Financial Performance - The company achieved operating revenue of CNY 20.96 billion in 2024, a decrease of 2.65% compared to CNY 21.53 billion in 2023[28]. - Net profit attributable to shareholders was CNY 2.16 billion, down 26.88% from CNY 2.95 billion in the previous year[28]. - The net cash flow from operating activities was CNY 2.32 billion, a significant decline of 55.70% from CNY 5.23 billion in 2023[28]. - Basic earnings per share decreased by 32.35% to CNY 0.46 from CNY 0.68 in the previous year[29]. - The company's total assets at the end of 2024 were CNY 33.43 billion, a slight decrease of 0.84% from CNY 33.71 billion in 2023[28]. - The company reported non-recurring gains of CNY 143.68 million in 2024, compared to CNY 241.94 million in 2023[33]. - Investment income decreased by 33.29% to 124.06 million RMB, primarily due to changes in the consolidation scope of subsidiaries[156]. - The company's cash flow from investing activities was negative at -2.50 billion RMB, indicating increased cash outflows for term deposits[156]. - The total revenue for the company was CNY 20.16 billion, a decrease of 2.85% compared to the previous year, with a gross margin of 46.07%[191]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of RMB 1.80 per 10 shares, totaling RMB 864,498,653.28 for the 2024 fiscal year, which represents 91.22% of the net profit attributable to shareholders[11]. Market Position and Brand Management - HLA Group maintained its leading position in men's clothing with a market share of 1 for the past 10 years[5]. - HLA Group has established strategic partnerships with brands like Heider and Adidas over the past three years to enhance brand management and supply chain operations[7]. - HLA Group aims to enhance its brand portfolio by introducing more international brands to provide diverse options for consumers[8]. - The strategic plan for 2025-2030 focuses on brand management innovation and retail expansion to achieve long-term growth in the apparel sector[6]. - Haier's brand influence has been recognized as it has been selected as a leading brand in the "Brand Strong Nation Project" for three consecutive years since 2023, becoming the first brand in the clothing industry to receive this honor[42]. - The company has been recognized as a leading brand in the textile and apparel industry, being selected for the "Brand Strong Country Project" by CCTV for three consecutive years since 2023[100]. - The company has been awarded multiple accolades, including the "Best Influential Brand Award" at the 11th Golden Wheat Awards, showcasing its marketing effectiveness and brand impact[100]. International Expansion - The company has expanded its international presence, covering regions such as Singapore, Malaysia, Thailand, Vietnam, and the Philippines, with plans to enter the Middle East, Central Asia, and Australia[8]. - The overseas revenue for 2024 reached 355 million yuan, representing a year-on-year growth of 30.75%, with a total of 101 overseas stores by the end of the reporting period[53]. - The company is exploring overseas market expansion to create new growth opportunities amid complex international trade policies[97]. Retail and Sales Channels - The company operates nearly 6,000 physical stores and numerous online platforms, creating a comprehensive retail ecosystem[5]. - The online channel achieved a main business revenue of 4.419 billion yuan, a year-on-year increase of 35.63%, accounting for 21.92% of total revenue[75]. - The company operates both offline and online sales channels, with a presence in major cities across China and international markets including Malaysia, Singapore, Thailand, Vietnam, and the Philippines[133]. - The retail landscape is shifting towards experiential centers, integrating online and offline channels to enhance consumer engagement and streamline operations[96]. Product Innovation and Development - The company has developed a smart supply chain and 5G smart factory to achieve digital transformation in the apparel industry[5]. - The company aims to enhance product innovation and strengthen its core apparel business while expanding into the sports sector[39]. - The company has expanded its product offerings with the launch of the "Yun Cai Nature" summer product series, featuring technologies such as moisture-wicking and long-lasting antibacterial properties, which have become