Financial Performance - In 2024, the company achieved operating revenue of 1.092 billion RMB, a decrease of 3.77% compared to the same period last year[4]. - The net profit attributable to shareholders was -59 million RMB, down 4.99% year-on-year, marking a loss for the year[4]. - The decline in revenue and gross profit was primarily due to a decrease in product sales prices influenced by market conditions, despite stable sales volume of water treatment agents[4]. - The company's operating revenue for 2024 was ¥1,091,796,593.72, a decrease of 3.77% compared to ¥1,134,545,865.66 in 2023[19]. - The net profit attributable to shareholders for 2024 was -¥58,610,133.27, reflecting a decline of 4.99% from -¥55,826,716.33 in 2023[19]. - The net cash flow from operating activities increased by 69.66% to ¥114,726,708.44 in 2024, compared to ¥67,623,479.43 in 2023[19]. - The total assets at the end of 2024 were ¥2,561,540,628.45, down 7.12% from ¥2,757,868,330.39 at the end of 2023[19]. - The company reported a basic earnings per share of -¥0.2277 for 2024, a decrease of 5.66% from -¥0.2155 in 2023[19]. - The company experienced a significant improvement in net profit excluding non-recurring items, which was -¥19,154,573.53 in 2024, a 34.82% improvement from -¥29,385,421.25 in 2023[19]. Business Operations - The company operates primarily in the water treatment agent and derivative products sector, focusing on production, sales, and terminal services[29]. - The company has an annual production capacity of 270,000 tons of water treatment agents, indicating a strong position in the industry[34]. - The company has evolved from a single water treatment agent manufacturer to a diversified group covering water treatment agents, industrial water treatment engineering, and comprehensive water environment governance[41]. - The company operates several subsidiaries, including Qingyuan Water Treatment, which is a leading manufacturer of water treatment chemicals with a large production capacity and a diverse product range[41]. - The company’s water treatment services include industrial water treatment system design, equipment integration, and municipal wastewater engineering, primarily acquired through public bidding[46]. Market and Industry Trends - The demand for water treatment agents is expected to continue increasing due to the growing water resource scarcity and ongoing ecological civilization construction[33]. - The water treatment agent market in China is characterized by low concentration and intense competition, with many small and medium-sized enterprises present[32]. - The industry is expected to see stricter environmental regulations, which will drive the demand for high-quality water treatment agents[33]. - The company faces challenges due to severe water resource shortages and significant water pollution issues in China, impacting industrial development[30]. Research and Development - The company is committed to enhancing its R&D capabilities by building a team of experts and focusing on the commercialization of innovative technologies[36]. - The company aims to enhance its core competitiveness by focusing on the development of green and environmentally friendly water treatment products[35]. - The company filed for 14 invention patents and 16 utility model patents during the reporting period, with a total of 25 invention patents and 123 utility model patents currently held[62]. - The company is advancing several R&D projects, including environmentally friendly water treatment agents and improvements in production processes, aimed at sustainable development[76][78]. Risk Management - The company is actively monitoring potential risks and has outlined corresponding countermeasures in its future development outlook[6]. - Future plans and strategic developments are subject to investment risks, and the company advises investors to be cautious[6]. - The company faces risks from fluctuations in raw material and product prices, which can impact gross margins and profitability due to significant price volatility during the reporting period[108]. - The company is implementing measures to mitigate risks associated with new project construction delays, including enhancing communication with regulatory bodies and strengthening technical collaborations[109]. Corporate Governance - The governance structure is compliant with relevant laws and regulations, ensuring effective checks and balances among the board, shareholders, and management[119]. - The company is committed to transparency and equal treatment of all shareholders, facilitating participation in significant decisions through accessible shareholder meetings[120]. - The company has established a dedicated investor relations management system to ensure compliance with information disclosure regulations, enhancing transparency for all shareholders[127]. - The company has a clear governance structure that complies with legal and regulatory requirements, with no significant discrepancies noted[127]. Employee Management - The total number of employees at the end of the reporting period was 862, with 807 in major subsidiaries[163]. - The professional composition includes 474 production personnel, 69 sales personnel, 144 technical personnel, 30 financial personnel, 111 administrative personnel, and 34 management personnel[163]. - The company has established a multi-level, long-term incentive system to attract and retain talent, aligning employee interests with company goals[180]. - The company has implemented a rigorous evaluation mechanism to objectively assess employee qualifications and performance, promoting a focus on personal development and long-term company growth[164]. Future Outlook - The company aims to enhance its water treatment agent R&D and production capabilities, focusing on green and environmentally friendly products[102]. - By 2025, the company plans to optimize its water treatment agent production capacity and expand its market presence[103]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[148]. - The company has allocated 100 million yuan for research and development in the upcoming fiscal year[148].

