Financial Performance - The company's operating revenue for Q1 2025 was CNY 533,673,035.24, a decrease of 2.53% compared to CNY 547,526,891.72 in the same period last year[4] - The net profit attributable to shareholders was CNY 70,590,222.98, down 22.61% from CNY 91,214,909.11 year-on-year[4] - The basic earnings per share decreased by 20.59% to CNY 0.27 from CNY 0.34 in the previous year[4] - Total revenue for Q1 2025 was CNY 533,673,035.24, a decrease of 2.5% from CNY 547,526,891.72 in Q1 2024[15] - Net profit for Q1 2025 was CNY 70,590,222.98, down 22.5% compared to CNY 91,214,909.11 in Q1 2024[16] - The total comprehensive income attributable to the parent company for Q1 2025 is CNY 63,435,798.19, compared to CNY 93,100,811.95 in Q1 2024, reflecting a decrease of approximately 31.9%[17] - Basic earnings per share for Q1 2025 is CNY 0.27, down from CNY 0.34 in Q1 2024, representing a decline of about 20.6%[17] Cash Flow and Liquidity - The cash flow from operating activities showed a significant decline, reporting a negative CNY 124,870,626.54 compared to a positive CNY 2,878,049.95 in the same period last year[4] - Cash inflow from operating activities for Q1 2025 is CNY 449,432,290.79, slightly up from CNY 440,089,432.40 in Q1 2024, indicating a growth of approximately 2.0%[18] - Net cash flow from operating activities for Q1 2025 is negative at CNY -124,870,626.54, compared to a positive CNY 2,878,049.95 in Q1 2024[19] - The company reported a cash outflow from operating activities totaling CNY 574,302,917.33 in Q1 2025, compared to CNY 437,211,382.45 in Q1 2024, reflecting an increase of about 31.4%[19] - Cash inflow from investment activities for Q1 2025 is CNY 624,597,265.17, significantly higher than CNY 74,181,151.09 in Q1 2024, marking an increase of about 742.5%[19] - Net cash flow from investment activities for Q1 2025 is CNY -1,527,312,958.49, worsening from CNY -351,696,409.64 in Q1 2024[19] - Cash inflow from financing activities for Q1 2025 is CNY 921,062,684.64, down from CNY 1,234,065,719.71 in Q1 2024, a decrease of approximately 25.4%[19] - The ending cash and cash equivalents balance for Q1 2025 is CNY 41,758,380.89, a significant drop from CNY 1,405,873,414.42 in Q1 2024[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,654,631,450.07, a decrease of 1.09% from CNY 4,705,834,620.37 at the end of the previous year[5] - Total assets decreased to CNY 4,654,631,450.07 in Q1 2025 from CNY 4,705,834,620.37 in Q1 2024, a decline of 1.1%[14] - Total liabilities decreased to CNY 2,263,540,646.47 in Q1 2025 from CNY 2,377,171,716.19 in Q1 2024, a reduction of 4.8%[13] - The company reported a decrease in accounts payable to CNY 149,752,657.51 in Q1 2025 from CNY 225,487,572.24 in Q1 2024, a drop of 33.6%[13] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,219[8] - The largest shareholder, Feng Ronghua, holds 38.31% of the shares, totaling 104,428,865 shares[8] Research and Development - Research and development expenses for Q1 2025 were CNY 19,459,159.13, slightly decreased from CNY 19,996,971.67 in Q1 2024[15] - The company did not report any significant new product developments or market expansion strategies during this quarter[10] - The company has not indicated any new product launches or technological advancements in the current report[17] Return on Equity - The return on equity (ROE) decreased to 2.99%, down by 1.01 percentage points from 4.00% in the previous year[5] Non-Recurring Items - The company reported non-recurring gains and losses totaling CNY 13,139,245.44 for the period[6] Other Income - Other income increased to CNY 35,613,467.41 in Q1 2025 from CNY 30,367,609.57 in Q1 2024, an increase of 17.5%[16] Equity - The company's total equity increased to CNY 2,391,090,803.60 in Q1 2025 from CNY 2,328,662,904.18 in Q1 2024, reflecting a growth of 2.7%[14]

Financial Performance - The company's operating revenue for Q1 2025 was ¥175,735,762.62, a decrease of 26.35% compared to ¥238,622,168.70 in the same period last year[3] - The net profit attributable to shareholders was -¥6,001,192.11, representing a decline of 184.13% from a profit of ¥7,133,561.76 in the previous year[3] - Basic earnings per share decreased by 200.00% to -¥0.02 from ¥0.02 in the previous year[3] - Total revenue for Q1 2025 was RMB 175.74 million, a decrease of 26.4% compared to RMB 238.62 million in Q1 2024[16] - Net profit for Q1 2025 was a loss of RMB 5.89 million, compared to a profit of RMB 7.02 million in Q1 2024[17] - The company reported a total comprehensive loss of RMB 6.20 million in Q1 2025, compared to a comprehensive