Financial Performance - The company's operating revenue for Q1 2025 was ¥197,014,270.73, a decrease of 32.83% compared to ¥293,298,831.57 in the same period last year[3]. - The net profit attributable to shareholders was -¥1,832,539.23, representing a decline of 111.74% from ¥15,610,139.93 year-over-year[3]. - The net cash flow from operating activities was -¥61,743,909.04, a significant drop of 249.34% compared to ¥41,344,340.75 in the previous year[3]. - The basic earnings per share were -¥0.02, a decrease of 111.11% from ¥0.18 in the same period last year[3]. - The diluted earnings per share also stood at -¥0.02, reflecting the same decline of 111.11%[4]. - The weighted average return on equity was -0.50%, a decrease of 4.28 percentage points from 3.78% in the previous year[4]. - The net profit for Q1 2025 was a loss of ¥1,799,351.33, compared to a profit of ¥15,610,102.87 in Q1 2024[20]. - The company reported total comprehensive income of 2,615,933.08 RMB for the period, a decrease from 7,117,100.71 RMB in the previous period[29]. Assets and Liabilities - Total assets at the end of the reporting period were ¥620,184,156.97, down 23.56% from ¥811,387,085.16 at the end of the previous year[4]. - As of March 31, 2025, the company's total assets amounted to RMB 620,184,156.97, a decrease from RMB 811,387,085.16 as of December 31, 2024, representing a decline of approximately 23.5%[14]. - The company's current assets totaled RMB 472,153,536.87, down from RMB 659,873,627.43, indicating a decrease of about 28.5%[15]. - Total liabilities decreased to ¥247,948,593.04 in Q1 2025 from ¥441,348,946.74 in Q1 2024[17]. - The company's total liabilities decreased to 364,950,797.95 RMB from 464,926,360.60 RMB in the previous period[27]. Cash Flow - The net cash flow from investment activities was 29,391,441.42 RMB, a significant improvement compared to a net outflow of 33,700,550.94 RMB in the previous period[23]. - Total cash inflow from financing activities reached 126,560,000.00 RMB, up from 80,000,000.00 RMB in the prior period[23]. - The company reported a net decrease in cash and cash equivalents of 81,650,291.02 RMB, compared to a smaller decrease of 3,813,744.59 RMB in the previous year[23]. - The net cash flow from operating activities for Q1 2025 was -90,564,306.60 RMB, a significant decline compared to 25,231,971.03 RMB in Q1 2024[32]. - The company reported a total cash outflow from operating activities of 271,977,251.86 RMB in Q1 2025, compared to 297,217,352.04 RMB in Q1 2024, indicating a decrease of about 8.5%[32]. Research and Development - Research and development expenses totaled ¥13,253,647.44, accounting for 6.73% of operating revenue, an increase of 1.62 percentage points from 5.11% in the previous year[4]. - Research and development expenses for Q1 2025 were ¥13,253,647.44, down from ¥14,897,402.33 in Q1 2024[19]. - Research and development expenses for Q1 2025 were 11,657,808.97 RMB, slightly lower than 12,313,360.45 RMB in Q1 2024[28]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,381[9]. - The top shareholder, Ningbo Heting Investment Co., Ltd., holds 6,340,000 shares, representing 7.38% of total shares[12]. - The company reported a total of 1,531,321 shares held in the repurchase account, which are not included in the top 10 shareholders list[10]. - The company has not reported any changes in the top 10 shareholders due to securities lending activities[13].

Financial Performance - The revised operating income is reported at 31,803.70 million RMB, an increase of 0.93% compared to the previous year's 29,083.30 million RMB [3]. - The revised operating profit is -304.12 million RMB, a decrease of 2,506.55 million RMB from the previous forecast [5]. - The total profit is revised to -400.54 million RMB, down by 2,506.45 million RMB compared to the prior forecast [5]. - The net profit attributable to the parent company is adjusted to 162.85 million RMB, a decrease of 1,850.24 million RMB from the previous forecast [5]. - The net profit attributable to the parent company after deducting non-recurring gains and losses is revised to -720.69 million RMB, down by 1,804.87 million RMB from the previous forecast [5]. - The basic earnings per share is revised to 0.31 RMB, a decrease of 96.97% compared to the previous year's 0.66 RMB [4]. - The weighted average return on net assets is reported at 2.27%, a decrease of 7.43 percentage points from the previous year [4]. Assets and Equity - The total assets at the end of the reporting period are reported at 118,794.86 million RMB, an increase of 3.61% from the previous year [3]. - The equity attributable to the parent company is reported at 99,622.51 million RMB, a decrease of 2.12% from the previous year [3]. Corporate Communication - The company expresses sincere apologies for the impact of the earnings forecast correction on investors and commits to enhancing financial oversight and communication with auditors [7].

