Financial Performance - The company's revenue for Q1 2025 was ¥437,233,424.12, a decrease of 8.20% compared to ¥476,295,433.22 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥7,094,325.14, representing a decline of 137.55% from a profit of ¥18,894,194.12 in the previous year[5] - The net profit for the current period is a loss of ¥8,454,581.00, compared to a profit of ¥17,914,286.39 in the previous period[18] - The operating profit for the current period is a loss of ¥7,727,066.60, a significant decline from a profit of ¥16,420,988.86 in the previous period[17] - The company's weighted average return on equity was -0.54%, a decrease of 1.99% compared to 1.45% in the same period last year[5] - The basic and diluted earnings per share for the current period is -¥0.0574, compared to ¥0.1527 in the previous period[18] Cash Flow - The net cash flow from operating activities was ¥59,930,129.21, down 2.62% from ¥61,543,969.89 in Q1 2024[5] - Cash flow from operating activities for the current period is ¥59,930,129.21, slightly down from ¥61,543,969.89 in the previous period[21] - Cash flow from investing activities shows a net outflow of ¥103,765,830.47, compared to a net outflow of ¥104,237,566.07 in the previous period[21] - Cash flow from financing activities has a net inflow of ¥68,418,741.57, an increase from ¥47,444,832.23 in the previous period[21] - The ending cash and cash equivalents balance is ¥388,698,186.76, down from ¥642,913,579.36 in the previous period[22] - The company received cash from the recovery of investments amounting to ¥50,000,000.00 during the current period[21] Assets and Liabilities - Total assets increased by 1.11% to ¥3,477,203,341.08 from ¥3,439,059,169.42 at the end of the previous year[5] - Total assets amounted to ¥3,477,203,341.08, up from ¥3,439,059,169.42, representing a growth of about 1.1%[15] - Total liabilities increased to ¥2,176,524,853.70 from ¥2,129,874,337.67, marking an increase of approximately 2.2%[15] - The company's equity attributable to shareholders decreased to ¥1,302,854,056.90 from ¥1,310,000,145.41, a decline of about 0.5%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,160, with the largest shareholder holding 39.71% of the shares[10] Expenses - The company recorded a 46.29% increase in selling expenses, totaling ¥7,137,567.15, mainly due to higher personnel and business entertainment costs[9] - The company reported a significant increase in financial expenses, which rose by 248.40% to ¥4,531,786.98 due to increased loan interest expenses[9] - The company experienced a 63.72% decrease in non-operating income, which fell to ¥154,216.91 from ¥425,096.03 in the previous year[9] - Total operating costs for the current period are ¥441,788,218.12, down 2.7% from ¥454,216,643.01 in the previous period[17] Investments - The company invested ¥35,000,000.00 in long-term equity investments, which was not present in the previous period[14] - The company established an industrial fund with an investment of ¥35,000,000.00 aimed at investing in robotics systems[12] - The company reported a decrease in short-term borrowings to ¥131,120,000.00 from ¥165,940,345.62, a reduction of approximately 21.0%[15] - The company’s long-term borrowings increased to ¥452,734,000.00 from ¥360,844,000.00, reflecting an increase of about 25.4%[15] Inventory and Receivables - Accounts receivable decreased to ¥601,959,944.06 from ¥638,957,282.33, a decline of about 5.8%[14] - Inventory rose to ¥704,260,311.19 from ¥678,535,386.30, indicating an increase of approximately 3.8%[14] - The company's cash and cash equivalents increased to ¥603,321,679.95 from ¥583,765,608.89, reflecting a growth of approximately 3.0%[14]

Financial Performance - The company's operating revenue for Q1 2025 was ¥437,534,173.06, a decrease of 25.84% compared to ¥589,979,389.73 in the same period last year[5] - The net profit attributable to shareholders was -¥41,481,950.47, representing a decline of 1,181.49% from a profit of ¥3,835,624.10 in the previous year[5] - Basic and diluted earnings per share were both -¥0.0196, a decrease of 1,188.89% from ¥0.0018 in the previous year[5] - The total profit for the current period was a loss of ¥40,244,918.00, compared to a profit of ¥8,594,822.07 in the previous period, indicating a significant decline[24] - Net profit for the current period was a loss of ¥40,973,349.39, compared to a profit of ¥4,210,010.09 in the previous period, reflecting a negative shift in profitability[24] Cash Flow - The cash flow from operating activities was -¥239,146,728.30, which is a 17.86% increase in cash outflow compared to -¥202,913,045.06 in the same period last year[5] - Cash flow from investing activities resulted in a net outflow of ¥283,197,696.87, compared to a net outflow of ¥222,746,457.70 in the previous period[29] - Cash flow from financing activities showed a net outflow of ¥27,991,879.21, contrasting with a net inflow of ¥208,969,792.38 in the previous period[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,269,554,045.14, down 3.80% from ¥9,636,207,465.82 at the end of the previous year[5] - The company's cash and cash equivalents decreased by 33.57% to ¥1,062,051,912.28 from ¥1,598,641,986.31 at the beginning of the period[9] - Non-current