income of RMB 6.49 million in Q1 2024[17] Cash Flow and Operating Activities - The net cash flow from operating activities improved to ¥38,492,423.52, compared to -¥52,712,185.37 in the same period last year, indicating effective supply chain management[3] - Operating cash flow for Q1 2025 was RMB 38.49 million, a significant improvement from a negative cash flow of RMB -52.71 million in Q1 2024[19] - The company experienced a net cash outflow from investing activities of RMB 83.57 million in Q1 2025, compared to RMB -6.79 million in Q1 2024[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,552,107,798.54, an increase of 3.88% from ¥1,494,072,333.88 at the end of the previous year[6] - The company's current assets totaled RMB 1,321,354,869.58, compared to RMB 1,290,982,272.60 at the end of 2024, indicating an increase of about 2.4%[13] - Total liabilities rose to RMB 383,911,181.84 from RMB 319,439,793.98, marking an increase of approximately 20.2%[14] - The company's equity attributable to shareholders decreased to RMB 1,165,160,559.65 from RMB 1,171,469,561.57, a decline of about 0.5%[14] - The total current liabilities increased to RMB 380,399,337.40 from RMB 318,701,872.45, reflecting a growth of approximately 19.4%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 33,527[10] - The company has not reported any changes in the top 10 shareholders or their participation in margin financing activities[12] Research and Development - Research and development expenses for Q1 2025 were RMB 635.17 thousand, a decrease of 30.6% from RMB 915.00 thousand in Q1 2024[16] Inventory and Receivables - The company reported a significant increase in inventory, which rose to RMB 208,529,372.68 from RMB 201,881,192.88, an increase of about 3.3%[13] - Accounts receivable increased to RMB 760,740,608.19 from RMB 738,471,128.95, representing a rise of approximately 3%[12] Non-Recurring Gains and Losses - Non-recurring gains and losses for the period totaled ¥43,497.32 after tax adjustments[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥6,044,689.43, a decline of 191.02% from ¥6,641,379.02 in the previous year[3] Equity and Return Metrics - The weighted average return on equity decreased to -0.51%, down 1.12 percentage points from 0.61% in the previous year[6] - The company's non-current assets totaled RMB 230,752,928.96, up from RMB 203,090,061.28, indicating an increase of approximately 13.6%[13]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 717,091,520.43, representing a 16.11% increase compared to CNY 617,618,185.76 in the same period last year[4] - Net profit attributable to shareholders increased by 59.14% to CNY 34,091,921.78 from CNY 21,422,389.22 year-on-year[4] - Basic and diluted earnings per share rose by 50.00% to CNY 0.06 from CNY 0.04 in the previous year[4] - The company reported an increase in revenue scale and gross profit as the main reasons for the growth in net profit attributable to shareholders[8] - Net profit for Q1 2025 was ¥34,149,841.32, representing a 68.5% increase from ¥20,259,963.13 in Q1 2024[17] - The total comprehensive income for Q1 2025 was ¥34,120,326.32, compared to ¥20,426,526.73 in Q1 2024, reflecting strong financial performance[18] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -37,757,040.10, worsening from CNY -5,791,636.35 in the same period last year[4] - Cash inflow from operating activities in Q1 2025 totaled ¥867,043,835.36, an increase from ¥673,256,722.48 in Q1 2024[21] - The net cash flow from operating activities was -37,757,040.10, compared to -5,791,636.35 in the previous period, indicating a significant decline in operational cash generation[22] - Total cash outflow from operating activities amounted to 904,800,875.46, up from 679,048,358.83, reflecting increased operational expenses[22] - The net increase in cash and cash equivalents was -59,037,202.24, compared to -93,443,816.28 in the previous period, suggesting a reduction in cash outflow[23] - The ending balance of cash and cash equivalents was 709,571,272.36, down from 940,592,857.48, reflecting a decrease in liquidity[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,349,456,224.76, a decrease of 3.58% from CNY 5,547,909,464.27 at the end of the previous year[5] - The total current assets as of March 31, 2025, amounted to ¥4,612,462,100.89, a decrease from ¥4,831,610,034.25 as of December 31, 2024, representing a decline of approximately 4.5%[12] - The total liabilities decreased to ¥2,516,851,239.53 from ¥2,750,814,106.69, reflecting a decline of approximately 8.5%[13] - The total assets as of March 