Financial Performance - The company's revenue for Q1 2025 was ¥2,076,194,452.05, a decrease of 7.20% compared to ¥2,237,194,615.74 in the same period last year[5] - Net profit attributable to shareholders was ¥340,019,016.58, down 14.66% from ¥398,415,708.31 year-on-year[5] - Basic and diluted earnings per share were both ¥0.36, reflecting a decline of 14.29% from ¥0.42 in the same period last year[5] - Net profit for the period was ¥335,612,013.91, down from ¥394,942,303.32, reflecting a decline of approximately 15% year-over-year[18] - Operating profit decreased to ¥399,237,096.37 from ¥465,826,743.30, a drop of around 14.2% year-over-year[18] - Total comprehensive income for the period was ¥335,266,895.45, down from ¥394,900,244.36, reflecting a decrease of about 15% year-over-year[18] Cash Flow - The net cash flow from operating activities decreased by 441.59%, resulting in a negative cash flow of ¥187,492,962.49, compared to a positive cash flow of ¥54,887,609.62 in the previous year[5] - Cash flow from operating activities showed a net outflow of ¥187,492,962.49 compared to a net inflow of ¥54,887,609.62 in the previous period[19] - Cash and cash equivalents at the end of the period were ¥1,357,295,509.61, down from ¥1,456,070,159.92[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥16,698,707,688.37, a decrease of 2.02% from ¥17,043,258,282.33 at the end of the previous year[5] - Current assets decreased to CNY 9,264,804,228.23 from CNY 10,366,102,914.09, reflecting a decline of approximately 10.61%[14] - The company's cash and cash equivalents decreased to CNY 1,486,534,715.42 from CNY 1,631,776,094.27, a reduction of about 8.93%[14] - The total liabilities decreased to CNY 5,087,039,572.52 from CNY 5,777,171,541.22, indicating a decline of approximately 11.96%[15] - The total non-current assets increased to CNY 7,433,903,460.14 from CNY 6,677,155,368.24, reflecting a growth of approximately 11.34%[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 42,444[10] - The total equity attributable to the parent company increased to CNY 11,526,748,204.40 from CNY 11,178,437,443.19, reflecting a growth of about 3.12%[16] - The company's retained earnings rose to CNY 9,961,081,927.03 from CNY 9,621,062,910.45, an increase of about 3.54%[16] Expenses - Total operating costs reduced to ¥1,752,513,463.62 from ¥1,829,923,364.67, a decrease of about 4.2% year-over-year[17] - Research and development expenses were ¥62,500,918.10, a decrease from ¥69,436,172.91, indicating a reduction of about 10.5% year-over-year[17] - Financial expenses increased by 33.50% year-on-year, mainly due to a decrease in bank interest during the reporting period[8] Other Financial Metrics - The company's weighted average return on equity was 3.00%, down 0.72 percentage points from 3.72% in the previous year[5] - The company reported a significant increase in credit impairment losses to ¥23,314,042.05 from ¥17,902,453.99, an increase of approximately 30.5% year-over-year[17] Reporting Notes - The first quarter report is unaudited[21] - The new accounting standards will be implemented starting in 2025[21]

Financial Performance - The company's operating revenue for 2024 was CNY 11,212,654,220.22, a slight increase of 0.10% compared to CNY 11,201,895,774.27 in 2023[18]. - The net profit attributable to shareholders for 2024 decreased by 8.97% to CNY 1,577,400,594.74 from CNY 1,732,789,332.13 in 2023[18]. - The net profit after deducting non-recurring gains and losses was CNY 1,455,592,192.81, down 8.08% from CNY 1,583,568,042.64 in the previous year[18]. - The net cash flow from operating activities dropped by 30.59% to CNY 1,660,251,710.71 from CNY 2,391,921,812.71 in 2023[18]. - Basic and diluted earnings per share for 2024 were both CNY 1.67, reflecting an 8.74% decrease from CNY 1.83 in 2023[18]. - The total assets at the end of 2024 were CNY 17,043,258,282.33, an increase of 1.57% from CNY 16,779,531,315.72 at the end of 2023[18]. - The net assets attributable to shareholders increased by 6.23% to CNY 11,178,437,443.19 from CNY 10,522,938,731.68 in 2023[18]. - The weighted average return on equity decreased by 2.34 percentage points to 14.44% from 16.78% in 2023[18]. Market Overview - In 2024, the total retail sales of the kitchen appliance market in China reached 176.4 