popular summer sports items[48]. - The company launched the "Do.Re.Mi" down jacket series, focusing on style variety, warmth grading, and aesthetic design, utilizing lightweight goose down and windproof materials[65]. - The company introduced the "new color coat" series made from high-quality cashmere, showcasing core new color tones like wine red and red brown[62]. - The company has implemented a comprehensive information system that covers the entire supply chain, enabling real-time data tracking from suppliers to retail sales[152]. - The company has established a collaborative innovation mechanism for new fabric research and rapid iteration, integrating production, learning, research, and testing[85]. Challenges and Market Conditions - The apparel industry is facing challenges such as insufficient consumer willingness and intensified market competition, leading to a slowdown in domestic sales growth[86]. - In 2024, China's retail sales of clothing reached CNY 1,071.62 billion, with a year-on-year growth of only 0.1%, a slowdown of 15.3% compared to the same period in 2023[86]. - The online retail sales of clothing increased by 1.5% year-on-year, which is a 9.3% decrease in growth rate compared to 2023[86]. Research and Development - The company invested 288 million yuan in R&D, representing a year-on-year growth of 43.82%[81]. - Research and development expenses increased by 43.82% to 288.13 million RMB, driven by investments in new projects[156]. - The company has made significant investments in R&D, focusing on digital transformation in production, including the establishment of a 5G smart factory[56]. Supply Chain and Logistics - The company has established a logistics park in Jiangyin, Jiangsu, equipped with advanced logistics and SAP information systems to enhance inventory management and product turnover[125]. - The procurement model primarily adopts a "returnable goods" approach, allowing unsold products to be returned to suppliers, thus mitigating inventory risk[132]. - The company focuses on integrating supply chain resources and supporting quality suppliers to improve product cost-effectiveness[132]. Customer Engagement and Marketing - The company has established a brand marketing management department to optimize brand communication strategies and maximize marketing value[128]. - The marketing strategy includes a multi-brand approach to cater to different consumer segments, enhancing brand recognition and positioning in the men's clothing sector[143]. - The company has expanded its marketing network to cover over 80% of cities and counties in China, while also tapping into Southeast Asian markets[147].

Financial Performance - The company's operating revenue for Q1 2025 was CNY 594,565,560.13, representing a 34.15% increase compared to CNY 443,210,480.45 in the same period last year[3] - Net profit attributable to shareholders for the same period was CNY 63,879,931.71, a 61.85% increase from CNY 39,469,161.14 year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 61,310,675.51, reflecting a 69.74% increase from CNY 36,120,964.16 in the previous year[3] - Basic and diluted earnings per share were both CNY 0.1210, up 61.76% from CNY 0.0748 in the same quarter last year[3] - The weighted average return on equity increased by 2.95 percentage points to 9.34% compared to 6.39% in the previous year[3] - The company's net profit for Q1 2025 reached CNY 141,215,232.80, a significant increase of 56.1% compared to CNY 90,427,205.88 in Q1 2024[20] - Operating profit for the period was CNY 195,537,543.42, up from CNY 123,667,190.38, reflecting a growth of 58.0% year-over-year[20] - The company's total profit for Q1 2025 was CNY 196,968,386.40, up from CNY 126,090,351.54 in Q1 2024, reflecting a growth of 56.2%[20] - Total comprehensive income for the period was CNY 141,215,232.80, compared to CNY 90,427,205.88 in Q1 2024, indicating a growth of 56.1%[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,735,543,394.42, a decrease of 12.97% from CNY 1,994,093,930.13 at the end of the previous year[3] - Total liabilities decreased to CNY 827,946,744.62 from CNY 1,164,012,513.13, a decline of 28.8%[13] - Shareholders' equity attributable to shareholders increased by 9.80% to CNY 715,629,824.99 from CNY 651,749,893.28 at the end of the previous year[3] - The company's equity attributable to shareholders increased to RMB 