31, 2025, were ¥5,349,456,224.76, down from ¥5,547,909,464.27, which is a decrease of about 3.6%[12] - The company's total liabilities and equity as of Q1 2025 were ¥5,349,456,224.76, a decrease from ¥5,547,909,464.27 in Q1 2024[16] Shareholder Information - Shareholder equity attributable to the parent company increased by 1.29% to CNY 2,792,579,051.09 from CNY 2,757,127,342.98 at the end of the previous year[5] - The total number of common shareholders at the end of the reporting period was 24,991[9] Expenses and Costs - Total operating costs for Q1 2025 were ¥682,964,441.66, up 14.4% from ¥596,980,266.41 in Q1 2024[16] - Research and development expenses for Q1 2025 amounted to ¥19,070,144.27, up from ¥16,412,138.79 in Q1 2024, indicating a focus on innovation[16] - The company reported a decrease in financial expenses to ¥6,766,331.27 in Q1 2025 from ¥10,287,026.87 in Q1 2024, indicating improved cost management[16] - Cash paid to employees was 91,002,982.26, up from 89,318,080.61, indicating rising labor costs[22] - Cash paid for taxes was 45,288,129.77, slightly down from 45,718,706.75, reflecting a minor decrease in tax obligations[22] Non-Recurring Items - Non-recurring gains and losses amounted to CNY 9,335,527.66 after tax, with significant contributions from asset impairment reversals[7]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 493,443,030.95, representing a 7.60% increase compared to CNY 458,601,757.75 in the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 30,562,676.20, which is an 11.81% increase in loss compared to a loss of CNY 27,334,264.78 in the previous year[4] - The basic earnings per share for the period was -CNY 0.0380, a decrease of 11.76% from -CNY 0.0340 in the previous year[4] - The diluted earnings per share was also -CNY 0.0380, reflecting a 12.43% increase in loss compared to -CNY 0.0338 in the same period last year[4] - Operating profit for Q1 2025 was -¥37.23 million, compared to -¥30.03 million in Q1 2024, indicating a decline in profitability[16] - The company reported a net loss of -¥32.33 million for Q1 2025, compared to a net loss of -¥29.25 million in Q1 2024[16] - The net loss for Q1 2025 was approximately ¥34.16 million, an improvement from a net loss of ¥35.43 million in Q1 2024, indicating a reduction of about 3.6% year-over-year[17] - The total comprehensive loss for Q1 2025 was approximately ¥31.28 million, compared to a loss of ¥39.43 million in Q1 2024, reflecting a decrease of about 20.7% year-over-year[17] Cash Flow and Liquidity - The net cash flow from operating activities improved by 38.10%, amounting to a loss of CNY 75,216,073.22, compared to a loss of CNY 121,518,053.60 in the same period last year[4] - The company's cash flow from operating activities showed a negative trend, indicating potential liquidity challenges moving forward[16] - Cash inflows from operating activities totaled approximately ¥523.07 million in Q1 2025, down from ¥541.36 million in Q1 2024, representing a decrease of about 3.4% year-over-year[19] - Cash outflows from operating activities were approximately ¥598.29 million in Q1 2025, compared to ¥662.87 million in Q1 2024, indicating a decrease of about 9.7% year-over-year[19] - The net cash flow from investing activities for Q1 2025 was approximately -¥301.23 million, worsening from -¥55.39 million in Q1 2024[20] - Cash inflows from investing activities in Q1 2025 were approximately ¥103.32 million, significantly higher than ¥4.39 million in Q1 2024[20] - Cash outflows from financing activities totaled approximately ¥137.70 million in Q1 2025, down from ¥256.57 million in Q1 2024, reflecting a decrease of about 46.3% year-over-year[20] - The ending cash and cash equivalents balance for Q1 2025 was approximately ¥343.88 million, compared to ¥259.74 million in Q1 2024, indicating an increase of about 32.4% year-over-year[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,687,379,799.50, reflecting a 0.91% increase from CNY 5,636,239,913.16 at the end of the previous year[4] - The equity attributable to shareholders decreased by 1.33%, totaling CNY 2,051,459,486.39 compared to CNY 2,079,147,834.09 at the end of the previous year[4] - Current assets increased to ¥2.52 billion as of March 31, 2025, from ¥2.47 billion at the end of 2024, reflecting a growth of 2.1%[12] - Cash and cash equivalents decreased to ¥353.35 million from ¥605.92 million, a decline of 41.6%[11] - Short-term borrowings rose to ¥721.51 million, an increase of 24.6% from ¥578.70 million at the end of 2024[12] - Non-current liabilities totaled ¥1.35 billion as of March 31, 2025, slightly up from ¥1.34 billion at the end of 2024[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,181[6] - The company reported non-recurring gains and losses totaling CNY 9,887,835.82, primarily from government subsidies and other non-operating income[7]