Financial Performance - The company's revenue for Q1 2025 was ¥204,511,043.25, a decrease of 28.45% compared to ¥285,843,137.73 in the same period last year[5] - The net profit attributable to shareholders was -¥5,173,961.26, representing a decline of 252.05% from a profit of ¥3,402,793.17 in the previous year[5] - Basic and diluted earnings per share were both -¥0.0202, a decrease of 254.20% from ¥0.0131 in the previous year[5] - The net profit for the current period is -4,865,354.21, compared to a net profit of 4,103,867.20 in the previous period, indicating a significant decline[20] - The total profit for the current period is -3,530,278.60, down from 7,086,419.32 in the previous period[20] - The total comprehensive income for the current period is -4,868,539.74, compared to 4,107,726.71 in the previous period[20] Cash Flow - The net cash flow from operating activities was -¥14,333,623.97, a slight increase in loss of 3.21% compared to -¥13,887,914.45 in the same period last year[5] - Cash flow from operating activities shows a net outflow of -14,333,623.97, compared to -13,887,914.45 in the previous period[22] - Cash flow from investing activities results in a net outflow of -467,274.35, compared to -70,947.93 in the previous period[23] - Cash flow from financing activities shows a net outflow of -22,511,330.80, compared to -43,207,067.22 in the previous period[23] - The company received cash from operating activities totaling 162,248,809.26, down from 200,326,017.00 in the previous period[22] - The company reported a decrease in sales cash receipts from 188,468,150.00 in the previous period to 159,318,704.97 in the current period[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,424,625,491.04, down 5.35% from ¥2,561,540,628.45 at the end of the previous year[5] - The total assets as of March 31, 2025, are CNY 2,424,625,491.04, down from CNY 2,561,540,628.45 at the beginning of the period, indicating a decrease of approximately 5.3%[16] - The total liabilities decreased from CNY 1,122,212,166.91 to CNY 987,746,114.54, reflecting a reduction of about 11.9%[16] - The company's cash and cash equivalents decreased to CNY 355,163,264.90 from CNY 401,610,338.55, a decline of approximately 11.5%[15] - The company’s total equity as of March 31, 2025, is CNY 1,436,879,376.50, a slight decrease from CNY 1,439,328,461.54 at the beginning of the period[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,985, with the largest shareholder holding 37.74% of the shares[9] - The company has completed the repurchase and cancellation of 4,640,186 shares at a total price of CNY 1.00, as approved in the board meetings held on January 23 and February 13, 2025[12] Accounting and Auditing - The company did not undergo any audit for the quarterly report, indicating that the financial data has not been externally verified[4] - The company has corrected accounting errors for the years 2016-2023, which may impact the financial statements and reported figures for those years[13] Operational Performance - The decline in net profit was primarily due to a decrease in the gross margin of the company's main products, water treatment agents and derivatives[8] - The total operating revenue for the current period is CNY 204,511,043.25, a decrease of approximately 28.5% compared to CNY 285,843,137.73 in the previous period[19] - The total operating costs for the current period amount to CNY 205,335,994.45, down from CNY 279,314,131.71, reflecting a reduction of about 26.5%[19] - The net profit for the current period is not explicitly stated, but the significant decrease in both revenue and costs indicates potential challenges in profitability[19]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 57.46 billion, an increase of 1.92% compared to CNY 56.38 billion in the same period last year[5]. - Net profit attributable to shareholders was CNY 2.71 billion, reflecting a growth of 4.27% from CNY 2.60 billion year-on-year[5]. - Operating profit decreased to RMB 3.08 billion, down 25.00% from RMB 4.11 billion in the previous year[21]. - Basic earnings per share increased to RMB 0.31, compared to RMB 0.30 in the previous year, showing a growth of 3.33%[22]. - Other comprehensive income after tax was RMB 304.42 million, down from RMB 585.85 million, indicating