715,629,824.99 from RMB 651,749,893.28, reflecting a growth of 9.8%[14] Cash Flow and Operating Activities - The net cash flow from operating activities was negative at CNY -12,304,698.03, compared to CNY -3,006,292.28 in the same period last year[3] - The company reported a net cash outflow from operating activities of CNY -12,304,698.03, compared to CNY -3,006,292.28 in Q1 2024[22] - Cash and cash equivalents decreased to RMB 780,117,876.19 as of March 31, 2025, down from RMB 839,454,251.64 at the end of 2024[11] - Cash and cash equivalents at the end of the period stood at CNY 735,019,430.42, an increase from CNY 691,484,852.48 year-over-year[22] Revenue and Costs - The increase in revenue was primarily driven by higher sales in the seed business during the reporting period[6] - The total operating revenue for Q1 2025 reached RMB 594,565,560.13, an increase of 34.2% compared to RMB 443,210,480.45 in Q1 2024[17] - The total operating costs for Q1 2025 were RMB 394,329,032.05, up 24.4% from RMB 316,833,982.68 in Q1 2024[17] - The operating profit margin for Q1 2025 was approximately 33.7%, compared to 29.5% in Q1 2024, indicating improved profitability[17] Accounts and Inventory - Accounts receivable increased significantly to RMB 100,766,943.28 from RMB 42,144,442.44, reflecting a growth of 138.1%[12] - Inventory levels decreased to RMB 269,390,039.20 from RMB 518,875,529.78, a reduction of 48.2%[12] Non-Recurring Gains and Financial Expenses - The company recognized non-recurring gains totaling CNY 2,569,256.20, after accounting for tax and minority interests[5] - The company incurred financial expenses of CNY 614,383.13, a decrease from CNY 1,669,771.23 in the previous year[20] - The company received CNY 90,000,000.00 from investment recoveries, up from CNY 50,000,000.00 in the same period last year[22]

Financial Performance - The company's revenue for Q1 2025 was CNY 726,106,540.70, representing a decrease of 11.66% compared to CNY 821,950,550.79 in the same period last year[6] - Net profit attributable to shareholders was CNY 105,351,502.12, a significant recovery from a loss of CNY 156,105,357.73 in the previous year[6] - Basic and diluted earnings per share were CNY 0.0734, a turnaround from a loss of CNY 0.1067 per share in the previous year[7] - Net profit for Q1 2025 was CNY 106.89 million, compared to a net loss of CNY 155.03 million in Q1 2024[30] - The company reported a total comprehensive income of CNY 112.09 million in Q1 2025, recovering from a loss of CNY -149.45 million in Q1 2024[31] Cash Flow and Investments - Operating cash flow increased by 656.29%, reaching CNY 50,040,945.88, compared to CNY 6,616,617.54 in the same period last year[7] - The net cash flow from investing activities was 352,963,149.01, a significant increase compared to 20,499,908.87 from the previous period[36] - The total cash inflow from financing activities amounted to 950,320,221.52, up from 475,965,261.82 in the prior period[36] - Cash outflows for financing activities totaled 1,398,506,771.27, compared to 587,542,060.79 previously, resulting in a net cash flow from financing activities of -448,186,549.75[37] - The cash outflow from investment activities was 10,889,463.38, with total cash outflow from investment activities reaching 43,681,405.96[36] Assets and Liabilities - Total assets decreased by 5.63% to CNY 7,524,134,582.02 from CNY 7,972,830,076.66 at the end of the previous year[7] - The company's total liabilities decreased from RMB 3,411,449,130.81 to RMB 2,895,941,054.17, a reduction of about 15.06%[25] - The company's total non-current assets decreased from RMB 5,265,481,702.00 to RMB 4,855,840,808.52, indicating a decline of about 7.77%[24] - The company's current assets totaled RMB 2,668,293,773.50, down from RMB 2,707,348,374.66, indicating a decrease of about 1.45%[22][23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,449[15] - Shareholders' equity attributable to the company increased by 3.76% to CNY 2,849,603,270.96 from CNY 2,746,318,141.35 at the end of the previous year[7] - Total equity attributable to shareholders increased to CNY 2.85 billion in Q1 2025 from CNY 2.75 billion in Q1 2024, an increase of 3.8%[27] Cost Management and Efficiency - The company reported a significant reduction in sales and management expenses, contributing to improved profitability[13] - The company plans to continue focusing