Financial Performance - The company's operating revenue for Q1 2025 was ¥525,603,812.08, a decrease of 15.17% compared to ¥619,603,873.18 in the same period last year[5] - Net profit attributable to shareholders was ¥25,607,707.07, down 40.82% from ¥43,267,321.89 year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥11,667,237.20, a decline of 68.53% compared to ¥37,071,814.35 in the previous year[5] - Basic earnings per share decreased by 56.25% to ¥0.14 from ¥0.32 in the same period last year[5] - Diluted earnings per share fell by 59.38% to ¥0.13 from ¥0.32 year-on-year[5] - The weighted average return on equity decreased by 1.31 percentage points to 1.75% from 3.06% in the previous year[5] - Total revenue for Q1 2025 was CNY 525,603,812.08, a decrease of 15.1% compared to CNY 619,603,873.18 in Q1 2024[17] - Net profit for Q1 2025 was CNY 24,765,631.74, a decline of 42.3% from CNY 43,003,081.07 in Q1 2024[18] - Operating profit for Q1 2025 was CNY 28,636,711.78, down 41.2% from CNY 48,738,059.45 in Q1 2024[18] - Total comprehensive income for the first quarter of 2025 was CNY 24,768,891.85, a decrease from CNY 42,998,295.86 in the same period of 2024[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,981,247,162.80, a decrease of 4.46% from ¥3,120,257,478.72 at the end of the previous year[6] - Shareholders' equity attributable to shareholders increased by 2.01% to ¥1,481,753,181.44 from ¥1,452,558,702.23 at the end of the previous year[6] - Total assets decreased to CNY 2,981,247,162.80 as of March 31, 2025, from CNY 3,120,257,478.72 as of December 31, 2024[15] - Total liabilities decreased to ¥1,368,774,914.31 in Q1 2025 from ¥1,543,260,196.69 in Q1 2024, a reduction of 11.3%[26] Cash Flow - The company reported a net cash flow from operating activities of ¥118,690,605.36, an increase of 3.89% compared to ¥114,244,062.81 in the same period last year[5] - Cash inflow from operating activities for Q1 2025 was CNY 421,266,977.17, compared to CNY 547,718,993.09 in Q1 2024, reflecting a decrease of approximately 23%[21] - Cash inflow from operating activities decreased by 24.8% from ¥528,615,665.87 in Q1 2024 to ¥397,882,383.67 in Q1 2025[29] - Cash flow from operating activities for Q1 2025 was ¥115,879,710.43, slightly down from ¥117,480,668.60 in Q1 2024[29] Operational Efficiency - The decline in net profit was primarily due to reduced demand from overseas customers and the impact of product price reductions, leading to a decrease in gross margin[7] - Total operating costs for Q1 2025 were CNY 491,438,750.40, down 13.2% from CNY 566,258,992.12 in Q1 2024[17] - The company reported a decrease in research and development expenses to CNY 17,357,766.49 in Q1 2025, compared to CNY 19,130,050.23 in Q1 2024[18] - Research and development expenses for Q1 2025 were ¥15,313,358.44, compared to ¥17,009,464.29 in Q1 2024, indicating a reduction of 10%[27] Cash Management - The company's cash and cash equivalents decreased to CNY 155,640,155.66 as of March 31, 2025, from CNY 169,603,829.13 as of December 31, 2024[13] - Cash and cash equivalents at the end of Q1 2025 were CNY 147,635,931.25, down from CNY 259,030,997.07 at the end of Q1 2024[22] - The cash and cash equivalents at the end of the period decreased to $127,642,332.37 from $144,860,601.49 at the beginning of the period[30] Future Outlook - The company plans to implement new accounting standards starting from 2025, which may affect future financial reporting[30]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 129,071,756.14, representing a 3.33% increase compared to CNY 124,911,943.02 in the same period last year[3] - Net profit attributable to shareholders was CNY 59,842,662.17, reflecting a 14.63% increase from CNY 52,202,813.76 year-over-year[3] - Total operating revenue for Q1 2025 was CNY 129,071,756.14, an increase of 1.85% compared to CNY 124,911,943.02 in Q1 2024[18] - Net profit for Q1 2025 was CNY 59,842,662.17, up 14.93% from CNY 52,202,813.76 in Q1 2024[19] - Basic and diluted earnings per share decreased by 15.91% to CNY 0.37, compared to CNY 0.44 in the same period last year[3] - Earnings per share (EPS) for Q1 2025 was CNY 0.37, down from CNY 0.44 in Q1 2024[20] Cash Flow and Investments - The net cash flow from operating activities decreased by 4.00% to CNY 53,217,171.28, down