华远地产股份有限公司2025 年第一季度报告 证券代码： 6 0 0 7 4 3 证券简称： 华远地产 华远地产股份有限公司 2025 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、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。 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）保证季度报告中财务信息 的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、主要财务数据 主要会计数据和财务指标 单位：万元 币种：人民币 | 项目 | 本报告期 | 上年同期 | | 本报告期比上年同期 | | --- | --- | --- | --- | --- | | | | | | 增减变动幅度(%) | | | | 调整前 | 调整后 | 调整后 | | 营业收入 | 7,106.24 | 100,284.66 | 100,878.82 | -92.96 | | 归属于上市公司股东的 ...

Financial Performance - The company did not achieve profitability in the 2024 fiscal year and has proposed no profit distribution or capital increase for this period[8]. - The company's operating revenue for 2024 was CNY 1,636,739,819.48, a decrease of 30.97% compared to 2023[23]. - The net profit attributable to shareholders was -CNY 133,784,242.29, representing a decline of 354.59% from the previous year[23]. - The basic earnings per share for 2024 was -CNY 0.3120, down 354.49% from 2023[24]. - The weighted average return on equity was -10.3786%, a decrease of 14.20 percentage points from the previous year[24]. - The total assets at the end of 2024 were CNY 1,898,084,415.33, down 16.13% from 2023[23]. - The net assets attributable to shareholders decreased by 9.88% to CNY 1,206,288,067.50 compared to the end of 2023[23]. - The company reported a net profit of CNY 51.05 million when excluding goodwill impairment, indicating resilience in core competitiveness[34]. - The company reported a total of 1,417 employees, with 29 in the parent company and 1,388 in major subsidiaries[154]. - The company reported a net profit attributable to shareholders of -133,784,242.30 CNY for the most recent accounting year, with retained earnings at 160,692,703.87 CNY[161]. Audit and Compliance - The company has received a standard unqualified audit report from Zhongxinghua Accounting Firm[7]. - The company has appointed Zhongxinghua Accounting Firm as its auditor, with specific partners responsible for the audit[22]. - The company has committed to ensuring that Qingdao Haizheng obtains all necessary production qualifications by December 31, 2025, to mitigate operational risks[122]. - The company has established measures to monitor macroeconomic trends and adjust its business strategies accordingly to maintain stable operations[123]. - The company has implemented a comprehensive internal control system to enhance governance and ensure compliance with legal regulations[127]. - The internal control audit report for 2024 was issued with a qualified opinion, indicating areas for improvement[166]. - The company has established a systematic internal control system and enhanced risk management capabilities, focusing on financial data analysis and budget management[164]. Market and Business Strategy - The company is focusing on market expansion and enhancing customer relationships to mitigate the impact of geopolitical tensions and trade barriers[36]. - The company is actively exploring new projects in the graphite new materials field to expand its project reserves and enhance its industrial chain layout[118]. - The company aims to leverage its graphite resource advantages to extend the industrial chain and focus on high-end product development and green transformation[109]. - The company plans to enhance its e-commerce operations through the application of AI and automation technologies to improve efficiency and maintain stable growth in cross-border e-commerce exports[106]. - The company is committed to maintaining its leading position in the international trade of hair products and expanding its market presence beyond North America[111]. - The company plans to enhance its cross-border e-commerce import business by utilizing domestic and international markets and resources[112]. Environmental and Social Responsibility - Qingdao Hengfu, a subsidiary, is classified as a key pollutant discharge unit, with wastewater discharge including 28.8 tons of COD and 0.865 tons of ammonia nitrogen, all within compliance limits[169]. - The company has installed a 2000 cubic meter wastewater treatment facility, ensuring that all treated wastewater meets national discharge standards before release[170]. - The company has developed emergency response plans for environmental incidents, with no reported environmental emergencies during the reporting period[171]. - The company has not reported any administrative penalties related to environmental issues during the reporting period[173]. - The company has committed to achieving net profits of no less than RMB 42 million, RMB 50 million, and RMB 60 million for the years 2021, 2022, and 2023 respectively[180]. Management and Governance - The company has established a special committee structure, including audit, nomination, compensation, and strategy committees[148]. - The company has appointed several independent directors with diverse backgrounds in law and finance, enhancing its governance structure[135]. - The financial management team is led by Cheng Yanling, who has extensive experience in financial oversight across different sectors[136]. - The company has seen significant management turnover, with several key executives holding multiple positions within the organization[137]. - The company has a fully independent organizational structure, with no shared office or mixed operations with the controlling shareholder or other enterprises[130]. Related Party Transactions - The company has disclosed its daily related party transactions for the year 2023, with further details available in the announcements[191]. - The total amount of related party debts as of the reporting date is approximately 1.59 billion RMB, with all principal and interest fully repaid[195]. - The company has ongoing related party transactions involving the sale of subsidiary equity, with multiple announcements detailing the progress[192]. Future Outlook - Future outlook indicates a projected revenue growth of 30% for the next fiscal year, driven by new product launches and market expansion strategies[139]. - The company plans to enter two new international markets by the end of 2024, aiming to diversify its revenue streams[139]. - The company is exploring partnerships with leading research institutions to accelerate innovation and product development[139].