on cost management and operational efficiency to enhance future performance[13] Other Financial Metrics - Research and development expenses for Q1 2025 were CNY 22.20 million, slightly down from CNY 23.94 million in Q1 2024[29] - The company repurchased a total of 1,790,000 shares, accounting for 0.12% of the total share capital, with a total expenditure of RMB 2,674,800 (excluding transaction taxes) during the reporting period[18] - The highest repurchase price was RMB 1.57 per share, while the lowest was RMB 1.47 per share[18] - The impact of exchange rate changes on cash and cash equivalents was 692,100.96, a decrease from 1,217,433.42 in the prior period[37] - The company will not apply new accounting standards starting from 2025[38]

Financial Performance - The company's operating revenue for Q1 2025 was ¥18,961,828.13, a decrease of 35.91% compared to ¥29,586,540.10 in the same period last year[4] - The net profit attributable to shareholders was -¥9,783,550.69, compared to -¥9,219,474.23 in the previous year, indicating continued losses[4] - Net profit for Q1 2025 was a loss of ¥9,783,550.69, compared to a loss of ¥9,219,474.23 in Q1 2024, reflecting a 6.1% increase in losses[21] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥1,110,268.57, a significant turnaround from -¥325,745.01 in the same period last year[4] - Cash flow from operating activities for Q1 2025 was ¥1,110,268.57, a significant improvement from a negative cash flow of ¥325,745.01 in Q1 2024[24] - The company experienced a net cash increase of ¥663,159.26 in Q1 2025, contrasting with a decrease of ¥675,883.74 in Q1 2024[25] - Cash and cash equivalents at the end of Q1 2025 totaled ¥36,827,623.06, compared to ¥39,642,022.30 at the end of Q1 2024[25] Assets and Liabilities - Total assets decreased by 6.81% to ¥238,430,279.51 from ¥255,844,146.74 at the end of the previous year[5] - The company's total liabilities decreased to CNY 116,900,792.04 from CNY 124,531,108.58, reflecting a reduction of about 6.1%[16] - The total current assets as of March 31, 2025, were CNY 96,098,970.02, down from CNY 110,791,356.25, indicating a decrease of approximately 13.3%[14] - The company's cash and cash equivalents stood at CNY 37,632,824.41, a decline from CNY 39,713,282.15, which is a decrease of about 5.5%[14] Receivables and Impairments - The company reported a 68.84% decrease in notes receivable, primarily due to a reduction in bank acceptance notes received from sales[7] - Accounts receivable decreased by 32.06%, reflecting the decline in operating revenue[7] - Accounts receivable decreased significantly to CNY 6,526,394.21 from CNY 9,605,523.43, representing a drop of approximately 32.5%[14] - The company reported a 478.00% increase in asset impairment losses, mainly due to a higher reversal of inventory impairment compared to the previous year[7] Equity and Shareholder Information - The total equity attributable to the parent company decreased to CNY 122,715,519.96 from CNY 132,499,070.65, indicating a decline of approximately 7.4%[16] - The company has not reported any significant changes in shareholder structure or major new strategies during the reporting period[11] Operating Costs and Expenses - Total operating costs for Q1 2025 were ¥27,858,766.73, down 26.1% from ¥37,602,155.45 in Q1 2024[20] - Financial expenses increased by 35.80%, attributed to higher interest expenses from increased loans compared to the previous year[7] - Research and development expenses for Q1 2025 were ¥6,148,019.69, slightly down from ¥6,519,869.54 in Q1 2024[20] Other Financial Metrics - The weighted average return on net assets was -7.74%, down from -5.46% in the previous year[4] - The company incurred investment losses of ¥718,572.78 in Q1 2025, an improvement from losses of ¥1,301,757.48 in Q1 2024[20] - The company reported a basic and diluted earnings per share of -¥0.02 for both Q1 2025 and Q1 2024[21] - The company reported a net loss of CNY -562,032,954.56 as of March 31, 2025, compared to a loss of CNY -552,249,403.87 at the end of 2024[16]