a decrease of 48.00%[22]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -4.65 billion, a significant decline of 388.24% compared to CNY 1.61 billion in the previous year[5]. - Cash flow from operating activities was RMB 44.95 billion, a decrease from RMB 50.53 billion in the same period last year, representing a decline of 11.14%[23]. - The net cash flow from investment activities was -5.45 billion, a significant decline from 81.86 million in the previous period[24]. - Cash inflow from financing activities was 2.18 billion, up from 575.66 million in the previous year[24]. - The total cash and cash equivalents at the end of the period were 45.49 billion, down from 70.70 billion at the beginning of the period[24]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 353.46 billion, marking a 2.79% increase from CNY 343.88 billion at the end of the previous year[5]. - The total liabilities of the company reached RMB 228.32 billion, compared to RMB 221.92 billion at the beginning of the period, showing an increase of about 2.0%[19]. - The company's equity attributable to shareholders was CNY 89.48 billion, up 3.21% from CNY 86.70 billion at the end of the last year[5]. - The total equity of Weichai Power as of March 31, 2025, was RMB 125.14 billion, up from RMB 121.96 billion, reflecting an increase of approximately 2.0%[19]. Operational Metrics - The company reported a significant increase in accounts receivable by 34.61%, reaching CNY 4.16 billion compared to CNY 3.09 billion last year[11]. - The company reported a significant increase in inventory, which rose to RMB 36.48 billion from RMB 35.68 billion, a growth of about 2.2%[18]. - Management expenses rose by 56.61% to CNY 409.08 million, primarily due to efficiency-related expenses from the subsidiary KION GROUP AG[11]. - Research and development expenses were RMB 2.04 billion, slightly down from RMB 2.09 billion, indicating a decrease of 2.00%[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 224,105[12]. - The total equity attributable to shareholders reached RMB 89.48 billion, an increase from RMB 86.70 billion, reflecting a growth of 3.00%[20]. Financing Activities - The company recorded a 116.31% increase in net cash flow from financing activities, amounting to CNY 40.97 million, due to increased borrowings[11]. - The net cash flow from financing activities improved to 409.71 million, compared to a negative 2.51 billion last year[24]. - Short-term borrowings increased to RMB 3.13 billion from RMB 1.74 billion, indicating a rise of approximately 80%[19]. Market and Product Development - The company has not disclosed any new product launches or technological advancements in the provided documents[16]. - There is no mention of market expansion or mergers and acquisitions in the current financial report[16].

Financial Performance - The company's operating revenue for Q1 2025 was ¥20,447,728,414.17, a decrease of 13.90% compared to ¥23,747,478,779.97 in the same period last year[5] - Net profit attributable to shareholders increased by 34.02% to ¥445,439,544.24 from ¥332,380,304.87 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥386,176,196.07, up 32.43% from ¥291,600,496.59 in the previous year[5] - Basic and diluted earnings per share increased by 300% to ¥0.04 from ¥0.01 year-on-year[5] - The company's net profit for the current period is CNY 386,490,978.72, a decrease of 58.8% compared to CNY 936,085,793.06 in the previous period[22] - Operating profit for the current period is CNY 755,422,396.06, down 53.3% from CNY 1,615,506,739.34 in the previous period[22] - The company reported a total comprehensive income of CNY 376,521,257.29, down from CNY 914,250,804.46 in the previous period[22] Cash Flow and Liquidity - The net cash flow from operating activities improved by 17.13%, reaching -¥8,793,468,085.83 compared to -¥10,611,231,091.11 in the same period last year[5] - The company's cash and cash equivalents amount to ¥88,094,289,112.06 as of March 31, 2025, compared to ¥100,351,402,910.44 at the end of 2024, reflecting a decrease of 12.2%[18] - Cash and cash equivalents at the end of the period amount to CNY 87,134,007,161.99, compared to CNY 82,607,128,186.82 at the end of the previous period[24] - The company has a total cash inflow from financing