Financial Performance - The company's operating revenue for Q1 2025 was ¥2,437,451,945.75, a decrease of 18.94% compared to ¥3,006,987,657.55 in the same period last year[5] - Net profit attributable to shareholders was ¥46,902,034.90, down 47.44% from ¥89,237,326.61 year-on-year[5] - Basic and diluted earnings per share were both ¥0.04, representing a 50.00% decrease from ¥0.08 in the same period last year[5] - Net profit for the period was ¥45,399,048.56, down from ¥87,799,887.76, indicating a decline of approximately 48% year-over-year[21] - Earnings per share decreased to ¥0.04 from ¥0.08, reflecting a 50% drop compared to the previous period[21] Cash Flow - The net cash flow from operating activities was -¥21,057,094.27, a decline of 104.90% compared to ¥429,960,985.48 in the previous year[5] - Cash generated from operating activities was ¥2,943,450,053.73, down from ¥3,492,311,549.40, a decrease of about 16% year-over-year[22] - The total cash flow from operating activities reflects a significant decrease, indicating potential challenges in revenue generation and cash management[22] - Cash inflow from investment activities totaled $3,766,028.81, while cash outflow was $19,440,344.73, resulting in a net cash flow of -$15,674,315.92[23] - The net cash flow from financing activities was $748,902,250.25, down from $1,024,293,181.26 in the previous period[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥20,424,367,885.33, an increase of 4.12% from ¥19,616,334,342.02 at the end of the previous year[5] - Total current assets reached CNY 17.45 billion, up from CNY 16.59 billion, indicating an increase of approximately 5.2%[16] - The total liabilities increased to ¥13,831,037,255.11 from ¥13,068,406,541.50, marking an increase of approximately 6%[20] - Short-term borrowings rose to CNY 3.82 billion from CNY 3.15 billion, marking an increase of approximately 21.1%[16] - Long-term borrowings increased to ¥497,176,136.15 from ¥379,879,878.91, reflecting a growth of approximately 31% year-over-year[20] Shareholder Information - The total equity attributable to shareholders increased by 0.72% to ¥6,547,507,739.02 from ¥6,500,601,922.98 at the end of the previous year[5] - The total number of common shareholders at the end of the reporting period is 52,176[11] - Zhejiang Southeast Network Framework Group Co., Ltd. holds 28.19% of shares, amounting to 314,515,000 shares[11] - The company has not disclosed any significant changes in the shareholding structure of the top 10 shareholders due to margin trading activities[12] Research and Development - Research and development expenses decreased by 39.19% to ¥56,246,167.71 from ¥92,490,927.38 year-on-year[8] - The company reported a decrease in research and development expenses to ¥56,246,167.71 from ¥92,490,927.38, a reduction of about 39%[20] Operating Expenses - The company reported a significant increase in operating expenses, with sales expenses down 56.25% to ¥5,006,504.49 from ¥11,442,682.11[8] - Total operating costs decreased to ¥2,460,853,800.63 from ¥3,007,726,452.24, a reduction of about 18% year-over-year[20] Investment Plans - The company plans to invest approximately CNY 500 million in the construction of a 110MW agricultural-photovoltaic complementary power station project[13]

Financial Performance - The company's revenue for Q1 2025 was ¥441,200,030.79, representing a 15.40% increase compared to ¥382,329,827.01 in the same period last year[4] - Net profit attributable to shareholders for Q1 2025 was ¥111,973,222.11, a significant increase of 45.94% from ¥76,726,553.95 year-on-year[4] - Basic earnings per share rose to ¥0.3530, reflecting a 45.63% increase from ¥0.2424 in the same quarter last year[4] - The operating income for the quarter was CNY 441,200,030.79, compared to CNY 382,329,827.01 in the previous period, marking an increase of around 15.4%[21] - The company reported a basic earnings per share of 0.3530, up from 0.2424, representing an increase of 45.8%[23] - The total comprehensive income for the current period was 87,840,102.85, compared to 52,453,569.66 in the previous