卓越新能(688196) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥708,775,162.52, a decrease of 18.39% compared to ¥868,441,483.85 in the same period last year[4] - Net profit attributable to shareholders increased by 111.22% to ¥61,312,199.00 from ¥29,028,166.78 year-on-year[4] - The net profit after deducting non-recurring gains and losses rose by 135.16% to ¥56,633,403.25 compared to ¥24,082,524.06 in the previous year[4] - Basic earnings per share increased by 112.50% to ¥0.51 from ¥0.24 year-on-year[4] - Total operating revenue for Q1 2025 was ¥708,775,162.52, a decrease of 18.4% compared to ¥868,441,483.85 in Q1 2024[15] - Net profit for Q1 2025 reached ¥61,312,199.00, an increase of 111.4% compared to ¥29,028,166.78 in Q1 2024[16] - The basic earnings per share for Q1 2025 was ¥0.51, up from ¥0.24 in Q1 2024, representing a growth of 112.5%[16] Cash Flow - The net cash flow from operating activities was ¥54,013,735.88, a significant improvement from a negative cash flow of ¥13,075,055.56 in the same period last year[4] - Operating cash flow for Q1 2025 was ¥54,013,735.88, a significant improvement from a negative cash flow of ¥13,075,055.56 in Q1 2024[17] - Cash received from sales and services in Q1 2025 was ¥523,050,636.16, a decrease of 33.5% from ¥785,687,980.01 in Q1 2024[17] - The net cash flow from investment activities amounted to $300,626,970.32, showing a significant increase compared to the previous period[18] - Cash inflow from financing activities totaled $50,000,000.00, while cash outflow for debt repayment was $96,000,500.00[18] - The net increase in cash and cash equivalents for the period was $307,762,653.48, reflecting strong liquidity management[18] - The ending balance of cash and cash equivalents reached $557,283,879.09, up from $249,521,225.61 at the beginning of the period[18] - The company reported a total cash outflow from investment activities of $181,542,135.07, indicating ongoing investment in growth initiatives[18] - The net cash flow from financing activities was negative at -$51,621,646.95, suggesting higher debt repayments than new borrowings[18] - The impact of exchange rate fluctuations on cash and cash equivalents was a positive $4,743,594.23, contributing to overall cash growth[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,636,876,971.36, reflecting a 1.98% increase from ¥3,566,311,420.24 at the end of the previous year[5] - The company's current assets reached RMB 2,198,432,228.38, up from RMB 1,877,700,197.73, indicating a significant increase of about 17.0%[12] - The accounts receivable increased to RMB 93,368,485.82 from RMB 46,690,083.14, marking a rise of about 99.9%[11] - The company's inventory was reported at RMB 950,138,949.31, slightly down from RMB 952,616,548.34, showing a decrease of approximately 0.3%[12] - The total liabilities decreased to RMB 2,198,432,228.38 from RMB 2,188,611,222.51, indicating a slight reduction of about 0.1%[12] - The company's short-term borrowings were reported at RMB 175,724,521.34, down from RMB 197,482,492.32, reflecting a decrease of approximately 11.0%[12] - The total non-current assets were RMB 1,438,444,742.98, down from RMB 1,688,611,222.51, indicating a decline of about 14.8%[12] - The company's total liabilities as of the end of the reporting period were ¥782,268,860.26, compared to ¥773,583,681.15 in the previous year, showing a slight increase of 1.8%[14] - Total equity attributable to shareholders increased to ¥2,854,608,111.10 from ¥2,792,727,739.09, marking a growth of 2.2%[14] Research and Development - R&D investment totaled ¥23,899,836.20, down 21.31% from ¥30,371,115.33 in the same period last year[4] - R&D investment as a percentage of operating revenue was 3.37%, a decrease of 0.13 percentage points from 3.50%[5] - Research and development expenses decreased to ¥23,899,836.20 in Q1 2025 from ¥30,371,115.33 in Q1 2024, reflecting a reduction of 21.3%[15] Other Information - The company reported non-recurring gains of ¥4,678,795.75, primarily from government subsidies and other non-operating income[7] - The company has not reported any significant changes in shareholder structure or related party transactions during the reporting period[11] - The company plans to implement new accounting standards starting in 2025, which may affect future financial reporting[18]