第一季度财务报表是否经审计 □是 √否 一、主要财务数据 四川宏达股份有限公司2025 年第一季度报告 证券代码：600331 证券简称：宏达股份 四川宏达股份有限公司 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。 (一)主要会计数据和财务指标 单位：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(%) | | 营业收入 | 821,622,032.70 | 714,179,463.78 | 15.04 | | 归属于上市公司股东 | -35,928,145.61 | -5,474,070.24 | 不适用 | | ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 151,082,492.73, a decrease of 5.31% compared to CNY 159,549,276.64 in the same period last year[4] - Net profit attributable to shareholders decreased by 41.12% to CNY 30,229,196.49 from CNY 51,344,684.17 year-on-year[4] - Basic and diluted earnings per share decreased by 38.46% to CNY 0.08 from CNY 0.13 in the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 40.47% to CNY 30,136,756.26 from CNY 50,621,150.17 year-on-year[4] - The company reported a significant decrease in operating income from non-operating activities by 99.04%, mainly due to a reduction in penalty income year-on-year[8] - Net profit for Q1 2025 was CNY 30.46 million, down 41.7% from CNY 52.29 million in Q1 2024[17] - Operating profit decreased to CNY 30.66 million in Q1 2025, a decline of 42.0% compared to CNY 52.65 million in Q1 2024[17] - Total comprehensive income for Q1 2025 was CNY 29.60 million, compared to CNY 51.90 million in Q1 2024, reflecting a decline of 42.9%[17] Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 388.69% to CNY 58,093,650.94, compared to CNY 11,887,555.31 in the previous year[4] - Cash flow from operating activities for Q1 2025 was CNY 58.09 million, significantly up from CNY 11.89 million in Q1 2024[19] - Cash and cash equivalents increased to RMB 431,000,441.19 from RMB 332,548,393.32, representing a growth of approximately 29.6%[12] - Cash and cash equivalents at the end of Q1 2025 reached CNY 431.00 million, an increase from CNY 298.05 million at the end of Q1 2024[20] - The company experienced a net cash inflow from financing activities of CNY 46.01 million in Q1 2025, down from CNY 55.13 million in Q1 2024[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,324,538,715.31, reflecting a 2.51% increase from CNY 1,292,102,885.10 at the end of the previous year[5] - As of March 31, 2025, the company's total assets amounted to RMB 1,324,538,715.31, an increase from RMB 1,292,102,885.10 as of December 31, 2024, reflecting a growth of approximately 2.5%[15] - The company's current assets totaled RMB 805,282,747.99, compared to RMB 766,388,593.35 at the end of 2024, indicating an increase of about 5.1%[13] - The total liabilities stood at RMB 601,329,789.36, slightly up from RMB 598,498,386.23, showing a marginal increase of about 0.3%[14] - The company's short-term borrowings rose to RMB 320,750,934.13 from RMB 269,955,498.89, marking an increase of around 18.8%[14] Equity - The equity attributable to shareholders increased to RMB 703,823,207.19 from RMB 674,453,479.90, reflecting a growth of approximately 4.3%[15] - The company's total equity increased to RMB 723,208,925.95 from RMB 693,604,498.87, reflecting a growth of approximately 4.3%[15] Inventory and Receivables - Accounts receivable increased by 201.32%, primarily due to accounts receivable generated during the reporting period[8] - The company's accounts receivable surged to RMB 31,071,714.05 from RMB 10,311,862.28, indicating a significant increase of about 201.5%[12] - The inventory decreased to RMB 303,253,123.49 from RMB 365,921,094.58, representing a decline of approximately 17.1%[13] Operating Costs - Total operating costs increased to CNY 118.34 million in Q1 2025, up 13.3% from CNY 104.45 million in Q1 2024[16] - Research and development expenses for Q1 2025 were CNY 2.37 million, slightly down from CNY 2.63 million in Q1 2024[16] Return on Equity - The weighted average return on equity decreased by 3.64 percentage points to 4.27% from 7.91% in the previous year[4] -

Financial Performance - The company's revenue for Q1 2025 was ¥2,119,120,872.19, representing a 3.62% increase compared to ¥2,045,111,314.76 in the same period last year[3] - Net profit attributable to shareholders was ¥130,577,388.58, up 17.16% from ¥111,452,191.16 year-on-year[3] - The net profit after deducting non-recurring gains and losses increased by 40.98%, reaching ¥107,174,447.14 compared to ¥76,019,842.69 in the previous year[3] - Basic earnings per share rose to ¥0.0705, a 17.50% increase from ¥0.060 in the same quarter last year[3] - Net profit for the current period was ¥129,622,855.90, compared to ¥110,137,735.50 in the previous period, indicating an increase of 17.7%[16] - The total comprehensive income for the period was CNY 129,622,855.90, compared to CNY 109,772,189.34 in the previous period, representing an