period, reflecting a growth of 67.2%[23] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥22,032,144.40, a turnaround of 144.86% from a negative cash flow of ¥49,110,858.45 in the previous year[10] - The company's cash and cash equivalents decreased to CNY 1,523,097,529.29 from CNY 1,557,408,357.00, a decline of approximately 2.2%[17] - Cash and cash equivalents at the end of the period totaled 630,101,381.51, down from 1,078,744,457.57, indicating a decrease in liquidity[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,200,453,277.00, a slight decrease of 0.44% from ¥4,219,091,647.46 at the end of the previous year[4] - Total liabilities increased to CNY 1,752,352,835.99 from CNY 1,684,554,581.35, reflecting a rise of about 4.0%[19] - The company's total equity decreased to CNY 2,448,100,441.01 from CNY 2,534,537,066.11, a decline of approximately 3.4%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 46,375, with the largest shareholder holding 46.42% of the shares[12] - The company plans to distribute cash dividends of ¥5.5 per 10 shares, totaling ¥174,479,727.95, based on the total share capital as of December 31, 2024[14] Operating Costs and Expenses - Total operating costs for the same period were CNY 315,060,507.97, compared to CNY 301,704,170.07 in the prior period, indicating an increase of about 4.4%[21] - Research and development expenses remained stable at 47,122,876.96, slightly down from 47,572,667.30, indicating a focus on maintaining R&D investment[22] Other Income and Receivables - The company reported a decrease in other income to ¥2,407,955.15, down 44.90% from ¥4,370,245.02, primarily due to reduced government subsidies[9] - The company’s other receivables decreased to CNY 11,509,744.76 from CNY 12,791,977.81, a reduction of approximately 10.0%[17] - The company reported interest income of CNY 1,849,092.52, slightly down from CNY 1,916,233.35 in the prior period[21] Membership and Growth - As of March 31, 2025, the number of paid members on Made-in-China.com reached 28,118, an increase of 703 members from the end of 2024, while AI Maike's cumulative paid members exceeded 11,000[15] Future Outlook - The company plans to implement new accounting standards starting in 2025, which may impact financial reporting[27]

Financial Performance - The company's operating revenue for Q1 2025 was ¥386,570,426.94, representing a 13.94% increase compared to ¥339,271,711.32 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥13,780,115.36, an improvement of 9.26% from a loss of ¥15,186,585.70 year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 45.59%, amounting to a loss of ¥22,526,140.92 compared to a loss of ¥15,472,552.58 in the previous year[5] - The net cash flow from operating activities was a negative ¥102,050,539.36, slightly worsening by 1.63% from a negative ¥100,414,025.64 in the same period last year[5] - Total operating revenue for the current period reached ¥386,570,426.94, an increase of 13.9% compared to ¥339,271,711.32 in the previous period[30] - Total operating costs increased to ¥407,580,031.85, up 13.0% from ¥360,542,418.91 in the previous period[30] - Net loss for the current period was ¥9,386,715.76, an improvement from a net loss of ¥19,538,733.95 in the previous period[31] - The total comprehensive loss for the current period was ¥9,348,387.27, compared to a loss of ¥19,583,069.36 in the previous period[31] - Basic and diluted earnings per share improved to -0.0564 from -0.0621 in the previous period[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,910,780,552.31, down 2.11% from ¥1,951,931,580.02 at the end of the previous year[5] - Total current assets decreased from 1,444,677,064.80 CNY to 1,402,158,934.00 CNY, a reduction of approximately 2.9%[26] - Cash and cash equivalents decreased from 642,007,499.62 CNY to 613,580,181.28 CNY, a decline of about 4.4%[26] - Accounts receivable decreased from 217,165,329.23 CNY to 189,771,049.01 CNY, a decrease of approximately 12.6%[26] - Total liabilities decreased from 675,849,385.05 CNY to 642,332,253.41 CNY, a reduction of about 