billion yuan, a year-on-year increase of 5.7%[28]. - The sales of essential categories such as range hoods and gas stoves amounted to 109.8 billion yuan, up 10.1% year-on-year[28]. - The retail market for kitchen appliances in China reached 82.15 billion yuan in 2024, growing by 4.7% year-on-year, with significant increases in offline retail sales of range hoods and gas stoves by 40.76% and 39.27%, respectively[37]. - The company maintained leading market shares in key product categories, with range hood and gas stove retail market shares at 32.06% and 31.73%, respectively, reflecting increases of 1.09 and 1.71 percentage points year-on-year[38]. Product and Innovation - The company’s core product lines include kitchen air environment products, cooking products, and cleaning storage products, focusing on comprehensive kitchen solutions[30]. - The company launched the industry's first AI cooking model "Shishen," which provides personalized cooking solutions and serves over one million households daily, contributing to a more than fivefold increase in digital kitchen appliance sales year-on-year[40]. - The company’s R&D capabilities remain strong, driving continuous innovation in product offerings[33]. - The company’s R&D expenditure for 2024 was ¥413,659,448.81, an increase of 6.79% compared to ¥387,368,591.97 in 2023, accounting for 3.69% of total revenue[59]. Strategic Initiatives - The company aims to enhance its brand positioning as a high-end kitchen appliance provider, recognized as one of the most influential brands in the industry[34]. - The company has expanded its distribution channels to cover offline retail, online e-commerce, and overseas markets, reaching over 30 countries[32]. - The company plans to transform its channel capabilities towards direct-to-consumer (2C) models to capture structural opportunities[76]. - The company aims to strengthen investor relations through various channels, including performance briefings and investor days, to improve market value recognition[84]. Governance and Compliance - The company has committed to maintaining a transparent governance structure, ensuring independence from its controlling shareholder in operations and finances[88]. - The company has received an A-level rating for information disclosure from the Shenzhen Stock Exchange for 11 consecutive years since 2013, enhancing transparency and investor confidence[82]. - The company has implemented a robust internal audit system to oversee daily operations and compliance with governance standards[95]. - The company has actively disclosed nine social responsibility reports and four ESG reports to communicate its internal value to investors[82]. Shareholder Information - The total shares held by directors, supervisors, and senior management at the end of the reporting period amounted to 15,182,843 shares, unchanged from the previous period[100]. - The chairman, Ren Jianhua, holds 5,923,150 shares, maintaining his position without any changes during the reporting period[99]. - The company has maintained stable dividends since its listing in 2010, with a special dividend plan announced in December 2023, committing to a cash dividend ratio of no less than 50% annually from 2024 to 2026[83]. - The largest shareholder, Hangzhou Boss Electric Group Co., Ltd., holds 49.91% of the shares, totaling 471,510,000 shares[195]. Employee and Management - The total number of employees at the end of the reporting period is 5,166, with 3,717 in the parent company and 1,449 in major subsidiaries[121]. - The company has established a salary management system based on job value and performance assessment[123]. - The company conducted various training programs, enhancing employee participation significantly[124]. - The company has a comprehensive salary system for senior management, which is reviewed annually[112]. Future Outlook - The company has provided a positive outlook for the next quarter, projecting a revenue increase of 25%[106]. - New product launches are expected to contribute an additional 300 million RMB in revenue over the next fiscal year[107]. - Market expansion plans include entering three new provinces, targeting a 10% market share in these regions within two years[109]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million RMB for potential deals[104].

