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联芸科技(688449) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥241,060,113.77, representing an increase of 11.19% compared to ¥216,803,516.47 in the same period last year[4] - The net profit attributable to shareholders was -¥24,794,669.77, a decrease of 342.60% from a profit of ¥10,220,310.24 in the previous year[4] - Total operating costs for Q1 2025 were CNY 287,154,156.14, up 33.3% from CNY 215,378,823.76 in Q1 2024[16] - The net profit for Q1 2025 was a loss of CNY 24,794,669.77, compared to a profit of CNY 10,220,310.24 in Q1 2024[17] - The basic earnings per share for Q1 2025 was CNY -0.0539, compared to CNY 0.0284 in Q1 2024[18] Research and Development - The total R&D investment reached ¥145,500,890.23, which is a 54.81% increase from ¥93,985,573.52 year-on-year[4] - R&D expenses accounted for 60.36% of operating revenue, up by 17.01 percentage points from 43.35% in the previous year[5] - R&D expenses surged to CNY 145,500,890.23 in Q1 2025, a significant increase of 55.0% from CNY 93,985,573.52 in Q1 2024[16] Cash Flow and Liquidity - The net cash flow from operating activities was -¥1,890,226.43, showing an improvement from -¥48,234,179.81 in the same period last year[4] - Cash inflow from operating activities for Q1 2025 was CNY 578,884,504.62, compared to CNY 275,987,841.53 in Q1 2024, indicating a substantial increase[19] - The net cash flow from operating activities was -1,890,226.43, compared to -48,234,179.81 in the previous period, indicating a significant improvement[20] - Total cash outflow from operating activities amounted to 580,774,731.05, up from 324,222,021.34, reflecting increased operational expenses[20] - The total cash and cash equivalents at the end of the period were 1,007,336,365.48, down from 1,181,668,646.91, reflecting a decrease in liquidity[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,125,897,086.21, reflecting a 1.89% increase from ¥2,086,479,098.25 at the end of the previous year[5] - The total liabilities increased to CNY 427,499,683.82 in Q1 2025, up from CNY 376,630,892.08 in Q1 2024[15] - The company's total equity as of Q1 2025 was CNY 1,698,397,402.39, slightly down from CNY 1,709,848,206.17 in Q1 2024[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 20,700[9] - The top shareholder, Hangzhou Hongling Investment Partnership, held 19% of the shares, totaling 87,400,432 shares[9] Investment Activities - The net cash flow from investing activities was -158,747,834.65, a decline from a positive 9,102,300.12 in the previous period, highlighting increased investment expenditures[20] - Cash outflow for investments reached 188,784,337.43, compared to 21,026,949.81 previously, indicating a substantial increase in capital investments[20] Other Financial Metrics - The weighted average return on net assets decreased to -1.45%, down by 3.38 percentage points from 1.93% in the previous year[4] - The company reported a significant increase in credit impairment losses of CNY 5,167,675.85 in Q1 2025, compared to a gain of CNY -1,577,912.11 in Q1 2024[17] - The company reported a total of non-recurring gains and losses amounting to ¥9,147,386.44 for the period[7] - The cash paid for purchasing goods and services in Q1 2025 was CNY 402,504,173.35, an increase from CNY 232,886,265.86 in Q1 2024[19] - The company reported cash payments for taxes amounting to 7,809,047.79, a notable increase from 78,801.35 in the previous period[20] Inventory and Receivables - Accounts receivable decreased to approximately ¥311.53 million from ¥443.77 million, a reduction of about 29.7%[12] - Inventory increased to approximately ¥342.13 million from ¥308.94 million, showing an increase of about 10.7%[13] - The company reported a significant increase in prepayments, rising to approximately ¥170.57 million from ¥3.63 million, a substantial increase of over 4,600%[12] Currency Impact - The impact of exchange rate changes on cash and cash equivalents was -2,917,435.14, contrasting with a positive impact of 15,803.40 previously, reflecting currency volatility[20] Company Strategy - The company has not disclosed any new product developments or market expansion strategies during the reporting period[11]