4.9%[27] - Non-current assets increased slightly from 507,254,515.22 CNY to 508,621,618.31 CNY, an increase of approximately 0.3%[27] - Total assets decreased from 1,951,931,580.02 CNY to 1,910,780,552.31 CNY, a decline of approximately 2.1%[27] - The company's total liabilities and equity amounted to ¥1,910,780,552.31, down from ¥1,951,931,580.02 in the previous period[28] - The equity attributable to shareholders of the parent company decreased to ¥1,128,288,827.15 from ¥1,140,861,994.51 in the previous period[28] Cash Flow and Financing - The net cash flow from financing activities was $102,492,068.04, a significant increase from $17,355,808.60 in the previous period, indicating strong financing performance[33] - Cash inflows from obtaining loans amounted to $154,000,000.00, compared to $49,000,000.00 in the prior period, reflecting a substantial increase in borrowing[33] - Total cash and cash equivalents at the end of the period reached $453,956,422.97, up from $201,700,743.92, showing a robust liquidity position[33] - The net increase in cash and cash equivalents was $187,749,944.83, contrasting with a decrease of $91,599,662.00 in the previous period, highlighting improved cash management[33] - Cash outflows for debt repayment totaled $50,020,000.00, compared to $30,900,000.00 in the prior period, indicating increased debt servicing[33] - The company distributed dividends and interest payments totaling $1,487,931.96, up from $744,191.40, reflecting a commitment to returning value to shareholders[33] - The impact of exchange rate fluctuations on cash and cash equivalents was $172,833.92, a decrease from $760,305.14, suggesting reduced currency volatility effects[33] Shareholder Information - Total number of common shareholders at the end of the reporting period is 62,840[23] - Liu Yingjian holds 19.65% of shares, totaling 48,030,838 shares[23] - The company has no preferred shareholders or significant changes in major shareholders' equity[24] Other Information - The company reported a significant increase in investment income of 2777.28%, amounting to ¥786,310.00, due to the loss of control over a subsidiary[15] - Tax expenses increased by 32.35% to ¥845,600.00, primarily driven by the increase in operating revenue[14] - Cash received from investment increased by 135.60%, totaling ¥13,561,330.00, mainly due to the maturity of dollar time deposits[17] - The company experienced a 67.88% decrease in cash used for investment payments, amounting to ¥46,491,700.00, due to reduced purchases of financial products[18] - Research and development expenses rose to ¥64,145,186.66, representing a 21.5% increase from ¥52,877,960.38 in the previous period[30] - Cash inflow from investment activities was ¥235,665,309.59, significantly higher than ¥101,211,382.78 in the previous period[32] - The company’s first quarter report for 2025 was not audited, which may affect the perception of financial reliability[34] - The company plans to implement new accounting standards starting in 2025, which may impact financial reporting and performance metrics[34]

Financial Performance - The company's revenue for Q1 2025 reached ¥2,009,837,745.64, representing a 13.18% increase compared to ¥1,775,834,657.02 in the same period last year[5] - Net profit attributable to shareholders was ¥165,157,700.48, up 22.54% from ¥134,781,668.64 year-on-year[5] - Basic and diluted earnings per share increased to ¥0.1331, reflecting a growth of 22.45% compared to ¥0.1087 in the same period last year[5] - Net profit for the current period was ¥174,403,197.95, representing a 23.29% increase from ¥141,480,909.97 in the previous period[24] - Earnings per share (EPS) for the current period was ¥0.1331, compared to ¥0.1087 in the previous period, reflecting a growth of 22.22%[25] - The company reported a total comprehensive income of ¥177,049,614.88, up from ¥145,796,872.76 in the previous period, reflecting a growth of 21.36%[24] Cash Flow - The net cash flow from operating activities improved significantly to ¥30,890,335.05, a 112.43% increase from a negative cash flow of ¥248,477,291.91 in the