activities of CNY 24,786,436,194.75, a decrease from CNY 37,734,411,159.10 in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥866,663,370,055.52, a slight increase of 0.74% from ¥860,308,816,014.37 at the end of the previous year[5] - The company's total liabilities stand at ¥583,864,488,230.02, an increase from ¥573,564,035,127.95, representing a rise of 1.9%[20] - Non-current assets total ¥248,237,834,217.31, up from ¥246,143,238,736.53, showing a growth of 0.8%[19] - Total current assets increased slightly to ¥618,425,535,838.21 from ¥614,165,577,277.84, indicating a growth of 0.4%[19] Equity and Shareholder Information - The equity attributable to shareholders decreased by 1.84% to ¥108,967,920,496.83 from ¥111,006,837,433.28 at the end of the last year[5] - The total equity attributable to shareholders decreased to ¥108,967,920,496.83 from ¥111,006,837,433.28, a decline of 1.9%[20] Expenses and Costs - Total operating costs for the current period are ¥19,849,682,527.08, down 10.8% from ¥22,206,949,106.13 in the previous period[21] - Research and development expenses decreased by 33.87% to ¥2,765.08 million from ¥4,181.10 million year-on-year[12] - Research and development expenses decreased to ¥27,650,782.63 from ¥41,810,985.37, a reduction of 33.9%[21] - The company reported a net profit margin decline due to increased financial expenses, which rose to ¥658,072,571.36 from ¥504,636,878.96, an increase of 30.4%[21] Investment Income - Investment income surged by 357.82% to ¥17,915.76 million from ¥3,913.30 million in the previous year[12] - The company has reported a significant increase in investment income, reaching CNY 179,157,638.89, compared to CNY 39,133,033.91 in the previous period[22] Accounts Receivable and Inventory - The company reported a significant increase in accounts receivable by 44.44% to ¥507,008.58 million due to an increase in property management fees[11] - The company’s inventory increased to ¥375,816,845,120.39 from ¥369,183,324,334.41, reflecting a growth of 1.8%[19]

Financial Performance - The company's operating revenue for Q1 2025 was ¥1,500,809,475.09, a decrease of 13.77% compared to ¥1,740,573,333.15 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥24,602,329.85, representing a decline of 183.56% from a loss of ¥8,676,243.70 in Q1 2024[4] - The company’s basic and diluted earnings per share were both -¥0.013, a decline of 160.00% from -¥0.005 in Q1 2024[4] - Net profit for the current period is -¥25,274,925.17, compared to -¥7,059,763.85 in the previous period, indicating a significant increase in losses[24] Cash Flow and Liquidity - The cash flow from operating activities improved by 28.71%, amounting to -¥344,170,127.38 compared to -¥482,746,460.57 in the previous year[4] - The company reported a total cash balance of ¥1,857,522,160.33 as of March 31, 2025, down from ¥1,902,101,728.59 at the beginning of the period, indicating a decrease of approximately 2.3%[19] - Cash inflow from investment activities was significantly lower at 12,228,101.88 CNY, down from 120,313,041.10 CNY in the prior period[25] - The company reported a decrease in cash received from sales of goods and services to 923,241,455.66 CNY, down from 1,624,129,012.58 CNY[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥11,447,715,423.40, reflecting a 1.05% increase from ¥11,328,823,020.30 at the end of the previous year[5] - Total liabilities are ¥9,824,649,834.57, up from ¥9,682,205,297.96 in the previous period[21] - Current liabilities total ¥8,294,743,605.78, an increase of 2.57% from ¥8,087,818,143.57 in the previous period[21] - Non-current liabilities amount to ¥1,529,906,228.79, a decrease from ¥1,594,387,154.39 in the previous period[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 154,734, with the largest shareholder, Yunnan Yunnei Power Group Co., Ltd., holding 33.34% of the shares[15] - The company has a significant shareholder, Yunnan Yunnei Power Group Co., Ltd., holding 650,142,393 shares, which constitutes a controlling stake[16] - The company has a total of 10 major shareholders, with no known relationships or agreements among them that could affect voting rights[16] Impairment and Losses - The company reported a significant increase in credit impairment losses, amounting to ¥1,378,283.05, compared