from CNY 55,435,440.02 in the previous year[3] - Cash flow from operating activities for Q1 2025 was CNY 53,217,171.28, a decrease from CNY 55,435,440.02 in Q1 2024[23] - Cash inflow from investment activities was CNY 65,441,013.89, significantly higher than CNY 3,000,000.00 in Q1 2024[24] - Cash flow from financing activities generated a net inflow of CNY 3,721,723.19 compared to a net outflow of CNY 1,755,469.56 in Q1 2024[24] - The net increase in cash and cash equivalents for the period is 94,329,440.61, compared to 45,190,347.54 in the previous period[25] - The beginning balance of cash and cash equivalents is 282,535,421.74, remaining unchanged from the previous period[25] - The ending balance of cash and cash equivalents is 376,864,862.35, an increase from 327,725,769.28 in the previous period[25] Assets and Liabilities - Total assets increased by 2.26% to CNY 1,434,081,842.95, up from CNY 1,402,448,475.00 at the end of the previous year[4] - As of March 31, 2025, the company's total assets amounted to RMB 1,434,081,842.95, an increase from RMB 1,402,448,475.00 as of December 31, 2024, reflecting a growth of approximately 2.3%[12] - The company's current assets totaled RMB 1,062,599,399.00, compared to RMB 1,031,934,369.91 at the end of 2024, indicating an increase of about 2.9%[14] - The company's total liabilities decreased to RMB 139,910,551.94 from RMB 168,213,793.02, a reduction of approximately 16.8%[15] - The total equity increased to RMB 160,559,967.00 from RMB 160,000,000.00, reflecting a growth of about 0.35%[15] Shareholder Information - The total number of common shareholders at the end of the reporting period was 19,072[8] - The largest shareholder, Yunjia Far East Co., Ltd., holds 58.80% of the shares, totaling 94,080,000 shares[8] - Shareholders' equity attributable to shareholders rose by 4.86% to CNY 1,294,171,291.01, compared to CNY 1,234,234,681.98 at the end of the previous year[4] Operational Insights - The company received government subsidies amounting to CNY 80,944.59, which are closely related to its normal business operations[5] - The company has not disclosed any new product developments or market expansion strategies during this reporting period[10] - There are no significant changes in the shareholder structure or any new mergers and acquisitions reported[10] Cost Management - Total operating costs decreased to CNY 59,389,758.13 from CNY 64,012,373.77, representing a reduction of 7.88%[18] - Research and development expenses for Q1 2025 were CNY 2,270,871.64, down from CNY 3,845,805.32 in Q1 2024, indicating a 40.83% reduction[18] - The company reported a financial expense of CNY -1,777,303.27, which is an increase in costs compared to CNY -951,684.20 in the previous year[19] Inventory and Receivables - Accounts receivable rose to RMB 94,314,926.51 from RMB 87,850,912.95, marking an increase of around 7.3%[12] - Inventory decreased slightly to RMB 43,655,134.17 from RMB 45,205,028.30, a decline of approximately 3.4%[14] - The company reported a significant reduction in other payables from RMB 123,181,401.33 to RMB 94,577,217.84, a decrease of about 23.2%[15]

Financial Performance - The company's operating revenue for 2024 reached approximately CNY 1.30 billion, representing a year-on-year increase of 21.78% compared to CNY 1.07 billion in 2023[23]. - The net profit attributable to shareholders of the listed company for 2024 was a loss of CNY 77.32 million, a significant decline from a profit of CNY 92.51 million in 2023[23]. - The net cash flow from operating activities decreased by 10.10% to CNY 138.90 million in 2024, down from CNY 154.51 million in 2023[23]. - Total assets as of the end of 2024 amounted to CNY 2.14 billion, reflecting a 6.36% increase from CNY 2.02 billion at the end of 2023[23]. - The company's net assets attributable to shareholders decreased by 20.35% to CNY 994.95 million at the end of 2024, compared to CNY 1.25 billion at the end of 2023[23]. - The company reported a net profit loss of CNY 95.91 million after deducting non-recurring gains and losses for 2024, compared to a profit of CNY 35.97 million in 2023[23]. - The basic earnings per share for 2024 was -0.77 CNY, compared to 0.92 CNY in 2023, indicating a significant decline[24]. - The company reported a weighted average return on equity of -7.14% in 2024, down from 7.67% in 2023[24]. - The company plans not to distribute cash dividends or issue bonus shares for 2024 due to a negative net profit attributable to shareholders[6]. Research and Development - The company has accumulated over 300 patents, including