liabilities totaled approximately 2.52 billion yuan, slightly down from 2.55 billion yuan at the beginning of the period[22] Revenue and Expenses - Total expenses, including sales, management, research and development, and financial expenses, amounted to 148 million RMB, a decrease of 4.28% from 155 million RMB in the previous year[17] - Cash received from investment activities decreased by 64.43% to approximately 1.56 million RMB compared to 4.39 million RMB in the previous year[12] - Cash paid for fixed assets, intangible assets, and other long-term investments was 14.28 million RMB, down 89.01% from 129.98 million RMB in the previous year[12] - Cash received from financing activities decreased by 86.77% to approximately 2.58 million RMB compared to 19.5 million RMB in the previous year[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 124,829[14] - The largest shareholder, Changdu Shashi Enterprise Management Co., Ltd., holds 12.78% of the shares, totaling 270,966,881 shares[14] Strategic Initiatives - The company continues to strengthen cost control measures across various expense categories[17] - The company launched its self-developed AIoT V7 platform, enhancing AI model architecture and integrating IoT data sources for smart campus applications[18] - The company implemented a "one-vote veto" policy for high-risk projects to ensure healthy business development[19] Project and Market Performance - Total signed and awarded project amounts reached 816 million yuan, a decrease of 32.84% year-on-year, primarily due to project bidding delays and stricter client selection[19] - The company maintained a competitive advantage in various segments of smart space services despite the decline in project amounts[19] Other Income and Impairments - Other income decreased by 65.59% to ¥5,822,625.43 from ¥16,923,569.23 in the same period last year, mainly due to reduced government subsidies[10] - The company has adjusted the impairment provision for contract assets based on settlement conditions over the past three years, leading to increased asset impairment[17]

Financial Performance - The company's revenue for Q1 2025 was CNY 196,403,072.90, representing a 5.64% increase compared to CNY 185,909,410.92 in the same period last year[5] - Net profit attributable to shareholders decreased by 20.46% to CNY 13,809,218.79 from CNY 17,360,904.21 year-on-year[5] - The net profit excluding non-recurring gains and losses fell by 35.85% to CNY 11,806,623.93 from CNY 18,403,888.45 in the previous year[5] - Total operating revenue for Q1 2025 was CNY 196,403,072.90, an increase of 5.4% compared to CNY 185,909,410.92 in the previous year[22] - Net profit for Q1 2025 was CNY 13,809,216.49, a decrease of 20.0% from CNY 17,360,904.21 in Q1 2024[23] - Total operating costs for Q1 2025 were CNY 182,256,132.80, up 11.5% from CNY 163,428,981.77 in the same period last year[22] Assets and Liabilities - The company's total assets increased by 2.17% to CNY 1,844,107,680.39 compared to CNY 1,804,917,616.64 at the end of the previous year[5] - Total liabilities rose to CNY 265,619,084.03, up from CNY 240,222,745.91 year-over-year[20] - The total current assets amount to ¥1,458,992,591.74, a marginal increase from ¥1,456,134,078.98[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 14,041[12] - The largest shareholder, Xinyin (Hong Kong) International Holdings Limited, holds 61.20% of shares, totaling 104,160,000 shares[12] - The company has no significant changes in the number of preferred shareholders or their holdings[14] - There is no indication of related party transactions among the top shareholders[13] Cash Flow and Investments - Cash flow from operating activities decreased by 5.48% to CNY 17,721,421.60 from CNY 18,749,300.14 year-on-year[5] - Operating cash inflow for the current period was $166,870,264, a decrease of 16.4% from $199,473,534 in the previous period[25] - Net cash flow from operating activities was $17,721,421.60, down from $18,749,300.14, reflecting a decline of 5.5%[25] - Cash outflow from investment activities totaled $203,529,287.45, compared to $257,436,064.14 in the previous period, indicating a reduction of 21%[27] - The company did not receive any cash from investment recoveries this period, compared to $115,000,000 in the previous period[25] Operational Expenses - The company reported a 216% increase in other operating expenses, totaling CNY 855,359.18, mainly due to tax penalties[9] - Research and development expenses for Q1 2025 were CNY 7,816,737.83, slightly up from CNY 7,324,871.53 in the previous year, indicating continued investment in innovation[22] Cash and Equivalents - The company's cash and cash equivalents at the end of the reporting period amount to ¥886,368,525.24, down from ¥1,072,567,745.04 at the beginning of the period[18] - Cash and cash equivalents at the end of the period stood at $884,835,193.95, down from $1,065,472,071.63, a decrease of 16.9%[27] - The impact of exchange rate changes on cash and cash equivalents was -$18,844.29, contrasting with a positive impact of $306,487.56 in the previous period[27] Future Plans - The company plans to expand its market presence and enhance product offerings in the upcoming quarters[23] Miscellaneous - The company has ongoing investments in construction projects, with capitalized costs increasing to ¥5,710,442.63 from ¥3,573,412.52[18] - The company has a total of 110,256,000 restricted shares, all of which are subject to lock-up until specified dates[15][16] - The company has not audited the first quarter report for 2025[28]