to a gain of -¥9,874,424.50 in Q1 2024, marking a 113.96% change[13] - The company experienced a 340.95% increase in asset impairment losses, totaling ¥9,250,428.96, compared to -¥3,839,070.68 in the previous year[13] - The company recorded a 61.26% decrease in other income, which amounted to ¥3,255,276.76, down from ¥8,403,141.09 in the same period last year[13] Regulatory and Compliance - The company is currently under investigation by the China Securities Regulatory Commission for alleged violations of information disclosure laws, with no conclusion reached yet[17] - The company is actively cooperating with the ongoing investigation and will ensure timely disclosures as required by law[17] Research and Development - Research and development expenses for the current period are ¥61,689,128.82, slightly down from ¥64,631,994.22 in the previous period[24]

证券代码：000501 证券简称：武商集团 公告编号：2025-019 武商集团股份有限公司 2025 年第一季度报告 武商集团 2025 年第一季度报告 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的 真实、准确、完整。 3.第一季度报告是否经审计 □是 否 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 适用 □不适用 | | | 单位：元 | | --- | --- | --- | | 项目 | 本报告期金额 | 说明 | | 非流动性资产处置损益（包括已计提资产减值准备的冲销部分） | -518,452.57 | | | 计入当期损益的政府补助（与公司正常经营业务密切相关、符合国家政策 规定、按照确定的标准享有、对公司损益产生持续影响的政府补助除外） | 9,000,510.67 | | | 除上述各项之外的其他营业外收入和支出 | 2,9 ...

Financial Performance - The company's operating revenue for 2024 was CNY 4,731,422,450, representing a decrease of 11.01% compared to CNY 5,316,816,770 in 2023[20] - The net profit attributable to shareholders for 2024 was CNY 1,217,127,620, a decrease of 5.81% from CNY 1,292,140,420 in 2023[20] - The net profit after deducting non-recurring gains and losses was CNY 1,190,354,420, down 9.89% from CNY 1,321,015,940 in the previous year[20] - The company's net cash flow from operating activities for 2024 was ¥867,008,366, a decrease of 57.61% compared to ¥2,045,514,991 in 2023[21] - The total revenue for 2024 was ¥4,731,422,456.95, down from ¥5,316,816,774.69 in 2023, representing a decline of approximately 11%[22] - The net profit attributable to shareholders for 2024 was negative at -¥892,652,112.92, with a significant increase in losses compared to -¥224,675,053.20 in the third quarter of 2023[27] - The company's total assets decreased by 11.78% to ¥11,328,823,020 at the end of 2024 from ¥12,860,720,700 at the end of 2023[21] - The net assets attributable to shareholders fell by 42.83% to ¥1,637,020,520 in 2024 from ¥2,953,581,440 in 2023[21] Dividend and Shareholder Returns - The company plans not to distribute cash dividends or issue bonus shares for the fiscal year[5] - The company decided not to distribute cash dividends for the fiscal year 2023 due to a net loss, with available distributable profits being negative[166] Market and Product Development - The company is focusing on the research and development of gasoline engines in response to regulatory changes in the light truck market[19] - The company has maintained its commitment to diesel engine research, production, and sales since its establishment in 1999[19] - The company is actively exploring opportunities for market expansion and technological advancements in its product offerings[19] - The company is actively optimizing engine products to comply with new fuel consumption standards set to take effect in 2026[32] - The company is focusing on expanding its product strategy to include traditional and new energy power systems, including hybrid and hydrogen fuel cell technologies[39] - The company is advancing its new energy product development, with hybrid products already launched in collaboration with major automotive manufacturers[54] Sales and Production - The company sold 353,900 engines in 2024, a decrease of 5.15% year-on-year, reflecting the downturn in the commercial vehicle market[31] - The diesel engine market saw a decline in sales, with a total of 4,931,400 units sold in 2024, down 3.62% from the previous year[31] - The sales volume of engines during the reporting period was 353,933 units, representing a decrease of 5.15% compared to the previous year[42] - Engine sales volume dropped by 5.15% to 353,933 units, and production volume decreased by 9.13% to 329,430 units[60] Research and Development - The company has achieved an annual production capacity of 850,000 