Financial Performance - Total revenue for 2024 was CNY 6,795,252,314.95, a decrease of 1.46% compared to CNY 6,896,205,555.83 in 2023[55]. - Net profit attributable to shareholders increased by 18.52% to CNY 1,834,953,886.00 from CNY 1,548,231,441.85 in the previous year[55]. - Net profit excluding non-recurring gains and losses rose by 20.42% to CNY 1,809,660,160.85 compared to CNY 1,502,821,301.56 in 2023[55]. - Other comprehensive income after tax surged by 140.24% to CNY 1,530,623,599.57 from CNY 637,119,494.84 in the previous year[55]. - Net cash flow from operating activities increased significantly by 299.78% to CNY 18,669,993,418.38 from CNY 4,670,076,416.95 in 2023[55]. - Basic earnings per share rose by 15.38% to CNY 0.30 from CNY 0.26 in the previous year[55]. - Total assets at the end of 2024 reached ¥171.77 billion, a 0.61% increase from ¥170.73 billion at the end of 2023[56]. - Total liabilities decreased by 2.57% to ¥132.46 billion from ¥135.96 billion at the end of 2023[56]. - Net profit for 2024 was ¥1.47 billion, representing a 30.28% increase compared to ¥1.13 billion in 2023[56]. - Operating cash flow for 2024 surged by 249.64% to ¥18.37 billion from ¥5.25 billion in 2023[56]. Shareholder Returns - The company plans to distribute a cash dividend of 1.50 RMB per 10 shares, totaling approximately 829.51 million RMB based on the latest total share capital of 5,530,072,948 shares[6]. - In July 2014, the company implemented a cash dividend of 2.50 RMB per 10 shares and a capital reserve conversion of 10 shares for every 10 held, increasing total shares from 2,371,233,839 to 4,742,467,678[34][33]. Business Operations - The company’s main business includes securities brokerage, self-operated securities, and asset management, among others[21]. - The company operates 277 branches across 157 cities in 31 provinces, with 245 of these being securities business departments[50][52]. - The company has established a total of 32 subsidiaries across various provinces, including 2 in Hubei, Guangdong, and Liaoning each, and 1 in Beijing, among others[41]. - The company has qualifications for various financial services, including asset management and futures brokerage, with approvals from multiple regulatory authorities[26]. - The company has qualifications for managing public and private investment funds, indicating its capability in asset management[26]. Capital Structure and Financing - The company reported a net capital of approximately 29.72 billion RMB[17]. - The registered capital stands at 5.53 billion RMB[17]. - The company has a registered capital of 1.6 billion RMB after a capital increase in 1997, which was later expanded to 3.02 billion RMB in 1998[28]. - The registered capital was further increased to 10.29 billion RMB in 1999, and subsequently to 20 billion RMB in December 2001, as approved by the CSRC[29]. - In November 2009, the company raised a net amount of 3.202 billion RMB by issuing 496 million shares at a ratio of 3 shares for every 10 held[29]. - In March 2011, the company raised a net amount of 2.476 billion RMB through a public offering of 200 million shares[32]. - In July 2016, the company raised a net amount of 8.269 billion RMB through a private placement of 787 million shares[34]. - In March 2018, the company issued 50 million convertible bonds with a total value of 5 billion RMB, raising a net amount of approximately 495.635 million RMB[34]. Risk Management and Compliance - The company emphasizes risk management and compliance, with dedicated departments for legal compliance, risk management, and internal auditing[38]. - The company has maintained compliance with regulatory requirements, ensuring its operational legitimacy and market presence[27]. - The company has established a comprehensive risk management system, ensuring that all major risk control indicators continue to meet regulatory standards, with asset quality steadily improving[139]. - The company emphasizes compliance and risk management, with no major regulatory penalties reported during the reporting period[139]. Strategic Initiatives - The company is committed to enhancing its financial technology capabilities to meet investor needs and expand its service offerings[38]. - The company aims to enhance its wealth management transformation by optimizing multi-channel customer acquisition and expanding core bank partnerships in 2025[84]. - The company plans to strengthen its risk management framework in the credit business, focusing on data-driven customer identification and enhancing service quality[90]. - The company is committed to building a comprehensive private equity ecosystem to enhance brand influence and business productivity in 2025[94]. - The company plans to enhance its research capabilities in key national strategic areas, focusing on energy transformation, high-end manufacturing, and technological innovation[100]. Market Position and Growth - The company has a significant presence in the financial services sector, with multiple subsidiaries dedicated to underwriting, asset management, and investment[46]. - The company maintained a leading position in research services, achieving the highest score in the New Fortune rankings, with 8 first-place and 7 second-place finishes across 30 industries[75]. - The A-share market saw significant growth, with the Shanghai Composite Index rising by 12.67% and the Shenzhen Component Index increasing by 9.34% in 2024[70]. - The average daily trading volume for the market increased by 22.03% year-on-year, reaching CNY 1.21 trillion[79]. - The company aims to expand its international client base while enhancing its domestic institutional client services[103]. Social Responsibility and Corporate Culture - The company has been recognized for its social responsibility efforts, receiving multiple awards for its contributions to ESG practices and rural revitalization initiatives[141]. - The company has provided nearly 15 billion yuan in financial assistance for rural revitalization, maintaining a leading position in the industry[141]. - The company has strengthened its corporate culture and talent development system, focusing on attracting and retaining high-quality professionals[143].