previous year[5] - Cash inflow from operating activities totaled ¥1,330,060,264.01, an increase from ¥1,058,440,027.16 in the prior period[26] - The net cash flow from operating activities was $30,890,335.05, a significant improvement compared to a net outflow of $248,477,291.91 in the previous period[27] - Total cash outflow from investing activities was $133,446,813.47, compared to $42,324,661.48 in the prior period, resulting in a net cash outflow of $132,121,028.27[27] - The net cash flow from financing activities was -$9,967,520.65, worsening from -$5,685,470.41 in the previous period[28] - The total cash and cash equivalents at the end of the period were $2,633,983,391.30, down from $2,372,180,910.64 in the prior period[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥11,709,623,781.88, a 6.19% increase from ¥11,026,854,370.37 at the end of the previous year[5] - Total current assets increased to approximately RMB 6.79 billion from RMB 6.19 billion, reflecting a growth of about 9.8%[18] - Total liabilities increased to ¥3,735,757,603.54, up from ¥3,241,991,044.41 in the previous period, indicating a growth of 15.25%[20] - Total equity attributable to shareholders reached ¥7,636,207,365.78, compared to ¥7,457,647,292.14 in the previous period, marking an increase of 2.40%[20] - The company's equity attributable to shareholders rose to ¥7,636,207,365.78, marking a 2.39% increase from ¥7,457,647,292.14 at the end of the last fiscal year[5] Receivables and Inventory - Accounts receivable financing increased by 57.98% to ¥439,822,283.94, primarily due to the receipt of bank acceptance bills[10] - Other receivables surged by 118.07% to ¥227,813,715.81, mainly due to payments for equity acquisition[10] - Accounts receivable rose to RMB 1.80 billion, up from RMB 1.48 billion, indicating an increase of approximately 21.7%[17] - The company reported a significant increase in inventory, which rose to RMB 490.97 million from RMB 433.39 million, reflecting a growth of approximately 13.3%[17] Contracts and Acquisitions - The company signed new contracts for blasting services totaling RMB 2.088 billion in Q1 2025[14] - The company won a bid for a project worth approximately RMB 2.904 billion, with the contract signed in April 2025[14] - The company acquired 51% of Henan Songguang Explosive Materials Co., Ltd. for RMB 316.13 million, making it a subsidiary[15] Other Financial Metrics - Total operating revenue for the current period reached ¥2,009,837,745.64, an increase of 13.14% compared to ¥1,775,834,657.02 in the previous period[22] - Total operating costs amounted to ¥1,825,748,001.45, up 12.79% from ¥1,618,858,975.43 in the prior period[23] - Research and development expenses were ¥31,453,973.82, a decrease of 12.56% from ¥36,011,448.46 in the previous period[23] - The company reported a significant increase in government subsidies, contributing to a 131.95% rise in non-operating income to ¥6,968,428.54[10] Shareholder Information - The total number of common shareholders at the end of the reporting period is 26,407[12] - The largest shareholder, China Gezhouba Group Co., Ltd., holds 43.37% of shares, totaling 538,032,152 shares[12] Audit Status - The first quarter report was not audited, indicating a preliminary financial status[29]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 12,893,845, representing a year-on-year increase of 2.50% compared to CNY 12,579,798 in the same period last year[5]. - The net profit attributable to shareholders was CNY 17,960, a significant turnaround from a loss of CNY 96,871 in the previous year, marking an increase of 118.54%[5]. - Comparable store sales increased by 23.3% year-on-year, contributing to a total store sales revenue growth of 19.3% in Q1 2025[9]. - The company reported a significant increase of 950.16% in cash flow from investing activities, primarily due to the sale of other equity investments[12]. - The company's total revenue for the current period was 12.89 billion yuan, an increase from 12.58 billion yuan in the previous period[28]. - The net profit for the current period was 24.75 