泰和科技(300801) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was CNY 653,815,277.56, representing a 25.53% increase compared to CNY 520,856,092.14 in the same period last year[5]. - Net profit attributable to shareholders decreased by 32.07% to CNY 28,446,936.24 from CNY 41,873,866.91 year-on-year[5]. - The net profit after deducting non-recurring gains and losses fell by 32.70% to CNY 23,878,056.53, primarily due to expenses related to the employee stock ownership plan[5][9]. - Basic and diluted earnings per share decreased by 34.57% to CNY 0.1302 from CNY 0.1990 in the previous year[5][9]. - Net profit for the current period was ¥28,446,936.24, a decrease of 31.9% from ¥41,873,866.91 in the previous period[22]. - Basic earnings per share decreased to ¥0.1302 from ¥0.1990, representing a decline of 34.5%[22]. Cash Flow and Liquidity - The net cash flow from operating activities dropped significantly by 553.37%, resulting in a negative cash flow of CNY 19,928,479.01, attributed to increased electricity and employee compensation payments[5][9]. - Operating cash flow for the current period was negative at -$19,928,479.01, compared to a positive cash flow of $4,395,641.23 in the previous period, indicating a significant decline[25]. - Cash inflow from operating activities totaled $587,185,261.95, up from $496,014,578.06 in the previous period, reflecting a growth of approximately 18.4%[24]. - Cash outflow from operating activities increased to $607,113,740.96 from $491,618,936.83, representing a rise of about 23.5%[24]. - The net increase in cash and cash equivalents for the period was $134,770,010.53, compared to $118,374,813.92 in the previous period, reflecting an increase of about 13.8%[25]. - The ending balance of cash and cash equivalents was $458,208,576.97, down from $494,556,099.94 in the previous period, indicating a decrease of approximately 7.4%[25]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,246,792,400.11, a decrease of 2.48% from CNY 3,329,341,753.08 at the end of the previous year[5]. - Total assets decreased to ¥3,246,792,400.11 from ¥3,329,341,753.08, a reduction of approximately 2.5%[19]. - Total liabilities decreased to ¥790,544,605.73 from ¥907,765,451.13, a decline of about 12.9%[19]. - Current liabilities totaled ¥682,639,212.80, down from ¥785,917,499.95, indicating a decrease of 13.1%[19]. - Non-current liabilities decreased to ¥107,905,392.93 from ¥121,847,951.18, a reduction of 11.4%[19]. - The company reported a total equity of ¥2,456,247,794.38, an increase from ¥2,421,576,301.95, reflecting a growth of 1.4%[19]. Sales and Production - The company's sales volume for Q1 2025 reached 286,200 tons, a 62.30% increase compared to the same period last year[8]. - The sales volume of water treatment agents was 82,800 tons, up 15.87% year-on-year, while the sales volume of chlor-alkali products surged by 93.93% to 203,400 tons due to increased production capacity[8]. Research and Development - Research and development expenses increased to ¥17,131,742.50, compared to ¥13,827,299.32 in the previous period, reflecting a growth of 23.4%[21]. Government Support and Corporate Governance - The company received government subsidies amounting to CNY 4,211,284.14 during the reporting period[6]. - The company announced the resignation of two executives, which will not adversely affect operations[14]. - The company held a staff representative meeting to elect a new board representative, ensuring continued governance stability[15].