Financial Performance - The company's revenue for Q1 2025 reached ¥1,246,468,489.18, representing a 38.37% increase compared to ¥880,062,408.02 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥99,762,045.13, an improvement of 27.67% from a loss of ¥131,118,498.43 in the previous year[5] - The net profit for the current period was a loss of ¥100,191,268.75, compared to a loss of ¥146,792,173.37 in the previous period, showing an improvement of approximately 31.7%[20] - The total comprehensive loss for the current period was ¥101,069,628.53, compared to a loss of ¥146,631,912.68 in the previous period, indicating a reduction in overall losses of approximately 31.1%[20] Cash Flow - The net cash flow from operating activities was a negative ¥1,234,482,817.06, showing a 20.24% improvement from a negative ¥1,532,701,629.00 in the same period last year[5] - Operating cash inflow for the current period was ¥3,162,863,869.45, up from ¥1,866,937,379.45 in the previous period, representing an increase of approximately 69.2%[21] - Cash inflow from financing activities was ¥1,641,117,701.23, compared to ¥1,138,124,864.49 in the previous period, indicating a growth of about 44.1%[22] - Net cash flow from financing activities was ¥305,372,025.91, a significant recovery from a net outflow of ¥319,240,947.07 in the previous period[22] - The company received cash from investment income amounting to ¥2,400,000.00, with no previous income recorded[22] - The company reported a decrease in cash received from tax refunds to ¥144,475.66 from ¥2,406,876.51 in the previous period[22] Assets and Liabilities - The company's total assets increased by 5.01% to ¥17,237,093,549.18 from ¥16,415,456,855.91 at the end of the previous year[5] - Current liabilities rose to ¥10,072,783,807.65, compared to ¥9,543,900,204.89, marking an increase of approximately 5.6%[18] - Non-current liabilities increased to ¥1,848,475,886.35 from ¥1,454,653,167.31, which is an increase of about 27.1%[18] - The total equity attributable to shareholders decreased to ¥5,273,196,491.68 from ¥5,373,836,896.59, a decline of approximately 1.9%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 462,523[10] - The largest shareholder, Shijiazhuang Changshan Textile Group Co., Ltd., holds 28.60% of shares, totaling 457,183,585 shares[10] - The second largest shareholder, Beijing Beiming Weiye Holdings Co., Ltd., holds 7.16% of shares, totaling 114,395,220 shares[10] - The company has no preferred shareholders or related party transactions among the top shareholders[10][11] - The total number of shareholders with voting rights for preferred shares is zero[10] Operational Metrics - The basic earnings per share were reported at -¥0.06, a 33.33% improvement from -¥0.09 in the same period last year[5] - Research and development expenses for the current period were ¥63,217,386.60, slightly down from ¥64,035,600.74 in the previous period, indicating a decrease of about 1.3%[20] - The company recorded a 69.64% increase in investment income, attributed to profits from joint ventures[9] - The company experienced a 162.95% increase in prepaid accounts, mainly due to increased advance payments for goods[9] - The company reported a 38.93% increase in inventory, attributed to unfinished installation and debugging of certain integrated and software development projects[9] Changes and Guarantees - The company plans to provide a guarantee for its wholly-owned subsidiary's loan of 483 million CNY from Hebei Bank, with a term of 16 years[12] - The board of directors has undergone changes, with new non-independent and independent directors being elected[14] Audit Status - The first quarter report was not audited, indicating that the financial data may be subject to further review[24]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 267,091,301.60, representing a year-on-year increase of 2.92% compared to CNY 259,506,479.47 in the same period last year[4]. - The net profit attributable to shareholders of the listed company improved significantly, with a loss of CNY 14,546,830.68, a reduction in loss of CNY 23,008,900.74 compared to a loss of CNY 37,555,731.42 in the previous year[4][8]. - The net cash flow from operating activities was CNY 937,658.54, a substantial improvement from a negative cash flow of CNY 58,554,399.06 in the same period last year[4][8]. - The company achieved a comprehensive gross profit margin increase due to a 12.46% reduction in operating costs, contributing to the improved financial performance[8]. - The basic and diluted earnings per share were both -CNY 0.11, an improvement from -CNY 0.28 in the same period last year[4]. - The company reported a total comprehensive loss of CNY 14,571,328.68 for Q1 2025, compared to a loss of CNY 37,430,250.14 in Q1 2024[19]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,838,255,605.65, reflecting a slight increase of 0.53% from CNY 2,823,259,680.59 at the