million yuan, recovering from a net loss of 68.49 million yuan in the previous period[28]. - The company reported an operating profit of 99.20 million yuan, a significant improvement from an operating loss of 76.31 million yuan in the previous period[28]. - Total revenue from sales of goods and services reached 14,987,565 thousand yuan, an increase from 13,276,137 thousand yuan in the previous period, representing a growth of approximately 12.9%[31]. - Total comprehensive income attributable to the parent company was 124,560 thousand yuan, a recovery from a loss of 2,423 thousand yuan in the previous period[29]. - Basic and diluted earnings per share improved to 0.0020 yuan per share, compared to a loss of 0.0106 yuan per share in the previous period[29]. - The company reported a total comprehensive income of 131,349 thousand yuan, significantly higher than 25,959 thousand yuan in the previous period[29]. Store Operations - The company opened and renovated 11 new stores, including Suning Max and Suning Pro, enhancing brand image and sales scale[9]. - The total number of self-operated stores decreased to 935, with a net decrease of 15 stores in the home appliance and 3C category during Q1 2025[15]. Cash Flow - The net cash flow from operating activities decreased by 34.67% to CNY 919,183 from CNY 1,406,920 in the previous year[5]. - Cash flow from investment activities generated a net inflow of 1,544,732 thousand yuan, a significant improvement compared to a net outflow of 181,698 thousand yuan in the previous period[32]. - Cash flow from financing activities resulted in a net outflow of 2,480,448 thousand yuan, worsening from a net outflow of 1,398,975 thousand yuan in the previous period[32]. - The company experienced a decrease in cash outflows related to operating activities, totaling 14,234,190 thousand yuan, compared to 12,024,185 thousand yuan in the previous period[32]. Assets and Liabilities - The total assets at the end of Q1 2025 were CNY 118,014,360, a decrease of 0.86% from CNY 119,042,939 at the end of the previous year[5]. - The company's total liabilities as of March 31, 2025, were 106.67 billion yuan, down from 107.88 billion yuan at the beginning of the period[27]. - The company's long-term equity investments as of March 31, 2025, were valued at 13.69 billion yuan, slightly up from 13.62 billion yuan at the beginning of the period[26]. - The total cash and cash equivalents at the end of the period stood at 3,179,937 thousand yuan, slightly down from 3,603,165 thousand yuan at the end of the previous period[32]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 191,734[18]. - The largest shareholder, Hangzhou Haoyue Enterprise Management Co., Ltd., holds 20.09% of shares, totaling 1,861,076,927 shares[18]. - Zhang Jindong, a significant shareholder, holds 17.70% of shares, totaling 1,640,181,431 shares, with 540,181,430 shares frozen and 1,100,000,000 shares pledged[18]. Guarantees and Financial Support - The company provided guarantees totaling RMB 29.18 billion to subsidiaries, representing 23.47% of the audited net assets for 2024[20]. - As of March 31, 2025, the actual guarantee balance used by subsidiaries to the company is RMB 143.99 billion[21]. - The company’s subsidiaries have provided guarantees for procurement and financing activities, with a total guarantee balance of RMB 72.03 billion for procurement[21]. - The company’s subsidiaries have also provided RMB 71.96 billion in guarantees for financing through real estate mortgages or credit guarantees[21]. - The company has engaged in innovative cooperation models with core brand merchants to manage payment arrangements[22]. Bankruptcy Impact - Guangzhou Jiaguang Supermarket and Dongguan Carrefour were declared bankrupt in 2024, resulting in a total net profit reduction of 1.68 billion yuan for the company[23]. - The total revenue for Guangzhou Jiaguang, Dongguan Carrefour, and Chengdu Carrefour in 2024 was 2.73 million yuan, 1.86 million yuan, and 13.73 million yuan respectively, accounting for only 0.005%, 0.003%, and 0.024% of the company's total revenue[23].