Financial Performance - The company's operating revenue for 2024 was ¥629,792,653.59, a decrease of 26.03% compared to ¥851,399,897.79 in 2023[21]. - The net profit attributable to shareholders for 2024 was ¥46,640,131.97, down 40.80% from ¥78,787,023.97 in 2023[21]. - The net cash flow from operating activities was -¥60,571,982.16 in 2024, a decline of 412.12% compared to ¥19,406,609.44 in 2023[21]. - The total assets at the end of 2024 were ¥2,191,596,918.48, a decrease of 9.96% from ¥2,434,003,049.72 at the end of 2023[21]. - The company reported a basic earnings per share of ¥0.4317 for 2024, down 53.14% from ¥0.9213 in 2023[21]. - The company achieved a net profit attributable to shareholders of RMB 46,640,131.97 for the fiscal year 2024, with distributable profits amounting to RMB 40,743,720.73[192]. Dividend and Capital Structure - The company plans to distribute a cash dividend of 0.56 RMB per 10 shares to all shareholders, based on a total of 108,026,700 shares[4]. - The company will increase its capital reserve by converting 4 shares for every 10 shares held by shareholders[4]. - The company plans to increase its share capital by 4 shares for every 10 shares held, resulting in a total increase of 43,210,680 shares, bringing the total share capital to 151,237,380 shares[193]. Market and Industry Outlook - The global connector market size is projected to reach $85.1 billion in 2024, with China's connector market expected to grow to ¥185.1 billion[30]. - The demand for high-performance RF coaxial connectors is increasing significantly due to the deployment of 5G networks, with 4.251 million 5G base stations expected by the end of 2024[31]. - The company is focusing on expanding its market presence in emerging industries, including 5G communications and automotive applications, while enhancing its product offerings[61]. Research and Development - Research and development expenses amounted to ¥42,091,963.01, with an increase of 0.11% in R&D intensity compared to the previous year, reflecting the company's commitment to technological innovation[62]. - The company is committed to developing new technologies and products, focusing on high-density, miniaturization, and integration in connector design[40]. - R&D investment amounted to ¥42,091,963.01 in 2024, representing 6.68% of operating revenue, up from 6.57% in 2023[78]. Risk Management - The report emphasizes the importance of risk awareness regarding forward-looking statements and operational risks[4]. - The company recognizes risks from macroeconomic fluctuations affecting connector demand and competition in the market[114]. - The company faces risks related to talent loss and technology leakage, given its status as a high-tech enterprise[117]. Governance and Compliance - The company has established a comprehensive internal control system, with no significant deficiencies reported during the period[194]. - The company has maintained effective internal control over financial reporting in all material respects as of December 31, 2024[198]. - The company has not reported any significant discrepancies in its governance practices compared to regulatory requirements[139]. Employee and Talent Management - The company currently has a total of 50,000 employees as of December 2023[150]. - The professional composition includes 922 production personnel, 91 sales personnel, 311 technical personnel, 49 financial personnel, and 266 administrative personnel[184]. - The company implemented a differentiated compensation system for employees, focusing on R&D personnel, to enhance competitiveness and promote sustainable development[186]. Strategic Initiatives - The company is focusing on expanding its market presence and enhancing its product offerings through new technologies[4]. - The company is exploring potential mergers and acquisitions to further strengthen its market position and expand its capabilities[156]. - The company is committed to innovation, enhancing research capabilities, and accelerating the conversion of scientific achievements into marketable products[52]. Investor Relations - The company has a dedicated team for investor relations, ensuring effective communication with stakeholders[18]. - The company conducted multiple investor meetings in January and February 2024, discussing business structure and production models[122]. - The company has engaged in investor relations management, reaching over 800 participants in investor education activities[138].