end of the previous year[5]. - Total liabilities increased to CNY 712,669,711.29 from CNY 683,102,457.55, reflecting a rise of 4.0%[15]. - The company's total equity decreased to CNY 2,125,585,894.36 from CNY 2,140,157,223.04, a decline of 0.7%[15]. Cash Flow - Cash flow from operating activities in Q1 2025 was CNY 235,153,156.60, compared to CNY 230,385,095.15 in Q1 2024, indicating a slight increase[20]. - The net cash flow from operating activities was 937,658.54, a significant improvement compared to a net outflow of -58,554,399.06 in the previous period[21]. - Cash inflow from investment activities totaled 158,682,963.50, down from 256,129,890.04 in the prior period[21]. - The net cash flow from financing activities was 42,617,203.44, recovering from a net outflow of -45,291,688.38 previously[22]. - The total cash and cash equivalents at the end of the period were 227,345,683.05, a decrease from 310,534,580.34 at the beginning of the period[22]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,407[10]. - The largest shareholder, Chen Jinzhan, holds 16,362,811 shares, representing 12.15% of total shares[10]. - There are no significant changes in the top 10 shareholders or their shareholding status due to securities lending activities[11]. Research and Development - The company's R&D investment totaled CNY 24,095,479.17, accounting for 9.02% of operating revenue, a decrease from 9.57% in the previous year[5]. - Research and development expenses for Q1 2025 were CNY 24,095,479.17, slightly down from CNY 24,845,984.25 in Q1 2024[18]. - The company has not reported any new product or technology developments in this period[12]. Inventory and Receivables - Accounts receivable increased from ¥548,138,774.34 to ¥569,331,118.55, an increase of about 3.9%[13]. - Inventory decreased from ¥104,361,324.22 to ¥82,726,864.24, a reduction of approximately 20.7%[13]. - Total current assets increased slightly from ¥1,435,698,565.84 to ¥1,444,213,864.32, an increase of about 0.6%[13].

Financial Performance - The company's operating revenue for Q1 2025 was ¥375,556,662.19, representing an increase of 8.99% compared to ¥344,577,070.46 in the same period last year[4]. - The net profit attributable to shareholders was -¥26,336,182.12, an improvement from -¥41,764,489.21 year-over-year, indicating a 36.94% reduction in losses[4][8]. - Total revenue for Q1 2025 reached ¥375,556,662.19, an increase of 9.4% compared to ¥344,577,070.46 in Q1 2024[18]. - Net loss for Q1 2025 was ¥26,336,187.44, an improvement from a net loss of ¥41,764,493.93 in Q1 2024[19]. - Basic and diluted earnings per share were both -¥0.21, an improvement from -¥0.33 in the previous year[4]. - Basic and diluted earnings per share for Q1 2025 were both -¥0.21, an improvement from -¥0.33 in Q1 2024[19]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,714,268,461.57, reflecting an increase of 8.45% from ¥6,191,104,639.26 at the end of the previous year[5]. - Total assets increased to ¥6,714,268,461.57 as of March 31, 2025, compared to ¥6,191,104,639.26 at the same time last year[16]. - Total liabilities rose to ¥3,190,708,379.17, up from ¥2,646,792,472.59 in the previous year[16]. - The company's total liabilities rose to ¥2,268,801,068.69 from ¥2,072,267,653.37, reflecting increased operational commitments[24]. - The total current assets increased to ¥4,329,133,394.54 as of March 31, 2025, up from ¥4,160,677,379.54 at the end of 2024, driven by higher cash and inventory levels[24]. Cash Flow - The net cash flow from operating activities was -¥26,485,316.57, a significant decline compared to a positive cash flow of ¥93,684,717.58 in the same period last year[4][8]. - Cash flow from operating activities showed a net outflow of ¥26,485,316.57, compared to a net inflow of ¥93,684,717.58 in the same period last year[20]. - Cash flow from operating activities showed a net outflow of ¥73,241,650.55 in Q1 2025, compared to a net inflow of ¥55,034,370.09 in Q1 2024, indicating challenges in cash generation[26]. - The net cash flow from financing activities was -$20,091,562.69[27]. - The net increase in cash and cash equivalents was $64,363,655.81, compared to $27,385,924.59 in the previous period[27]. Research and Development - Research and development (R&D) expenses totaled ¥27,197,864.75, down 32.35% from ¥40,206,161.95, with R&D expenses accounting for 7.24% of operating revenue, a decrease of 4.43 percentage points[5][8]. - Research and development expenses decreased to ¥25,191,564.76 in Q1 2025 from ¥36,193,689.15 in Q1 2024, suggesting a potential shift in focus towards operational efficiency[25]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 10,998[10]. - The largest shareholder, Wuxi Weizhi Yuanchuang Investment Partnership, holds 27 million shares, representing 20.52% of total shares[10]. - The company has a total of 4,554,770 shares in its repurchase account, which are not included in the top 10 shareholders[11]. Inventory and Orders - As of March 31, 2025, the total amount of orders on hand is approximately 3.104 billion RMB, with the top five customers accounting for 54.59% of the total[13]. - The inventory as of March 31, 2025, is approximately 1.59 billion RMB, down from 1.70 billion RMB at the end of 2024[15].

