Huading Nylon(SH:601113)2025-04-14 09:20Financial Performance - The company's operating revenue for Q1 2025 was ¥1,156,302,973.38, a decrease of 44.53% compared to ¥2,084,576,926.97 in the same period last year[3] - Net profit attributable to shareholders was ¥94,486,755.57, an increase of 17.26% from ¥80,575,777.84 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥88,256,809.69, reflecting a 22.28% increase from ¥72,178,714.85 in the previous year[3] - Basic and diluted earnings per share increased by 28.57% to ¥0.09, compared to ¥0.07 in the previous year[3] - Total operating revenue for Q1 2025 was ¥1,156,302,973.38, a decrease of 44.4% compared to ¥2,084,576,926.97 in Q1 2024[17] - Net profit for Q1 2025 was ¥93,528,885.94, an increase of 17.6% from ¥79,498,129.41 in Q1 2024[18] - Basic earnings per share for Q1 2025 were ¥0.09, compared to ¥0.07 in Q1 2024[19] - The company reported a profit before tax of ¥110,192,894.60 for Q1 2025, compared to ¥95,661,654.17 in Q1 2024, indicating a growth of 15.2%[18] Cash Flow and Investments - The net cash flow from operating activities decreased by 72.57% to ¥30,648,520.97, down from ¥111,738,675.85 in the same period last year[3] - In Q1 2025, the company generated operating cash inflow of CNY 1,289,462,502.80, a decrease of 37.8% compared to CNY 2,072,868,053.93 in Q1 2024[20] - The net cash flow from operating activities was CNY 30,648,520.97, down 72.6% from CNY 111,738,675.85 in the same period last year[20] - The company reported a net cash outflow from investment activities of CNY 128,217,415.01, compared to a net outflow of CNY 78,247,176.48 in Q1 2024[21] - Cash and cash equivalents at the end of Q1 2025 totaled CNY 615,999,207.79, an increase from CNY 1,055,557,954.89 at the end of Q1 2024[21] - The company’s cash inflow from financing activities was CNY 354,620,810.91, a significant improvement from a net outflow of CNY 90,115,876.53 in Q1 2024[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,316,737,390.36, representing a 6.79% increase from ¥5,915,207,936.16 at the end of the previous year[4] - As of March 31, 2025, the company's total assets amounted to RMB 6.32 billion, compared to RMB 5.92 billion as of December 31, 2024, reflecting a growth of approximately 6.8%[13] - The company's current assets totaled RMB 2.73 billion as of March 31, 2025, an increase from RMB 2.54 billion at the end of 2024[14] - Total liabilities increased to ¥2,429,257,075.36 in Q1 2025 from ¥2,121,256,507.10 in Q1 2024, reflecting a growth of 14.5%[16] - Non-current liabilities totaled ¥1,001,633,689.71 in Q1 2025, up from ¥650,439,199.10 in Q1 2024, marking a significant increase of 53.8%[16] - The total liabilities rose to CNY 1,872,820,781.30, compared to CNY 1,559,880,790.17 at the end of 2024, indicating an increase of 20.0%[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,332[9] - The total equity attributable to shareholders of the parent company was ¥3,879,914,848.82 in Q1 2025, up from ¥3,785,428,093.25 in Q1 2024[16] Research and Development - Research and development expenses for Q1 2025 were ¥49,972,847.99, an increase of 21.5% from ¥41,037,285.62 in Q1 2024[17] - Research and development expenses increased significantly to CNY 33.64 million in Q1 2025, up from CNY 15.82 million in Q1 2024, representing a growth of 112.5%[26] Operational Strategy - The decrease in operating revenue was mainly due to the exclusion of Tongtuo Technology's sales from the consolidated financial statements[7] - The company is focusing on a cost-leading strategy and is committed to the development of its main business[11]