Financial Performance - The company's revenue for Q1 2025 was ¥85,989,040.44, a decrease of 52.90% compared to ¥182,574,954.30 in the same period last year[5] - The net loss attributable to shareholders was ¥18,444,240.89, representing a decline of 282.59% from a profit of ¥10,101,384.58 in the previous year[5] - Total operating revenue for the current period is ¥85,989,040.44, a decrease of 52.9% compared to ¥182,574,954.30 in the previous period[16] - Net profit for the current period is a loss of ¥18,939,109.75, compared to a profit of ¥9,699,000.97 in the previous period, representing a significant decline[17] - The company reported a basic and diluted earnings per share of -0.17, compared to 0.09 in the previous period[18] Cash Flow - The net cash flow from operating activities improved by 67.25%, amounting to -¥35,638,842.27, compared to -¥108,834,651.07 in the same period last year[5] - Cash inflows from operating activities totaled ¥114,278,656.91, an increase of 37.2% from ¥83,317,395.64 in the previous period[20] - Cash outflows from operating activities were ¥149,917,499.18, down 22.0% from ¥192,152,046.71 in the previous period[20] - The net cash flow from operating activities was -$35.64 million, compared to -$108.83 million in the previous period[21] - The net cash flow from investing activities was -$8.01 million, an increase from -$1.35 million year-over-year[21] - The net cash flow from financing activities was $4.16 million, a significant improvement from -$49.17 million in the prior period[21] - The total cash and cash equivalents at the end of the period decreased to $205.93 million from $592.27 million[21] - Cash outflows for debt repayment were $12.5 million, down from $57.51 million year-over-year[21] Assets and Liabilities - Total assets at the end of Q1 2025 were ¥2,164,715,989.89, a decrease of 1.23% from ¥2,191,596,918.48 at the end of the previous year[5] - Total current assets amount to 1,725,083,295.47 RMB, a decrease from 1,749,051,479.49 RMB at the beginning of the period[14] - Total liabilities amount to 599,153,372.45 RMB, a slight decrease from 606,058,547.16 RMB[14] - The total liabilities amount to ¥790,974,850.64, slightly decreasing from ¥799,423,043.02 in the previous period[15] - Total equity attributable to shareholders of the parent company is ¥1,340,711,183.52, a decrease from ¥1,358,674,755.16 in the previous period[15] Shareholder Information - Total number of common stock shareholders at the end of the reporting period is 13,279[10] - The largest shareholder, Shaanxi Electronic Xijing Electric Group Co., Ltd., holds 35.10% of shares, totaling 37,914,500 shares[10] - The company has no changes in the participation of major shareholders in margin trading or securities lending[12] Research and Development - Research and development expenses increased by 44.73% to ¥10,444,630.95, reflecting the company's focus on enhancing its R&D capabilities[8] - Research and development expenses for the current period are ¥10,444,630.95, up 44.5% from ¥7,216,418.68 in the previous period[16] Other Financial Metrics - The weighted average return on equity was -1.37%, down from 0.76% in the same period last year[5] - The company reported a significant decrease in interest income, down 67.81% to ¥376,108.56, primarily due to optimized fund management[8] - The company experienced a 76.78% decline in other income, which fell to ¥1,254,803.24, mainly due to reduced government subsidies received[8] - Total operating costs for the current period amount to ¥99,195,185.55, down 42.0% from ¥170,783,966.54 in the previous period[16] - Deferred income increased to ¥15,855,833.33 from ¥16,153,333.33 in the previous period[15] Accounting and Audit - The company did not apply the new accounting standards starting from 2025[22] - The first quarter report was not audited[22]