Financial Performance - The company's operating revenue for Q1 2025 was CNY 434,173,272.66, representing a slight increase of 0.21% compared to CNY 433,247,095.27 in the same period last year[4]. - Net profit attributable to shareholders for the same period was CNY 15,727,920.77, up by 4.04% from CNY 15,117,189.97 year-on-year[4]. - The net profit after deducting non-recurring gains and losses was CNY 14,778,815.30, reflecting a growth of 9.95% compared to CNY 13,441,634.60 in the previous year[4]. - Total revenue for Q1 2025 was CNY 434,173,272.66, a slight increase from CNY 433,247,095.27 in Q1 2024, representing a growth of 0.21%[17]. - Net profit for Q1 2025 was CNY 12,381,790.64, down from CNY 13,500,026.56 in Q1 2024, reflecting a decline of about 8.3%[18]. - The total comprehensive income for the period was CNY 12,998,880.23, compared to CNY 12,629,007.94 in the previous period, reflecting an increase of approximately 2.9%[19]. - The company’s basic and diluted earnings per share remained stable at CNY 0.06 for both periods[19]. Research and Development - The total R&D expenditure amounted to CNY 40,742,281.79, which is 9.38% of the operating revenue, showing a slight increase from 9.33% in the previous year[5]. - Research and development expenses for Q1 2025 were CNY 36,138,256.08, slightly up from CNY 35,640,291.17 in Q1 2024, indicating a growth of about 1.4%[18]. Assets and Liabilities - The company's total assets as of March 31, 2025, were CNY 3,211,083,204.03, an increase of 3.47% from CNY 3,103,402,623.66 at the end of the previous year[5]. - The company's total assets increased to CNY 3,211,083,204.03 in the latest reporting period, up from CNY 3,103,402,623.66, indicating a growth of approximately 3.48%[13]. - Total liabilities rose to CNY 1,577,468,020.40, compared to CNY 1,500,138,534.05, marking an increase of about 5.16%[14]. - The total equity attributable to shareholders increased to CNY 1,485,478,446.77 from CNY 1,458,211,222.60, a growth of about 1.87%[14]. Cash Flow - The net cash flow from operating activities was negative at CNY -201,825,862.64, compared to CNY -210,995,050.28 in the same period last year[4]. - The net cash flow from operating activities for Q1 2025 was CNY -201,825,862.64, slightly improved from CNY -210,995,050.28 in Q1 2024[20]. - Cash inflow from operating activities totaled CNY 520,607,389.86, up from CNY 358,414,202.26 in the same quarter last year, representing a growth of about 45.2%[20]. - The company reported a net cash outflow from investing activities of CNY -4,876,046.41, an improvement from CNY -248,928,012.16 in the previous year[21]. - Cash flow from financing activities generated a net inflow of CNY 64,559,814.53, down from CNY 290,242,301.52 in Q1 2024[21]. - The total cash inflow from financing activities was CNY 330,769,200.00, compared to CNY 518,916,130.00 in the previous year[21]. - The cash and cash equivalents at the end of the period were CNY 351,598,180.21, compared to CNY 382,838,294.13 at the end of Q1 2024[21]. Shareholder Information - The company had a total of 12,573 common shareholders at the end of the reporting period[8]. - The largest shareholder, Shanghai Qianzhong Communication Technology Co., Ltd., held 23.80% of the shares, totaling 62,567,856 shares[8]. - There were no significant changes in the shareholding structure or any related party transactions reported during the period[9]. Inventory and Cash Management - The company reported a decrease in inventory to CNY 603,840,487.26 from CNY 376,257,731.49, reflecting an increase of approximately 60.4%[12]. - The company's cash and cash equivalents increased to CNY 53,401,637.03 from CNY 58,481,175.16, a decrease of approximately 8.5%[12]. - The company experienced a decrease in cash flow from sales of goods and services, which amounted to CNY 511,641,196.66 in Q1 2025, compared to CNY 354,040,246.97 in Q1 2024[20]. - The company’s total liabilities increased, impacting the overall financial position, with significant cash outflows noted in operational expenses[21].

