征和工业(003033) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was CNY 395,091,613.48, representing a 6.32% increase compared to CNY 371,604,262.20 in the same period last year[5]. - Net profit attributable to shareholders reached CNY 53,838,523.71, a significant increase of 100.09% from CNY 26,906,639.20 year-on-year[5]. - Basic earnings per share doubled to CNY 0.66, compared to CNY 0.33 in the same quarter last year, reflecting a 100% increase[5]. - Total operating revenue for the current period reached ¥395,091,613.48, an increase of 6.4% compared to ¥371,604,262.20 in the previous period[19]. - Net profit for the current period was ¥53,838,523.71, representing a 100.5% increase from ¥26,906,639.20 in the previous period[20]. - Basic and diluted earnings per share both rose to ¥0.66, doubling from ¥0.33 in the previous period[21]. - The total comprehensive income for the current period was ¥52,396,280.54, an increase from ¥25,864,239.34 in the previous period[21]. Cash Flow - The net cash flow from operating activities improved to CNY 4,890,286.79, a turnaround of 109.96% from a negative cash flow of CNY -49,115,777.80 in the previous year[5]. - Cash flow from operating activities generated a net amount of ¥4,890,286.79, a significant recovery from a net outflow of ¥49,115,777.80 in the previous period[21]. - The company's cash flow from investing activities was negative at CNY -107,331,588.14, an increase of 85.88% in outflows compared to CNY -57,742,024.71 last year, primarily due to land purchases[10]. - Investment activities cash outflow totaled $164,537,028.14, with a net cash flow from investment activities of -$107,331,588.14[22]. - Financing activities cash outflow amounted to $9,207,067.22, resulting in a net cash flow from financing activities of -$9,207,067.22[22]. - The net increase in cash and cash equivalents was -$110,100,101.61, with an ending balance of $251,584,718.16[22]. - The cash and cash equivalents at the beginning of the period were $361,684,819.77[22]. - The impact of exchange rate changes on cash and cash equivalents was $1,548,266.96[22]. Assets and Liabilities - Total assets decreased by 2.50% to CNY 2,322,446,463.89 from CNY 2,381,978,956.60 at the end of the previous year[5]. - The total assets of the company as of March 31, 2025, amounted to CNY 2,322,446,463.89, a decrease from CNY 2,381,978,956.60 at the beginning of the period[16]. - Current assets decreased to CNY 1,008,676,881.90 from CNY 1,197,159,039.05, indicating a reduction of approximately 15.8%[16]. - Cash and cash equivalents dropped to CNY 251,584,718.16 from CNY 361,804,532.05, reflecting a decline of about 30.5%[16]. - Accounts receivable decreased to CNY 328,983,916.51 from CNY 341,711,912.45, a reduction of approximately 3.7%[16]. - Inventory increased to CNY 297,382,851.66 from CNY 275,366,927.03, showing an increase of about 8.0%[16]. - Total liabilities decreased to CNY 1,012,164,208.87 from CNY 1,124,092,982.12, a decline of approximately 10.0%[17]. - Short-term borrowings were not specified, but current liabilities totaled CNY 487,479,253.01, down from CNY 505,078,473.14, a decrease of about 3.0%[17]. - Long-term borrowings decreased to CNY 400,152,437.64 from CNY 506,307,450.87, reflecting a decline of approximately 21.0%[17]. Other Income and Expenses - The company received government subsidies amounting to CNY 27,003,474.74, contributing to the increase in other income by 880.80% to CNY 31,618,580.05[10]. - Other income increased substantially to ¥31,618,580.05, compared to ¥3,223,754.70 in the previous period[19]. - The company reported a tax expense of ¥9,937,394.14, compared to ¥5,017,927.07 in the previous period[20]. - The company's retained earnings rose to ¥735,825,267.94, up from ¥681,986,744.23 in the previous period[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,272[12]. - The company’s major shareholder is Qingdao Kuifeng Holding Group Co., Ltd., which holds 47,154,300 shares, representing a significant portion of the total equity[13]. Investment Activities - The company approved an investment in a high-end equipment key component industrial park project during board meetings held on January 24 and February 11, 2025[14].