increase of approximately 18.3%[17] - The company reported basic and diluted earnings per share of CNY 0.0705, an increase from CNY 0.060 in the previous period, reflecting a growth of 17.5%[17] Assets and Liabilities - The total assets at the end of the reporting period were ¥28,894,085,264.75, a decrease of 0.48% from ¥29,034,883,409.93 at the end of the previous year[3] - Current assets totaled ¥13,093,860,096.02, down from ¥13,314,069,810.13, representing a decrease of 1.7%[14] - Total liabilities decreased to ¥13,434,128,852.79 from ¥13,704,573,260.96, a reduction of 2.0%[14] - The company's total assets decreased to ¥28,894,085,264.75 from ¥29,034,883,409.93, a decline of 0.5%[15] Shareholder Equity - Shareholders' equity attributable to the parent company increased by 0.87% to ¥15,068,766,709.89 from ¥14,938,165,914.22 at the end of the last year[3] - The total equity attributable to shareholders rose to ¥15,068,766,709.89 from ¥14,938,165,914.22, an increase of 0.9%[14] - The weighted average return on equity was 0.87%, an increase of 0.12% from 0.75% in the previous year[3] Cash Flow - The net cash flow from operating activities was -¥436,496,111.08, showing a slight improvement of 2.93% compared to -¥449,671,361.57 in the same period last year[3] - Cash inflow from operating activities totaled CNY 2,258,080,529.45, down from CNY 2,327,356,044.88, indicating a decrease of about 3%[18] - The net cash flow from investing activities was CNY -607,891,435.90, a significant decline from CNY 1,345,023,311.32 in the previous period[19] - The company's cash and cash equivalents increased to ¥6,427,023,278.74 from ¥6,327,953,582.10, a growth of 1.6%[13] - Total cash and cash equivalents at the end of the period were CNY 334,964,315.82, down from CNY 2,962,197,462.72 at the end of the previous period[19] - The cash outflow from investing activities was CNY 3,074,206,521.65, compared to CNY 4,683,828,610.16 in the previous period, showing a decrease of approximately 34.3%[19] - The company’s financing activities generated a net cash flow of CNY 218,689,445.17, a decrease from CNY 300,533,359.99 in the previous period[19] Operating Costs and Expenses - Total operating revenue for the current period reached ¥2,119,120,872.19, an increase of 3.6% compared to ¥2,045,111,314.76 in the previous period[16] - Total operating costs amounted to ¥2,012,173,667.86, up from ¥1,957,272,953.63, reflecting a rise of 2.8%[16] - The company reported a significant increase in research and development expenses, totaling ¥146,122,291.22, compared to ¥139,333,062.63 in the previous period, an increase of 4.0%[16] Government Subsidies - The company received government subsidies amounting to ¥7,123,821.06, which are closely related to its normal business operations[5] Shareholder Information - The company reported a total of 54,238 common shareholders at the end of the reporting period[9]

Financial Performance - The company's revenue for Q1 2025 was ¥54,653,058.66, a decrease of 3.61% compared to ¥56,696,993.11 in the same period last year[5] - The net loss attributable to shareholders was ¥18,919,987.78, representing a 111.47% increase in losses from ¥8,947,059.87 year-on-year[5] - The net cash flow from operating activities was negative at ¥16,502,827.88, a decline of 55.43% compared to the previous year's negative cash flow of ¥10,617,255.37[5] - Basic and diluted earnings per share were both reported at -0.06, compared to -0.03 in the previous period[24] - Operating profit showed a significant loss of ¥20,773,773.89 compared to a loss of ¥8,606,568.62 in the previous period, reflecting a worsening performance[23] - Net profit attributable to the parent company was a loss of ¥18,919,987.78, worsening from a loss of ¥8,947,059.87 year-over-year[23] - Other comprehensive income after tax showed a loss of ¥2,582,857.60, compared to a loss of ¥807,143.00 in the prior period[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,521,515,028.77, down 3.63% from ¥1,578,823,089.47 at the end of the previous year[5] - Total liabilities decreased to ¥494,928,968.83 from ¥530,464,144.57, a decline of about 6.7%[20] - Current liabilities totaled ¥421,275,761.03, down from ¥436,483,107.67, indicating a decrease of approximately 3.5%[20] - Non-current liabilities decreased to ¥73,653,207.80 from ¥93,981,036.90, a reduction of about 21.6%[20] Cash Flow - The