Financial Performance - The company's operating revenue for Q1 2025 reached ¥350,977,061.60, representing a 25.55% increase compared to ¥279,559,928.41 in the same period last year[3] - Net profit attributable to shareholders was ¥31,634,997.78, a 49.12% increase from ¥21,214,731.43 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥30,236,337.19, reflecting a 63.78% increase from ¥18,461,626.37 in the previous year[3] - Basic earnings per share rose to ¥0.17, up 54.55% from ¥0.11 in the same quarter last year[3] - Total operating revenue for Q1 2025 reached CNY 350,977,061.60, a 25.5% increase from CNY 279,559,928.41 in Q1 2024[17] - Net profit for Q1 2025 was CNY 30,899,219.34, representing a 52.2% increase compared to CNY 20,349,235.39 in Q1 2024[18] - Earnings per share for Q1 2025 was CNY 0.17, compared to CNY 0.11 in Q1 2024[19] Assets and Liabilities - The company's total assets increased by 3.56% to ¥2,943,809,064.91 from ¥2,842,515,132.82 at the end of the previous year[4] - As of March 31, 2025, total assets amounted to RMB 2,943,809,064.91, an increase from RMB 2,842,515,132.82 as of December 31, 2024, reflecting a growth of approximately 3.55%[12] - Current assets totaled RMB 1,981,003,180.90, up from RMB 1,877,407,954.56, indicating an increase of about 5.52%[13] - The company's total liabilities increased to CNY 1,520,214,983.99 in 2025 from CNY 1,451,794,793.70 in 2024[15] - The company's total liabilities increased, with current liabilities rising significantly, indicating potential liquidity concerns[12] Cash Flow - The net cash flow from operating activities was negative at -¥120,857,478.15, compared to -¥56,391,635.72 in the previous year, indicating a significant cash flow challenge[3] - Cash inflow from operating activities in Q1 2025 totaled CNY 223,017,316.54, down from CNY 256,672,991.55 in Q1 2024[20] - The net cash flow from operating activities was -$120.86 million, compared to -$56.39 million in the previous period, indicating a decline in operational cash generation[21] - The company reported a total cash outflow from operating activities of $343.87 million, compared to $313.06 million in the previous period[21] Research and Development - Research and development expenses totaled ¥24,849,133.58, a 19.05% increase from ¥20,873,132.09 year-on-year[3] - Research and development expenses for Q1 2025 were CNY 24,849,133.58, an increase from CNY 20,873,132.09 in Q1 2024[17] - The proportion of R&D expenses to operating revenue decreased to 7.08%, down 0.39 percentage points from 7.47%[4] Shareholder Information - The company reported a total of 8,723 common shareholders at the end of the reporting period[9] - The company reported a total of 65,510,094 shares held by Huzhou Derma Investment Consulting Co., Ltd., representing the largest shareholder[10] Investment and Financing Activities - Cash inflow from investment activities totaled $115.57 million, a significant increase from $5.13 million in the prior period[21] - Cash inflow from financing activities amounted to $112.97 million, up from $75.12 million in the previous period[22] - The net cash flow from financing activities was $84.09 million, a substantial increase from $0.89 million in the prior period[22] Other Financial Metrics - The weighted average return on equity improved to 2.26%, an increase of 0.67 percentage points from 1.59%[3] - Cash and cash equivalents decreased to RMB 405,966,819.74 from RMB 490,435,250.65, representing a decline of approximately 17.25%[12] - Accounts receivable rose to RMB 608,064,971.46, compared to RMB 480,762,350.82, marking an increase of around 26.54%[12] - Inventory increased to RMB 528,024,084.19 from RMB 441,096,047.01, showing a growth of approximately 19.69%[13] - Short-term borrowings increased to RMB 75,684,380.69 from RMB 49,611,087.55, reflecting a rise of about 52.55%[13] - The company has a long-term investment of RMB 55,999,223.95, down from RMB 63,870,772.19, indicating a decrease of approximately 12.92%[13] - The company's