Financial Performance - The company's revenue for Q1 2025 was ¥1,022,941,244.68, a decrease of 21.34% compared to ¥1,300,467,040.12 in the same period last year[3] - Net profit attributable to shareholders was ¥32,063,225.07, representing a significant increase of 218.06% from a loss of ¥27,159,325.90 in the previous year[3] - Basic earnings per share increased to ¥0.0530 from a loss of ¥0.0449, marking a 218.04% improvement[3] - Total operating revenue for the current period is ¥1,022,941,244.68, a decrease of 21.4% from ¥1,300,467,040.12 in the previous period[16] - Net profit for the current period is ¥31,829,698.17, compared to a net loss of ¥59,903,171.03 in the previous period[17] - Earnings per share for the current period is ¥0.0530, a recovery from a loss of ¥0.0449 in the previous period[17] Cash Flow - The net cash flow from operating activities was -¥194,915,545.46, a decline of 45.08% compared to -¥134,351,663.49 in the same period last year[3] - Cash flow from operating activities shows a net outflow of ¥194,915,545.46, worsening from a net outflow of ¥134,351,663.49 in the previous period[18] - The total cash inflow from investment activities is ¥20,018,800.00, down from ¥200,494,170.08 in the previous period[18] - Net cash flow from financing activities increased by 155.03% to ¥19,871,760, driven by increased borrowings[8] - The net increase in cash and cash equivalents for the period was -$8,210,988.79, contrasting with an increase of $43,534,673.70 previously[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,182,249,153.19, a slight decrease of 0.04% from ¥5,184,575,479.48 at the end of the previous year[3] - The company reported a total liability of ¥3,802,949,991.61, slightly down from ¥3,840,049,214.28 in the previous period[14] - Total current liabilities are ¥2,165,418,464.90, down from ¥2,176,624,623.53, showing a decrease of approximately 0.5%[13] - Short-term borrowings increased to ¥434,747,772.76 from ¥375,869,509.73, representing an increase of about 15.6%[13] - Long-term borrowings decreased to ¥88,879,765.44 from ¥118,777,159.00, indicating a reduction of approximately 25.3%[13] Shareholder Information - Total number of common shareholders at the end of the reporting period is 76,641[10] - The largest shareholder, Shenzhen Desheng Asset Management Co., Ltd., holds 10.98% of shares, totaling 66,344,933 shares, which are pledged and frozen[10] Research and Development - Research and development expenses decreased by 35.44% to ¥4,314,000, primarily due to the exclusion of the overseas subsidiary Meta System S.p.A. from the consolidation scope[7] - The company has ongoing research and development efforts, although specific new products or technologies were not detailed in the provided content[11] Investment Income - The company experienced a 939.91% increase in investment income, rising by ¥3,632,700, attributed to reduced investment losses from joint ventures[7] - The company recorded an investment income of ¥4,019,240.67, significantly up from ¥386,498.91 in the previous period[16] Other Comprehensive Income - Other comprehensive income after tax for the current period is ¥2,943,198.21, compared to a loss of ¥2,373,826.02 in the previous period[17] Accounting and Audit - The company did not audit its first quarter report[20] - The company plans to implement new accounting standards starting in 2025[20]

Financial Performance - The company's operating revenue for Q1 2025 was ¥199,555,689.13, representing a 9.26% increase compared to ¥182,636,629.03 in the same period last year[4] - The net profit attributable to shareholders was -¥3,370,444.86, a decrease of 180.13% from ¥4,206,249.42 in the previous year[4] - The basic earnings per share for the period was -¥0.03, down 200.00% from ¥0.03 in the same period last year[5] - The company reported a significant decline in net profit excluding non-recurring gains and losses, which was -¥5,358,447.73, a decrease of 268.54% from ¥3,179,329.32 in the same period last year[4] - The net profit for Q1 2025 was a loss of ¥3,482,693.24, compared to a net profit of ¥4,170,453.11 in Q1 2024, indicating a significant decline[21] - The basic and diluted earnings per share for Q1 2025 were both -¥0.03, compared to ¥0.03 in Q1 2024[21] Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,359,663,561.87, an increase of 31.36% from ¥4,080,087,430.68 at the end of the previous year[5] - Current assets as of March 31, 2025, totaled RMB 1,370,982,539.91, up from RMB 1,148,478,961.62 as of December 31, 2024, indicating an increase of about 19.4%[14] - Total liabilities as of March 31, 2025, amounted to RMB 3,290,482,244.88, up from RMB 2,042,273,050.03, representing an increase of approximately 61.1%[16] - Non-current assets increased to RMB 3,988,681,021.96 from RMB 2,931,608,469.06, indicating a growth of about 36.0%[15] - The company's total assets reached RMB 5,359,663,561.87, compared to RMB 4,080,087,430.68, marking an increase of about 31.4%[15] Cash Flow - The net cash flow from operating activities was -¥13,657,754.52, showing an improvement of 14.40% compared to -¥15,955,780.95 in the previous year[4] - The cash flow from operating activities