Financial Performance - The company's operating revenue for Q1 2025 was CNY 5.11 billion, an increase of 32.21% compared to CNY 3.87 billion in the same period last year[4]. - The net profit attributable to shareholders was a loss of CNY 257.65 million, representing a decrease of 174.79% from a loss of CNY 93.76 million year-on-year[4]. - The basic and diluted earnings per share were both CNY -0.06, a decline of 200% from CNY -0.02 in the previous year[5]. - The gross profit margin for the period was 34.60%, down 6.35 percentage points year-on-year[11]. - Net profit for Q1 2025 was ¥64,506,284.38, a decrease of 64.7% compared to ¥182,702,769.20 in Q1 2024[26]. - The company reported an investment loss of ¥125,961,229.85, compared to a loss of ¥147,062.99 in the previous period[26]. Cash Flow - The net cash flow from operating activities was CNY 643.36 million, a significant increase of 144.91% compared to a negative cash flow of CNY 1.43 billion in the previous year[4]. - The cash flow from operating activities was not detailed in the provided data, indicating a need for further analysis[31]. - The net cash flow from investment activities was -154,721,665.80, an improvement from -1,301,123,596.31 in the previous period[33]. - The net cash flow from financing activities was -624,398,582.12, compared to a positive 1,362,057,305.39 in the prior period[34]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 177.50 billion, a decrease of 0.60% from CNY 178.57 billion at the end of the previous year[5]. - Total current assets decreased from ¥125.17 billion to ¥124.60 billion, a decline of approximately 0.46%[16]. - Total liabilities decreased from ¥137.02 billion to ¥135.85 billion, a decline of about 0.85%[18]. - Non-current liabilities increased from ¥55.61 billion to ¥59.25 billion, an increase of approximately 6.00%[18]. - The total equity decreased to ¥18,113,065,992.64 from ¥18,329,934,628.51, a decline of 1.2%[23]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 99,143[13]. - The equity attributable to shareholders decreased by 2.28% to CNY 10.35 billion from CNY 10.60 billion at the end of the previous year[5]. Government Support and Investments - The company received government subsidies amounting to CNY 6.70 million, which are closely related to its normal business operations[7]. - The company reported a decrease in investment income from joint ventures, impacting net profit negatively due to changes in project settlement cycles[11]. Future Plans - The company plans to focus on market expansion and new product development in the upcoming quarters[24].

Revenue and Loss - The company's revenue for Q1 2025 was ¥40,441,364.02, a decrease of 66.73% compared to ¥121,552,291.01 in the same period last year[4] - The net loss attributable to shareholders was ¥23,716,236.78, an improvement of 38.21% from a loss of ¥38,382,142.63 in the previous year[4] - Total operating revenue for the current period was ¥40,441,364.02, a decrease of 66.7% compared to ¥121,552,291.01 in the previous period[19] - Net loss for the current period was ¥23,716,236.78, an improvement from a net loss of ¥39,316,994.47 in the previous period[20] Cash Flow - The net cash flow from operating activities decreased by 70.33% to ¥7,372,691.80 from ¥24,848,976.51 year-on-year[10] - Cash inflow from operating activities totaled ¥102,901,167.29, a decrease of 41.8% from ¥176,820,732.27 in the previous period[22] - Net cash flow from operating activities was $7,372,691.80, a decrease of 70.4% compared to $24,848,976.51 in the previous period[23] - Total cash inflow from investing activities was $6,860,000.00, while cash outflow was $317,239.69, resulting in a net cash flow of $6,542,760.31, compared to a net outflow of $41,213,364.33 previously[23] - Cash inflow from financing activities amounted to $45,593,165.00, while cash outflow was $58,696,389.61, leading to a net cash flow of -$13,103,224.61, contrasting with a net inflow of $17,614,749.36 in the prior period[23] - The company reported a significant decrease in cash flow from financing activities, with a cash inflow drop of 68.5% from $144,685,052.37 to $45,593,165.00[23] - The company’s cash flow from operating activities showed a decline of 70.4%, indicating potential operational challenges[23] - The company’s cash flow from investing activities turned positive, contrasting with a significant negative cash flow in the previous period[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,808,437,203.36, down 3.63% from ¥1,876,510,196.66 at the end of the previous year[4] - Total current assets decreased from 606,035,963.51 yuan to 548,245,404.41 yuan, a reduction of approximately 9.5%[15][16] - Total liabilities decreased from 1,000,000,000 yuan to 900,000,000 yuan, a reduction of 10%[16] - Total liabilities amounted to ¥1,654,490,287.98, a slight decrease from ¥1,698,812,455.71 in the previous period[17] - Total