engines across its main production bases in Kunming, Chengdu, Qingzhou, and Hefei[41] - The company has developed the YN30NF gas engine, which is the first domestically mass-produced National VI four-cylinder gas engine, and has achieved batch sales of the G20TNF gas engine[36] - The company has a total of 335 valid patents in the engine field, including 231 utility model patents, 68 design patents, and 36 invention patents[43] - The company increased its R&D spending, which contributed to a rise in the gross margin per engine unit compared to the previous year[49] - R&D investment rose by 4.08% to approximately CNY 457.74 million, accounting for 9.67% of operating revenue[71] - R&D personnel decreased by 1.84% to 320 in 2024, while the proportion of R&D personnel increased to 12.34%[71] Corporate Governance - The company has a clear and independent operational structure, with no interference from the controlling shareholder in business decisions[121] - The company has established an independent financial department with a complete accounting system, ensuring compliance with tax regulations[123] - The company has a robust internal control system to enhance operational compliance and protect shareholder interests[110] - The company is committed to maintaining effective communication with stakeholders to balance interests and promote sustainable development[119] - The company has acknowledged the need for improvements in information disclosure practices following regulatory feedback[117] Environmental Compliance - The company has complied with various environmental protection laws and standards, ensuring no environmental violations occurred during the reporting period[184] - The company applied for a new pollution discharge permit on November 23, 2023, valid until November 22, 2028[184] - The total amount of hazardous waste disposed of by the company was 310.8 tons, with no exceedances reported[185] - The company has established dedicated environmental management departments to oversee environmental protection efforts and has implemented training programs for staff[188] - The company has made significant investments in upgrading and maintaining environmental protection facilities to ensure compliance with pollution discharge standards[189] Future Outlook - The company anticipates that the market for energy-saving and clean engine products, including non-road pure electric and hybrid products, will expand due to environmental requirements and national policies[94] - In 2025, the company aims to enhance its product quality and efficiency through technological innovation in diesel engines, hybrid systems, and hydrogen fuel cells, while also accelerating international business expansion[95] - The company expects improved profitability in its engine-related business due to market recovery and product optimization, with a focus on expanding into engineering machinery and agricultural machinery sectors[96] Employee and Management Structure - The total number of employees at the end of the reporting period was 2,594, with 1,354 in the parent company and 1,240 in major subsidiaries[162] - The company has established a salary system based on job value assessment to promote fairness and motivate employees[164] - The company plans to conduct 65 training programs in 2025, focusing on enhancing employee skills and performance[165] - The company has a total of 12 board members, including 6 independent directors[128] - The company has a stock incentive plan in place, with 250,000 shares allocated for management and 100,000 shares for other employees[129]

Financial Performance - The company's revenue for Q1 2025 reached ¥605,932,829.37, representing a 16.50% increase compared to ¥520,106,556.00 in the same period last year[5] - Net profit attributable to shareholders was ¥83,080,731.18, a significant increase of 50.66% from ¥55,145,925.84 year-on-year[5] - Basic and diluted earnings per share both increased by 50.00% to ¥0.42 from ¥0.28 in the same period last year[5] - Operating profit for the current period was ¥94,766,670.06, up 47.2% from ¥64,372,835.44 in the previous period[20] - Net profit attributable to the parent company was ¥83,080,731.18, representing a 50.6% increase from ¥55,145,925.84 in the previous period[20] Cash Flow and