HIUV(SH:688680)2025-04-18 14:30Financial Performance - The company's operating revenue for Q1 2025 was ¥315,524,915.79, a decrease of 64.02% compared to ¥876,971,604.75 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥57,438,181.79, compared to a loss of ¥18,840,674.44 in the previous year[5] - Total operating revenue for Q1 2025 was ¥315,524,915.79, a decrease of 64.0% compared to ¥876,971,604.75 in Q1 2024[19] - Net loss for Q1 2025 was ¥57,438,181.79, compared to a net loss of ¥18,840,674.44 in Q1 2024, representing an increase in losses[20] - Basic earnings per share for Q1 2025 was -¥0.69, compared to -¥0.23 in Q1 2024[21] Cash Flow - The net cash flow from operating activities was ¥45,253,463.62, a significant improvement from a negative cash flow of ¥280,532,578.61 in the same period last year[6] - Cash inflow from operating activities in Q1 2025 was ¥401,590,439.96, a decrease of 50.0% from ¥803,422,070.19 in Q1 2024[22] - Cash outflow for purchasing goods and services in Q1 2025 was ¥297,316,968.41, down 70.1% from ¥996,442,578.83 in Q1 2024[22] - The total cash outflow from operating activities was $356,336,976.34, compared to $1,083,954,648.80 in the prior year[23] - The company reported a total cash decrease of $160,773,698.07, compared to a decrease of $84,542,460.18 in the prior year[23] Assets and Liabilities - Total assets decreased by 7.18% to ¥2,993,019,456.66 from ¥3,224,646,284.11 at the end of the previous year[6] - The total non-current assets were CNY 1,145,798,890.07, down from CNY 1,178,980,845.17, showing a decline of about 2.8%[16] - Total liabilities as of the reporting date were ¥1,440,862,870.35, a decrease from ¥1,617,611,278.56 in the previous period[17] - Total equity attributable to shareholders was ¥1,552,156,586.31, down from ¥1,607,035,005.55 in the previous period[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 6,834[10] - The top shareholder, Li Min, holds 23.83% of the shares, with a total of 20,020,120 shares[11] - The company’s repurchase account held 1,209,885 shares, accounting for 1.44% of the total share capital[12] - The top shareholder, Li Min, holds 20,020,120 shares, representing a significant portion of the company's equity[12] Research and Development - Research and development expenses totaled ¥17,154,437.01, down 49.87% from ¥34,217,947.51 in the previous year, while the R&D expense as a percentage of operating revenue increased to 5.44% from 3.90%[6] - The automotive sector's new film products have entered the industrialization delivery phase, resulting in increased investments in R&D, market, and production[9] Market Conditions - The company faced intensified competition leading to a decline in product prices, which contributed to the significant drop in revenue and increased losses[9] Other Comprehensive Income - Other comprehensive income after tax for Q1 2025 was ¥2,325,463.98, compared to ¥504,775.78 in Q1 2024[20]