invention, utility model, and design patents, by the end of 2024[33]. - Research and development expenses increased by 54.96% to ¥45,237,768.31, indicating a strong focus on innovation[62]. - The company has over 200 R&D and technical personnel, with more than 300 patents, ensuring a robust product development pipeline[48]. - The company has developed a proprietary strain library with over 8,000 strains, positioning itself as a leader in the probiotic industry[56]. - The company emphasizes research and development as a core competitive advantage, particularly in the ODM business model, to enhance profitability[89]. Market Trends and Projections - The oral care market in China is projected to grow at a compound annual growth rate (CAGR) of 3.75% from 2023 to 2028, following a market size recovery to 491.5 billion yuan in 2023[38]. - The electric toothbrush market share reached 19.6% in 2024, driven by consumer demand for effective cleaning and smart features[40]. - The global wet wipes market size is projected to grow from $17.8 billion in 2023 to $22.6 billion by 2028, indicating a robust growth trend[41]. - The probiotic industry in China saw its market size grow from ¥76.075 billion in 2019 to ¥118.847 billion in 2023, with a CAGR of 11.80%, and is forecasted to reach ¥203.277 billion by 2030[42]. Product Development and Innovation - The company launched new products including a flagship toothpaste and a series of children's oral care products under the "Octonauts" brand[33]. - The company’s probiotic products are widely applicable in dietary supplements, functional foods, and cosmetics, showcasing a diverse product range[47]. - The company has developed new biodegradable materials for toothbrushes, reducing plastic pollution and enhancing product differentiation[93]. - The company’s disposable hygiene products include medical-grade wet wipes and baby wipes, produced with high-quality materials to ensure safety and effectiveness[45]. Operational Efficiency - The manufacturing center achieved a stable on-time delivery rate of approximately 96% across all product lines, with a production cycle shortened by about 10% year-on-year[34]. - The company maintained a raw material acceptance rate of 98.5% and packaging material acceptance rate of 98.87%, ensuring stable production without major quality incidents[36]. - The company has invested significantly in optimizing equipment, processes, and workflows, enhancing production efficiency and reducing costs[49]. Strategic Partnerships and Acquisitions - The acquisition of a 52.0006% stake in Shan'enkang was completed on April 7, 2024, with expectations of over 40% year-on-year revenue growth in the second half of 2024 despite a significant decline in the first half[34]. - The company has established long-term stable partnerships with key clients in oral care and wet wipes, enhancing customer resource advantages[55]. - The company plans to establish a wholly-owned subsidiary in Singapore and subsequently a project company in Vietnam to enhance its overseas manufacturing base[113]. Legal and Compliance Issues - The company is currently involved in a significant lawsuit with Oceanview, with a claim amounting to RMB 630,371,306.6[194]. - The lawsuit is related to a demand for the repurchase of shares from the founding shareholders of the company, with a specific focus on a 14.2761% equity stake[195]. - The company has not reported any violations regarding guarantees during the reporting period[190]. - The company has not faced any significant legal or financial penalties during the reporting period[200]. Corporate Governance - The company has implemented a robust governance structure, holding 2 shareholder meetings and 6 board meetings in the reporting period to enhance decision-making processes[139][140]. - The company has established specialized committees under the board, including the Audit Committee, Nomination Committee, Compensation and Assessment Committee, and Strategic Committee[155]. - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to RMB 5.05 million[149]. Social Responsibility and Sustainability - The company invested 1.934 million yuan in environmental protection during the reporting period[181]. - The company reduced carbon emissions by 1,782.66 tons through the use of clean energy generation[182]. - The company contributed a total of 209,200 yuan to public welfare projects, including donations of toothbrushes and toothpaste to rural children[183]. - The company has established an environmental protection mechanism and is actively involved in reducing carbon emissions[182].