Investments - The net cash flow from operating activities surged by 170.17% to ¥77,070,515.89, compared to ¥28,526,967.48 in the previous year[5] - The company incurred a net cash outflow from investing activities of ¥21,974,716.85, an improvement from a net outflow of ¥24,658,387.84 in the previous period[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,783,717,062.54, reflecting a 0.50% increase from ¥2,769,880,939.74 at the end of the previous year[5] - Current assets totaled CNY 1,694,080,225.36, compared to CNY 1,670,441,070.85 at the start of the period, reflecting a growth of approximately 1.4%[15] - Total liabilities decreased to CNY 869,648,220.00 from CNY 879,963,561.37, a reduction of approximately 1.4%[16] - The company's equity remained stable with total equity at CNY 1,914,068,842.54, reflecting a slight change from the previous period[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,325[11] - The company repurchased 2,445,000 shares, accounting for 1.21% of the total share capital[12] - The top shareholder, Shandong LianKe Industrial Group Co., Ltd., holds 48.89% of the shares, with a total of 98,939,604 shares[12] Other Income and Expenses - The company reported a 52.57% increase in other income, totaling ¥5,679,258.61, primarily due to increased VAT refunds[9] - Research and development expenses increased to ¥22,153,034.14, up 26.5% from ¥17,449,264.74 in the previous period[19] Accounting and Reporting - The first quarter report is unaudited[23] - The new accounting standards will be implemented starting in 2025[23] - The financial statement adjustments related to the first year of implementation will be disclosed[23] - The board of directors of Shandong LianKe Technology Co., Ltd. issued the report on April 30, 2025[23]

Financial Performance - The company's operating revenue for Q1 2025 was ¥1,454,324,789.16, a decrease of 7.25% compared to ¥1,568,036,490.60 in the same period last year[4] - Net profit attributable to shareholders was ¥100,844,222.94, down 5.47% from ¥106,677,127.35 year-on-year[4] - Basic earnings per share decreased to ¥0.21, a decline of 4.55% from ¥0.22 in the same period last year[4] - Net profit for Q1 2025 was ¥102,235,536.92, a decrease of 6.99% from ¥108,997,363.62 in Q1 2024[21] - The total comprehensive income for the first quarter of 2025 was CNY 102,235,536.92, compared to CNY 108,997,363.62 in the first quarter of 2024, reflecting a decrease of approximately 6.9%[22] - The net profit for Q1 2025 was CNY 35,120,112.37, down 40.6% from CNY 59,159,251.90 in Q1 2024[33] Cash Flow - The net cash flow from operating activities increased by 8.7% to ¥218,528,173.21, compared to ¥201,038,600.22 in the previous year[4] - The net cash flow from operating activities for Q1 2025 was negative at CNY -83,165,807.96, compared to a positive CNY 32,758,184.91 in Q1 2024[35] - The cash inflow from investment activities for Q1 2025 was CNY 104,337,234.11, significantly lower than CNY 402,882,937.72 in Q1 2024, reflecting a decrease of approximately 74.1%[25] - The cash inflow from investment activities in Q1 2025 was CNY 114,404,785.98, significantly lower than CNY 435,818,037.56 in Q1 2024[35] - The net cash flow from financing activities for Q1 2025 was CNY 180,335,199.25, compared to CNY 52,957,330.80 in Q1 2024, indicating a substantial increase of about 240.5%[26] Assets and Liabilities - Total assets as of March 31, 2025, were ¥7,647,141,781.42, reflecting a 2.70% increase from ¥7,446,203,609.51 at the end of the previous year[6] - Total liabilities increased to ¥3,641,342,728.19 from ¥3,554,030,506.19, reflecting a rise of 2.45%[17] - The total liabilities as of March 31, 2025, were CNY 1,671,506,519.87, compared to CNY 1,700,472,030.08 at the end of 2024, showing a decrease of about 1.7%[29] - The total liabilities decreased to CNY 2,537,562,519.87 in Q1 2025 from CNY 2,613,452,030.08 in Q1 2024, reflecting a reduction of 2.9%[30] Shareholder Information - The company had a total of 16,018 common shareholders at the end of the reporting period[8] - The top ten shareholders collectively held 47.75% of the company's total equity, with the largest shareholder, Anhui Energy Group, holding 41.56%[11] Equity and Investments - The total equity attributable to shareholders was ¥3,417,050,823.39, up