equity attributable to shareholders of the parent company was ¥153,946,915.38, down from ¥177,697,740.95 in the previous period[17] Expenses - Research and development expenses decreased by 63.01% to ¥2,273,055.05 compared to ¥6,145,703.76 in the same period last year[8] - The company reported a decrease in research and development expenses to ¥2,273,055.05 from ¥6,145,703.76, a reduction of 62.9%[20] - Total operating costs for the current period were ¥65,684,137.89, down 57.0% from ¥153,280,952.26 in the previous period[19] Shareholder Information - Total number of common shareholders at the end of the reporting period is 76,958[12] - Jiangsu Liqing Integrated Circuit Technology Co., Ltd. holds 26.90% of shares, totaling 193,701,714 shares, with 166,000,000 shares pledged[12] Other Financial Metrics - The company's basic earnings per share improved to -¥0.0329 from -¥0.0533, reflecting a 38.27% increase[4] - Basic and diluted earnings per share for the current period were both -¥0.0329, compared to -¥0.0533 in the previous period[21] - The company reported a significant increase in accounts payable from 357,905,487.45 yuan to 331,321,201.44 yuan, a decrease of about 7.4%[16] - Other comprehensive income after tax for the current period was -¥636,594.74, compared to -¥2,425,148.14 in the previous period[21] Government Support - The company received government subsidies amounting to ¥639,183.45 during the reporting period[5] Audit Status - The first quarter report was not audited, indicating that the financial figures are preliminary and subject to change[24]

Financial Performance - The company's revenue for Q1 2025 was ¥195,951,523.17, representing a 21.74% increase compared to ¥160,956,030.23 in the same period last year[5] - Net profit attributable to shareholders decreased by 62.16% to ¥1,955,172.21 from ¥5,166,913.59 year-on-year[5] - The basic earnings per share dropped by 66.67% to ¥0.01 from ¥0.03 in the same period last year[5] - Net profit for the current period was ¥1,955,172.21, a decrease of 62.1% from ¥5,166,913.59 in the previous period[17] - Basic and diluted earnings per share were both ¥0.01, down from ¥0.03 in the previous period[18] Cash Flow and Assets - The net cash flow from operating activities increased by 91.81% to ¥29,872,374.55, up from ¥15,574,238.79 in the previous year[5] - Cash and cash equivalents increased to 124,725,600.25 CNY from 68,299,677.06 CNY, showing a significant growth[13] - Operating cash flow net amount increased to ¥29,872,374.55, compared to ¥15,574,238.79 in the prior period, reflecting a growth of 91.3%[19] - The company generated cash inflows from operating activities totaling ¥213,823,434.00, compared to ¥181,697,517.87 in the prior period[19] - The net cash flow from financing activities was ¥26,367,103.00, slightly up from ¥26,063,153.31 in the previous period[20] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥968,094,805.85, a decrease of 0.50% from ¥972,935,829.14 at the end of the previous year[5] - The company's total current assets amount to 605,059,997.67 CNY, slightly increasing from 601,549,998.11 CNY at the beginning of the period[13] - Total liabilities decreased to 450,699,676.47 CNY from 457,495,871.97 CNY, showing a reduction of approximately 1.7%[14] - The total assets amount to 968,094,805.85 CNY, slightly down from 972,935,829.14 CNY[14] Investments and Expenses - Investment income decreased by 414.65% to -¥5,680,291.01, mainly due to losses from external investments[8] - The company reported an investment loss of ¥5,680,291.01, compared to a loss of ¥1,103,711.91 in the prior period[16] - Research and development expenses increased to ¥7,129,815.86, a rise of 21.3% from ¥5,878,491.93 in the previous period[16] - Tax expenses increased by 34.23% to ¥7,289,388.22, attributed to a rise in value-added tax during the reporting period[9] Shareholder Information - The total number of common shareholders at the end of the reporting period is 12,578[10] - The largest shareholder, Sun Ruiliang, holds 23.04% of shares, totaling 41,474,532 shares, which are pledged[10] - The second-largest shareholder, Wuzhou Dongtai State-owned Assets Management Co., Ltd., holds 18.50% of shares, totaling 33,296,288 shares, with 15,577,156 shares pledged[10] Other Information - The company received government subsidies amounting to ¥503,227.72, which are closely related to its normal business operations[6] - The company has no preferred shareholders or significant changes in restricted shares during the reporting period[11][12] - The first quarter report of Huari Electric Co., Ltd. is unaudited[21] - The new accounting standards will be implemented starting from 2025[21] - The financial statement adjustments related to the first year of implementation will be disclosed at the beginning of that year[21] - The board of directors announced the first quarter report on April 30, 2025[21]