Financial Performance - The company's operating revenue for Q1 2025 was ¥184,829,678.48, a decrease of 24.40% compared to ¥244,496,750.76 in the same period last year[4] - The net profit attributable to shareholders was -¥19,517,623.35, representing a decline of 115.25% from -¥9,067,538.56 year-on-year[4] - Basic and diluted earnings per share were both -¥0.06, a decrease of 100.00% compared to -¥0.03 in the same period last year[5] - The company reported a net loss for Q1 2025, with total operating costs exceeding total operating revenue[20] - The net profit for Q1 2025 was -19,526,832.14 RMB, compared to -9,158,985.02 RMB in Q1 2024, indicating a significant increase in losses[21] - Operating profit for the period was -18,792,791.98 RMB, worsening from -7,984,485.05 RMB year-over-year[21] - Total revenue from operating activities decreased to 195,190,039.47 RMB in Q1 2025 from 247,267,867.44 RMB in Q1 2024, reflecting a decline of approximately 21%[24] - The company reported a total comprehensive loss of -19,526,832.14 RMB for the period, compared to -9,158,985.02 RMB in the same quarter last year[22] Cash Flow and Liquidity - The net cash flow from operating activities increased significantly to ¥74,443,581.81, up 1,098.90% from ¥6,209,318.23 in the previous year[4] - Cash and cash equivalents increased to RMB 246,803,119.97 as of March 31, 2025, compared to RMB 236,762,470.00 at the end of 2024, reflecting a growth of approximately 4.4%[15] - The company’s cash and cash equivalents at the end of Q1 2025 were 209,040,214.34 RMB, down from 237,957,820.25 RMB at the end of Q1 2024[26] - Total financing cash inflow for the period was 120,687,400.22 RMB, significantly higher than 36,630,648.19 RMB in the previous year[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,709,323,339.30, a slight increase of 0.35% from ¥2,699,868,160.30 at the end of the previous year[5] - Total liabilities increased to ¥1,915,545,482.07 from ¥1,884,279,798.31, representing an increase of about 1.7%[17] - The company's equity attributable to shareholders decreased by 2.49% to ¥790,705,843.01 from ¥810,906,606.50 at the end of the previous year[5] - Long-term borrowings rose to ¥558,480,073.57 from ¥442,901,338.11, indicating an increase of about 26.0%[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 25,454[10] - The largest shareholder, Hainan Haikou Investment Holding Co., Ltd., holds 42.5% of the shares, totaling 134,300,000 shares[11] Operating Costs and Expenses - Total operating costs for Q1 2025 amounted to RMB 210,470,783.92, down from RMB 254,246,795.31 in Q1 2024, indicating a reduction of about 17.2%[20] - Research and development expenses increased to 622,361.73 RMB in Q1 2025 from 289,657.81 RMB in Q1 2024, representing a growth of approximately 115%[21] - The company incurred interest expenses of 5,366,861.30 RMB, slightly up from 5,310,680.17 RMB in the prior year[21] Other Income and Credit Quality - The company reported a significant increase in other income by 104.23%, primarily due to an increase in government subsidies[9] - The company experienced a 92.60% reduction in expected credit losses, indicating improved credit quality[9]

Financial Performance - The company's operating revenue for Q1 2025 was ¥169,909,626.85, a decrease of 9.89% compared to ¥188,550,966.65 in the same period last year[3] - Net profit attributable to shareholders was ¥30,846,730.58, down 7.26% from ¥33,261,190.33 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥23,572,172.58, reflecting an 11.48% decline from ¥26,628,487.47 in the previous year[3] - The basic and diluted earnings per share were both ¥0.09, down 18.18% from ¥0.11 in the same period last year[3] - Operating profit for Q1 2025 was CNY 35,723,206.09, a decline of 6.6% from CNY 38,233,329.04 in Q1 2024[17] - Net profit for Q1 2025 was CNY 35,724,706.09, compared to CNY 38,785,329.04 in Q1 2024, reflecting a decrease of 7.9%[17] - The net profit for Q1 2025 was CNY 30,747,531.52, a decrease of 8.6% compared to CNY 33,180,458.86 in Q1 2024[18] - Basic and diluted earnings per share for Q1 2025 were CNY 0.09, down from CNY 0.11 in Q1 2024, representing a decline of 18.2%[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,559,066,753.89, an increase of 0.52% from ¥2,545,890,506.86 at the end of the previous year[4] - Total current assets increased slightly to CNY 1,963,885,823.60 as of March 31, 2025, compared to CNY 1,938,692,381.54 as of December 31, 2024[11] - Total assets amounted to CNY 2,559,066,753.89 as of March 31, 2025, up from CNY 2,545,890,506.86 as of December 31, 2024[13] - Total liabilities decreased to CNY 234,442,509.03 as of March 31, 2025, from CNY 251,604,573.85 as of December 31, 2024[13] - The total liabilities as of March 31, 2025, included accounts payable of CNY 35,834,620.63, up from CNY 32,185,508.38 at the end of 2024[25] - The total liabilities decreased from CNY 249.82 billion in the