company's cash and cash equivalents decreased from 278,378,066.24 CNY to 235,022,689.20 CNY, a decline of approximately 15.6%[18] - Operating cash flow for the current period is -16,502,827.88 CNY, compared to -10,617,255.37 CNY in the previous period, indicating a decline of approximately 55.5%[25] - Cash flow from financing activities shows a net outflow of -25,856,895.65 CNY, significantly higher than -2,367,950.04 CNY in the previous period, reflecting increased debt repayment[26] - The net decrease in cash and cash equivalents for the period is -43,355,562.37 CNY, compared to -14,742,180.53 CNY in the previous period, indicating a worsening liquidity position[26] - The ending balance of cash and cash equivalents is 233,432,065.21 CNY, down from 259,596,865.72 CNY in the previous period, representing a decrease of approximately 10.1%[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 18,546[12] - The largest shareholder, Zhonglin (Yongan) Holding Co., Ltd., holds 19.27% of shares, totaling 64,884,600 shares[12] - The top ten shareholders hold a significant portion of the company's shares, with the top three accounting for 29.69% of total shares[12] - The company has a total of 0 preferred shareholders at the end of the reporting period[14] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending[13] Operational Highlights - Accounts receivable increased by 68.17% to ¥6,936,119.33 from ¥4,124,508.33, indicating higher sales of fiberboard and seedlings[9] - The company reported a 79.93% increase in selling expenses, totaling ¥2,143,212.45, primarily due to the expansion of the wardrobe and cabinet segment[9] - Other income rose by 125.62% to ¥1,660,399.96, attributed to increased government subsidies related to pine thinning[9] - The company received government subsidies amounting to ¥1,129,019.94, which are closely related to its normal business operations[6] - Total operating costs increased slightly to ¥67,614,889.53 from ¥67,400,276.61, indicating a marginal rise of about 0.3%[22] Future Outlook - The company plans to release its 2024 annual performance forecast on January 25, 2025[14] - The company is undergoing organizational adjustments as announced on January 25, 2025[14] - The company has not yet implemented the new accounting standards as of the reporting date[27]

Financial Performance - The company's operating revenue for Q1 2025 was ¥4,327,915,607.88, a decrease of 31.65% compared to ¥6,331,945,081.84 in the same period last year[3] - Net profit attributable to shareholders was ¥63,093,138.52, down 18.46% from ¥77,374,446.09 year-on-year[3] - The net profit excluding non-recurring gains and losses increased by 171.10% to ¥60,621,336.03 from ¥22,361,625.51 in the previous year[3] - The net profit for the current period is 71,990,141.17, a decrease of 21.7% compared to 91,944,612.44 in the previous period[16] - The total profit for the current period is 106,120,305.60, down from 122,015,945.19, reflecting a decline of 13.0%[16] - The operating profit for the current period is 101,652,292.54, which is a decrease of 16.6% from 121,897,544.76 in the previous period[16] - Basic earnings per share decreased to 0.0851 from 0.1043, reflecting a decline of 18.4%[17] - The total comprehensive income for the current period is 70,132,252.08, down from 91,817,241.00, indicating a decrease of 23.5%[17] Cash Flow and Assets - The net cash flow from operating activities improved by 55.54%, reaching -¥328,978,963.88 compared to -¥739,966,044.97 in the same period last year[3] - Cash flow from investment activities generated a net inflow of 744,902,829.28, significantly up from 11,228,078.97 in the previous period[19] - Cash and cash equivalents increased to CNY 941,562,990.00 from CNY 455,199,810.25, representing a growth of 106.5%[11] - The cash and cash equivalents at the end of the period amount to 864,930,287.90, an increase from 401,178,811.26 in the previous period[19] - Total current assets reached CNY 6,338,639,253.14, an increase of 5.9% from CNY 5,986,727,336.28 at the beginning of the period[12] - Total assets at the end of the reporting period were ¥13,327,513,387.00, reflecting a 2.21% increase from ¥13,039,430,227.06 at the end of the previous year[3] - Total assets amounted to CNY 13,327,513,387.00, up from CNY 13,039,430,227.06, indicating a growth of 2.2%[13] Liabilities and Shareholder Information - Short-term borrowings rose significantly to CNY 849,394,453.03 from CNY 187,124,077.78, reflecting an increase of 354.5%[13] - Non-current liabilities totaled CNY 1,573,672,911.49, slightly up from CNY 1,566,247,298.68, indicating a marginal increase of 0.8%[13] - The total number of ordinary shareholders at the end of the reporting period was 48,279[8] - Xiamen International Port Co., Ltd. remains the controlling shareholder with a 52.16% stake[8] Market Conditions and Strategic Initiatives - The decline in revenue was primarily due to weak market demand in port trade and a decrease in the prices of certain bulk commodities[6] - The company reported a government subsidy of ¥2,513,129.06 related to its normal business operations[4] - The company is actively progressing on a major asset restructuring plan to acquire controlling interest in Xiamen Container Terminal Group Co., Ltd.[9] - The company plans to issue shares and raise matching funds from no more than 35 qualified investors as part of the asset acquisition[9] - The company reported a net profit margin decline due to increased operational costs and reduced revenue, necessitating strategic adjustments moving forward[15]

Financial Performance - The company's revenue for Q1 2025 was ¥765,184,525.79, a decrease of 10.10% compared to ¥851,122,452.21 in the same period last year[5] - The net loss attributable to shareholders was ¥31,436,055.28, representing a decline of 630.86% from a profit of ¥5,921,697.83 in the previous year[5] - The basic and diluted earnings per share were both -¥0.1969, a decrease of 630.73% from ¥0.0371 in the previous year[5] - Net profit for the current period was a loss of ¥33,395,600.75, compared to a profit of ¥13,139,686.82 in the previous period[20] - The total comprehensive income for the current period was a loss of ¥33,395,595.00, compared to a gain of ¥13,139,437.77 in the previous period[21] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥27,144,375.13, a significant increase of 114.74% compared to a negative cash flow of ¥184,147,281.01 in the same period last year[5] - Cash inflow from operating activities was ¥2,123,165,779.13, down from ¥2,659,379,520.26 in the previous period[22] - The net cash flow from operating activities was $27.14 million, a significant improvement from a net outflow of $184.15 million in the previous period[23] - The company reported a net increase in cash and cash equivalents of $187.81 million, contrasting with a decrease of $79.85 million in the same period last year[23] - The ending balance of cash and cash equivalents stood at $775.22 million, up from $446.46 million year-over-year[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥10,108,433,620.53, down 0.85% from ¥10,195,192,264.90 at the end of the previous year[5] - The total liabilities decreased from ¥9,342,332,430.81 to ¥9,137,772,252.60, showing a reduction of approximately 2.2%[16] - The company's total liabilities amounted to ¥10,676,768,305.22, slightly down from ¥10,728,521,586.94 in the previous period[17] - The total equity attributable to the parent company was negative at ¥836,212,734.48, compared to negative ¥803,184,579.99 in the previous period[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,734[10] - The largest shareholder, Zhuhai Zhengfang Group, holds 29.95% of the shares, totaling 47,811,853 shares[10] - Liu Haiyun, a natural person, holds 20.86% of the shares, totaling 33,291,651 shares, with 24,968,738 shares pledged[10] Operational Metrics - Total operating revenue for the current period was ¥765,184,525.79, a decrease of 10.1% compared to ¥851,122,452.21 in the previous period[19] - Total operating costs decreased to ¥830,936,461.07, down 3.1% from ¥857,577,831.12 in the previous period[19] - Research and development expenses were ¥19,742,015.78, a decrease of 8.2% from ¥21,495,202.27 in the previous period[20] Investment and Financing Activities - Cash inflow from financing activities reached $954.57 million, compared to $647.01 million in the prior period, indicating a 47.4% increase[23] - The company plans to transfer 77% of its stake in Guangdong Jianyi Mining Co., with an estimated transaction price between ¥924 million and ¥1.155 billion[13] - The company signed a housing sale intention agreement with its controlling shareholder, with an estimated transaction price between ¥70 million and ¥100 million[12]