Financial Performance - The company's revenue for Q1 2025 was ¥881,337,006.40, representing a 14.39% increase compared to ¥770,492,800.16 in the same period last year[5] - The net profit attributable to shareholders was -¥60,109,546.52, a significant decline of 1,076.12% from ¥6,158,004.67 in the previous year[5] - Basic and diluted earnings per share were both -¥0.29, a decrease of 1,066.67% from ¥0.03 in the same quarter last year[5] - Net profit for the current period was a loss of ¥60,236,043.24, compared to a profit of ¥6,486,176.40 in the previous period[19] Cash Flow - The net cash flow from operating activities decreased by 99.43%, amounting to ¥1,065,831.62 compared to ¥185,370,698.37 in Q1 2024[5] - Cash inflows from operating activities amounted to ¥898,541,521.97, slightly down from ¥908,105,722.26 in the previous period[22] - Cash flow from operating activities net amount was 1,065,831.62, a significant decrease from 185,370,698.37 in the previous period[23] - Cash outflow from operating activities totaled 897,475,690.35, up from 722,735,023.89, indicating increased operational expenses[23] - The net increase in cash and cash equivalents was -33,413,404.84, contrasting with a positive increase of 141,617,379.12 in the prior period[23] Assets and Liabilities - Total assets at the end of Q1 2025 were ¥7,145,667,058.72, a slight increase of 0.25% from ¥7,128,038,558.71 at the end of the previous year[5] - The total liabilities decreased from 3,000,000,000 CNY to 2,900,000,000 CNY, a reduction of about 3.3%[15] - The total liabilities increased to ¥4,123,969,839.41, compared to ¥4,045,558,437.91 in the previous period, reflecting a growth of 1.9%[16] - The total equity attributable to shareholders decreased to ¥3,017,254,055.78 from ¥3,077,910,460.55, a decline of 2.0%[16] Expenses - Research and development expenses increased by 42.29% to ¥49,969,566.17, driven by the gradual commissioning of the Anhui factory and new project investments[9] - Management expenses rose by 33.95% to ¥51,585,517.99, attributed to increased employee compensation and travel expenses related to the Anhui factory[9] - Total operating costs increased to ¥937,034,174.61, up 23.5% from ¥758,882,972.91 in the previous period[18] Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 20,853[11] - The largest shareholder, Meili Xin Holdings, holds 39.65% of the shares, totaling 83,513,140 shares[11] Inventory and Receivables - Accounts receivable decreased from 1,153,332,941.01 CNY to 1,017,800,353.60 CNY, a reduction of about 11.8%[14] - Inventory increased from 742,399,224.45 CNY to 824,004,509.62 CNY, an increase of approximately 11.0%[15] Investment Income - The company reported a significant increase in R&D expenses, totaling ¥49,969,566.17, which is a rise of 42.3% from ¥35,119,302.97 in the previous period[19] - The company’s investment income decreased by 142.22%, resulting in a loss of -¥473,885.11 compared to a gain of ¥1,122,477.72 in Q1 2024[9] Cash Management - The company's cash and cash equivalents decreased from 539,544,928.07 CNY to 512,514,821.13 CNY, a decline of approximately 5.7%[14] - The ending balance of cash and cash equivalents was 258,780,315.48, up from 225,699,662.83[23] - The company reported a significant decrease in cash received from investment recoveries, totaling 136,000,000.00 compared to 695,000,000.00 previously[23] - The company’s cash paid for the acquisition of fixed assets was 197,986,553.48, down from 327,679,563.57, indicating reduced capital expenditures[23] - The company’s cash paid for investments was 136,000,000.00, a decrease from 628,000,000.00, reflecting a strategic shift in investment focus[23]
美利信(301307) - 2025 Q1 - 季度财报