long-term borrowings increased to CNY 294,078,914.51 in 2025 from CNY 232,745,459.79 in 2024[15] - The company paid $78.03 million in employee compensation, an increase from $72.85 million in the prior period[21] - The company recorded a cash outflow of $21.40 million for debt repayment, down from $67.20 million in the previous period[22] - The impact of exchange rate changes on cash and cash equivalents was a positive $269.63 thousand, contrasting with a negative impact of $725.00 thousand in the previous period[22] Strategic Focus - The company is focusing on expanding its market presence and enhancing its product offerings through new technology development and strategic partnerships[11]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 131,254,670.15, representing a 26.60% increase compared to CNY 103,675,064.16 in the same period last year[3]. - Net profit attributable to shareholders was CNY 24,080,972.58, up 43.22% from CNY 16,814,241.84 year-over-year[3]. - Basic and diluted earnings per share increased by 41.67%, reaching CNY 0.34 per share[3]. - The company's net profit for Q1 2025 was CNY 25,014,425.49, an increase of 38.4% compared to CNY 17,995,897.75 in Q1 2024[17]. - The total operating revenue for Q1 2025 was CNY 94,294,294.12, up from CNY 75,708,275.09 in Q1 2024, reflecting a growth of 24.5%[17]. - The operating profit for Q1 2025 reached CNY 30,665,368.37, compared to CNY 22,323,428.22 in the same period last year, marking an increase of 37.5%[17]. - The basic and diluted earnings per share for Q1 2025 were both CNY 0.34, up from CNY 0.24 in Q1 2024, representing a growth of 41.7%[18]. - The total operating costs for Q1 2025 were CNY 94,294,294.12, up from CNY 75,708,275.09 in Q1 2024, indicating a rise of 24.5%[17]. - The company incurred a financial expense of CNY 467,245.20 in Q1 2025, significantly lower than CNY 1,359,644.26 in Q1 2024, showing a decrease of 65.6%[17]. Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -2,826,529.35, a decline of 118.60% compared to CNY 15,192,555.21 in the previous year[3]. - Cash and cash equivalents increased significantly to RMB 75,017,826.45 from RMB 27,593,494.46, marking a growth of 172.2%[12]. - Cash and cash equivalents at the end of Q1 2025 totaled CNY 75,017,826.45, an increase from CNY 52,941,072.12 at the end of Q1 2024[23]. - The company reported a net cash inflow from investing activities of CNY 14,402,809.20 in Q1 2025, compared to a net outflow of CNY -24,602,361.78 in Q1 2024[22]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,131,268,342.47, reflecting a 3.92% increase from CNY 1,088,614,446.90 at the end of the previous year[4]. - Current assets as of March 31, 2025, totaled RMB 519,143,287.84, up from RMB 481,699,185.96 at the end of 2024, reflecting a growth of 7.8%[12]. - Total liabilities as of March 31, 2025, were RMB 331,903,331.49, compared to RMB 314,263,861.41 at the end of 2024, indicating an increase of 5.7%[14]. - The company's total assets reached RMB 1,131,268,342.47, up from RMB 1,088,614,446.90, representing a growth of 3.9%[14]. - Non-current assets amounted to RMB 612,125,054.63, slightly up from RMB 606,915,260.94, reflecting a growth of 0.2%[13]. - The company's retained earnings increased to RMB 300,911,585.75 from RMB 276,830,613.17, a rise of 8.7%[14]. - Short-term borrowings rose to RMB 82,768,218.33 from RMB 43,038,927.77, an increase of 92.2%[14]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 3,804[9]. - The top shareholder, Zhang Yun, holds 27.87% of the shares, totaling 19,511,467 shares[9]. - The company reported no significant changes in shareholder relationships or agreements during the reporting period[11]. Research and Development - Research and development expenses totaled CNY 5,194,466.61, accounting for 3.96% of operating revenue, down from 4.68% in the previous year[3]. - The company reported a significant increase in core technology products, including ePTFE micro-permeable products and CMD, contributing to the profit growth[7].