previous period to CNY 233.58 billion[26] Cash Flow - The net cash flow from operating activities was negative at -¥19,999,248.29, compared to a positive ¥21,318,126.25 in the same period last year[3] - Cash flow from operating activities for Q1 2025 was negative at CNY -19,999,248.29, compared to a positive CNY 21,318,126.25 in Q1 2024[21] - The cash flow from operating activities showed a net outflow of CNY 18.03 million in Q1 2025, compared to a net inflow of CNY 19.43 million in Q1 2024[30] - Cash and cash equivalents decreased to CNY 110,300,800.63 as of March 31, 2025, from CNY 260,203,598.26 as of December 31, 2024[11] - Total cash and cash equivalents at the end of Q1 2025 were CNY 155,370,347.44, down from CNY 374,626,866.53 at the end of Q1 2024[22] Shareholder Equity - The equity attributable to shareholders increased by 1.34% to ¥2,295,367,065.01 from ¥2,264,929,554.10 at the end of the previous year[4] - Shareholders' equity increased to CNY 2,324,624,244.86 as of March 31, 2025, compared to CNY 2,294,285,933.01 as of December 31, 2024[13] - The total equity increased from CNY 2.28 billion in the previous period to CNY 2.31 billion[26] Research and Development - Research and development expenses for Q1 2025 were CNY 7,251,016.71, slightly down from CNY 7,284,476.64 in Q1 2024[17] - Research and development expenses for Q1 2025 were CNY 5.41 million, slightly down from CNY 5.99 million in Q1 2024[27] Government Subsidies - The company received government subsidies amounting to ¥886,863.49, which are closely related to its normal operations[5] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,040[8]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,377,665,386.81, representing a 5.80% increase compared to CNY 1,302,151,006.25 in the same period last year[4]. - Net profit attributable to shareholders was CNY 71,173,491.92, up 10.01% from CNY 64,698,264.78 year-on-year[4]. - Net profit for Q1 2025 was ¥308,103,493.23, representing a 5.7% increase from ¥291,385,942.96 in Q1 2024[19]. - Operating profit for Q1 2025 was ¥388,887,519.75, compared to ¥360,336,473.07 in Q1 2024, reflecting a growth of 7.9%[17]. - Total operating costs for Q1 2025 were ¥985,721,577.35, up 4.6% from ¥942,675,572.92 in Q1 2024[17]. - The total comprehensive income for Q1 2025 was ¥308,202,641.86, compared to a loss of ¥111,614,057.04 in Q1 2024[19]. Cash Flow - The net cash flow from operating activities increased by 64.50%, reaching CNY 309,427,488.47 compared to CNY 188,099,292.97 in the previous year[4]. - Cash flow from operating activities for Q1 2025 was ¥309,427,488.47, significantly higher than ¥188,099,292.97 in Q1 2024[21]. - Cash flow from investing activities generated a net inflow of ¥898,307,482.00 in Q1 2025, compared to a net outflow of ¥124,194,022.68 in Q1 2024[22]. - Cash and cash equivalents increased by 52.40% due to the disposal of large-denomination certificates of deposit[6]. - The company’s cash and cash equivalents at the end of Q1 2025 amounted to ¥1,821,944,130.82, up from ¥882,592,747.77 at the end of Q1 2024[22]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,991,495,157.33, a decrease of 2.31% from CNY 7,156,979,877.32 at the end of the previous year[5]. - The total current assets decreased to ¥2,865,668,136.40 from ¥3,020,575,976.72, a decline of about 5.1%[11]. - The company's inventory decreased significantly from ¥396,311,142.68 to ¥277,478,424.96, a reduction of approximately 30%[11]. - Total liabilities decreased to ¥2,893,345,707.09 from ¥3,367,033,068.94, reflecting a decrease of about 14.0%[13]. - The company's total assets decreased to ¥6,991,495,157.33 from ¥7,156,979,877.32, a decline of approximately 2.3%[13]. - The equity attributable to shareholders increased to ¥1,907,068,733.09 from ¥1,835,796,092.54, an increase of about 3.9%[13]. - The company's long-term investments rose to ¥14,477,303.80 from ¥13,351,135.16, indicating an increase of approximately 8.4%[12]. - The company's short-term borrowings decreased to ¥897,000,000.00 from ¥1,087,220,984.01, a reduction of about 17.5%[13]. Shareholder Information - The company has a total of 11,052 common shareholders at the end of the reporting period[7]. Earnings Per Share - Basic and diluted earnings per share decreased by 22.73% to CNY 0.34 from CNY 0.44 in the same period last year[5]. - The company reported a basic earnings per share of ¥0.34 for Q1 2025, down from ¥0.44 in Q1 2024[19]. Strategic Focus - The company is actively pursuing new product development and technological advancements to enhance its market position[16]. - The company reported a significant increase of 823.31% in net cash flow from investing activities, primarily from the disposal of large-denomination certificates of deposit[6]. - The company's net profit for the first quarter of 2025 is yet to be disclosed, but the focus remains on improving operational efficiency and market expansion strategies[16].