for Q1 2025 was a net outflow of ¥13,657,754.52, an improvement from a net outflow of ¥15,955,780.95 in Q1 2024[24] - The company reported cash inflow from financing activities of ¥2,367,661,317.75 in Q1 2025, a substantial increase compared to ¥251,231,363.55 in Q1 2024[25] - The cash and cash equivalents at the end of Q1 2025 stood at ¥223,984,482.42, down from ¥410,384,164.39 at the end of Q1 2024[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 4,949[9] - The largest shareholder, Yingkou Dingjide Industrial Development Co., Ltd., holds 42.55% of the shares[9] Operating Costs and Expenses - Total operating costs increased to ¥208,300,646.90 in Q1 2025 from ¥177,276,129.00 in Q1 2024, reflecting a rise of about 17.53%[20] - Research and development expenses for Q1 2025 were ¥4,306,465.48, slightly decreased from ¥4,360,424.93 in Q1 2024[20] - The company incurred a financial expense of ¥943,095.56 in Q1 2025, compared to a financial income of ¥189,982.42 in Q1 2024[20] - The company experienced a significant increase in sales expenses, which rose to ¥4,077,879.27 in Q1 2025 from ¥2,617,477.20 in Q1 2024, marking a growth of approximately 55.83%[20] Government Support - The company received government subsidies amounting to ¥417,000.00 during the reporting period[6]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 305,163,351.31, representing an increase of 11.26% compared to CNY 274,286,199.06 in the same period last year[4] - Net profit attributable to shareholders was CNY 6,360,600.31, up 18.59% from CNY 5,363,698.46 year-on-year[4] - Basic and diluted earnings per share rose to CNY 0.0056, reflecting a growth of 19.15% from CNY 0.0047[4] - Total operating revenue for Q1 2025 reached ¥305,163,351.31, an increase of 11.25% compared to ¥274,286,199.06 in Q1 2024[17] - Net profit for Q1 2025 was ¥6,347,693.02, representing a 22.09% increase from ¥5,198,435.48 in Q1 2024[18] - Operating profit for Q1 2025 was ¥8,820,510.26, compared to ¥5,510,792.59 in Q1 2024, indicating a growth of 60.73%[18] - The company reported a total comprehensive income of ¥17,891,823.09 for Q1 2025, significantly higher than ¥298,538.00 in Q1 2024[18] Cash Flow - The net cash flow from operating activities increased by 24.35% to CNY 91,222,226.74, compared to CNY 73,361,971.16 in the previous year[4] - Cash flow from operating activities for Q1 2025 was ¥91,222,226.74, an increase of 24.36% from ¥73,361,971.16 in Q1 2024[20] - The company experienced a net cash outflow from investing activities of ¥1,037,137.65 in Q1 2025, compared to an outflow of ¥1,449,712.56 in Q1 2024[21] - Net cash outflow from financing activities for Q1 2025 was ¥43,684,180.60, an improvement from an outflow of ¥273,206,447.26 in Q1 2024[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,909,119,970.54, a decrease of 1.60% from CNY 4,989,093,264.63 at the end of the previous year[5] - As of March 31, 2025, the total current assets amounted to RMB 4,127,160,169.26, a decrease of 1.65% from RMB 4,196,771,359.14 on December 31, 2024[12] - The company's cash and cash equivalents decreased to RMB 658,644,882.51 from RMB 719,047,202.97, reflecting a decline of 8.38%[12] - Accounts receivable increased to RMB 234,355,964.18, up by 15.22% from RMB 203,414,522.31[12] - Inventory decreased slightly to RMB 3,125,693,704.77 from RMB 3,181,884,168.50, a reduction of 1.76%[12] - Total liabilities as of March 31, 2025, were RMB 2,264,523,768.91, down from RMB 2,362,388,886.09, indicating a decrease of 4.14%[14] - The non-current assets totaled RMB 781,959,801.28, down from RMB 792,321,905.49, a decline of 1.83%[13] - The company's short-term borrowings were RMB 1,565,446,940.48, a slight decrease from RMB 1,619,746,355.63, representing a reduction of 3.34%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 74,286[9] - The largest shareholder, Henan Ruibeka Holding Co., Ltd., holds 28.40% of the shares, totaling 321,538,217 shares[9] - The company has implemented a first-phase employee stock ownership plan, holding 7,850,679 shares, which accounts for 0.69% of total shares[9] - Shareholders' equity attributable to the parent company increased by 0.68% to CNY 2,640,504,265.88 from CNY 2,622,599,535.50[5] - The total equity attributable to shareholders increased to RMB 2,640,504,265.88 from RMB 2,622,599,535.50, reflecting a growth of 0.68%[14] Government Subsidies - The company received government subsidies amounting to CNY 571,847.46, which are closely related to its normal business operations[6]