Financial Performance - The company's operating revenue for 2024 reached ¥296,572,915.95, representing a 28.86% increase compared to ¥230,144,882.78 in 2023 [27]. - The net profit attributable to shareholders increased by 31.10% to ¥26,273,621.05 from ¥20,041,157.15 in the previous year [27]. - The net profit after deducting non-recurring gains and losses rose by 31.20% to ¥20,347,131.53, up from ¥15,509,000.82 in 2023 [27]. - The basic earnings per share increased by 30.43% to ¥0.30 from ¥0.23 in the previous year [28]. - The company achieved a weighted average return on equity of 4.51%, an increase of 0.98 percentage points from 3.53% in 2023 [28]. - The total assets of the company at the end of 2024 were ¥785,339,501.80, a slight increase of 1.12% from ¥776,641,798.51 at the end of 2023 [27]. - The company's total revenue for the reporting period reached CNY 296,572,915.95, representing a year-on-year growth of 28.86% [40]. - The net profit attributable to the parent company was CNY 26,273,621.05, an increase of 31.10% compared to the previous year [40]. Dividend Distribution - The company plans to distribute a cash dividend of 1.10 yuan per 10 shares, totaling approximately 9,638,706 yuan, which accounts for 36.69% of the net profit attributable to shareholders [9]. - The net profit attributable to shareholders for the fiscal year 2024 is 26,273,621.05 RMB, while the available profit for distribution is 216,348,011.84 RMB [186]. - Over the last three fiscal years, the cumulative cash dividend amount (including tax) is 35,795,346.00 RMB, with an average annual net profit of 32,454,055.67 RMB, resulting in a cash dividend ratio of 110.30% [191]. Research and Development - The company has increased its investment in AI research and development, significantly improving its competitive edge in the market [29]. - R&D expenses totaled $23,752,414.80, a decrease of 5.18% compared to the previous year, which was $25,051,162.02 [82]. - The proportion of total R&D expenses to operating revenue decreased by 2.87 percentage points, from 10.88% to 8.01% [82]. - The company has developed an AI-based industrial monitoring platform that enhances safety oversight in coal and non-coal mining environments, achieving partial functionality in specific coal mines [5]. - The cumulative R&D investment over the last three fiscal years is 70,989,177.56 RMB, accounting for 8.57% of total revenue [191]. Technological Advancements - The company emphasizes the integration of industrial IoT with AI and big data for developing smart mining systems [16]. - The company has made significant advancements in AI technology, including the development of the "Shengshi F1.0 Industrial Vision Model," which supports intelligent identification and analysis in complex industrial scenarios [43]. - The AI-driven "Mine Multi-Vehicle Transport Unmanned Driving and Logistics Control System" has been successfully applied in several large mining groups, improving transportation efficiency [43]. - The integration of AI, 5G, and big data is reshaping traditional industrial production models, with significant advancements in predictive maintenance and operational efficiency [69]. - The company is focused on maintaining its technological leadership and driving industry-wide intelligent upgrades through continuous innovation in AI technology [42]. Market Strategy and Expansion - The company is actively expanding its regional market strategy by forming localized teams to enhance service quality and market responsiveness [40]. - The company plans to expand its market presence by entering three new regions by the end of 2024, aiming for a 15% increase in market share [164]. - The company is pursuing strategic acquisitions to enhance its technology capabilities, with a target of completing two acquisitions by mid-2024 [164]. - The company has established five regional marketing centers in North China, Northeast, Shanxi, Northwest, and headquarters, enhancing its localized service and marketing network [44]. Governance and Compliance - The company maintains independence in operations and governance, ensuring compliance with relevant laws and regulations while protecting shareholder rights [156]. - The company held its first extraordinary general meeting of 2024 on January 25, 2024, with all resolutions passed and no objections raised [159]. - The company is committed to maintaining compliance with relevant laws and regulations regarding shareholder meetings and governance [159]. - The company’s governance structure adheres to the requirements set forth by the Company Law and Securities Law, ensuring effective decision-making processes [159]. Operational Efficiency - The company has optimized its management structure and reduced operational costs, contributing to profit growth [29]. - Management optimization initiatives have improved operational efficiency, including upgrades to procurement and warehousing systems, reducing costs and inventory [45]. - The company reported a 10% reduction in operational costs due to improved processes and technology integration [165]. - The company is committed to optimizing management processes to enhance operational efficiency and decision-making accuracy through data-driven management [153]. Risks and Challenges - The company has outlined various risks in its operations and corresponding mitigation measures [6]. - The company faces seasonal fluctuations in revenue, with a significant portion of income concentrated in the fourth quarter due to client procurement cycles [105]. - The company is at risk of losing its core competitiveness if it fails to keep pace with industry trends and effectively commercialize its technological innovations [104]. - The company has a significant amount of accounts receivable, which poses a risk if clients face adverse changes in their financial conditions, potentially impacting the company's performance [108]. Human Resources and Talent Management - The company has established a comprehensive employee training system to enhance business capabilities and overall quality [184]. - The total number of employees in the parent company and major subsidiaries is 197, with 110 technical personnel [182]. - The company has a structured approach to performance assessment for senior management, linking compensation to operational results [169]. - The company’s core technical personnel have been actively involved in stock incentive programs, reflecting a strategy to retain talent [162]. Awards and Recognition - The company has received numerous national awards for its technological achievements, including the National Science and Technology Progress Award and the National Safety Production Technology Achievement Award [67]. - The company has been recognized as a national-level specialized and innovative "little giant" enterprise in 2021 [79]. - The company has been recognized as one of the top 20 information technology enterprises in the coal industry for 2024, reflecting its competitive position in the market [94].