from ¥3,300,285,057.30 at the end of the previous year[6] - The total equity increased to CNY 3,094,819,616.29 in Q1 2025 from CNY 3,046,960,083.63 in Q1 2024, representing a growth of 1.6%[30] - The company's long-term equity investments as of March 31, 2025, were valued at CNY 2,753,430,890.27, up from CNY 2,739,621,204.81 at the end of 2024, representing an increase of approximately 0.5%[28] Expenses - Total operating costs for Q1 2025 were ¥1,330,089,677.23, down from ¥1,430,026,940.50 in Q1 2024, reflecting a reduction of 6.93%[20] - Research and development expenses for Q1 2025 were ¥1,747,542.95, compared to ¥1,330,843.95 in Q1 2024, marking an increase of 31.4%[21] - The company reported a decrease in financial expenses to ¥13,320,235.36 from ¥16,963,737.19, a reduction of 21.5%[21] - The financial expenses for Q1 2025 were CNY 9,835,584.49, a decrease of 28.5% from CNY 13,682,435.88 in Q1 2024[32] - Investment income of CNY 13,435,574.93 in Q1 2025, down 39.5% from CNY 22,204,893.75 in Q1 2024[32]

Financial Performance - The company's revenue for Q1 2025 was CNY 246,160,048.21, representing a 13.71% increase compared to CNY 216,472,925.87 in the same period last year[4] - Net profit attributable to shareholders decreased by 44.38% to CNY 4,504,651.07 from CNY 8,099,072.31 year-on-year[4] - Net profit for Q1 2025 was ¥4,519,679.00, a decrease of 35.5% from ¥6,999,569.19 in Q1 2024[14] - The company's operating profit for Q1 2025 was ¥4,536,840.57, down from ¥6,862,686.22 in Q1 2024, indicating a decline of 33.8%[14] - The gross profit margin declined due to a decrease in sales prices of fruit products, leading to a significant drop in net profit[6] Cash Flow - The net cash flow from operating activities improved significantly, increasing by 280.94% to CNY 20,512,048.49, compared to a negative cash flow of CNY 11,336,365.44 in the previous year[4] - Cash inflow from operating activities for Q1 2025 was CNY 271,506,189.09, down from CNY 282,191,567.01 in Q1 2024, representing a decrease of approximately 2.4%[16] - Cash outflow for purchasing goods and services was CNY 231,113,205.60, down from CNY 276,915,415.09 in Q1 2024[16] - Cash outflow from investing activities was CNY 6,164,837.77, an increase from CNY 4,959,268.49 in Q1 2024[17] - Cash inflow from financing activities totaled CNY 60,500,000.00, compared to CNY 89,800,000.00 in Q1 2024, reflecting a decrease of approximately 32.6%[17] - The net cash flow from financing activities was negative CNY 7,113,015.60, contrasting with a positive net flow of CNY 13,063,958.57 in the previous year[17] - The ending balance of cash and cash equivalents increased to CNY 65,670,739.78 from CNY 35,370,193.53 year-over-year[17] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,925,206,670.65, a slight decrease of 0.54% from CNY 1,935,742,342.38 at the end of the previous year[5] - Total liabilities decreased from ¥765,143,820.40 to ¥749,438,940.67, a reduction of 2.1%[12] - The company's cash and cash equivalents showed a slight decrease, with current assets totaling ¥1,206,117,213.89 compared to ¥1,211,167,151.19 previously[12] - The equity attributable to shareholders increased by 0.40% to CNY 1,174,654,641.59 from CNY 1,170,000,461.51 at the end of the previous year[5] - The equity attributable to shareholders increased to ¥1,174,654,641.59 from ¥1,170,000,461.51, reflecting a growth of 0.4%[12] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 36,661[8] - Basic and diluted earnings per share remained unchanged at CNY 0.01[4] - Basic and diluted earnings per share remained at CNY 0.01 for the current period[15] Other Income and Expenses - The company received government subsidies amounting to CNY 115,850.93, which were included in the non-recurring gains and losses[6] - Research and development expenses increased to ¥573,547.36 in Q1 2025, compared to ¥405,056.31 in Q1 2024, marking a rise of 41.5%[13] - Other comprehensive income for Q1 2025 was ¥136,169.72, contrasting with a loss of ¥1,761,379.76 in Q1 2024[14] - The total comprehensive income attributable to minority shareholders was CNY 15,027.93, a decrease of CNY 1,099,503.12 compared to the previous period[15] Accounting Standards - The company will not apply new accounting standards starting from 2025[18]