q1 2025 from ¥2,740,047,895.12 in Q1 2024, a decline of 0.74%[18]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 16,222[13]. - Shenzhen Guangfeng Holdings Co., Ltd. holds 79,762,679 shares, accounting for 17.37% of total shares[13]. Product and Market Developments - The automotive optical business generated revenue of CNY 78.78 million, a significant growth of 64.03% year-on-year[7]. - The company launched the "Lingjing" intelligent vehicle optical system at the Shanghai Auto Show, enhancing vehicle optical functions and user experience[8]. - The company successfully applied its products at the 2025 Osaka World Expo, showcasing its technology and brand image globally[9]. - The company introduced the industry's first split-type fiber laser machine and a compact AR laser machine at CES 2025, demonstrating innovation in laser technology[10]. Other Notable Changes - Non-recurring gains and losses decreased by CNY 41.31 million compared to the previous year, primarily due to high investment income in Q1 2024[12]. - There are no significant changes in the shareholder structure or related party transactions noted[14]. - The company has no significant new product or technology developments reported in the current period[15]. - Cash and cash equivalents decreased from ¥1,654,769,306.21 to ¥1,169,391,687.61[16]. - The company's inventory decreased from ¥595,519,245.19 to ¥480,357,456.50[16]. - Short-term borrowings increased from ¥86,796,568.44 to ¥126,830,365.55[17]. - Accounts payable decreased from ¥351,760,010.32 to ¥254,966,909.43[17]. - Total operating costs for Q1 2025 were ¥485,731,424.15, up 11.34% from ¥436,256,932.50 in Q1 2024[21].